Blast Off The AI Surge With NVDA 🚀
73% gain selling covered call on META and selling put on NVDA on Wednesday. Nvidia, the star of the tech industry’s race toward artificial intelligence computing, delivered another stunningly strong quarterly revenue forecast, fueled by surging demand for its AI processors.
Shares soared more than 8% in extended trading after Nvidia said sales will be about $16 billion in the three months ending in October. Analysts had estimated just $12.5 billion.
Bounce above yellow line for calls, reject for puts
Nvidia’s overall sales grew 171% on an annual basis to $13.51 billion in its second fiscal quarter, which ended July 30, the company announced Wednesday. Not only is it selling a bunch of AI chips, but they’re more profitable, too: The company’s gross margin expanded over 25 percentage points versus the same quarter last year to 71.2% — incredible for a physical product.
Plus, Nvidia said that it sees demand remaining high through next year and said it has secured increase supply, enabling it to increase the number of chips it has on hand to sell in the coming months.
Not cheap but come buy my chip
The company’s stock rose more than 6% after hours on the news, adding to its remarkable gain of more than 200% this year so far.
It’s clear from Wednesday’s report that Nvidia is profiting more from the AI boom than any other company.
Nvidia reported an incredible $6.7 billion in net income in the quarter, a 422% increase over the same time last year.
And here comes the pump with Stifel analyst Ruben Roy upgrades NVDA from Hold to Buy and raises the price target from $440 to $600.
Sell put
Sell covered call
Investors also await comments from Federal Reserve Chair Jerome Powell from Jackson Hole, Wyoming, on Friday, which Wall Street hopes will provide insight toward the path of benchmark interest rates.
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Listen… We’re in tumultuous times with a lot of uncertainty in the economy. Inflation is still not under control. Interest rates are through the roof and the 10 yr bond is in flux. For ONE company to completely change the trajectory of the stock market is insane. Nvidia is a juggernaut.
Not selling any until $800 to $1000 (depending on how fast it rises)
Because of NVDA all tech stocks are up. Including Palantir 😂
Gonna Buy at the Opening this compagny is so Undervalued
Dropping off soon after the market opens……
I would expect stock split soon !!!!
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