$NVIDIA (NVDA.US)$ bulls dominated option block trades Friday as financial results from Google-parent $Alphabet-A (GOOGL.US)$ and OpenAI added to evidence of resilient demand for chips used to power artificial intelligence applications.
While the biggest of the block option trades was neutral, the three transactions below that were all bullish with combined premiums of almost $34 million.
(To see Nvidia's options c...

Jinta Hong, CFA
Last week, the three major indices all closed with weekly gain. $Dow Jones Industrial Average (.DJI.US)$ rose 1.2%, $S&P 500 Index (.SPX.US)$ gained 0.51%, and $Nasdaq Composite Index (.IXIC.US)$ increased by 0.17%. The latter two avoided a fifth consecutive week of declines. Despite highly anticipated unveiling of its robots and new AI chips at GTC, $NVIDIA (NVDA.US)$ disapointed the market and closed the week with a 3....

$NVIDIA (NVDA.US)$ is close to breaching $1 trillion in market capitalization, making it the first U.S. chipmaker to join the trillion-dollar club.
The gaming and AI chip company's shares rose 4.5% in trading before the bell on Tuesday.
Artificial intelligence-related stocks like Nvidia have soared this year, but according to one research firm there's a portion of financial markets that hasn't heavily jumped into the buying frenzy: indiv...