Nvidia: How options traders are betting on chipmaker's stock
02/21/2024 05:18
As Nvidia (NVDA) shares move lower ahead of its earnings report on Wednesday, options traders are becoming increasingly bullish on the chipmaker's stock. Yahoo Finance Senior Reporter Jared Blikre breaks down forecasts surrounding Nvidia, taking into consideration the company's market cap gains. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.

The Wall Street Journal
Nvidia’s Market Cap Was off $78 Billion Today
Shares of Nvidia fell more than 4% Tuesday, shedding more market value than on any other day in its history. + The high-flying chip stock ended the day off $78 billion in market cap, according to Dow Jones Market Data, to about $1.


Reuters
Marketmind: Chips off the table ahead of Nvidia
A fairly heavy sprinkling of Asian economic data and an interest rate decision in Indonesia dominate the regional calendar on Wednesday, as investors digest another uptick in Chinese stocks and brace for Nvidia's fourth quarter earnings report. The 4.4% drop in Nvidia's shares was the biggest fall since October, and the Nasdaq lost 1%. In Asia, stock markets in Hong Kong, China and Taiwan will be particularly sensitive to the results.

Bloomberg
Stocks Fall Before Nvidia’s Make-or-Break Moment: Markets Wrap
(Bloomberg) -- Big tech dragged the stock market away from its all-time highs, with Wall Street awaiting Nvidia Corp.’s earnings on Wednesday for confirmation the chipmaker can meet the lofty expectations set by the artificial-intelligence boom. Most Read from BloombergCapital One to Buy Discover for $35 Billion in Year's Biggest Deal Largest Covid Vaccine Study Yet Finds Links to Health ConditionsYour 401(k) Will Be Gone Within a DecadeStocks Fall Before Nvidia’s Make-or-Break Moment: Markets W

Bloomberg
Palo Alto Networks Plunges After Cutting Revenue Forecast
(Bloomberg) -- Cybersecurity company Palo Alto Networks Inc. tumbled in late trading after cutting its revenue forecast for the year, sparking concerns that customers are reining in tech spending. Most Read from BloombergCapital One to Buy Discover for $35 Billion in Year's Biggest Deal Largest Covid Vaccine Study Yet Finds Links to Health ConditionsYour 401(k) Will Be Gone Within a DecadeStocks Fall Before Nvidia’s Make-or-Break Moment: Markets WrapAmazon Deserves to Be Called Out for Swindling

Reuters
FuboTV files antitrust lawsuit to block Disney, Fox, Warner sports streaming deal
(Reuters) -Sports-focused streaming service FuboTV said on Tuesday it has filed an antitrust lawsuit against Walt Disney, Fox and Warner Bros Discovery over a planned sports streaming platform by the companies. Fubo alleges in a statement that the media companies have engaged in a "years-long campaign" to block the sports streaming service's growth by engaging in anti-competitive practices. The recently sports streaming joint-venture "steals Fubo's playbook" it said, and is "the latest example of this campaign."

Benzinga
'Who In The World Left You $50 Million' — Dave Ramsey Shocked By Massive Inheritance
Everyone dreams of falling into a lump sum of money, but for most people, it's nothing more than that: a dream. But for Ken from Sacramento, California, things are a bit different. He inherited $50 million from his parents and called into the Dave Ramsey Show for advice on what to do with the money. After getting over the initial shock and asking some questions, Ramsey began to provide advice. Don't Miss: If the average American household is a millionaire, why do people feel so broke? Average re