Matt Tuttle sees Nvidia (NVDA) as a strong long-term stock to own but would not trade near its all-time high. He says the market leader needs to deliver a blowout quarter "and then some" in order to impress investors with earnings later in August. That said, Matt calls every dip in Nvidia a "gift." He also calls AMD Inc. (AMD) and Intel (INTC) good alternatives, noting Intel as a stock investors should watch due headlines connecting it to the U.S. government. Tom White offers a bullish and bearish example options trade for Nvidia.