U.S. stocks rise on call options pivoted on Nvidia amid profit-taking

10/29

10/29 U.S. stocks rise on call options pivoted on Nvidia amid profit-taking

The U.S. stock market opened for profit-taking, but it still started higher, reflecting expectations for large technology stocks. However, it also returned the gains amid anxiety about the economy after the announcement of the intra-day consumer confidence index. Meanwhile, Nvidia (+4.98%) expanded its gains as call option trading surged after Jensen Huang’s keynote speech at the GTC, and supply and demand are concentrated and led the index to rise. Other stocks continued to differentiate, falling as profit-taking sales were released. Only 104 of the S&P 500 stocks actually rose (Dow +0.34%; Nasdaq +0.80%; S&P 500 +0.23%; Russell 2000 -0.55%; Philadelphia Semiconductor Index +0.37%)

*Variants: Consumer Confidence Index, Jensen Huang Speaks GTC Keynote

The U.S. consumer confidence index fell 1.0p to 94.6. While the current situation index is up, the expectation index is consistently below the baseline of 80, which signals a recession since February. While the rate of “very likely” of a recession has declined, the rate of “recession has already begun” has increased for three consecutive months. While the reliability of those under the age of 35 has decreased, the group with 35-54 years old and an annual income of more than $750,000 has improved, and differentiation by age and income continues.

Meanwhile, for the job market, the number of jobs in abundance rose 0.9 percentage points to 27.8 percent, while the difficulty of finding a job also increased 0.2 percentage points to 18.4 percent. The job market has generally continued to be solid, but the expectation index for the job market outlook has deteriorated. Looking at the purchase plan, demand for used cars increases, and purchases of high-priced items have recovered. In particular, service spending and travel plans have increased, suggesting that consumption is moving from goods to services. However, consumers have reduced their spending for the year-end shopping season from last year and confirmed a shift to reasonable consumption. Eventually, U.S. consumers are increasingly anxious about the economy and have raised anxiety about the year-end shopping season, a prerequisite for the stock market’s year-end rally.

Nvidia CEO Jensen Huang has announced his strategy to accelerate the AI revolution that encompasses AI, 6G, quantum models, and robotics at the 2025 GTC. Specifically, he defines GPUs as the only general-purpose acceleration platform that can perform all operations, including AI, and emphasizes that AI models have reached a level worthwhile enough to pay for them. Based on this, it is showing unprecedented growth and claims to have accumulated sales visibility of approximately $500 billion by 2026. In terms of hardware roadmap, it has been announced that GB300 is currently in the shipping stage, and Rubin, the next-generation architecture, will be mass-produced in the first half of 2026. In addition, it has already unveiled 23 open-source models, emphasizing its leading role in technology leadership and open-source

In addition, they announced various partnerships. In collaboration with Nokia, they announced that they will integrate ARC, a next-generation 6G technology, into base station technology and build an edge cloud to create a new decentralized ecosystem for industrial robots and AI. In addition, in quantum computing, they will unveil NVQLink, a new technology that directly connects GPUs and quantum processors, suggesting a future in which quantum computers will work in parallel with existing systems. In addition, they will work with the U.S. Department of Energy to build seven new AI supercomputers and announce cooperation with CloudStrike and Cybersecurity, and Palantir to accelerate data processing and analysis. In the field of autonomous driving, they will unveil Nvidia DRIVE Hyperion architecture and announce plans to integrate this platform into Uber’s global network through official cooperation with Uber

