Nvidia Stock Eyes Apple’s 2nd Spot After Monster 30% Gain in MayChip giant racked up nearly $700 billion in market cap last month and is on track to become the world’s second-largest company.
If you’ve been extremely online and following the headlines for a while, you know how this blog will kick off: Nvidia (ticker: NVDA ) crushed, smashed, and shattered all expectations while reporting record profits and revenue. The artificial intelligence (AI) bonanza is so strong it’s literally no-froth-gains-only out there.
Not that much in the loop? Let’s catch you up. For the fiscal first quarter, Nvidia reported record revenue of $26 billion, up 262% year-over year. Along the way, shares of the AI-focused company soared past $1,000 a pop and the stock is now threatening to overtake iPhone maker Apple (ticker: AAPL ) as the world’s second-largest company .
Blink and You’ll Miss It. You Blinked, Right?
Not that long ago — in March 2019 — Nvidia was a little-known GPU provider with its niche found in the gaming sector and the crypto mining corner. And, worth mentioning, it was chugging along as the 84th company in the world by market cap with shares changing hands at $30 a piece.
Fast-track to nowadays, Nvidia’s market cap hovers near $2.7 trillion after gaining a monster 3,755% from its March 2019 lows. It also swooped in as the third-biggest company globally, replacing Amazon (ticker: AMZN ).
Nvidia’s Big Gains Could Dethrone Apple
The AI mainstay picked up more than $700 billion, or 30%, in valuation over May as its shares hit a record high of $1,160. The big leap positioned the company’s market cap less than 10% shy of Apple’s $2.95 trillion. This said, another $250 billion and Nvidia will become the second-biggest company in the world, trailing Microsoft ( MSFT ), valued at $3.2 trillion. That is, if Apple stays where it is now.
The iPhone maker, on the other end of the spectrum, is having a rough year. The victim of a monopoly lawsuit , Apple is witnessing its shares linger around a 3% gain for the year, compared with Nvidia’s 130% rise.
What’s more, spiraling iPhone sales in China added to the brewing troubles.
Can Nvidia Sustain Its Bonkers Revenue Growth?
Looking forward, Nvidia expects to rack up revenue of $28 billion for the current quarter . Recent quarterly performance shows that this type of guidance is not only being met, but it’s being comfortably exceeded.
That’s what happens when you have big tech companies lining up to be your loyal customers. Nvidia is happily selling its hot hardware to the biggest and baddest out there — Microsoft (ticker: MSFT ), Google (ticker: GOOGL ), Tesla (ticker: TSLA ) and privately-held ChatGPT parent OpenAI are all scrambling to get their hands on the powerful chips made by Nvidia.
These heavyweights usually pre-order the good stuff and sign contracts worth billions and billions of dollars, allowing Nvidia to predict how much revenue it will bring in over a quarter.
Coming for That Margin
Investors poured hundreds of billions into Nvidia as they sought to capture the AI train. What this has done to the industry is to propel a single company to the forefront while leaving a huge gap for the rest of the companies that a) have ample amounts of cash to invest, and b) are looking to get a piece of the AI action.
Here’s Nvidia’s weak point: it boasts a huge profit margin. For the past quarter, Nvidia churned out a net income of $14.88 billion on its $26 billion revenue. That’s a clear invitation for other players in the ecosystem to swoop in and attack that profit margin.
Rivals such as AMD (ticker: AMD ) could be looking to get involved in the battle for margin and launch a product that’s slightly better, slightly faster, and slightly cheaper than what Nvidia is making. The incentive is there — the question is when will a rival roll out a competitive product worthy of attention?
Let’s Hear from You!
What’s your take on Nvidia and the AI race? Do you own Nvidia shares or maybe AMD shares? Join the discussion below.
Nvidia_analysis
Nvidia Unveils Rubin AI Platform: New Frontier in Generative AIAt the 2024 Computex trade show in Taipei, Nvidia CEO Jensen Huang sent ripples through the tech world with the announcement of their next-generation AI platform, codenamed Rubin. Scheduled for release in 2026, Rubin promises to be a game-changer, pushing the boundaries of generative AI and accelerating its integration across various industries.
Huang's vision is clear: a new industrial revolution driven by AI. This vision is fueled by the ever-growing demand for high-performance AI hardware, and Nvidia is positioning itself at the forefront of this revolution. By unveiling Rubin alongside the Blackwell Ultra chip slated for 2025, Nvidia is signaling a commitment to annual upgrades in their AI accelerator technology.
This focus on rapid development reflects Nvidia's dominant position in the AI chip market, currently holding an estimated 80% market share. Rubin's arrival in 2026 signifies a significant leap forward in Nvidia's AI hardware capabilities. The platform will encompass not just next-generation GPUs, the workhorses of AI training, but also novel central processing units (CPUs) and networking chips.
