Nvidia's (NVDA) Pricing Power On A.I. Chips "Shocked" HSBC

HSBC is "shocked" by Nvidia's (NVDA) pricing power on A.I. chips. Alex Coffey and Jenny Horne discuss NVDA, as it was upgraded to buy from reduce by HSBC. They talk about how HSBC NVDA sees A.I. driving earnings to the upside and a higher valuation. HSBC also raised NVDA's price target to $355 from $175. Alex and Jenny then compare NVDA to Intel (INTC) which has seen an increase in interest recently due to A.I. Alex then demonstrates an example trade using NVDA. The trade type is buy call butterfly and the direction is bullish. Tune in to find out more about the stock market today.