Nvidia Corp. (NASDAQ:NVDA) shares have been on a tear since the start of 2023, fueled by the explosion of interest in artificial intelligence (AI) sparked by OpenAI‘s ChatGPT. However, a new report suggests some of this growth might be fueled by reckless speculation. Risky Bets On A Rising Star?A Bloomberg report warns that Nvidia’s stock is becoming a playground for “YOLO” traders – those who embrace high-risk, high-reward bets. The report points to a surge in options activity on Monday, with traders snapping up over 24,000 call contracts expiring this Friday (March 22) with a strike price of…
