27% profit every 20 days?
This is what Nic Chahine averages with his option 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.
The latest feud isn't pitting two Hollywood celebrates against each other, rather two high profiled tech executives. NVIDIA Corporation (NASDAQ:NVDA)'s CEO Jen-Hsuan Huang published a dual-purpose blog post: First, document the company's advances in artificial intelligence (AI), and second, refute a report from Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL)'s Google unit, in which it claimed to hold a leadership position in AI processing power.
According to analysts at Argus, Google's leadership claim in the AI space and Nvidia's response clearly demonstrate the "heightened interest" in tensor processing and the growing market for AI and machine learning technologies. Also, the rise in AI and hyperscale data centers will transform future data centers, which bodes well for GPU companies like Nvidia and Advanced Micro Devices, Inc. (NASDAQ:AMD) but also carries "major risks" for legacy CPU companies like Intel Corporation (NASDAQ:INTC).
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Significant Upside To Nvidia Stock
The analysts at Argus argued there is room for "significant" appreciation in Nvidia's stock despite a notable pullback from the stock's all-time high of $120.92 to below the $100 per share mark.The analysts highlighted Nvidia's push into markets beyond gaming and the company has even defied the "law of large numbers" in which it is "growing faster as it has gotten bigger."
Shares of Nvidia remain Buy rated with an unchanged $130 price target.
27% profit every 20 days?
This is what Nic Chahine averages with his option 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.