The Latest Breaking News from NVDA

To gain an edge, this is what you need to know today.

Good Morning Traders! In today's Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.

Nvidia Corp showcases Fugatto, a powerful generative AI model for creating sounds using text and audio prompts. Impressive capabilities for musicians, developers, and content creators.

The Super Micro Computer stock price is at bottom, waiting for the accounting issues to be resolved: a positive outcome will spark a short squeeze.

The popular tech ETF XLK has gained 21.3% year-to-date and is consolidating near its 52-week high, with strong breakout potential.

Nvidia Corp (NASDAQ:NVDA) investors have no shortage of reasons to continue bidding up NVDA stock. Primarily, the semiconductor stalwart – known for its advanced graphics processors that undergird artificial intelligence-based platforms and applications – recently posted financial results for the third quarter that handily beat expectations.

Nvidia reported strong Q3 free cash flow margins and analysts have raised their revenue forecasts. This means NVDA stock could be undervalued by 26% with a price target of $179 per share. Shorting OTM puts is attracting interest.

Markets went into risk-off mode amid rising geopolitical tensions and high anxiety ahead of bellwether Nvidia's earnings report.

December Nasdaq 100 E-Mini futures (NQZ24) are trending up +0.14% this morning as investors shifted their focus to a highly anticipated earnings report from AI darling Nvidia.

December Nasdaq 100 E-Mini futures (NQZ24) are trending up +0.09% this morning as investors shifted their focus to a highly anticipated earnings report from AI darling Nvidia.

The main indexes were mixed on Tuesday but closed well off their lows after an early flight to safety.