Nvidia stock options activity has picked up sharply ahead of the report as traders brace for volatility.

Polymarket traders are bullish on Nvidia topping $240 after Q1 earnings, fueled by AI demand and strong growth expectations.

Nvidia's earnings report on Wednesday could trigger moves across technology, semiconductor and AI-focused ETFs due to the chipmaker's dominant weight in major funds

Nvidia reports results on Wednesday, as an exceptionally strong first quarter for U.S. corporate profit growth winds down.