Nvidia Climbs 155% While Facing AI Ethical CriticismNvidia remains a significant player in the AI industry, grouped with companies like Apple and Anthropic, which have been criticized for training their AI technologies by extracting subtitles from 173,536 YouTube videos across over 48,000 channels, including content from notable creators such as MrBeast and PewDiePie. This practice violates YouTube's terms by using content without creator consent, posing legal and ethical issues.
Financially, Nvidia's stock experienced a substantial 86% rise from mid-April to June, followed by a stabilization period with prices oscillating between $117 and $140. Despite this slowdown, the company's year-to-date growth is impressive at 155%, with a potential for stock values to climb past $150 if demand for AI continues to surge.
The ongoing ethical debate around AI data usage underscores the importance of regulatory compliance and maintaining trust in the tech industry's use of content. This dialogue is crucial for shaping future AI governance.
Nvidia
Nvidia's Circle-b Wave StatusThere's an old analytical adage that goes..." nothing confirms price action like confirmation ". Not too helpful in the short term trading sense, but in the larger picture perspective it sure makes a lot of sense. I can make a case based on where price came into the Fibonacci Retracement zone of the .786% for corrective action that got smacked down... has topped...
...however, in a B wave, confirmation only comes with a break of the circle a-wave low down in the $117 area. Its a good start but since this chart is sooooo bullish, wait for confirmation. A break of $117 brings $1.04-109 into view MINIMUM.
Best to all,
Chris
Tesla : Approaching Key Resistance Level After Strong RallyBy analyzing #Tesla 's stock chart, we observe that after hitting the first bearish target last time, the price rose again. However, this time, the price did not drop from that level as we expected. Instead, it managed to rise powerfully to $260! Currently, Tesla is near a significant resistance level, and we need to wait for the initial reaction to this level. This analysis will be updated!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
NVIDIA eyes opportunities in space computing with SpaceX launchNVIDIA Corp. is poised to enter a burgeoning market as SpaceX prepares to launch a satellite equipped with NVIDIA's graphics processing unit. This venture into space computing marks a significant step for NVIDIA, potentially opening up expansive new opportunities within an industry that sees growing demand each year.
The satellite, a collaborative effort between US startup Aethero and Cosmic Shielding, features NVIDIA's Jetson Orin NX module. This module, designed primarily for robotics and AI computing, could play a crucial role in the development of solar-panel-powered space data centres. These centres aim to address the significant power demands of AI, presenting a sustainable solution by leveraging the unique environment of space.
Technical Analysis of NVIDIA Corp. (NASDAQ: NVDA)
Exploring potential investment opportunities, let us review the technical aspects of NVIDIA's stock:
Timeframe: Daily (D1)
Current trend: the stock is in an uptrend, currently testing the support line
Resistance level: 136.30 USD
Support level: 118.05 USD
Potential downtrend target: should a downtrend initiate, the downside target could be at 95.00 USD
Short-term target: if the uptrend resumes and the stock price breaches the resistance at 136.30 USD, a short-term target could be set at 150.00 USD
Medium-term target: should the upward momentum continue, the price might rise to 165.00 USD
Investors should closely monitor NVIDIA's progress in this space venture, as the successful deployment of its technology in orbit could significantly enhance the company's profile in space computing and lead to substantial growth opportunities.
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a weekly price action market recap and outlook - nvidia #5Good day and I hope you are well.
Last time I talked about Nvidia was 2024-06-08 and Nvidia was at 120.8 and my targets were 130/140. We are after the stock split so it's time for an update.
comment: Please check out my nvidia #4 post, to see how accurate it was. I wrote that once the W5 or third push up is done, we will see a 10-20 bars sideways to down correction. Since the first leg of the correction made 16% down, we can expect a second one, which would bring us to around 100$ (weekly 20ema is also there), which is an obvious magnet. There bulls can decide if they want to continue the bubble.
current market cycle: If we break below 114, we are probably forming a trading range between 100 - 140. If bulls buy this up again, bull trend continues.
key levels: 114 - 140
bull case: Everything as long as most bull trends hold. The big bull trend line is currently around 95 and bulls do not want a pullback that deep. They want this bubble to infinity and staying above the daily 20ema is crucial to do so. If they fail here, we will see 100$ soon. Having said all that again, it's a bubble and it will deflate. Maybe it already started and stock won't trade above 130 again for a long time. No one knows but the probable thing is a pullback to the weekly 20ema/100$ before market wants a retest of the ath. That can fail or even make a higher high before turning again.
Invalidation is below 100.
bear case: Parabolic wedge top broke to the downside but bulls still have 3 more bull trend lines as support. Bears are happy for now that they trapped all the bulls who bought above 130 and most stops will run around 115-118. Bears ultimately want to test the big bull trend line and the 100$ price. Thats a 40% drop and I wrote many times, that this stock will half again. Bears see the recent drop as strong enough for a second leg and the current trading range as a two legged sideways to up correction, which they want to break below from.
