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Unveiling the Plot to Dethrone Nvidia's AI DominanceA coalition of tech giants spearheads a revolutionary effort to break Nvidia's stranglehold on AI development by targeting its software fortress. In the high-stakes arena of artificial intelligence, where innovation is the currency of power, Nvidia ( NASDAQ:NVDA ) has long reigned supreme. With a market cap soaring to $2.2 trillion, fueled by their cutting-edge AI chips and the proprietary CUDA software platform, Nvidia's dominance seemed unassailable. That is, until now. A formidable coalition of tech titans, including Qualcomm, Google, and Intel, has clandestinely assembled to challenge Nvidia's hegemony. Their audacious plan? To unravel the very fabric of Nvidia's advantage: its software stronghold. At the heart of this insurgency lies the UXL Foundation, a consortium dedicated to liberating developers from the clutches of Nvidia's proprietary ecosystem. Armed with Intel's groundbreaking OneAPI technology as its vanguard, UXL aims to forge a new frontier of open-source software capable of powering an array of AI accelerator chips, unshackling developers from Nvidia's grip. "We're showing developers how to migrate out from an Nvidia platform," declares Vinesh Sukumar, Qualcomm's AI and machine learning luminary, hinting at the seismic shift underway. But this isn't merely a skirmish over software; it's a battle for the soul of AI innovation. Bill Hugo, Google's director and chief technologist of high-performance computing, emphasizes the broader significance: "It's about creating an open ecosystem, promoting productivity, and fostering choice in hardware." The stakes couldn't be higher. With UXL's technical steering committee poised to finalize specifications and refine the blueprint for a software revolution, the industry braces for a paradigm shift. Cloud-computing behemoths like Amazon and Microsoft's Azure loom on the horizon, poised to join the fray, signaling a tectonic shift in the AI landscape. Meanwhile, the burgeoning cadre of startups, armed with over $4 billion in venture capital, stands ready to challenge Nvidia's supremacy. Their numbers swell as they seek to exploit chinks in Nvidia's armor, fueled by a surge in funding and a fervent belief in their ability to disrupt the status quo. Yet, amidst the fervor of revolution, Nvidia ( NASDAQ:NVDA ) remains undeterred. Ian Buck, a stalwart executive, acknowledges the accelerating pace of innovation but remains resolute: "New ideas in accelerated computing are emerging from all corners of the ecosystem." In the face of this existential threat, Nvidia's greatest asset may not be its formidable hardware or even its venerable CUDA software, but rather the inertia of familiarity. As Jay Goldberg of D2D Advisory opines, "People have been using CUDA for 15 years, building their code around it." The battle lines are drawn, and the clash of titans is imminent. As the world watches with bated breath, one thing is certain: the outcome of this struggle will shape the future of AI for generations to come. In this epoch-defining showdown, the question remains: will software usurp silicon, or will Nvidia's reign endure?
NASDAQ:NVDALong
by DEXWireNews
AVGO dips for a buy now $50 under ATH LONGAVGO is asking to be chased. On the daily chart, the price is now $50 below the ATH of the top of of the month. RSI on the lower TF green line has pulled back to 72 from 85. The longer TF black line is admittedly in overbought territory. The longterm growth expectations of the AI stock defy ordinary technical analysis, AVGO is 3-4% below the ATH. I see this as an opportunity to diversify in AI stocks by getting a small position in BroadCom to supplement NVDA, MU and INTC. I am looking at TXN as it has a lower price tag and is about 10% below ATH. ( The growth prospects need a look to see if they are there.) I expect AVGO to compete well in the space and can see that it is making agreements with some other companies well situated in AI .
NASDAQ:AVGOLong
by AwesomeAvani
AMD has been in a downtrend since March 8th, Watch this levelSince March 8th, AMD has been experiencing a consistent downtrend, repeatedly encountering resistance at the descending moving average within this abbreviated timeframe. A pivotal movement above the level indicated by the green arrow could potentially signal a significant upward momentum. It is worth noting that the stock has persistently tested and concluded above the 50-day moving average during the last 4 trading sessions. Should this threshold maintain its support, Should the AMD price efficaciously transcend above the benchmark delineated by the green arrow a successful breach could herald a potentially robust bullish phase.
