NVDA Nov 2024 79.000 put
| Previous close | 0.8200 |
| Open | 1.0800 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 79.00 |
| Expiry date | 2024-11-15 |
| Day's range | 0.8100 - 1.3600 |
| Contract range | N/A |
| Volume | |
| Open interest | 2k |
- Yahoo Finance Video
Stocks open mixed after August's producer price data
US stocks (^DJI, ^IXIC, ^GSPC) are starting the day mixed as the Dow Jones Industrial Average hovers below its flatline at the market open. The Nasdaq Composite has seen total gains of 4.29% over the last four trading sessions. Morning Brief co-host Brad Smith checks out how markets are reacting to August's Consumer Price Index (CPI) and Producer Price Index (PPI) prints out this week, while taking a look at Nvidia (NVDA) within the Nasdaq 100 (^NDX). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
It didn't take much to reignite Nvidia, AI rally: Strategist
US stocks (^DJI,^GSPC, ^IXIC) closed Wednesday's session in the green after August's Consumer Price Index (CPI) came in line with estimates. Meanwhile, Nvidia (NVDA) led the charge for the S&P 500 and Nasdaq, climbing more than 8% intraday after comments made by CEO Jensen Huang at the Goldman Sachs Communacopia and Technology Conference highlighted continued AI demand. B. Riley Wealth chief market strategist Art Hogan joins Market Domination Overtime to discuss the most recent market movement. Hogan explains that this day and week have been "interesting" for markets. He explains, "[This is] the first time that I can remember we've seen an S&P 500 lose and gain 100 points in a single week." He notes that volatility is typical for September, and believes that markets "overreacted" to CPI data. However, as September is also conference season, comments from Nvidia CEO Jensen Huang got investors "excited about AI again," taking markets back up. "I think that when you take a step back and say, if our biggest concern is that today's modestly hotter core CPI number means the Fed's [Federal Reserve] going to go 25 basis points versus 50, that was consensus coming into the day, right? So it just went from 70% to 85% consensus. So I think it's just a major overreaction in what has become an oversold September tape. And I think that the rally in the afternoon probably makes a whole lot more sense," Hogan adds. He notes that semiconductors were down about 23% going into Wednesday's trading day, and argues "it doesn't take much of a push to get investors back and excited about a group that was trading significantly higher than this just two months ago." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
- Yahoo Finance Video
Nvidia CEO Jensen Huang calls chip demand 'intense'
Speaking at the Goldman Sachs Communacopia & Technology Conference, Nvidia (NVDA) CEO Jensen Huang stated that "everybody is counting on us" as the semiconductor manufacturer continues to see chip demands surge among its client base. Nvidia shares have risen in Wednesday's session. Market Domination hosts Julie Hyman and Josh Lipton weigh in on the chip stock's response to its chief executive's comments that the environment is "tense" for the industry leader. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