While specifics about Rubin's architecture remain under wraps, some key details have emerged. The platform will leverage the next iteration of High-Bandwidth Memory (HBM4), a crucial component for tackling the data bottlenecks that often hinder AI development. Manufacturers like SK Hynix, Micron, and Samsung are expected to be instrumental in supplying this next-gen memory.
Beyond the hardware, Huang emphasized the importance of software and services in democratizing AI. This aligns with Nvidia's recent efforts to expand its software offerings, providing developers with user-friendly tools to harness the power of their AI hardware. It's likely that Rubin will be accompanied by a robust software ecosystem, enabling seamless integration and streamlined workflows for various AI applications.
The potential applications of Rubin are vast. Generative AI, a subfield of AI focused on creating new data, is expected to see a significant boost. This could revolutionize fields like drug discovery, where AI can be used to design new molecules with specific properties.
Additionally, advancements in natural language processing (NLP) facilitated by Rubin could lead to more sophisticated chatbots, capable of carrying on nuanced conversations and even generating creative text formats like poems or code.
However, significant challenges remain. Ethical considerations surrounding bias in AI algorithms and the potential misuse of generative AI capabilities need to be addressed. Additionally, ensuring equitable access to this powerful technology will be crucial to prevent exacerbating existing inequalities.
Despite these challenges, the potential benefits of Rubin are undeniable. Nvidia's commitment to annual advancements in AI hardware, coupled with a focus on user-friendly software, positions Rubin as a catalyst for the widespread adoption of AI across industries. As 2026 approaches, the tech world will be watching with keen interest to see how Rubin ushers in a new era of generative AI and its impact on the global landscape.
NVIDIA: Very Limited Upside Potential - A ScenarioNote: While predicting the future is impossible, the following game plan is based on an analysis of current events, historical patterns, market bubbles, and the growing public fear of artificial intelligence.
Please bear in mind that I am an extropist who has been dreaming of the Singularity since I was seven years old, with a keen interest in financial and technological privacy.
1. Current Market Capitalization
Unsustainable Levels:
As of May 30th, 2024, Nvidia's market capitalization stands at a staggering $2.82 trillion USD. This valuation reflects extremely high growth expectations and significant optimism about Nvidia's future prospects. However, such a lofty valuation may not be sustainable in the face of potential risks and headwinds.
Valuation Metrics:
Key valuation metrics such as the Price-to-Earnings (P/E) ratio are also at historically high levels, indicating that the stock is priced for perfection. Any deviation from expected growth or profitability could lead to sharp corrections.
2. AI Regulation in 2025
Intensive Regulations:
There are growing concerns that the AI industry, which Nvidia heavily relies on for growth, will face stringent regulations by 2025. Governments worldwide are increasingly wary of the ethical implications, data privacy issues, and potential misuse of AI technologies.
Impact on Growth:
If new regulations impose strict compliance requirements, limit data usage, or introduce hefty fines, Nvidia's AI-driven revenue could be significantly impacted. Compliance costs would rise, innovation might slow down, and the overall profitability could decline, leading to reduced investor confidence and lower stock valuations.
3. Incoming Lawsuits
Patent Infringements and IP Disputes: Nvidia is frequently involved in legal battles over intellectual property and patent infringements. As the company expands its technology portfolio, the risk of lawsuits increases, which can lead to costly settlements or prolonged legal battles.
Class Action Lawsuits: There is also the potential for class action lawsuits from shareholders if Nvidia fails to meet its lofty expectations or if there are any perceived misrepresentations of its business prospects. Legal troubles can drain resources and divert management attention from growth initiatives, negatively impacting stock performance.
4. Geopolitical Risks: China Invading Taiwan / World War 3
Supply Chain Disruption: Taiwan is a critical hub for semiconductor manufacturing, with companies like TSMC (Taiwan Semiconductor Manufacturing Company) playing a crucial role in Nvidia's supply chain. An invasion by China could disrupt this supply chain, leading to shortages, production delays, and increased costs for Nvidia.
Market Sentiment: Geopolitical instability typically spooks investors, leading to market sell-offs. A conflict involving Taiwan would create uncertainty around Nvidia's ability to maintain its production levels and meet market demands. This uncertainty can drive investors to pull out, causing a decline in stock prices.
Trade Restrictions: In the event of a conflict, the US and its allies might impose sanctions or trade restrictions on China, further complicating Nvidia's operations and supply chain. These restrictions could limit Nvidia's access to essential materials or technology, affecting its long-term growth prospects.
5. Social Unrest Due to AI Impact
Mass Riots Over Job Losses: As AI technology advances, millions of jobs are at risk of being automated. This could lead to significant social unrest as people face unemployment and economic hardship. Mass riots and protests against AI-driven job displacement could create a hostile environment for companies like Nvidia, leading to negative public perception and potential backlash.
Intellectual Property Theft Concerns: AI technologies have been criticized for infringing on the intellectual property rights of artists and creators. This could lead to increased legal challenges and a loss of support from the creative community. Public outcry and legal actions from artists claiming that their work is being used without permission could further tarnish Nvidia's reputation and create financial liabilities.
