According to CoinMeta, after NVIDIA (NVDA) announced its second-quarter earnings on Wednesday, options traders expect the stock price to rise/fall by 5.4% on Thursday, which is lower than the 6.5% range implied by options before the release of its May financial report. Based on this expected range of 5.4%, its market value could change by approximately $280 billion. Data from options analysis firm Orats shows that this expected range is still significantly lower than the average of 7.4% after financial reports in the past 12 quarters. Matt Amberson, the founder of Orats, stated that there is a certain degree of complacency in the market towards NVIDIA, which means its performance is becoming more predictable. Chris Murphy, co-head of derivatives strategy at Haina International, said that the era when NVIDIA continuously amazed the market with significantly better-than-expected earnings in the early days of AI has come to an end to some extent, and the market generally does not expect it to deliver results that are significantly better than anticipated again.