Novo Nordisk's Leap into the AI Future: With NVIDIA PartnershipIn the ever-evolving landscape of technological innovation, a new wave of AI computers is poised to revolutionize computation as we know it. With processors designed specifically for AI programs, these machines unlock a realm of possibilities for individuals, governments, and scientific organizations alike. At the forefront of this transformative wave is Danish healthcare giant Novo Nordisk ( NYSE:NVO ), spearheading a groundbreaking initiative in collaboration with tech titan NVIDIA.
The convergence of AI and healthcare represents a monumental leap forward in the quest for optimized diagnostics, treatment, and research. Recognizing the pivotal role of AI in reshaping the future of healthcare, Novo Nordisk has embarked on a visionary journey by establishing an AI Innovation Center in Denmark. In partnership with the Export and Investment Fund of Denmark (EIFO) and NVIDIA, Novo Nordisk is set to harness the power of AI to propel research and development in healthcare, life science, and quantum computing to unprecedented heights.
Central to this ambitious endeavor is the Gefion supercomputer, poised to serve as the beating heart of Denmark's AI Innovation Center. Powered by NVIDIA's state-of-the-art H100 Tensor Core GPU, purpose-built for large-scale computing tasks, Gefion is poised to unlock new frontiers in computational prowess. With an initial investment of €80 million from the Novo Nordisk Foundation and an additional €8 million from EIFO, Gefion is slated to be one of the most powerful computers in the world, equipped to tackle complex challenges such as protein structure prediction with unparalleled precision.
The significance of this collaboration extends beyond mere computational power; it represents a paradigm shift in the integration of AI into the fabric of research and development. By leveraging purpose-built AI chips, organizations can transcend the limitations of traditional computing, unlocking new realms of possibility in data analysis, pattern recognition, and workload management. As NVIDIA unveils the groundbreaking Blackwell chip, heralded as the world's most powerful AI chip, the stage is set for a new era of innovation and discovery.
However, the pursuit of AI-driven solutions is not without its challenges. The exponential growth of AI techniques necessitates substantial resources and computational power, placing a premium on investment in AI computing infrastructure and application development. As organizations vie for supremacy in the burgeoning AI landscape, the race to deliver transformative solutions is intensifying, with Novo Nordisk and NVIDIA poised to lead the charge.
As the Gefion supercomputer nears completion and the promise of AI-driven healthcare innovation looms on the horizon, the world watches with bated breath. With each milestone achieved, the boundaries of what is possible in healthcare are pushed ever further, ushering in a new era of possibility, progress, and promise. In the realm of AI-driven healthcare, the future is not just bright—it's transformative.
Nvidia
SPX 5300 NEXT ?REASONS WHY !!
The S&P 500 (SPX) has been a barometer of the U.S. economy and a benchmark for global equity markets. Here are some reasons why we believe it could reach the 5300 mark:
Economic Recovery: The U.S. economy is showing signs of robust recovery from the pandemic-induced recession. This recovery is expected to drive corporate earnings growth, which is a key driver of stock prices.
Monetary Policy: The Federal Reserve’s accommodative monetary policy, including low interest rates, is likely to continue supporting the equity market. Low interest rates make stocks more attractive compared to other assets like bonds.
Fiscal Stimulus: Government spending and fiscal stimulus measures aimed at reviving the economy could provide a significant boost to various sectors, driving their stock prices up.
Technological Advancements: Companies in the technology sector, which have a significant weight in the S&P 500, continue to innovate and grow. This growth can have a positive impact on the overall index.
Vaccine Rollout: The successful rollout of COVID-19 vaccines is expected to lead to a strong economic rebound, as businesses reopen and consumers start spending again.
Inflation Expectations: Moderate inflation can be good for stocks. It often leads to higher prices for goods and services, which can translate into higher corporate profits.
Nvidia Big Test Coming UpNvidia has been retracting some of it's monstrous gains lately. To stay below the $946 area brings $813 into view as the next downside target. A sustained break of $946 should deliver a new high...however, this pattern higher looks very corrective.
I favor $813 before new highs.
Best to all,
Chris
🚀 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.
NIKE BULL AFTER EARNINGS 120Nike’s stock looks bullish over the longer-term after breaking up from a falling channel pattern on the daily chart1.
If Nike receives a bullish reaction to its earnings print and remains above the 50-day SMA, the eight-day EMA will cross above the 21-day EMA, which would be bullish1.
