HomeTechHardwareNvidia (NVDA) Is Empowering The AI Revolution

Nvidia (NVDA) Is Empowering The AI Revolution

Nvidia (NVDA) is empowering the AI revolution, notes Ivan Feinseth. he discusses NVDA as its earnings are to be released today, postmarket. Its adjusted EPS is estimated at $2.09 and revenue is estimated at $11.17B. Ivan talks about how every company is going to use AI to create value, and a lot of companies are incorporating NVDA chips, such as Alphabet (GOOGL) and Cisco (CSCO). He goes over how he's not that concerned about net profitability currently as he thinks we'll get an increase overall. NVDA is up over 212% year-to-date. He then questions if NVDA can backup last quarter's huge earnings beat. Tom White joins to demonstrate example trades using NVDA. The first is a call vertical and the direction is bullish and the second is a cash secured put and the direction is neutral to bullish. Tune in to find out more about the stock market today.

Morning Trade Live

23 Aug 2023

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