NVDA Oct 2024 46.000 call
| Previous close | 74.90 |
| Open | 74.90 |
| Bid | 76.25 |
| Ask | 76.80 |
| Strike | 46.00 |
| Expiry date | 2024-10-18 |
| Day's range | 74.90 - 74.90 |
| Contract range | N/A |
| Volume | |
| Open interest | 347 |
- Yahoo Finance Video
Why investors shouldn't 'give up' on the Mag 7
The rotation out of Big Tech has become evident, with the standout 'Magnificent Seven" (AAPL, TSLA, GOOG, GOOGL, AMZN, META, MSFT, NVDA) names no longer being the market (^GSPC,^IXIC,^DJI) forerunners they once were. Roundhill Investments CEO Dave Mazza joins Morning Brief to discuss the dynamics of the Magnificent Seven. Mazza notes that the Magnificent Seven's market leadership "hit an abrupt stop" in mid-July, fueled by the unwinding of the Yen carry trade. While Meta has been the only name to somewhat recover, Mazza believes "it's too early to give up" on the Magnificent Seven. "While we don't expect them to continue to see just outsized performance, it's tough to see the market continue to grind higher without their participation. I think a broadening is good, but I actually want these leaders to be able to participate at the same time," he explains. Regarding the Magnificent Seven as a whole, Mazza explains they were coined that name because they were all performing at the same rate and outperforming the rest of the markets with a strong lead. However as that trend has begun to waver, Mazza identifies Tesla as the most concerning among the names. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Investor's Business DailyOpenAI Adds SoftBank, Nvidia As Investors, With AI Model Battle Heating Up
Generative artificial intelligence leader OpenAI has raised $6.6 billion in new funding, valuing the startup at $157 billion. New investors include SoftBank and Nvidia.
Investor's Business DailyNvidia Leaps, Follows Microsoft, Tesla's Musk With $100 Mil. Stake In ChatGPT Maker; Is Nvidia A Buy Now?
Nvidia rebounded nearly 4% Thursday morning, a day after the stock found support at the 50-day moving average. According to the Wall Street Journal, Nvidia will have the option of withdrawing its investment if OpenAI does not convert to a for-profit company in two years. The stock fell 2% on Friday after reports from Barron's that China was trying to boost local AI chip makers and urging local companies to avoid Nvidia chips.
