Previous close | 238.80 |
Open | 238.30 |
Bid | 202.25 |
Ask | 207.00 |
Strike | 1,260.00 |
Expiry date | 2024-11-15 |
Day's range | 238.30 - 238.80 |
Contract range | N/A |
Volume | |
Open interest | 5 |
Shares of Nvidia (NVDA) are soaring on Monday following the company's announcement of new AI chips, sparking optimism among investors and analysts. In a bullish move, Bank of America analysts have raised their price target on the chipmaker to $1,500, up from the previous target of $1,320. Yahoo Finance's Seana Smith and Madison Mills break down the details, providing insight into the intensifying competition as AMD (AMD) unveiled its own AI chip. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
Not everything is looking great within the record-setting Nasdaq.
Nvidia rose on the first trading day in June, close to the all-time high of 1158.19 while a 10-for-1 stock split will become effective Friday. On Friday, shares fell even though Dell's Chief Operating Officer Jeffrey Clarke made note of Nvidia's dominance in the artificial intelligence server market. On Tuesday, Nvidia shares soared above the 1,100 level for the first time after Tesla CEO Elon Musk indicated the AI chip leader would be a supplier for his AI startup xAI.