A leveraged “whale” has just placed a high-conviction bet on Nvidia (NVDA) ahead of the chipmaker’s next earnings report. The trader has opened a 10x long worth about $1.66 million on onchain derivatives platform Hyperliquid.

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks Analysts are Tracking Closely. On November 18, BNP Paribas Exane raised its price target on the stock to $250.00 from $240.00 while maintaining an Outperform rating.

Leading analysts are beaming with optimism on NVIDIA Corp. (NASDAQ: NVDA) and the broader AI trade, following the company's strong third-quarter performance on Wednesday.

CEO Jensen Huang offered a reality check on what it truly takes to lead one of the world's most valuable tech companies. Being A CEO Is Lifetime Of Sacrifice, Not A Position Of Power: Huang Speaking at the University of Cambridge,

The chip giant on Wednesday produced results and forecasts that beat expectations, allaying immediate fears. But there are longer-term worries that Nvidia's growth could be crimped by factors beyond the control of even the most valuable listed company in human history, now worth more than $4.5 trillion.

Chipmakers including Nvidia and Intel are down along with much of the stock market Tuesday, as fears of an AI bubble grow.

Nvidia's upcoming earnings report is expected to trigger a $320 billion market value shift, with options predicting a 7% swing. As investors await results, the implications for AI technology and broader market trends are significant.

For Nvidia bulls, the question is not whether NVDA stock can continue its momentum. Rather, the main question on everyone's mind on Wall Street is how far the stock can go. On that note, Oppenheimer is providing some hints.