Investors are buzzing with anticipation as call volumes targeting the $500 strike price for NVIDIA shares remain high. The elevated volumes are seen in both weekly and monthly options, indicating strong interest from traders.
Several developments have contributed to the surge in NVIDIA’s stock. First, the tech giant is expected to announce its highly anticipated GeForce RTX 40 SUPER GPUs at a “Special Address” ahead of the CES 2024 event. The introduction of these SUPER variants may give NVIDIA an edge over its competitor AMD, potentially affecting AMD’s market advantage.
Furthermore, Reuters reports that NVIDIA is planning to release a China-focused AI chip in the second quarter of 2024. This move aims to mitigate the impact of the expanded US export controls that limit China’s access to advanced AI technology. However, concerns remain among Chinese companies about potential future export control restrictions on NVIDIA’s offerings, prompting some to seek alternatives like Huawei’s AI chips.
In addition, NVIDIA is working on a China-specific version of the RTX 4090 GPU, known as the RTX 4090 D. Although the chip will have a reduced design, it is expected to deliver faster performance compared to the GeForce RTX 4080 SUPER.
These developments have sparked excitement among investors, propelling NVIDIA’s shares to reach a new intraday high. The company’s ability to navigate export control restrictions and deliver competitive products in the AI and GPU market will be closely watched by investors and industry observers alike.
As the market eagerly awaits NVIDIA’s upcoming announcements, the call volumes on the stock suggest that investors are optimistic about the company’s future prospects.
The source of the article is from the blog elperiodicodearanjuez.es