Wells Fargo analyst Ike Boruchow added Nike to his top picks list, stating, "We simply believe the recovery characteristics and self-help story now beginning at make for a more compelling long idea into 2024
Nvidia - Volatility At The TopHello Traders, welcome to today's analysis of Nvidia.
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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.
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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.
Correction Coming for AI? AI technology has been recognized as the new future since the end of 2022. The rapid advancements in AI and its stock prices sparked debates regarding the sustainability of its current valuations.
Indeed, AI technology has a long runway ahead, but like all journeys, it will eventually encounter a bend. In today's tutorial, we are going to study its fundamental and technical reasons why we may have to prepare for a windy and bumpy ride ahead.
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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
NIO STOCK TO 10 BUCKS REASONS !!Strong Fundamentals
NIO has been consistently improving its fundamentals. The company’s vehicle deliveries have been growing quarter over quarter, demonstrating strong demand for its EVs. NIO’s battery-as-a-service (BaaS) model is also a game-changer, providing a competitive edge over other EV manufacturers.
Innovative Partnerships
NIO’s recent partnership with CATL to produce EV batteries that can last up to 15 years is another bullish indicator. This collaboration could lead to significant cost savings for NIO and its customers, potentially boosting NIO’s market share in the EV space.
Expanding Market
The EV market in China, the largest auto market globally, is expanding rapidly. The Chinese government’s push for green energy and the growing consumer awareness about environmental sustainability are driving this growth. As a domestic player, NIO is well-positioned to capitalize on this trend.
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.
NVIDIA 1000 SOON ?NVIDIA Corporation (NASDAQ: NVDA), a leading player in the technology sector, has been showing promising signs that could potentially drive its stock price to reach the $1000 mark. Here’s why:
Strong Financial Performance
NVIDIA’s financial performance has been impressive. In 2023, NVIDIA’s revenue was $60.92 billion, an increase of 125.85% compared to the previous year’s $26.97 billion1. Earnings were $29.76 billion, an increase of 581.32%1. This strong financial performance indicates a healthy and growing company.
Positive Analyst Ratings
The consensus rating for NVIDIA stock from 41 stock analysts is "Strong Buy"23. This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Future Growth Prospects
According to forecasts, NVIDIA’s revenue for the year 2025 is expected to reach $136.09 billion, representing a growth of 21.67% from the current year1. The EPS for the year 2025 is forecasted to be $30.41, representing a growth of 22.03% from the current year2. These growth prospects could potentially drive the stock price higher.
Dominance in AI and Gaming
NVIDIA’s pivotal role in the artificial intelligence market and its dominance in the gaming industry are key factors that could drive its stock price. The company’s GPUs are widely used in data centers, gaming, and AI, sectors that are expected to grow significantly in the coming years1.
Bullish Technical Indicators
Based on technical indicators, the current sentiment is bullish and NVDA could hit $2,813.93 in 20254. This might be a good time to open fresh positions on NVDA, as trading bullish markets is always a lot easier4.
While the road to $1000 may have its ups and downs, the combination of NVIDIA’s strong financial performance, positive analyst ratings, future growth prospects, and dominance in key sectors makes a compelling bull case for its stock.
18/03/24 Weekly outlookLast weeks high: $73775.8
Last weeks low: $69170.3
Midpoint: $64564.9
After making consecutive new ATH's Bitcoin has now experienced it's first prolonged pullback. Before these last few days we saw each dip as more of a leverage flush with a near instant V-shaped recovery. This however is more of a traditional pullback, the main level of note is the previous cycles ATH of SWB:69K . The MIDPOINT now signifies that level and for me and on the HTF a potential Swing Fail Pattern (SFP) . If we do see a clear rejection off SWB:69K This could be the start of one of Bitcoins signature 30% Bullrun pullbacks to punish late longers and any unexperienced retail holders. This would see price drop to FWB:52K area.
Personally I think leverage flushes are going to be common place as they always are and we are due a routine pullback, A pre-halving pullback occurred in the previous halving, -20% before rallying post halving. If we assume history will repeat itself then that would see price fill the large wick at GETTEX:59K from the previous flush, entirely possible in my opinion.
As for the bulls, the ETF'S have been buying up any sellside pressure since the beginning of the calendar year and with the halving only ~30 days away it's hard to see Bitcoins price being allowed to fall as what is essentially a land grab is going on, there are simply too many buyers.
