BofA/Merrill analyst Vivek Arya NVIDIA's fundamentals remain solid, despite the recent pullback from recent highs, saying the Ti gaming card sold out in seasonally soft period despite a premium price-point, Pascal gamecard penetration will benefit from installed base refresh and an expected increase in gaming laptops, reports indicate Nintendo plans to double Switch console units versus original plan, adding $320-$400M in incremental revenue this year, and announcements with Paccar, Bosch, Audi and others suggest NVIDIA will capture $2-$3B in revenues over the next 3-4 years. Arya rates NVIDIA a Buy with a $125 price target and a top largecap pick.

Notable profits for the buyer who lifted the $28.91 offer for 2,012 NVIDIA (NVDA) May-24 820 calls yesterday at 09:39ET when underlying shares were trading at $793.05. Shares closed at $826.32, and the calls at $41.12 for a mark-to-market profit of 42%, or $2457K, on the $5816K outlay.

As previously reported, Erste Group downgraded AMD (AMD) to Hold from Buy. The valuation is "significantly higher than the P/E ratio of the peer group," as well as compared to "much stronger competitor" Nvidia (NVDA), the analyst tells investors. The firm adds that upside potential for AMD "appears limited at present."

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

Wednesday's total option volume of 42.3 million contracts resulted in net open interest growth of 4.78 million calls and 3.88 million puts. Tesla (TSLA), Meta Platforms (Facebook) (META), Ford (F) and NVIDIA (NVDA) saw the greatest growth. Top five new positions opened include 42k Tesla (TSLA) Aug-24 185 calls, 35k Taiwan Semi (TSM) Aug-24 110 calls, 30k Capri Holdings (CPRI) May-24 35 calls, 29k Ford (F) 4/26 weekly 13.5 calls and 26k Tesla (TSLA) 5/3 weekly 75 puts.

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