*Featured Stock: Boosting Focus on Nvidia

Semiconductor: Nvidia Extends Gains On Surge In Call Options Trading After Jensen Huang’s GTC Comments
Nvidia (+4.98%) rose after CEO Jensen Huang announced in his keynote speech at GTC that it has secured sales visibility worth about $500 billion accumulated by 2026. The announcement of an acceleration strategy of the AI revolution that encompasses AI, 6G, quantum models, and robotics at 2025 GTC is also positive. In particular, as the transaction of $200 in calls surged after the remarks, the rise was expanded to supply and demand factors. Broadcom (+3.02%) was evaluated to have entered the buying section through technical analysis without any special factors, and it rose with expectations for AI Temi. Intel (+5.03%) continued to rise based on last week’s announced earnings and recovery in PC demand. In particular, investor sentiment recovers after some media outlets reported “Is Intel Back.” Micron (+0.82%) and TSMC (+1.10%) are also strong. The Philadelphia Semiconductor Index rose 0.37%

Semiconductor Equipment, AI Servers: Profit-taking Sale
Supermicrocomputer (+1.53%) rose after the company announced it had teamed up with Intel and Micron to achieve record results on the Quant Trading benchmark. On top of that, it is also positive that the cooperation with Nvidia is expanding. Skywalk (+5.83%) gained ground after Quavo (+5.74%) announced its merger and became a global leader in high-performance radio frequency and analog semiconductors. Ram Research (-0.82%), AMAT (-1.60%), ASML (-0.71%), and ARM (-3.10%) fell. Seagate (-3.18%) is also on the back of its intraday decline and is up 5% after-hours on good earnings reports. Western Digital (-1.38%) is also up 2% after-hours. Nokia (+22.85%) surged due to Nvidia’s equity investment

AI Services: Zebra Plunges After Slack In Guidance
Zebra Tech (-11.68%) reported solid earnings, but fell as sales growth was expected to grow 8-11 percent in the next quarter. There is no problem, but this forecast included an 8.5% increase due to foreign currency conversion and acquisition, which was excluded, which was below expectations. Zebra was centered on hardware, but it is characterized by the recent strengthening of the AI software industry. However, AI service companies such as UI Pass (-7.07 percent), C3AI (-1.42%), Big Bear AI (-4.51%), Paladine AI (-5.07%) and Recurrence Pharma (-6.19 percent) fell as the outlook for the company remained sluggish. Coreweave (-0.93 percent) is secured to U.S. government agencies through a new segment called Coreweave Petral

The U.S. stock market opened for profit-taking, but it still started higher, reflecting expectations for large technology stocks. However, it also returned the gains amid anxiety about the economy after the announcement of the intra-day consumer confidence index. Meanwhile, Nvidia (+4.98%) expanded its gains as call option trading surged after Jensen Huang’s keynote speech at the GTC, and supply and demand are concentrated and led the index to rise. Other stocks continued to differentiate, falling as profit-taking sales were released. Only 104 of the S&P 500 stocks actually rose (Dow +0.34%; Nasdaq +0.80%; S&P 500 +0.23%; Russell 2000 -0.55%; Philadelphia Semiconductor Index +0.37%)

*Variants: Consumer Confidence Index, Jensen Huang Speaks GTC Keynote

The U.S. consumer confidence index fell 1.0p to 94.6. While the current situation index is up, the expectation index is consistently below the baseline of 80, which signals a recession since February. While the rate of “very likely” of a recession has declined, the rate of “recession has already begun” has increased for three consecutive months. While the reliability of those under the age of 35 has decreased, the group with 35-54 years old and an annual income of more than $750,000 has improved, and differentiation by age and income continues.

Meanwhile, for the job market, the number of jobs in abundance rose 0.9 percentage points to 27.8 percent, while the difficulty of finding a job also increased 0.2 percentage points to 18.4 percent. The job market has generally continued to be solid, but the expectation index for the job market outlook has deteriorated. Looking at the purchase plan, demand for used cars increases, and purchases of high-priced items have recovered. In particular, service spending and travel plans have increased, suggesting that consumption is moving from goods to services. However, consumers have reduced their spending for the year-end shopping season from last year and confirmed a shift to reasonable consumption. Eventually, U.S. consumers are increasingly anxious about the economy and have raised anxiety about the year-end shopping season, a prerequisite for the stock market’s year-end rally.

