Previous close | 313.86 |
Open | 287.80 |
Bid | 294.50 |
Ask | 297.45 |
Strike | 1,290.00 |
Expiry date | 2026-01-16 |
Day's range | 287.80 - 287.80 |
Contract range | N/A |
Volume | |
Open interest | 41 |
Nvidia (NVDA) stock has been running and seems unstoppable as it in on the threshold to a new all-time high. The AI chipmaker announced that its Blackwell graphics processing unit (GPU) is currently sold out for the next 12 months, while Advanced Micro Devices' (AMD) newly unveiled Instinct MI325X AI chip was met with underwhelming enthusiasm by investors. Bernstein managing director and senior analyst Stacy Rasgon sits down with Julie Hyman and Josh Lipton for a conversation around the deepening race between AI chip makers and hyperscalers. "The gap in terms of timing between what Nvidia is delivering, what AMD is delivering is still very, very wide. I think it's still Nvidia's game to lose," Rasgon says. "People are foreseeing demand continuing, and they're actually making investments to enable that. And with with all these stocks, like there's a big worry that just the numbers have gotten so big so quickly. They're just worried about sustainability. "But, clearly everything we're seeing from the supply chain and the customers, it doesn't suggest that there's any sort of faltering of demand anytime soon." To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Luke Carberry Mogan.
Options trades indicate that Nvidia (NVDA) could be ramping up for rapid growth in the fourth quarter into the first quarter of 2025, ayCrest managing director David Boole tells Morning Brief Hosts Seana Smith and Brad Smith. Boole says Nvidia’s next “catalyst simply could be seasonality,” explaining, “I've noticed that Nvidia stock has been incredibly strong in Q4 and especially into Q1." He notes this thesis is supported by recent options market trading. “We're kind of exiting this regime where I look at the options where investors have been using Nvidia options that are priced very high because the stock moves so much, they're not necessarily rich to extract some income, selling calls against long stock selling puts be willing to buy it lower. And now we're back," Boole elaborates. "It seems after this huge trade on Thursday into a regime where clients are buying Nvidia calls, and that in itself can, apart from the fundamental story, of course, can help propel the stock higher, where if there's a surge in upside call buying." He calls back to this trend being a "hallmark" of Nvidia's 2023 and early 2024 rallies: "Seems like we could be getting back to that type of regime where investors are reaching for the upside via Nvidia calls." Given the "unusual" size of Thursday’s options play, Boole says the activity could exacerbate the rally he expects from Nvidia. “There's a story in the options market, there's a story outside of the options market, [and] I think it's all intertwined. But if you have a lot of investors that are long calls on the upside and dealers and market makers that are selling these calls are hedged, as the stock goes higher, they need to buy the stock as the stock rallies. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan.
(Bloomberg) -- Nvidia Corp.’s shares are roaring back after the company successfully calmed investor concerns about product delays and its long-term growth prospects.Most Read from BloombergDubai’s Allure to Expats Is Weighing on City’s InfrastructureHow Mexico City Averted All-Out DroughtThe Master Plan That Shaped Pakistan’s Capital Is No Longer WorkingAs Brussels Booms, an Old Boogeyman Returns: BrusselizationThe Cablebus Transformed Commutes in Mexico City’s Populous OutskirtsThe stock is up