20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Nvidia Corp (NASDAQ:NVDA) stock is trading higher Monday amid reports that the U.S.'s fresh artificial intelligence technology sanctions on China are not affecting the chip designer's short-term revenue.
Analysts say China represented 20% - 25% of Nvidia's data center revenues.
CNBC's Jim Cramer remains bullish on Nvidia's prospects courtesy of increasing demand from the likes of Google parent Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) and Microsoft Corp (NASDAQ:MSFT).
The stock price movement also reflects the chip designer partnering with MediaTek and utilizing the 2.5D packaging technology from CoWoS for its first processors, intensifying rivalry with Apple Inc (NASDAQ:AAPL) and Intel Corp (NASDAQ:INTC).
Meanwhile, the U.S. government released its executive order on safe, secure, and trustworthy AI for consumers, workers, and more.
The President's Executive Order introduces comprehensive measures to ensure AI safety and security, requiring developers of influential AI systems to share safety test results with the U.S. government.
The order mandates notification and sharing red-team safety test results for foundation models posing significant risks.
It establishes rigorous standards for AI system safety, introduces new standards for biological synthesis screening to prevent AI-enabled engineering of dangerous natural materials, and sets guidelines for detecting AI-generated content to protect against fraud and deception. The order also emphasizes protecting Americans' privacy, advancing equity and civil rights, supporting workers, promoting innovation and competition, advancing American leadership abroad, and ensuring responsible government use of AI.
Price Action: NVDA shares traded higher by 0.94% at $408.80 premarket on the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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