NVIDIA Provides 86% Potential Profit in 1 Hour!

Patience to Buy – Quick to Sell

Members of “Weekly Options USA,” Using A Weekly CALL Option,
Make Potential Profit Of 86%,
Based On The Race To Build Up Generative Artificial-Intelligence Capabilities.

where to now?
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Nvidia announced a wide-ranging portfolio of products to address the burgeoning AI market. Those products included new graphics processing units, data center hardware, AI software models and AI as a service.

This set the scene for Weekly Options USA Members to profit by 86%, using a NVIDIA Weekly Options trade!

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Sunday, April 02, 2023

by Ian Harvey

Why the Profit on NVIDIA Weekly Options?

The chip maker’s market value has now surpassed that of Tesla and Facebook-parent Meta Platforms and is close to eclipsing Berkshire Hathaway—all much larger companies in terms of annual revenue.

Bernstein Research also rates Nvidia as one of the most crowded stocks in the chip sector, and one of only two to remain in the most crowded decile over the past two months, according to Ann Larson, director of quantitative research for the firm.

The NVIDIA Weekly Options Trade Explained.....

Obviously the results will vary from trader to trader depending on entry cost and exit price that was undertaken.

The Trade: Buy NVDA APR 06 2023 280.000 CALLS - price at last close was $4.50 - adjust accordingly.

.....PATIENCE TO BUY.....

Entered the NVDIA Weekly Options (CALL) Trade on Thursday, March 23, 2023 at 10:22 for $4.35.

.....QUICK TO SELL.....

Sold the NVIDIA weekly options contracts on Thursday, March 23, 2023 at 11:24 for $8.10; a potential profit of 86%.

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The Actual Recommended Trade for NVDIA.....
(READ HERE)

NVIDIA Corporation (NASDAQ:NVDA) is poised to reap significant near-term benefits from the race to build up generative artificial-intelligence capabilities.

On Tuesday, Nvidia announced a wide-ranging portfolio of products to address the burgeoning AI market. Those products included new graphics processing units, data center hardware, AI software models and AI as a service.

At Nvidia's GTC conference, Chief Executive Jensen Huang said the company's move into AI software and services marked its largest-ever business model expansion.

Wall Street analysts on Wednesday praised Nvidia's approach to artificial intelligence, as it moves from chips and computer hardware deeper into software and services. NVDA stock continued its ascent on the news.

Those announcements were mainly technical in nature but nonetheless impressed Wall Street. Matt Ramsay of TD Cowen characterized the event as showing "the runaway leader in AI broadening aperture further," while Mark Lipacis of Jefferies said the developments further Nvidia’s position as "the de-facto standard for AI and generative AI applications," in a note to clients. Nvidia also held an analyst meeting after Tuesday’s closing bell, where Chief Financial Officer Colette Kress said the company is seeing "more and more demand" from its major cloud customers, even compared with the strong outlook it gave in its last earnings call a month ago.

Lipacis reiterated his buy rating and price target of $300 on NVDA stock after the event.

"Nvidia continues to transform the business model with broad new sources of recurring software/services revenue — a message that should resonate well with investors even after this rally," UBS analyst Timothy Arcuri said in a note to clients.

Arcuri rates NVDA stock as buy with a price target of 270. But Arcuri said he is reviewing his price target.

At least eight Wall Street analysts raised their price targets on NVDA stock after Nvidia's presentation.

At GTC, Nvidia discussed AI initiatives with companies in multiple industries.

In health care, Nvidia is working with firms like medical products giant Medtronic (MDT) and biotech leader Amgen (AMGN). Further, it has automotive projects with China's BYD (BYDDF) and Europe's BMW (BMWYY).

In telecom, AT&T (T) has adopted Nvidia AI technologies to improve its operations. Meanwhile, in semiconductors, it is developing computational lithography advancements with ASML (ASML), TSMC (TSM) and Synopsys (SNPS).

Credit Suisse analyst Chris Caso maintained his outperform rating on NVDA stock after the presentation.

"Nvidia has been our top pick precisely because we think AI is the most transformative trend affecting semiconductors now, and Nvidia is the leader with a strong competitive moat," Caso said in a note.

Nvidia’s share price has more than doubled over the past six months. That makes it the best performing stock in the entire S&P 500 in that time.

The bulk of Nvidia’s gains have come in the past three months, as the public launch of the AI-powered chatbot called ChatGPT in late November sparked a new wave of enthusiasm for so-called generative AI, and how it could revolutionize services like internet search, product design, writing and programming. The new technology requires intense computing power in data centers, where Nvidia has already built up a large-and-growing business for its graphics processors and software designed for AI applications. The company made a slew of announcements Tuesday as part of its annual GTC developers conference that focused mostly on the generative AI opportunities.

The chip maker’s market value has now surpassed that of Tesla and Facebook-parent Meta Platforms and is close to eclipsing Berkshire Hathaway—all much larger companies in terms of annual revenue. Bernstein Research also rates Nvidia as one of the most crowded stocks in the chip sector, and one of only two to remain in the most crowded decile over the past two months, according to Ann Larson, director of quantitative research for the firm.

Therefore…..

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