Invalidation is above 130.
short term: All bull targets are met and the ath will probably be tested. It's unsure if we get a second leg down first or after the retest. I slightly give it to the bears to push down to at least 117ish since the past days nasdaq & sp500 made new ath's while nvidia held below 130. Trapped bulls who bought above 130 will give up below 119 latest.
medium-long term: Over the next 6 months we should see the 1000 price area again and 6-18 months we most likely will see 800-900 again. --unchanged
current swing trade: Waiting for weakness on Monday and if bulls can't trade it back up, will do long term shorts for 100$.
AMD 200 BY SEPTEMBER !AMD Long 200 BY SEPTEMBER
Forecast: According to Long Forecast, AMD’s stock price is expected to start September 2024 at around $174 and reach a maximum of $177, with an average price of approximately $167 by the end of the month. This projection suggests a -5.7% change from the initial value.
PandaForecast: The weighted average target price per AMD share for September 2024 is $151.81, with a possible monthly volatility of 6.201%. The pessimistic target level is $146.28, while the optimistic target level is $155.95.
Personal Finance Freedom: Their forecast indicates an average price of $170 for September 2024, reflecting an expected increase of approximately 14.8% during that month.
StockScan: The average price target for AMD stock in 2024 is $180.52, with a high forecast of $227.30 and a low forecast of $133.74. This represents a +10.14% change from the last recorded price of $163.90.
Nvidia - Massive rejection soon!NASDAQ:NVDA is clearly overextended after the +1.000% rally and ready for a correction.
Trees simply do not grow to the sky. And neither do stocks, especially Nvidia. I know that a lot of people are calling price targets of $250 and beyond, but we still have to respect gravity and the nature of fear and greed. Nvidia is simply overextended a retesting a 6 year resistance trendline. I do expect a correction between -20% and -30%, but also -60% is definitely possible.
Levels to watch: $120, $50
Keep your long term vision,
Philip - BasicTrading
Is our circle B wave is done yet?We really cannot say we have confirmation we're in a circle c-wave until we breach the circle a-wave low. So I will repeat, we have the minimum waves in place to consider circle b done...and could begin our circle c-wave descent. However, nothing states we cannot get back into our target box for a more complex circle b.
The fact remains we also have purple wave 4 that is still valid until we breach $104.30. It is my opinion Nvidia has struck a local top but as the days and weeks progress, we'll get confirmation of whether that top was a local top, or what I believe to be a primary top, and that top would last many months to potentially a couple years.
NVDA / Nvidia - AI Stock Idea I.hello guys,
Yearly: Bullish
Q: Bullish
M: Slightly Bearish - Stochastic bearish divergence. close below middle line.
125 - 117 are the levels to watch. Up is 140 - 146, down 90 - 82
3D : Trend is clearly Up. Waiting for a retest of the grey zone on low volume and a reversal to the upside.
Thanks for reading!
NVIDIA Fake Breakout of 2018 and 2021 - BearishNVIDIA at an interesting spot, had a fake breakout which is usually a pretty bearish sign. Curious to see if this trendline can hold. Hard to fade this beast but this would be a good spot, it's been going parabolic so if it breaks that it's probably over for NVIDIA, insiders have also been selling massive amounts in the last month. Zoomed in pic below.
$NVDA range $153 region to $70sUpdate on the short idea:
Levels on the downside the same, timing was off.
Originally thought we'd top at $117.6. We ended up rejecting the resistance at $115.6 and going down to $107 and have since broken to new highs.
Now the chart has become much clearer with the recent price action.
Think we'll likely see another push higher tomorrow or early next week up into the $142-153ish region. Then after that, I think we'll retest the lows down in the low $70 region as price has largely just gone higher since the end of April and hasn't confirmed any support levels on the path up.
The major imbalance in the chart will get resolved to the downside. Months of gains will be wiped out quickly.
Nvidia Corporation (NVDA) Price Analysis: BEARISHHey everyone, welcome back to Insider Trader! Today, I'm analyzing Nvidia (NVDA) using ICT concepts. After a recent distribution phase, I'm expecting a bearish reversal. The price has hit an optimal trade entry at $128.40, and I’m looking at two downside targets: $77.14 by September 9, 2024, and $31.99 by January 21, 2025. Key levels include a sellside liquidity at $76.06 and a bullish order block around $34.58, which might provide support. Keep an eye on these targets and adjust your trades accordingly. If you found this helpful, like, share, and subscribe for more insights. Happy trading!
Gold Price Surge: Reaching Targets and Aiming Higher Above $2333By re-analyzing the gold chart on the 4-hour time frame, we can see that, as expected, gold started to rise and hit the targets of $2329 and $2332. Now, gold is trading around $2331, and we need to wait for a price consolidation above $2333 to confirm further growth. The next targets for #gold are $2337, $2344, $2348, $2352, and $2356.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Nvidia Subdivides Lower from Recently ATHPrice is now in the target box for our circle a wave and I am watching for the potential of a reversal higher in our circle b wave. To continue to leak lower could bolster the case for ALT purple wave 4 as price appears somewhat short term oversold. My primary is a circle b wave corrective retrace. Because of the sheer bullish of the long term chart, only a move below $104-$106 would signal a major top may have been struck.
