Options Market Statistics: Nvidia Shares Rise as Foxconn Results Boost Investor Confidence
$NVIDIA Corp(NVDA)$ shares surged 5.27% on Friday. The most traded calls are contracts of $120 strike price that expire on Mar 14 and the total volume reaching 322,078 with the open interest of 76,119.
Nvidia's stock was rising on Friday after a key supplier's latest earnings report appeared to bode well for the artificial-intelligence trade amid a wider market rally. Results from Taiwanese electronics maker Foxconn, appeared to be giving the stock a boost. Foxconn recently said it was building the world's largest manufacturing site for servers to house Nvidia's GB200 Superchips in Mexico. That guidance could be seen as a sign that demand for AI products -- including Nvidia's graphics-processing units -- will remain strong this year.
There was a noteworthy activity in $SUPER MICRO COMPUTER INC(SMCI)$ , with $44.5 calls topping the highest volume to open interest ranking. The highest volume over open interest ratio reaches 165.9x with 27,211 contracts.
@TigerStars @CaptainTiger @TigerWire @Daily_Discussion @Tiger_chat @Tiger_comments @MillionaireTiger

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments