NVDA earnings play
Posted: May 08, 2024
- Stock: NVDA (Nvidia) - Last two earnings releases saw NVDA dropping significantly in value - CPI forecasts have been off by .1% for the last 4 prints - A hot CPI may cause market downturn - Fed's Kashkari indicated a possible rate hike - Plan to buy NVDA when the dip happens, potentially below 820
Summarized top reddit comments: - Shorting NVDA is suggested by one user - Consider buying PUT options on NVDA - Jpows reassurance of no rate hikes this year supports NVDA's potential growth - Calls may not be the best option in the current market - Earnings report may not guarantee a rise in NVDA stock - Potential for NVDA to go down before or after earnings - WW3 could impact NVDA stock - Consider buying calls on NVDA on a dip
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