NVDA 130 PUTS FOR EARNINGS NEXT WEEK
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1. Stock Performance: NVDA has seen a significant rally, with its stock price up approximately 159% year-to-date1. This surge is largely driven by strong earnings results and excitement around AI opportunities1.
2. Market Influence: NVIDIA has played a crucial role in the broader market’s recovery, contributing to the S&P 500’s recent gains2. The stock’s performance has been bolstered by positive analyst coverage and bullish momentum in the tech sector1.
3. Earnings and Growth: NVIDIA’s data center business has shown spectacular growth, with first-quarter data center revenue up 427% year-over-year3. The company is scheduled to report its second-quarter earnings later this month, which could further influence its stock price3.
4. Valuation Concerns: Despite the strong performance, some analysts have flagged concerns about the stock being overvalued after its recent 18% drop4.
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