The Nvidia AI conference begins today! Monday until Thursday and the crypto space is anticipating volatility to come from this event. Projects such as RNDR, FET, NEAR and other AI & DePIN tokens are expected to be impacted the most. The question is always going to be is this a sell the news event? The AI space has rallied significantly in the previous months however I would say that company with a valuation of $2.2T, (roughly 50% more than the entire market cap of Bitcoin) , bringing attention to these crypto projects and at least making the link between the two is a positive for the industry and can only bring more attention and money to the space.
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.
RNDR CUP & HANDLEI'm already positioned on RNDR from the bottom of the cup and the handle.
From now on, I'll accumulate every strong drop.
I'm waiting for the price to drop so I can buy more.
I'm expecting new ATHs for 2024/2025, be patient.
Is Nvidia and the Top 10 short opportunities? Nvidia’s stock price surge has triggered discussions of a potential "bubble" in AI stocks.
Cathie Wood, CEO of Ark Invest, has recently expressed her concern and reduced Ark's exposure to Nvidia, citing the possibility of overly optimistic expectations, prompting her to sell a modest $4.5 million worth of Nvidia shares. So perhaps she is not overly concerned about a bubble bursting.
But it's not just Nvidia that has some analysts worried. Torsten Sløk, chief economist at Rowan's wealth management, pointed out that the top 10 companies in the S&P 500 are currently more overvalued than the top 10 during the mid-1990s tech bubble.
Jeremy Grantham echoed concerns about overvaluation, warning of an impending burst of the AI bubble. But Grantham is a permanent wall street doomsdayer, so take this warning with some skepticism.
In contrast, Jamie Dimon, CEO of JPMorgan Chase, expressed optimism about artificial intelligence, emphasizing its tangible applications in various sectors such as cybersecurity and pharmaceutical research. Dimon stressed that unlike the hype surrounding the internet bubble, AI's potential is genuine and substantial.
Maybe this means that similarly inflated stocks like CrowdStrike (cybersecurity) and Eli Lilly (pharmaceutical) can live up to the potential that their high stock prices are indicating? Or maybe there are additional shorting opportunities with these two stocks?
NVIDIA - Has the bubble been burst?After the sharp drop that NVIDIA had on Friday, what consequences can we observe?
Has the bubble been burst? Are we going to attend strong corrective phases?
Following the line with the price at maximums on February 12 and 23, we can see that when it reached that resistance line last Friday, the price fell sharply.
Since then it has moved laterally, above the support of the 823 zone.
I think this is not a figure of exhaustion, but a stop and a lateral movement.
Microsoft started the sideways move before NVIDIA, and has been eating up time without hurting the price level.
For me, the trend is still bullish.
Guys, what do you think? Leave a comment with your thoughts.
Nvidia may have finally topped in Primary wave 3Off the Friday reversal (which was stunning over 100 points in range) I can now count 5 waves down in the micro timeframes. Whether this is a wave 1 or just an a-wave, we should get a retrace slightly higher before descending in a wave 3 or c-wave.
On any descent, Nvidia needs to hold $770. A breach of $770 brings $647 into view. I am currently
Best to all,
Chris
NVIDIA (NVDA) Inverse H&S Breakout ConfirmedPretty self explanatory. Not usually a fan of inverse H&S any more but this one has all the classic hallmarks without the questionable slanty neckline or asymmetrical shoulders.
NVDA stock looks ready to rock following recent U.S legislation limiting what semiconductors can be exported to China + Nvidia chips expected to be a major component in the growing AI industry, with tech giants like Microsofts investing $10 bill in ChatGPT.
Also, yknow, Pelosi has NVDA bags so that helps too.
See how this one goes.
AMD About To Go For 300% Blowoff Before Multi Year CorrectionAMD looks like it still has a lot more steam left. More so than NVIDIA. If I was holding NVIDIA I would sell and put it into AMD probably now.
I see a move up into the $600 range, hard telling what a top would be but that rising channel resistance will probably hold. Once rejected off that resistance itll be a slow and steady decline back down to double digits. The stock market and the overvalued stocks will slowly bleed out into Bitcoin and the Crypto market over these next ten years. A lot of these stocks are waaaayyy overvalued. Like stupidly overvalued. Its a bubble about to blow.
