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NetEase, Inc. (NTES) Traders Aim for Higher Highs

NetEase, Inc (NTES) hit an all-time high after reporting earnings

May 14, 2015 at 10:38 AM
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NetEase, Inc (ADR) (NASDAQ:NTES) is soaring after last night's standout earnings report. At last check, the Internet and gaming stock has rallied 6.8% to trade at $138.85, and recently hit a record high of $139.70. In response, options traders are targeting calls at a blistering rate.

At last check, NTES calls were crossing the tape at 11 times the expected intraday clip. Most active is the May 145 call, which appears to be seeing buy-to-open activity -- suggesting short-term speculators anticipate higher highs by week's end, when the front-month options expire.

Optimism isn't restricted to NetEase, Inc's (NASDAQ:NTES) options pits. All five analysts tracking the shares consider them a "strong buy." At the same time, however, the equity's average 12-month price target of $128.31 stands at a discount to current trading levels, potentially paving the way for price-target hikes.
 

AI has exploded ever since ChatGPT set the world on fire near the end of 2022.

Numerous companies with connections to artificial intelligence have seen their stocks soar.

That includes Nvidia, the poster boy of AI.

Its stock has skyrocketed 716% since ChatGPT’s debut. But here’s the thing …

While everyone’s still counting their money from this first AI boom … Nvidia and countless others have moved on to the next stage.

That includes Big Tech, which is currently making a series of peculiar investments in a few strange companies. This has nothing to do with tech. At least on the surface …

Yet, these strange investments could be the early ripples of a massive wave …Without them, ChatGPT could stop operating … Amazon, Google, Microsoft and more could see profits drop drastically.

In fact, Elon Musk says these investments are critical when it comes to solving the number one problem facing AI.

Now, Silicon Valley legend Michael Robinson has identified two companies that could play a significant role in the solution.

Their stocks just may be the key to AI 2.0.

Find out more about these two companies today.
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