Options Market Statistics: Tesla Shares Fall Over 8% on Friday Despite Earlier Strong Momentum; Options Pop
$NVIDIA Corp(NVDA)$
Nvidia's stock has lost 13.9% this week, recording its worst weekly performance in two years, largely due to a less-than-expected earnings report that raised concerns about future growth and margin pressures. Analysts express mixed sentiments; while Mizuho's Jordan Klein forecasts further short-term pressure for chip stocks, BofA's Vivek Arya remains optimistic about Nvidia's fundamentals, citing compelling growth potential despite regulatory and market headwinds.
$Tesla Motors(TSLA)$
Tesla's stock decline on Friday can be attributed to three main factors: disappointing labor market data, auto sales falling short of forecasts, and a natural correction following a substantial 12% increase over the previous four trading sessions. Earlier in the week, shares rose due to optimism surrounding artificial intelligence developments and the announcement of plans to deploy the Full Self Driving feature in Europe and China by early 2025. Analysts remain cautiously optimistic about Tesla's long-term potential, with Morgan Stanley rating the stock as a Buy and setting a price target of $310, despite ongoing challenges in the electric vehicle market and the need for Tesla to manage expectations about its autonomous vehicle capabilities.
$Broadcom(AVGO)$
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