None of this is financial advice its just my opinion. Thank you
NVIDIA NASDAQ Topping Out Multi Year Correction IncomingNVIDIA and the whole stock market is topping out. I see a crash coming perhaps within the next month or two. NVIDIA has weekly bearish divergence on the RSI so a drop is imminent and a possible multi year downtrend as the chart shows. The valuation is over 2 trillion, thats a little ridiculous as are most valuations on these companies. This blowoff in the stock market is now the whales who bought at the bottom unloading their bags onto the new investors. I can see it in the comments. As soon as I read on a live stream that NVIDIA is going to save the world and go to 20k by some randinos, that indicates to me that its the top.
THIS BELOW IS A NEAT LITTLE READ, NOT MY OWN THIS IS BY Justin Gabriel | Feb 17, 2023
In 1929, at the height of an economic boom in America, Joseph Kennedy Sr. (father of JFK) was working as a stockbroker on Wall Street. As the story goes, Joseph was walking around when he decided to sit down for a shoeshine. While polishing his shoes, the young worker gave Joseph some of his favorite stock picks. When Joseph heard the shoeshine boy giving out stock tips, he figured the party was about to end, and it was time to get out of the market. Joseph proceeded to exit his positions in the market and bought short positions that bet on the market going down.
Shortly after that, the stock market entered a free fall. On Monday, October 28, 1929, the market dropped about 13%. The next day it fell another 12%. These became better known as Black Monday and Black Tuesday, and ushered the United States into The Great Depression.
NVDA Nvidia Buy the Dip OpportunityNVDA and MSFT stood out as my top picks for 2023!
On the chart, you'll find some of my past buy recommendations, such as this one before the earnings:
In my view, the current retracement presents a favorable 'buy the dip' opportunity.
Utilizing the Fibonacci retracement tool, I've identified a buy zone between the 0.618 level and 0.5, ranging from $785 to $821.
My year-end price target is set at $1100!
Most likely, we'll see a stock split soon, a move that is statistically considered bullish!
Nvidia's Meteoric Rise: A Rally Cools Amid Market TurbulenceIn a stunning reversal, Nvidia Corp.,( NASDAQ:NVDA ) the behemoth in the semiconductor industry, witnessed its most significant one-day drop in nine months, sending shockwaves through the market and prompting questions about the sustainability of its blistering rally.
Traders scrambled to lock in profits following an astonishing surge that saw Nvidia's ( NASDAQ:NVDA ) stock skyrocket by over 19% in just six consecutive trading days. The chipmaker's shares tumbled by 5.6% on Friday, marking the largest single-day decline since May 31. The magnitude of the drop was staggering, erasing approximately $130 billion in market value—a feat rarely witnessed in the annals of US stock market history.
Nvidia's ( NASDAQ:NVDA ) meteoric ascent this year has been nothing short of breathtaking, fueled by buoyant optimism surrounding the relentless demand for its chips, particularly in the realm of artificial intelligence computing. Despite the setback on Friday, the stock has still managed to post staggering gains, boasting an impressive surge of over 70% since the beginning of 2024. With a market capitalization hovering around $2.2 trillion, Nvidia ( NASDAQ:NVDA ) stands tall as the third-largest company in the S&P 500, trailing only behind tech titans Microsoft Corp. and Apple Inc.
However, signs of overheating were evident earlier in the session as Nvidia's ( NASDAQ:NVDA ) shares surged by as much as 5.1%, pushing key momentum indicators to dizzying heights. The relative-strength index soared above 85, reaching levels not seen since November 2021, signaling that the stock was ripe for a correction. The rapid ascent had triggered warnings of potential market turbulence, underscoring the need for caution amidst euphoric sentiment.
The pullback in Nvidia's ( NASDAQ:NVDA stock price serves as a sobering reminder of the inherent volatility in the markets, punctuating a period of exuberance with a dose of reality. While the long-term growth prospects for Nvidia ( NASDAQ:NVDA ) remain robust, investors are urged to tread carefully amidst heightened uncertainty and evolving market dynamics.
As Nvidia ( NASDAQ:NVDA ) navigates through choppy waters, the focus shifts to the company's ability to sustain its growth trajectory and weather the storm of market fluctuations. With innovation at its core and a track record of resilience, Nvidia is poised to emerge stronger from the current setback, reaffirming its status as a stalwart in the ever-evolving landscape of technology and finance.