NASDAQ:AMD
by dt0953
1
Market Update - March 22, 2024 BTC drops below $61K for the first time since the start of March: Investor confidence dwindled as the market saw the first consecutive negative outflow days for the Bitcoin ETFs this month, with Grayscale Bitcoin Trust (GBTC) experiencing its biggest outflow since launch of $642.5M on Monday, followed by another sizeable $443.5M outflow on Tuesday. Fed keeps interest rates unchanged: The US Federal Reserve held interest rates at the May FOMC meeting, but is still anticipating three cuts by the end of the year. This was widely celebrated by markets as the S&P 500 and Nasdaq set a new all-time high and bitcoin reclaimed $67K. Hope for ETH ETF approval by the Securities and Exchange Commission (SEC) dwindling: The price of Ether (ETH) experienced a fairly dramatic fall this week from $3.64K to as low as $3.06K on Wednesday morning. The fall was in response to a recent sentiment shift around the possible ETH ETF approval in the coming months. Recent SEC delays to proposals from VanEck, Ark, Hashdex and Grayscale, along with comments from prominent ETF analyst James Seyffart suggesting the SEC will decline these approvals, have lowered confidence among investors. SOL defies market downward trend and breaks above $200: For the first time in two years, Solana (SOL) broke above $200 this week, with analysts suggesting this could be linked to the large surge in activity on the Solana network, which has been driven by a frenzy for newly launched Solana-based memecoins. AI fascination continues as NVIDIA AI conference kicks off this week: The conference caused a short-lived rally in AI tokens, despite the overall downward market trend in the market this week, with Render (RNDR), Akash (AKT), Fetch.AI (FET) and Bittensor (TAO) all posted double-digit gains. 🌸 Topic of the Week: The Solana Blockchain 👉 Read more here
GEMINI:BTCUSD
by Gemini
🚀 SoundHound & NVIDIA's B200 Chip: Hold My Beer 🍻Buckle up, buttercup! Word on the street is SoundHound AI is about to drop some serious digits on us about their hands on the B200 AI chip, made with NVIDIA's magic dust. The Playbook: Morning Moves: Eyes on the prize at $7.01. If it rockets in the first 20min, I want to buy it. If not, might be a dud. Could nosedive to $6. Whale Watching: Big fish were nibbling in the $3's pre-NVIDIA bombshell. Insider Intel: Their director offloaded 100k at $7.12, still clutching 258k. Hmmm. Stats for Nerds: 195M shares floating around. 108M trading hands on the average lately. If they file an S-1 then pull the RIP cord Why This Is Hotter Than Your Morning Coffee: Brain Meets Brawn: SoundHound's been cooking up something with NVIDIA, and it ain't your grandma's AI chip. This thing's supposed to have more muscle than a gym bro in January. Tech Tsunami: If the rumors pan out, we're talking about a tech quake that'll ripple through industries like a meme on Twitter. Fasten your seatbelts; it's gonna be a wild ride. The Gist: Keep your eyes peeled. This ain't just another tech blip on your radar. It's the kind of news that gets our degenerate hearts racing and might just redefine the AI game. Later, nerds.
NASDAQ:SOUNLong
by direraven420
Nvidia - Volatility At The TopHello Traders, welcome to today's analysis of Nvidia. -------- Explanation of my video analysis: For a decent period of time, Nvidia has been trading in an obvious rising channel formation. We had the last retest of support in 2022 so the rally of +600% towards the upside was actually quite expected. Nvidia is now approaching the upper resistance of the rising channel so there is a quite high chance that we will see at least a short term bearish rejection soon. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:NVDA
by basictradingtv
1
NVDA - At 1000$ mark before end of the week ?NVIDIA's chart is getting interesting. There's a chance we might see a breakout towards $1000, and here's why: Elliott Wave Triangle in Play? Sharp traders might have noticed a possible Elliott Wave triangle forming. This pattern often appears before a significant price movement. Right now, it looks like wave E (the last one) is unfolding. If it breaks above the resistance line, things could get exciting! Here's the breakdown: Triangle Pattern: Notice how the price has been stuck in a tightening range? This suggests indecision, but it can also build up buying pressure for a potential breakout. Wave E: If this is the final wave, a clean break above resistance could be the key to unlocking that $1000 target. So, if the triangle plays out as expected, we could be in for a nice 15+% run. Just be sure to manage your risk carefully. For experienced traders looking to maximize gains, strategically buying near the bottom of wave E could be an option. This minimizes risk by entering before a potential breakout, but remember, it requires active management and a good trading plan.
