Nvidia Corp. (NVDA) shares have shown strong performance, reaching highs above $141 amid increased market activity. The stock rose approximately 1.5% early in the trading session, recovering to around $140. Market analysts note that the expiration of significant call gamma positions following Nvidia's recent earnings report may have removed previous resistance at the $140 level, potentially allowing for further gains. Jefferies has added Nvidia to its franchise picks list, highlighting the company as the dominant supplier of AI accelerators in the rapidly expanding data center industry driven by AI development and adoption. Additionally, shares of Curve (CRWV) surged by 12%, with notable options activity including large sales of June $130 puts. Nvidia's performance is also seen in the context of expectations for a strong earnings report from Broadcom (AVGO), which could further support Nvidia's upward momentum.
$NVDA leading the pack https://t.co/kPGPG8PBUR
$NVDA strong still to highs here now over 141 with $CRWV surging +12% and they are sold to open June $130 puts in size on CRWV this morning.. wow
$NVDA strong early to highs +1.5% back to 140, saw alot of call gamma expire last Friday after earnings that was keeping a lid on it at 140, could actually break higher now if $AVGO has strong report