After meeting with management, Oppenheimer analyst Rick Schafer notes that AI accelerator attach remains below 5%, but expects this to "rise materially" in the years ahead as the proliferation of neural networks continues. The analyst sees Nvidia's share of the training market at 100%, and sees few challenges to its training dominance on the horizon. He also expects TensorRT4 to quickly gain share and sees topline reaccelerating to 20%-plus growth as hyperscaler spending picks back up. Schafer reiterates an Outperform rating and $190 price target on the shares.

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.

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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