Price Forecast:

Bullish Case: NVIDIA is positioned for sustained growth due to massive AI adoption, a robust upcoming product pipeline with Blackwell chips, and increasing demand in data centers, driving prices above $200 over the next year.

Bearish Case: Increasing competition from AMD and regulatory hurdles in key markets could pressurize NVIDIA's margins, potentially leading to a price correction below $120 within the next six months.

Potential Outcomes:

1. EPS growth due to demand spike (45%);

2. Increased competition eroding market share (30%);

3. Regulatory impacts causing sales decline (15%);

4. Economic downturn reducing tech spending (10%).

Trading Oracle: Position for volatility by initiating a bullish call debit spread at $145/$155 for November 22 expiration. Target AI driver themes with the potential for significant upside. Adjust to market noise; remain vigilant about elevated IV as earnings approach. High reward-to-risk ratio, aiming to capitalize on market momentum between now and earnings.

November 15, 2024