Alright so we talked about Nvidia yesterday and now we know the result, revenue growth slowing and a minor decrease in gross profit margins. Revenue was a record $35.1Bn which was a massive 94% YoY number. That number doesn’t paint the full picture however as investors are concerned about supply constraints, competition and gross margin pressures. The stock hasn’t seen much action today and the range is $140 to $153 and currently +$1 near $147:
In option land the Calls and Puts are getting vaporized as all the Vol gets stripped out, lets just say a close at $145 or below will be optimal for the market makers tomorrow!!!
