DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Download on the App Store
Screenshot of DeepNewz app showing story detail view.
Feb 26, 07:55 PM
Nvidia Options Bets Top $20 Billion in AI Boom, Outpacing Tech Giants
Economics
Business

Nvidia Options Bets Top $20 Billion in AI Boom, Outpacing Tech Giants

Authors
  • Reuters
  • Evan
  • Jesse Felder
6

Over the past week, traders have poured more than $20 BILLION into stock-options bets on Nvidia, significantly outpacing investments in other major tech firms like Tesla, Meta Platforms, Microsoft, Apple, Amazon, and Alphabet combined. This fervor for Nvidia, part of the 'Magnificent 7', eclipses even popular trades in Super Micro $SMCI, Palo Alto $PANW, and AMD $AMD. Nvidia's options trading now represents $0.25 of every $1 traded in the U.S. single-stock options market over the last month, driven by anticipation of its Q4 results and the booming interest in AI technology.

Written with ChatGPT (GPT-4).

Additional media

Image #1 for story nvidia-options-bets-top-20-billion-ai-boom-outpacing-tech