NASDAQ:NVDALong
by ElliottWaveBelgium
2
Bitcoin | A New OutfitCrypto analysis is almost entirely based on models. Models that work, until they don't. 1st Law of Trading: Models and "laws" like the power law, stop working when everybody agrees on them. 2nd Law of Trading: The 1st Law is a paradox. 3rd Law of Trading: There are no laws. 4th Law of Trading: This statement is false. Aaaaand I broke AI. (Portal 2 would suggest that, who knows if we could break ChatGPT with a simple paradox) Shiny smartphones and large mirrors can make you look like a completely different person. It is magic really... Computational Photography on your favorite pose/profile can make you a supermodel. And so, I decided to change up the mirror of Bitcoin to make better sense of it. It is like removing the beautification filter. A simple analysis many could agree with. Crypto is a child of Big Tech, much like "AI" is. Crypto may be facing a grim future. But AI has just began it's ventures. We should however think twice. And perhaps think thrice, just to make sure... Is NVDA ridiculously overextended, or is it just starting killing Bitcoin? Has NVDA found the secret sauce to take advantage of crypto dynamics? I don't know the answer to the questions above. (I have) no one to follow and nothing to teach. Tread lightly for this is hallowed ground. -Father Grigori
INDEX:BTCUSD
by akikostas
4
Nvidia in symmetrical triangle.Trade idea NVIDIA - 48h expiry - We look to Buy at 870.50 (stop at 846.50) As this corrective sequence continues we look to set longs on a dip at better risk/reward levels. This has resulted in a large symmetrical triangle formation being posted on the intraday chart. Trend line support is located at 870. The bias is to break to the upside. The primary trend remains bullish. Trading close to the psychological 1000 level. Trading has been mixed and volatile. Our profit targets will be 930.50 and 940.50 Resistance: 905.50 / 924.08 / 938.50 Support: 890.00 / 870.00 / 850.10
NASDAQ:NVDALong
by Signal_Centre1
NVDA's White Support Line for a Potential Rebound Today is day 2 of the NASDAQ:NVDA GTC conference, NASDAQ:NVDA had a bearish day yesterday even though it was day 1 of the event. I think there was actually a lot of great news for NASDAQ:NVDA , but surprisingly there was little upside in terms of price action. So far NASDAQ:NVDA has been bearish since reaching the yellow trendline, and I think the momentum has been bearish. For now NVDA is near a white support line and bulls are looking for a rebound here so that NVDA has some upside for day 2 of the GTC event.
NASDAQ:NVDA
by realchartchamp
NVDA - Once a Castle, Always a Castle🏯Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 NVDA has been overall bullish, trading within the rising wedge in green. Currently, NVDA is in a correction phase and approaching the lower bound of the wedge. Moreover, it is retesting the previous major high marked in red. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the previous major high and lower green trendline. 📚 As per my trading style: As #NVDA approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:NVDA
by TheSignalyst
4
Time to Test Some Lower Levels for SupportBack in December when NVDA was trading in the 490s I posted an idea (linked) predicting it would make a run to 660. It went above and beyond that, and now its at a point where I'm exiting long positions and watching it closely for a chance to short. At this point, I think it is still risky to short, but staying long is foolish. NVDA has started a distribution phase and has earnings as a catalyst this week. What remains to be seen is if this distribution phase will have an upthrust (UTAD) to achieve one more higher high, or if it will get its sign of strength to the downside. Bulls might ask why would it reverse now? - because increasing demand has become unsustainable with out making a pullback to establish some significant support below. ----------------------------------------------------------------------------------------------------------------- Near Term expectations for price action: - I'm looking to enter some near-term puts on other names next week, but I'm not playing NVDA until after earnings (there are better plays) - But I think NVDA (and semis group) is arguably most important driver of overall market currently *** 715 is the most important level - If 715 holds as support NVDA will see a higher high in the coming weeks - If it sees a sustained break below 715 then it will become bearish near-term and will need to test some lower levels for support before attempting new high Chart - important areas explained: ** If NVDA is trading inside the shaded green diamond going into earnings then I'm expecting a gap up following the report to breakout above 742 3 most likely paths: GREEN arrow (bullish): drop to test 715 going into the earnings report and then breakout above 742 - if this occurs my upside targets will be 777, 792 and 816 by end of March 2024 RED Arrow (near-term bearish, but will provide buying opportunity): break below 715 to around 697-707 and then test 715 for resistance but get rejected ( if this occurs I will buy Mar 1 puts, and my downside target will be 661-683 by 2/28-3/1 ) black arrow ("worst case" scenario bearish): I don't think NVDA will crash but its setup does actually allow that as a possibility if 661 fails as support)... in this scenario we will get the same price action as the RED path, but 661 would fail as support. If this occurs there is downside risk to 560 and my targets will become 619, 585, 560 .. This would actually be the best case scenario for traders ha $$$$ - not enough evidence yet to expect this but I am watching close. See linked ideas of my previous NVDA long ideas if you need validation that I'm not just some doomsday preacher, I'm looking at it unbiased as possible.