Nvidia CEO Jensen Huang has announced his strategy to accelerate the AI revolution that encompasses AI, 6G, quantum models, and robotics at the 2025 GTC. Specifically, he defines GPUs as the only general-purpose acceleration platform that can perform all operations, including AI, and emphasizes that AI models have reached a level worthwhile enough to pay for them. Based on this, it is showing unprecedented growth and claims to have accumulated sales visibility of approximately $500 billion by 2026. In terms of hardware roadmap, it has been announced that GB300 is currently in the shipping stage, and Rubin, the next-generation architecture, will be mass-produced in the first half of 2026. In addition, it has already unveiled 23 open-source models, emphasizing its leading role in technology leadership and open-source

In addition, they announced various partnerships. In collaboration with Nokia, they announced that they will integrate ARC, a next-generation 6G technology, into base station technology and build an edge cloud to create a new decentralized ecosystem for industrial robots and AI. In addition, in quantum computing, they will unveil NVQLink, a new technology that directly connects GPUs and quantum processors, suggesting a future in which quantum computers will work in parallel with existing systems. In addition, they will work with the U.S. Department of Energy to build seven new AI supercomputers and announce cooperation with CloudStrike and Cybersecurity, and Palantir to accelerate data processing and analysis. In the field of autonomous driving, they will unveil Nvidia DRIVE Hyperion architecture and announce plans to integrate this platform into Uber’s global network through official cooperation with Uber

*Featured Stock: Boosting Focus on Nvidia

Semiconductor: Nvidia Extends Gains On Surge In Call Options Trading After Jensen Huang’s GTC Comments
Nvidia (+4.98%) rose after CEO Jensen Huang announced in his keynote speech at GTC that it has secured sales visibility worth about $500 billion accumulated by 2026. The announcement of an acceleration strategy of the AI revolution that encompasses AI, 6G, quantum models, and robotics at 2025 GTC is also positive. In particular, as the transaction of $200 in calls surged after the remarks, the rise was expanded to supply and demand factors. Broadcom (+3.02%) was evaluated to have entered the buying section through technical analysis without any special factors, and it rose with expectations for AI Temi. Intel (+5.03%) continued to rise based on last week’s announced earnings and recovery in PC demand. In particular, investor sentiment recovers after some media outlets reported “Is Intel Back.” Micron (+0.82%) and TSMC (+1.10%) are also strong. The Philadelphia Semiconductor Index rose 0.37%

Semiconductor Equipment, AI Servers: Profit-taking Sale
Supermicrocomputer (+1.53%) rose after the company announced it had teamed up with Intel and Micron to achieve record results on the Quant Trading benchmark. On top of that, it is also positive that the cooperation with Nvidia is expanding. Skywalk (+5.83%) gained ground after Quavo (+5.74%) announced its merger and became a global leader in high-performance radio frequency and analog semiconductors. Ram Research (-0.82%), AMAT (-1.60%), ASML (-0.71%), and ARM (-3.10%) fell. Seagate (-3.18%) is also on the back of its intraday decline and is up 5% after-hours on good earnings reports. Western Digital (-1.38%) is also up 2% after-hours. Nokia (+22.85%) surged due to Nvidia’s equity investment

AI Services: Zebra Plunges After Slack In Guidance
Zebra Tech (-11.68%) reported solid earnings, but fell as sales growth was expected to grow 8-11 percent in the next quarter. There is no problem, but this forecast included an 8.5% increase due to foreign currency conversion and acquisition, which was excluded, which was below expectations. Zebra was centered on hardware, but it is characterized by the recent strengthening of the AI software industry. However, AI service companies such as UI Pass (-7.07 percent), C3AI (-1.42%), Big Bear AI (-4.51%), Paladine AI (-5.07%) and Recurrence Pharma (-6.19 percent) fell as the outlook for the company remained sluggish. Coreweave (-0.93 percent) is secured to U.S. government agencies through a new segment called Coreweave Petral