
$ALAB is experiencing increased trading activity and positive momentum ahead of NVIDIA's earnings report, scheduled for Wednesday. The stock has recently surpassed its five-day moving average, with notable volume in $100 strike calls, exceeding 1,700 contracts. Traders are optimistic, with predictions suggesting that $ALAB could reach between $110 and $120 before the end of the year. However, there are concerns raised by Briley Research, which indicated that $ALAB might face challenges from NVIDIA, potentially being replaced by Eoptolink, a factor that has also negatively impacted $FN. As of the latest trading session, $ALAB continues to show signs of a breakout.
$ALAB into the close https://t.co/3MFDSSxH3j
$ALAB Breakout continues https://t.co/OHzGr6XjZj
$ALAB - negative call - Briley saying that ALAB could eliminated by Nvida and replaced by Eoptolink - this has $FN down also