Australia markets open in 7 hours 53 minutes

NVDA Oct 2024 750.000 put

OPR - OPR Delayed price. Currency in USD
Add to watchlist
7.22-0.68 (-8.61%)
As of 03:42PM EDT. Market open.
Full screen
Previous close7.90
Expiry date2024-10-18
Day's range7.22 - 8.40
Contract rangeN/A
Open interest2.1k
  • Yahoo Finance Video

    Chip stock sell-off opens door for long-term plays: Analyst

    Chip stocks continue their sector-wide slide, following a tech sell-off triggered by disappointing reports from some Magnificent 7 companies. Moor Insights & Strategy founder, CEO, and chief analyst Patrick Moorhead joins Morning Brief to discuss the semiconductor industry's current state. Moorhead observes that due to the chip sector's strong momentum over the past year, "any hiccup, any rumor of something" can trigger a stock decline. He suggests this downturn presents an opportunity for investors to identify potential high-growth companies beyond industry giants like Nvidia (NVDA), Broadcom (AVGO), and Intel (INTC). Moorhead advises investors to "look at a mid-term and even... long-term approach of where those stocks are going or could go," highlighting companies such as Qualcomm (QCOM). Regarding industry trends, Moorhead notes that many companies are pivoting towards AI, often at the expense of other initiatives. "They want their IT groups to pivot to generative AI. And a lot of this is about FOMO, it's the fear of missing out," he explains. This shift in focus is creating a divide in the market: "That's why you see companies that aren't engaged in the generative AI wave are seeing very mixed results." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

  • Investor's Business Daily

    Nvidia Approaches Key Level After Massive Fall; Is It A Buy Now?

    Nvidia stock rose and approached the 50-day moving average Thursday after the Magnificent Seven stock gapped down nearly 7% on Wednesday. Emotions can quickly come into play and mess up decisions but time-tested trading rules improve the odds of success and help investors assess whether Nvidia stock is a buy now. On Tuesday, Nvidia announced a new AI Foundry service that will support Facebook parent Meta's Llama 3.1 which will allow developers to build large language models using an open source model.

  • Reuters

    Amazon racing to develop AI chips cheaper, faster than Nvidia's, executives say

    Inside's chip lab in Austin, Texas, half a dozen engineers on a Friday afternoon put a closely guarded new server design through its paces. The server was packed with Amazon's artificial intelligence chips that compete with those from market leader Nvidia, Amazon executive Rami Sinno said on Friday, during a visit to the lab. Amazon is developing its own processors to limit its reliance on costly Nvidia chips - the so-called Nvidia tax - that power some of the artificial intelligence cloud business at its Amazon Web Services, the main growth driver.