India, Aug. 26 -- Nvidia investors are preparing for a major stock move after the company reports its second-quarter earnings on Wednesday afternoon. Options traders are pricing in a 5.4% move in Nvidia stock in either direction on Thursday.

That means Nvidia shares could rise or fall by around 5.4% after the earnings report. The expected move would change Nvidia's market value by about $280 billion. Investors are closely watching the results because they want fresh clues about demand for AI chips and the strength of the wider technology sector, according to Reuters.

The 5.4% expected move is lower than the 6.5% move that options were pricing in before Nvidia's May earnings report. This suggests traders are expecting less of a surprise ...