Nvidia Stock (NASDAQ:NVDA): Options Traders Are Taking the Contrarian Bet

Category: Finance

Wall Street analysts are bullish on Nvidia (NVDA), predicting significant growth due to the generative AI ecosystem. However, options traders are taking a contrarian stance, placing bearish bets against the stock. Despite a strong consensus rating from analysts, the recent decline in stock price and negative options sentiment suggest potential for further downside. Investors may consider waiting for a clearer market direction before making moves.

Keywords: Nvidia, NVDA, stock market

Source: Yahoo Finance

Update At: 8/6/2024

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