Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 198.87

-3.9%

2:46 PM EST

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From: Trader J	8/21/2024 8:48:55 PM
	of 56532

SNOW: Well, another earnings and they actually looked pretty good. But, not enough to carry the premium valuation it does without the catalyst to move it higher as an AI play. Honestly, I love SNOW's position in the space but the market just isn't giving them enough hype to move the shares. I had already trimmed the position but took a 2026 $150 Call position. Those are now on the ropes as to whether I will keep them vs. cutting them and taking the loss. They are running out of quarters to impress. That said, with lower rates coming, a new year around the corner and what will likely be increased investment into data AI, I still believe SNOW is well positioned.

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