NASDAQ:NVDA
by JerryManders
56
NVDA Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand -------------------- 1-18-2024 GREEN UMVD pushing the price UP with a strong Green TrapZone.
NASDAQ:NVDA
by SnowflakeTrader
3
Nvidia's GTC 2024: Unveiling Next-Gen AI Chips and SoftwareNvidia ( NASDAQ:NVDA ), the titan of artificial intelligence semiconductors, kicks off its highly anticipated annual developer conference amidst fervent speculation surrounding new chip unveilings and software advancements. As Chief Executive Jensen Huang takes the stage for his keynote address, investors and tech enthusiasts alike await eagerly to witness the latest offerings that will shape the future of AI technology. The Quest for Innovation: At the heart of GTC 2024 lies Nvidia's relentless pursuit of innovation, epitomized by the unveiling of its next-generation AI processors. With competitors like Intel and Advanced Micro Devices vying for market share, Nvidia aims to solidify its leadership position by introducing the formidable B100 chip, poised to deliver significant enhancements over its heralded predecessor, the H100. Beyond Chip Design: While Nvidia's prowess in chip design is undisputed, the company's foray into software products further underscores its commitment to holistic technological advancement. Huang is slated to reveal a plethora of new software innovations, reflecting Nvidia's multifaceted approach towards shaping the AI landscape. With its software and services business reaching a remarkable annual run rate of $1 billion, Nvidia ( NASDAQ:NVDA ) demonstrates its capacity to drive innovation across both hardware and software domains. Return to In-Person Engagement: Amidst the backdrop of a post-pandemic world, Nvidia's decision to hold GTC in person for the first time since 2019 signifies a symbolic return to normalcy. With an expected attendance of approximately 16,000 individuals—double the figure of the last in-person event—GTC 2024 heralds a resurgence of interactive engagement and collaborative exchange within the tech community. The Grand Stage: Huang's keynote address, set against the backdrop of a Silicon Valley hockey arena, represents a fittingly grand stage for the unveiling of Nvidia's latest innovations. As the largest venue ever secured for such an event, it underscores the magnitude of anticipation surrounding Nvidia's announcements and the pivotal role the company plays in shaping the future of AI technology.
NASDAQ:NVDALong
by DEXWireNews
“Only Up” Trend coming to an END? NVDIA As you can see in the chart i have shared last time NVDIA hit these levels led to a significant move towards the downside of the channel. It is easy to be blind right now and think “only up” but i am removing the emotions from my trading strategy and i believe we will see a move downwards incoming weeks/months on NVDIA i believe this will affect the whole markets even the crypto markets. Just think with your head at this moment, we have been in a ranging only up trend for the past months/weeks. Of course you can attempt to milk out a little more gains but be careful…
NASDAQ:NVDA
by Clocktivker
Semiconductor Pullback Imminent?The semiconductor index has been one of the best performing areas of the market over the last few quaters, and has continued to be strong since the late October bottom. The index is coming into overhead fibonacci resistance, and with weakening momentum starting to show up, similar to July last year, a pullback here looks likely. It seems hard to imagine with all of the AI lead optimism, but this sector could see some retrace back to the 3100s to reset sentiment. If the indicated resistance region is broken, the next likely targets are substantially higher. Will be monitoring for a reversal pattern to emerge and confirm the time has come to exit longs and consider a short trade.
TVC:SOXShort
by CycleTargets
Nvidia uptrend may be running out of steam, where are the stops?Nvidia currently trading at 36 times sales and pricing in all the forward growth in earnings analysts can see. Many cheap stocks trade at 1-2 x sales, normal price to sales for growth stocks might be 5-10x sales. But 36 x times has a huge built in growth premium which makes holding these growth names risky. Its just like a premium on precious metals at the coin dealer, except the growth premium here far larger. The trend is in tact as long as NVDA stays above 20 day moving average, in my opinion. sox index and sox/gold may be showing waning momentums signals already.
NASDAQ:NVDA
by optionfarmers
EXPECT $500+ OUT of NVDAAt this point NVDA is unstoppable. It will not pull back until at least $500 - $520. But even at that point it could easily turn the top of this upward channel trend Into support and then we are looking at clear skies and smooth sailing until $1000. I mean why not? NVDA could easily demand a more than 2 trillion dollar market Cap. Especially considering when its quarterly revenue is at a whopping 7 billion, giving the stock the admirable PE ratio of 213. This one has room to run. Insiders might be dumping large blocks of shares but nothin g that should give investors reason to be cautious. Fasten your seat belts because AI is in charge of this rally.
NASDAQ:NVDALong
by Goontata84
46