Tastytrade founder Tom Sosnoff spotlighted the remarkable trading activity of Nvidia Corporation (NASDAQ:NVDA).
What Happened: Talking to CNBC’s “Last Call,” Sosnoff described that Nvidia’s current market position has very little to do with its fundamental story.
“You’re talking about a stock at this point, it’s a $900 stock that’s trading with penny-wide markets. The depth of liquidity today in Nvidia was off the charts. I mean it was the number one stock traded on our platform today. It just crushed everything else,” he said.
Sosnoff also added that Nvidia will continue picking up steam with many retail customers getting attracted to the prospects. “It’s A Beast,” he said.
“It’s almost kind of like a replacement for Tesla, what Tesla was a couple of years ago,” he added.
"It's a $900 stock that's trading with penny wide markets," says @tastytrade Founder Tom Sosnoff. "The depth of liquidity today in Nvidia was ...