NVIDIA Options Traders See Stock Rising Further Through Friday Amid AI Optimism – NVIDIA (NASDAQ:NVDA)
NVIDIA Corporation NVDA shares climbed on Wednesday as the stock continued to surge amid artificial intelligence (AI) optimism.
On CNBC’s “Options Action,” Ambrus Group’s Kris Sidial said people are piling in and buying NVIDIA’s calls amid the AI hype.
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Traders expect Nvidia’s stock continuing to move higher through Friday.
NVIDIA shares have almost tripled year-to-date, also gaining over 48% over the past month.
The excitement surrounding AI is not without pause. Jim Cramer, for example, has been sounding the alarm and comparing the burgeoning tech to Adolf Hitler.
“The machines” pose the biggest threat to democracy in ages, and could “set off something horrible,” he said earlier this week.
Price Action: NVIDIA shares gained 4.8% to close at $429.97 on Wednesday.
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