Get started

Nvidia

NVDA - Nvidia Stock AnalysisBased on Technical Analaysis the idea is to go long Fundamental News: Nvidia is a GPU giant that’s ready to benefit from the expansion of the global gaming market for years to come. The company also had the foresight to expand into data centers and elsewhere. The firm closed in late April its $7 billion acquisition, its largest ever, of Mellanox Technologies to help bolster its data center unit. Plus, NVDA’s new Ampere architecture is set to play a key role within AI-focused chips and in cloud computing. Back in May, NVDA topped our Q1 estimates, with sales up 39%, driven by an 80% climb in data center revenue—which topped $1billion for the first time. Nvidia’s longer-term earnings estimates have climbed since its report and the stock is currently a Zacks Rank #3 (Hold). And Wall Street has rewarded NVDA’s growth story, with shares up nearly 200% in the past 12 months to destroy the broader semiconductor market’s 43%. Nvidia is also up 15% in the last month, heading into the release of its second quarter fiscal 2021 financial results that are due out on August 19. With this in mind, NVDA’s revenue is projected to surge 42% and 33%, respectively in Q2 and fiscal 2021. At the bottom end of the income statement, NVDA’s adjusted earnings are projected to soar 56% and 36.5% over this same stretch. Peeking ahead, Nvidia’s adjusted FY22 EPS figure is expected to jump another 22% higher on 18% stronger sales. NVDA also pays a dividend and has a solid balance sheet to boot.
NASDAQ:NVDALong
by Mauriello
Nvidia Hits Major Resistance Level.AMD and NVDA are both hitting a top of channel Resistance on larger timeframes. I am looking at $460 for a potential short on nvidia. I will play a tight stop and see if it can break above the channel. If it did break above you would want to see it establish a new support level above old Resistance, then you could play it going up. But for now I will stick to the rules and look at this as a potential reversal. If sellers stepped up we could see a potential 20% retracement. Risk a little for a potential bigger move down. The spx500 is almost back to all time highs, I don't think we will blow right through. We could see some correction in the markets first, then we can see where we want to establish support. It will be an interesting month. Best of luck
NASDAQ:NVDA
by UnknownUnicorn2319099
7
NVIDIA LevelsI could see a little more pump, but I'm not buying these tops. Four hour TTM looks like its rolling over. Speculating how much correction we see here will be correlated to all major indices corrections. I'm thinking that with the legislation on the twenty seventh of July with Facebook, Apple, Google and Amazon, we'll see something that causes some sort of dip. I could see massive pumping before then and maybe a bit after, similar to the pump we saw in December before the covid news was used to provide the backdrop for massive profit takings at the expense of the lay person.
NASDAQ:NVDAShort
by Fall0ut0fTh15
1
Taiwan Semiconductor Next-Generation Automobile TechnologyTaiwan Semiconductor Next-Generation Automobile Technology Platform Go to the Invest2Success Blog and or Contact Me for the Details NYSE:TSM NASDAQ:NVDA NASDAQ:NXPI NASDAQ:QRVO NASDAQ:TSLA $TSM #taiwansemiconductor $NVDA #nvidia $NXPI #nxpsemiconductors $QRVO #qorvo $TSLA #tesla #automotive #electricvehicles #autonomousdriving #semiconductors #technology #coronavirus #financialforecast #stocks #stockstowatch #stockmarket #wallstreet #nyse #sp500 #investing #investors #trading #traders #elliottwave #markets #finance #economy
NYSE:TSMLong
by Reyes808