TSLA : Big Resistance Ahead ? (READ THE CAPTION)By analyzing the #Tesla stock chart, we can see that the price has once again reached the supply zone at $185 and has been unsuccessful in breaking through the resistance. For this reason, our previous analysis remains valid. We need to see when this decline will finally start! The supply zone is between $191 and $206, and the bearish targets for this stock are $168, $153, and $139 respectively.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Why Nvidia’s Monster $3T Valuation Poses a Threat to S&P 500Too fast Nvidia climbed the ladder of success and now the broad-based S&P 500 is at risk of getting sucked into a crisis if the chip giant were to trigger it.
Nvidia Value Takes Up 7% of S&P 500
Is Nvidia (ticker: NVDA ), the massive chip company, too big to fail? Shares of the juggernaut in the AI space have soared more than 160% this year and they show no signs of slowing down. That’s all great news for traders who enjoy the daily volatility and love watching billions of dollars slosh around as markets try to figure out Nvidia’s worth.
What markets have agreed on so far is that Nvidia is worth more than $3.2 trillion. The lofty price tag, however, comes with certain dangers. One such danger is that Nvidia makes up about 7% of the S&P 500. The broad-based Wall Street darling, packaged with 500 public companies , is valued at $46 trillion.
The danger isn’t too obvious now for obvious reasons. Nvidia is yet to give back (if it ever does, right?) some of its formidable gains. But there are signs already. Last Friday, this ratio of 93:7 tipped the S&P 500 into a loss just because the hulking size of Nvidia was too much weight on the stock index.
And because the markets aren’t allowing any breathing room and shares are always on fire, we can’t know the impact a crash in Nvidia could have on the S&P 500. But since the pendulum swings both ways, it pays to be prepared.
The Big Three’s Massive Weight
The tech-focused concentration of the S&P 500 doesn’t end with Nvidia. The two other companies that are also worth over $3 trillion each have the same weight on the equity benchmark.
Add Apple (ticker: AAPL ) and Microsoft (ticker: MSFT ) next to the AI chip maker and you’ve got a nice 21% chunk of the S&P 500 concentrated in three companies. In other words, that’s more than $10 trillion of valuation in total and it dominates the large-cap rankings .
What’s the common ground between all three? AI, more or less, with Apple playing catch up pretty fast.
“Why not pick on Apple then, if it’s the same market value?” Apple brings home more than $380 billion in revenue a year while Nvidia can only do $60 billion . Moreover, the iPhone maker has 2.5 times Nvidia’s trailing 12-month free cash flow.
Doomsday Scenario
A possible doomsday scenario in the artificial intelligence corner, every permabear will tell you, can trigger a rude awakening for investors and strip those giants off their record high valuations.
They actually had a moment of victory, although a brief one. In April, Nvidia endured its biggest drop since its recognition as the purest AI play out there. Shares erased more than 10% in the span of a few days. But before permabears had a chance to sip at their mezcal espresso martini and call it a day, Nvidia had bolted past the losses and into fresh record territory.
These days, it’s largely the same few stocks pumping and driving the gains across the indexes. That doesn’t sound like much of a diversification — the narrative pushed by passive investors who choose to shove some money into an index and do nothing. If the S&P 500 served as a diversification vehicle in the past, it certainly doesn’t look like it today.
Your Thoughts?
Will we see the AI bubble burst like the dot-com bubble of the 2000s? Or will Nvidia continue lifting the sea of stocks? Leave your thoughts below.
NVIDIA - Correction after stock split?NASDAQ:NVDA has been one on the strongest stocks of the past decade with a rally of +25.000%.
Today, Nvidia had a stock split of 1:10, meaning that for every 1 share of Nvidia, you recieved another 9 shares (10 in total). Therefore, Nvidia stock price was simply divided by 10 ($1.200 / 10 = $120). Nvidia stock is currently retesting a major resistance trendline and is repeating another "cycle pattern" like we saw in 2015 and 2019. A correction is simply quite likely.
Levels to watch: $120, $50
Keep your long term vision,
Philip - BasicTrading
NVIDIA is going to top out, consolidate before taking offThere's only one more meme rally left before CBDC's. I expect Nvidia to meet guidance for earnings, will spike up and then crater.
There's some cheap puts for .20 for 500 strike price for July. Will probably be 450 after it's all said and done when it bottoms out. Which is a 2,250x return if the stock did crater! Couldn't rule out a flash crash. I think if we wait till next week to buy the puts it'll be cheaper, maybe .15 which is a 3,000x.
They will definitely soar when the FED ends up cutting rates after the BOJ sells treasuries and BRICS unveil their currency.
If Trump wins our country will convert back to a gold standard. If Biden wins they will try to usher in a CBDC. Better own some food, land, ammo and precious metals comrade if you do decide to vote against "Mean Tweets"...