Nvidia Corporation (NVDA) has experienced a significant surge in its stock value, rising 6.2% today alone and 16% over the week. This increase has added approximately $320 billion to its market cap, pushing the stock price from a recent low of $756 to over $880 in just 5 trading days, marking a 17% increase from its low. The stock's remarkable performance is also reflected in the trading volume, with a notable amount of call options for June being purchased today. This bullish trend in Nvidia's stock is part of a broader market movement, with similar trading patterns observed in other technology stocks.
Sources
The Kobeissi Letter
This is absolutely insane: Nvidia stock, $NVDA, is now up a massive 17% from its low just 5 trading days ago. The stock has jumped from a low of $756 to $880+, adding ~$320 BILLION in market cap. This week alone, Nvidia has added market cap equivalent to the entire value of… https://t.co/NEZFsGQvcy
Cheddar Flow $NVDA Millions worth of even more calls 😳 Look at all of the volume for those June contracts just from today👇 https://t.co/CBvxWA3uuc
Hedge$SMH - got to 218 - looks like one more Monday push to ~220 Have to look retrace there $AVGO $NVDA $TSLA https://t.co/4abHp9Zp4E