Nvidia Decline to a Five-Month Low Is Day’s Biggest Options Bet
Worries about Nvidia's growth outlook pushed shares to a three-week low on Thursday, as an investor bet on a deeper slide in the stock price. The chipmaker delivered good-but-not-great quarterly numbers, disappointing investors accustomed to blowout results. This weakness was exacerbated by a bearish options wager, which increased put volume to more than two times its average reading.
- This significant options trade may signal that some investors are preparing for a potential downturn in Nvidia's stock price, potentially affecting the broader technology sector.
- How will this bearish sentiment impact Nvidia's ability to maintain its dominant position in the AI and graphics processing markets?