Nvidia options signal nearly $200bn swing after earnings.
Prices for short-term calls and puts imply a 10.6% move in the chipmaker’s shares on Thursday. Source: Bloomberg, HolgerZ
Nvidia : Place Your Bets
Nvidia is expected to report earnings Today after market close. Wall Street consensus for adjusted Q4 EPS is $4.60 a share, up more than 700% from 65 cents a year ago. Q4 revenue is expected to be $20.43 billion. A miss in earnings or lower forward guidance is likely to cause a wave of profit taking in the technology sector and drag the broader market with it. A stronger than expected report could add fuel to upward momentum and draw in more investors who are already experiencing some degree of FOMO from the stock’s dazzling performance. Nvidia stock price is up 46.6% so far in 2024, adding to its 238% gain in 2023. Source : forbes
Get prepared for NVDA earnings ...
First support around 667 (21 day moving). Then 630 and after that the 50 day down around 575. But it could also be a new all-time-highs Source: Refinitiv, TME
Nvidia $NVDA and Super Micro $SMCI accounted for more than $4 of every $10 traded among the top 10 most traded companies on Friday.
Source: Bloomberg, Beth Kindig
Nvidia’s $NVDA February rally to the $720+ range has taken the stock above the average target price estimate, which sits at just under $700.
"Money time" is on Wednesday (earnings results)... Source: Bloomberg
On Wednesday, Nvidia, $NVDA, will report their Q4 2023 earnings results.
Since their last earnings report, on November 21st, the stock has gained an incredible 45% in value. Over these 3 months, the stock has added $600 BILLION in market cap. In other words, Nvidia has added an average of $10 billion PER TRADING DAY since their last earnings report. Can Nvidia continue its historic run? Source: The Kobeissi Letter
There seems to be no stopping Nvidia's scorching rally.
The day after surpassing the market value of Amazon, the chip giant has now overtaken Alphabet as well. Nvidia's stock has climbed ~49% YTD and added some $602bn in value, BBG has calculated. source : holgerz
NVIDIA is now bigger than the entire energy sector.
This makes sense because one is needed to get through everyday life. Source: Bloomberg
