
The hype around artificial intelligence may finally be normalizing, at least according to company earnings calls over the past two quarters.

Traders in the U.S. equity options market are betting Nvidia's upcoming earnings report could spur a massive move in the shares of the world's most dominant artificial intelligence chipmaker. Nvidia, up about 50% this year, could see its shares swing by about 11% in either direction following its quarterly results on Feb. 21, according to data from options analytics service ORATS. With Nvidia's market capitalization at $1.8 trillion, a move of that size would make for a potential swing in market value of about $200 billion.