Nvidia (NVDA) has seen significant activity in the stock market, with its shares rising to a near three-week high, up 3.2% on July 8, 2024, and continuing to climb on July 9, 2024. The stock is trading above $130 per share, a notable recovery from its previous levels, consolidating its 1000% gains off the October 2022 bottom. The surge in Nvidia's stock price is attributed to large buyers of weekly deep in-the-money $100 calls, priced between $28.40 and $29.50, and a general bullish sentiment among investors. Additionally, Nvidia has dethroned Tesla as the single-stock ETF king with a 400% rally. The company's stock is also benefiting from increased call activity and positive market sentiment following price target hikes by KeyBanc.