AI stocks are in divergence (by options IV)
After the interference caused by the $SUPER MICRO COMPUTER INC(SMCI)$ capital increase on March 19th, the overall sentiment of chip stocks has declined.
As the leading company with GTC support, $NVIDIA Corp(NVDA)$ has not only avoided falling but rebounded, although the IV has also dropped significantly; even $Advanced Micro Devices(AMD)$ has turned negative skewness.
Currently, only meme stocks like $SoundHound AI Inc(SOUN)$ are maintaining positive sentiment, while others are experiencing a downturn.
However, when the market is left with only speculative sentiment, it often tends to reach its peak in the short term.
Figure 1: Skewness, currently negative for SMCI and AMD (Puts are more expensive)
Figure 2: IV comparison, both have decreased
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