Nvidia shares moved higher in early Thursday trading following a solid set of quarterly earnings that both underscored its dominance in the AI investment thesis and raised questions over the impact of ramping production of its top-of-the-line processors.

Can Nvidia’s GTC conference give the stock a boost? One analyst thinks a bigger catalyst might be simply psychological.

Nvidia options pricing on Wednesday afternoon suggested traders expect shares to move roughly $10, or about 8%, in either direction around Wednesday’s earnings, which would be the stock's biggest post-earnings move since May.