To The Moon

Shares of the AI darling are up a staggering 267% over the last 12 months and 79% year to date. Tech companies across the world covet its graphics cards like rare jewels and CEO Jensen Huang is as in-demand as some heads of state.

* Nvidia is set to kick off its annual GPU technology conference (GTC) with workshops on Sunday and a keynote address by founder and CEO Jensen Huang on Monday.

* Industry leaders including OpenAI, Microsoft, Amazon, and Google, among others will take part in GTC, which could shed more light on Nvidia's artificial intelligence (AI) initiatives and partnerships.

* Nvidia is expected to provide details on the B100 Blackwell that could be its most capable AI GPU yet, such as pricing, performance, and demand.

* The chip maker could also provide further insights about its sovereign AI initiatives as data sharing has been brought into the spotlight as the U.S. government looks at China's ByteDance and TikTok.

The AI revolution is here

And on Monday, March 18, he’ll kick off Nvidia’s annual GTC conference with a two-hour keynote at the SAP Center in San Jose, Calif., outlining what’s ahead for the company in the year ahead. In prior years, Nvidia has used the show to debut some of its biggest products.

Nvidia is widely expected to debut Hopper and the H100’s successors, kicking off what could be a new rush on the company’s products. The new architecture, codenamed Blackwell, and GPU, dubbed the B100, are anticipated to offer far better performance when it comes to running models like OpenAI’s GPT-3.

Nvidia isn’t exactly hiding its plans for the B100. During the Supercomputer 2023 conference, the company showed off a slide outlining the GPU’s potential capabilities compared to the H100 and H200 cards.

Need to look back 6 years later! 😅

Nvidia could also announce that it will begin producing its H20 AI chip for the Chinese market. The chip, according to Reuters, is meant to serve as an alternative to Nvidia’s more powerful H100 and H200 chips. The US prohibits Nvidia from selling those chips to Chinese customers for fear that the Chinese military and government will use them to develop advanced AI applications to rival the US's.

Some 300 exhibitors are set to take part in the conference and speakers ranging from OpenAI’s COO Brad Lightcap and Meta’s vice president of AI research Joelle Pineau to Microsoft’s vice president of generative AI Sébastien Bubeck set to make appearances at the show.

Buy calls, Credit spread or Sell puts?

⚠️ Trading tips for those interested to ride the AI revolution with Nvdia before the impending stock split news. Not financial advice! 😉

1. Conservatives: Bull put spread - buy 730 put / sell 740 put, expiring 28 March for $90 premium per con. Exit at 750 only if there’s any dip from selling the news.

Exit at 750, tough to lose?

2. Aggressive: Buy call breaking the yellow resistance line from chart above, likely before the event anticipating a pent up demand from investors for a fast trade.

3. Opportunists: Wait for the dip to buy the shares or sell put option with 0.2 delta for 2 weeks expiration. April is a strong month by the way 😉

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