News Formal

Explosive trading in Nvidia options could be dictating the whole stock market

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 72%

Microsoft Corp News

Apple Inc,Jensen Huang,NVIDIA Corp

Some believe the wild price action in Nvidia has been triggered by an explosion of short-term options trading.

Nvidia 's wild price swings are having a strong hold on the entire market, and "insane" options trading in the chipmaker could be the culprit. The tech giant's stunning 8% rally on Wednesday helped lift the entire S & P 500, which had earlier fallen on a mixed inflation report. Nvidia rallied almost 2% Thursday.

mountain Nvidia Nvidia, which topped $3 trillion in market value earlier in 2024, is now third-largest stock in the S & P 500 after Apple and Microsoft . The chipmaker, as well as the AI story it represents, has been dominating investor sentiment all year and moving other semiconductor stocks, the tech sector and the broader market. Its average one-day percentage move over the past 50 days is 3.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia's $279 billion wipeout — the biggest in U.S. history — drags down global chip stocksGlobal semiconductor and associated stocks fell on Wednesday, following a steep plunge in Nvidia’s share price in the U.S. overnight.
Source: NBCNewsHealth - 🏆 707. / 51 Read more »

Global stocks plummet after Wall Street's worst day since AugustThe S&P 500's heaviest weight, Nvidia, fell 9.5% Tuesday.
Source: komonews - 🏆 272. / 63 Read more »