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Barchart

Mark R. Hake, CFA

Nvidia Stock Is at a Peak - What's the Best Play Here for NVDA?

NVDA Nvidia Barchart Donald Trump NTM Yahoo Finance

Three weeks ago, we recommended Nvidia Inc. (NVDA) stock in a June 22 Barchart article and shorting out-of-the-money puts. Now, NVDA is near its target prices, and the short play is successful. What is the best play here?

NVDA is at $171.30, up over 4.5% today. Trump OK'd an export license to sell its powerful H20 AI chips to China after Nvidia's CEO, Jensen Huang, met with President Trump. The Wall Street Journal said this has been a top seller for Nvidia in China and was specially designed for the Chinese market.

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