Call volumes targeting the $500 strike price of NVIDIA shares have surged, capturing the attention of investors. The elevated volumes are seen in both weekly and monthly options, indicating increased interest in the stock.
In addition to the surge in call volumes, NVIDIA shares have also reached a new intraday high on the back of several key developments. The company is expected to unveil its new GeForce RTX 40 SUPER GPUs at a “Special Address” before the CES 2024 event, potentially posing a competitive threat to AMD’s RDNA graphic cards.
Furthermore, Reuters has reported that NVIDIA could launch its China-focused AI chip in the second quarter of 2024. This move aims to mitigate the impact of expanded US export controls on China’s AI sector. These export controls have prevented NVIDIA from selling its advanced A100 and H100 GPUs in China. However, some Chinese companies remain hesitant to purchase NVIDIA’s latest offering due to concerns about falling under the US export controls.
In response to these challenges, NVIDIA is also working on a China-focused variant of the 4090 GPU, known as the RTX 4090 D. This variant will offer faster performance than the GeForce RTX 4080 SUPER while complying with export restrictions.
The surge in call volumes and the positive developments in NVIDIA’s product offerings have contributed to the stock’s record highs. Investors are closely watching the company’s upcoming announcements and China-focused initiatives as potential catalysts for future growth.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. The author does not have a position in any of the stocks mentioned.
The source of the article is from the blog bitperfect.pe