Nvidia (NVDA) Offering Possible 44.93% Return Over the Next 9 Calendar Days

Nvidia's most recent trend suggests a bullish bias. One trading opportunity on Nvidia is a Bull Put Spread using a strike $442.50 short put and a strike $437.50 long put offers a potential 44.93% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $442.50 by expiration. The full premium credit of $1.55 would be kept by the premium seller. The risk of $3.45 would be incurred if the stock dropped below the $437.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Nvidia is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Nvidia is bullish.

The RSI indicator is at 68.95 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Nvidia

Nvidia (NVDA) Stock Sinks As Market Gains: What You Should Know
Mon, 10 Aug 2020 21:45:09 +0000
In the latest trading session, Nvidia (NVDA) closed at $446.60, marking a -1.5% move from the previous day.

NVIDIA Set to Reveal Next-Gen Gaming Chips
Mon, 10 Aug 2020 21:43:00 +0000
NVIDIA (NASDAQ: NVDA) released a short video on Twitter (NYSE: TWTR), using the company's GeForce account, suggesting its newest graphics processing units (GPUs) used for gaming could soon debut. Additionally, NVIDIA updated the cover image on the GeForce Twitter account with additional clues leading to the nearly inescapable conclusion. The eight-second video featured an exploding star, with the hashtag “#UltimateCountdown.”

Nvidia Stock May Get a Lift From Microsoft and Sony
Mon, 10 Aug 2020 19:38:00 +0000
The next generation of videogame consoles could spur gamers to upgrade their systems, creating demand for graphics-processing cards, according to BofA Securities analyst Vivek Arya.

Nvidia Next-Gen Gaming GPUs May Be Revealed in Three Weeks
Mon, 10 Aug 2020 18:57:00 +0000
Nvidia just provided a big hint that gaming GPUs based on its next-gen Ampere architecture will be arriving soon.

Why BofA Has The Street's Highest Nvidia Price Target Ahead Of The Q2 Print
Mon, 10 Aug 2020 14:21:40 +0000
NVIDIA Corporation (NASDAQ: NVDA), which is set to report second-quarter results Aug. 19, has a superior long-term growth profile and a gaming upgrade cycle on the horizon, according to BofA Securities. The Nvidia Analyst: Vivek Arya reiterated a Buy rating on Nvidia shares and raised the price target from $460 to $520.The Nvidia Thesis: Nvidia is likely to report an in-line July quarter, with sales of $3.65 billion — representing 42% year-over-year growth — due to resilient data center demand, Arya said in a Monday note. (See his track record here.)The strength in data center will likely offset softness in the more cyclical auto business and professional visualization business, the analyst said. The October quarter guidance carries some risk on potential cloud inventory digestion, he said.Compared to the double-digit quarter-over-quarter growth for data center over the last four quarters, Arya said he expects a slowdown to 3% growth in the October quarter.Any weakness in cloud digestion could be offset by new product cycles and console ramps, likely driving strong growth in the gaming business, which accounts for about 40-50% of Nvidia's total sales, the analyst said. Just 10% of Nvidia gamers own a GPU on par with the baseline level that will be set once Xbox Series X and PS5 game console launches in the second half of the year, according to BofA.The new consoles could catalyze a major upgrade cycle for Nvidia, either to Turing or next-gen 7nm Ampere, which could be unveiled sometime in the second half of 2020, Arya said. Sifting through monthly Steam GPU survey, the analyst said Nvidia's share of Steam gamers remain solid at 74.3%, and its installed base penetration of Turing grew 123 basis points to 24.7%.NVDA Price Action: Nvidia shares were down 0.24% at $446.91 at last check Monday. Related Links:Nvidia Analysts See Multibillion-Dollar Opportunity In Automated Driving Deal With Mercedes-Benz Nvidia Considering Bid For Arm, A SoftBank-Owned Chipmaker: Report Photo courtesy of Nvidia. Latest Ratings for NVDA DateFirmActionFromTo Jul 2020BarclaysMaintainsOverweight Jul 2020RosenblattMaintainsBuy Jul 2020B of A SecuritiesMaintainsBuy View More Analyst Ratings for NVDA View the Latest Analyst Ratings See more from Benzinga * Why This Nvidia Analyst Says Xilinx Makes More Sense For Graphic Chipmaker's M&A * AMD Analysts Bet On Continuing Momentum Amid Tailwinds, Execution, Intel Missteps * Intel Analysts See End Of 'Computing Dominance' Amid 7nm Node Delay, Competitive Threat(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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