Prediction market traders are increasingly bullish on Nvidia Corp. (NASDAQ:NVDA) ahead of its closely watched first-quarter earnings report, with Polymarket data showing strong expectations that the AI chip giant's stock could climb beyond $240 by the end of May.
Polymarket Traders Signal Nvidia Stock Rally After Earnings
Nvidia, scheduled to report first-quarter earnings on May 20, has become a focal point for traders as shares hover near record highs following a meteoric rise that pushed its valuation to roughly $5.46 trillion.
On Polymarket, the largest share of bets points to Nvidia stock reaching at least $240 this month, with traders assigning a 54% probability to that outcome.
Other bullish positions include a 37% chance of shares topping $248 and a 45% probability of crossing $256.
