What's Going On With Nvidia Stock Friday?


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


Nvidia Corp (NASDAQ:NVDA) stock is trading higher Friday as crucial customer Apple Inc (NASDAQ:AAPL) reported third-quarter EPS of $1.26 on revenue of $81.8 billion driven by solid Service sector growth backed by robust sales of iPhone.

Analysts, on average, estimated EPS of $1.19 on revenue of $81.7 billion for the quarter.

Apple's fiscal third quarter is typically the slowest for the company. Analysts and experts have long credited the iPhones as a leading driver for Nvidia's AI chips.

Meanwhile, Amazon.Com, Inc (NASDAQ:AMZN) clocked in a robust second quarter, sending the broader indexes higher. 

It reported a revenue growth of 11% year-over-year to $134.4 billion, which beat the consensus estimate of $131.54 billion. The EPS of 65 cents beat analyst estimates of 34 cents. 

Amazon acknowledged strength in the cloud, driven by several AI releases.

Also this week, Bank Of America Corp (NYSE:BAC) CEO Brian Moynihan snubbed the recession forecasts about the U.S., citing strength in the jobs market and robust consumer spending.

Broader index ETFs SPDR S&P 500 (NYSE:SPY) and Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) are trading in the green Friday.

Price Actions: NVDA shares traded higher by 1.57% at $452.13 on the last check Friday.


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: NewsTechBriefs