6 Articles
6 Articles
STOCK MARKET: Nvidia’s $6-trillion milestone looms. Here’s when options traders see it happening
There’s a simple reason the Nasdaq-100 Index closed at new records Friday: the world’s biggest company notched its first record since May. Nvidia, which accounts for 13% of the Nasdaq and 8% of the S&P 500 Index, added 1.3% Friday, ending seven weeks of sideways trading surrounding a high-stakes meeting between the President and corporate executives leading “Super Intelligence.” The rally puts the value of Jensen Huang’s semiconductor business…
According to CNBC, Nvidia's options point to 50% chance of the company reaching $6 trillion by the end of this month and 67% by December 18
On Friday, AI giant Nvidia rose 1.3 percent, giving the world's largest company a market value of $5.65 trillion, or nearly $57 trillion. According to options trading, the $6 trillion mark could be crossed very soon.
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