Nvidia dumps: a big signal or just an options vol crush? Also, a rare earth rabbit hole.
Résumé: Today, a look at the market punishing Nvidia shares, and many other AI hardware-related stocks in Thursday's session - was this mostly about options-related flow or red flag related to long term growth concerns? Also, a look at other names with big moves, including Block ripping higher on announcing plans to fire 40% of its workforce due to AI productivity gains. Elsewhere, some thoughts on macro and FX and SMC goes down a rare earth rabbit hole on one of the rarest of all elements as well as the future of memory, a key hardware tech space to watch. Today's pod is hosted by Saxo Global Head of Macro Strategy John J. Hardy.
Listen to the full episode now or follow the Saxo Market Call on your favorite podcast app.
Questions and comments, please!
We invite you to send any questions and comments you might have for the podcast team. Whether feedback on the show's content, questions about specific topics, or requests for more focus on a given market area in an upcoming podcast, please get in touch at marketcall@saxobank.com.This content is marketing material and should not be considered investment advice. Trading financial instruments carries risks and historic performance is not a guarantee for future performance.
The instrument(s) mentioned in this content may be issued by a partner, from which Saxo receives promotion, payment or retrocessions. While Saxo receives compensation from these partnerships, all content is conducted with the intention of providing clients with valuable options and information.