**Nvidia's Anticipated Q3 Earnings Report Spurs Market Volatility**

As Nvidia prepares to release its third-quarter earnings report on Wednesday after the market closes, investor focus is sharply directed at the demand for the company's upcoming Blackwell GPU chip. Although full-scale production of this chip is not anticipated until early 2025, Wall Street analysts are eager for any indications regarding pre-orders and customer interest.

The anticipation surrounding the earnings report has led traders to price in a significant potential stock movement, with options data from Bloomberg indicating an expected $300 billion, or 8%, swing in either direction. This highlights the market's sensitivity to Nvidia's performance and future prospects.

Ahead of the earnings announcement, Nvidia's stock experienced a 2.2% decline, trading in New York at 1:35 p.m. Despite this dip, Nvidia's shares had surged an impressive 197% year-to-date through the close of Wednesday’s trading, far surpassing the S&P 500 index's 24% gain.

Investors will be closely watching Nvidia's report for further insights on the company’s strategy and market position, particularly in light of the high expectations placed on the Blackwell GPU chip.