Nvidia outlook calms nervous investors, shares rise 5%
Head of Equity Strategy
Summary: Shares in the US-based graphics technology company rose by as much as 9-3% yesterday before closing with a still-decent 5% gain. But will the market reflect Nvidia's own confidence in its prospects and send the share back to its highs in Friday's session?
Slide used on the February 14 Saxo Bank Morning Call:
As of the last traded price in the after-market session our long strangle position is out of the money. When the shares start trading later today the key take is to gauge the direction. Key is for the shares to quickly try to regain the highest prices from the after-market session. If shares fail to this and the shares look weak on the demand side then close the position (even with a small loss).
Nvidia’s share price the past two days including after-market trading:
Nvidia weekly share price the past five years: