Following an Asian trip to check on semiconductor markets, BlueFin analyst Paul Peterson said his current reads indicate that cryptocurrency market demand remains weak, but this is "not the only thing plaguing the graphics card market." Gamer demand also appears relatively muted, said Peterson, who tells investors in his note that checks indicate GPU card sales dropped by more than 50% in the North America and Europe retail channels. The analyst, who has heard that Nvidia (NVDA) is pressuring retailers to drop their prices, said his work shows graphics card prices have dropped sharply. However, while crypto demand is still weak and overall graphics card sales are sluggish, he thinks data center momentum will be the primary driver for AMD (AMD) and Nvidia stocks in the near-term. Shares of Nvidia are down about 1% to $248.92 in early trading, while AMD has also declined about 1%.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Microsoft (MSFT) is scheduled to report results of the third quarter of its fiscal year 2024 after the market close on Thursday, April 25, with a conference call scheduled for 5:30 pm ET. What to watch... To see the rest of the story go to thefly.com. See Story Here

Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSAudioEye (AEYE) up... To see the rest of the story go to thefly.com. See Story Here

Friday's total option volume of 56.7 million contracts resulted in net open interest growth of 6.01 million calls and 5.28 million puts. NVIDIA (NVDA), Tesla (TSLA), Apple (AAPL) and Advanced Micro Devices (AMD) saw the greatest growth. Top five new positions opened include 50k Lyft (LYFT) May-24 20 calls, 44k Energy Transfer (ET) 4/26 weekly 16.5 calls, 43k Las Vegas Sands (LVS) Sep-24 41 calls, 23k Tesla (TSLA) 4/26 weekly 162.5 calls and 21k Papa John's (PZZA) Jun-24 57.5 puts.

SoftBank (SFTBY) is planning to spend Y150B, or $960M, by 2025 to boost the number crunching power at its computing facilities to develop world-class generative artificial intelligence, Nikkei Asia's staff writers report, citing sources. The company's computing power is likely to be among the highest in Japan once the investment is complete and graphics processing units will be bought from Nvidia (NVDA). Reference Link