Nvidia Q2 Earnings: Options Price $280B Swing After 7-Day Drop

The real story is not the revenue print but the guidance and gross margin, since options are pricing a swing large enough to matter for broader AI-linked positioning. The seven-day losing streak suggests expectations were already being reset into the event, which makes the guidance reaction asymmetric. What matters for crypto and RWA markets is whether Nvidia's outlook reinforces or undercuts the AI-infrastructure narrative that has been a key demand driver. Whether the implied move is realized or fades is the open question.