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NVIDIA’s Latest Rip Is Just A “0DTE Momentum Trade” For Now

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NVIDIA

NVIDIA's shares closed at $102.83 price level last Friday, hammered by concerns over peaking margins, the AI demand outlook, and macroeconomic worries. Yet, at the time of writing, the high-beta stock is trading 15 percent higher relative to its closing price on Friday. The cause: reassurances on the demand profile for AI-focused products and supercharged by extremely short-dated call options. As we noted recently, Oracle's latest earnings call has played an important role in brushing aside concerns around the demand outlook for AI products, with the company taking pains to assert that the demand for its data centers is still […]

Read full article at https://wccftech.com/nvidia-latest-rip-is-just-a-0dte-momentum-trade-for-now/

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