NVDA Mar 2024 70.000 put
| Previous close | 0.0800 |
| Open | 0.0800 |
| Bid | 0.0100 |
| Ask | 0.0600 |
| Strike | 70.00 |
| Expiry date | 2024-03-15 |
| Day's range | 0.0800 - 0.0800 |
| Contract range | N/A |
| Volume | |
| Open interest | 250 |
Motley Fool3 AI Stocks You Can Confidently Buy After a Market Downturn
Meanwhile, investors who missed out on the massive rally in AI stocks should probably wait for a market downturn to reduce those valuations to more sustainable levels. If that happens, I'd confidently load up on Nvidia (NASDAQ: NVDA), Cloudflare (NYSE: NET), and Workday (NASDAQ: WDAY) as long-term plays on the booming AI market. Nvidia is the world's largest producer of discrete GPUs, which are used to process AI tasks in data centers, render graphics in PC games, and mine certain cryptocurrencies.
Motley FoolBetter Artificial Intelligence Stock: Nvidia vs. Super Micro Computer
Meanwhile, two of the biggest winners year to date are Nvidia (NASDAQ: NVDA) and Super Micro Computer (NASDAQ: SMCI). For Nvidia, its background was in high-end graphics chips for gamers. Similarly, Super Micro Computer has long been pegged as a "commodity" server provider in a highly competitive, low-margin industry; however, it's more differentiated than many think.
Motley Fool4 Super Semiconductor Stocks to Buy for the Artificial Intelligence Boom
What is a data center? It's a dedicated building filled mostly with clusters of computer servers working in unison to complete tasks, and it's typically managed by tech giants like Microsoft and Amazon (NASDAQ: AMZN). Millions of businesses rent those data centers to store their data, run their online sales channels, and even develop software.
