Nvidia (NVDA) Named 'Best Idea' For 2023

Nvidia (NVDA) is "best idea" for 2023, according to Cowen. Alex Coffey and Jenny Horne discuss NVDA as Cowen has outperform rating on shares. They talk about how NVDA had a rough year, but is on the rebound. They note that after NVDA's short-term asset repricing, it's time for a comeback. They also go over how we are starting to see the game market and the chip market normalize and the impact that has on NVDA. Alex then demonstrates an example trade using NVDA. The trade type trade is a buy a call calendar and the direction is bullish. Tune in to find out more about the stock market today.