In Conclusion:
While Nvidia has enjoyed a remarkable rise in its stock price, several factors suggest that its current valuation might be unsustainable. The potential for heavy AI regulations, a surge in lawsuits, geopolitical risks related to China and Taiwan, and social unrest due to AI-driven job losses and intellectual property theft present significant headwinds. Coupled with the current market capitalization at an unprecedented $2.82 trillion USD, these factors collectively argue for a more cautious outlook, suggesting that Nvidia's stock may not have much room to rise further and could even face a significant correction.
And as Always: This is NO Financial Advice, Do your own Research.
CYANE
Nvidia Stock Surges Above $1,000 up by 5%Nvidia ( NASDAQ:NVDA ) has surged above the 1,000 level for the first time in a year, with its market cap racing past $2.5 trillion. The chip giant's earnings and sales growth have led it to pass or challenge Apple ( NASDAQ:AAPL ) and Microsoft ( NASDAQ:MSFT ) as the world's most valuable company. Nvidia ( NASDAQ:NVDA ) stock surged 15.1% last week to a record 1,064.19, blasting past 1,000. The chip giant increased its market cap by $338 billion to $2.661 trillion as of May 24, just behind Apple ($2.913 trillion) and not far from Microsoft ($3.196 trillion).
At the end of last year, Nvidia ( NASDAQ:NVDA ) had a $1.22 trillion market cap, lagging Google parent Alphabet ( NASDAQ:GOOGL ) and Amazon.com ( NASDAQ:AMZN ) in addition to Apple and Microsoft. Out of the Magnificent Seven stocks, Nvidia only had a higher valuation than Meta Platforms (META) and Tesla ( NASDAQ:TSLA ).
On May 22, Nvidia ( NASDAQ:NVDA ) reported Q1 2025 earnings per share of $6.12, up 461% vs. a year earlier, with revenue soaring 265% to $26.04 billion. Analysts expect Nvidia earnings to soar 107% in fiscal 2025 to $26.85 a share, followed by a 31% gain in fiscal 2026 to $35.12.
Microsoft, Apple, and the other Magnificent Seven stocks have various catalysts, but a lot of that reflects AI growth, or at least AI growth hopes that are good news for Nvidia. Megacap techs are spending massively on AI, with a lot of that going directly on Nvidia chips.
At the current $2.662 trillion valuation, Nvidia ( NASDAQ:NVDA ) just needs a 12.8% advance to reach $3 trillion, which would also pass up Apple's current valuation and greatly narrow the gap with Microsoft. Nvidia stock rose 4.5% early Tuesday, pushing the market cap above $2.75 trillion.
The Dow Jones Industrial Average fell Tuesday morning, as Wall Street digested economic data in the form of two housing reports. Artificial intelligence giant Nvidia rallied to more record highs, while GameStop ( NYSE:GME ) soared on the stock market today after raising nearly $1 billion from a stock sale.
Technically, NVIDIA Corp ( NASDAQ:NVDA ) stock is currently overbought with a Relative Strength Index (RSI) of 78.10.
A Golden Age for Splits? Nvidia's MoveNvidia's recent announcement of a 10-for-1 stock split sent ripples through the tech industry. Investors cheered the move, with the stock price surging 9% to a record high. But beyond the immediate impact on Nvidia, Bank of America (BofA) suggests this could be the first domino in a wave of tech stock splits. This article explores the implications of Nvidia's split, the factors driving potential future splits, and the historical trends associated with this strategy.
Nvidia's Split: A Catalyst for Change?
Nvidia's stock price, hovering around $1,000 before the announcement, undoubtedly played a significant role in the decision. With a lower share price after the split, the stock becomes more accessible to individual investors, potentially broadening its investor base. This aligns with BofA's observation that Nvidia is already a favorite among retail investors, according to a May 22 Vanda Research report.
BofA analysts see the split as a positive sign, highlighting a trend of "shareholder-friendly policies" within large-cap tech companies. They also point to historical data suggesting that companies undergoing splits tend to experience strong returns in the following year.
A Landscape Ripe for Splits?
BofA's note identifies 36 companies within the S&P 500 with share prices exceeding $500, potentially making them candidates for future splits. This includes tech giants like Microsoft and Meta Platforms, whose stock prices are approaching that threshold.
There are several factors making the current tech landscape ripe for stock splits:
• Soaring Stock Prices: Fueled by technological advancements and strong demand, many tech stocks have experienced phenomenal growth in recent years. This has pushed share prices to record highs, potentially creating a psychological barrier for some retail investors.
• Accessibility and Liquidity: A lower share price can make a stock more attractive to individual investors, increasing overall trading volume and liquidity. This broader investor base can potentially lead to a more stable stock price.
• Psychological Impact: A lower share price can make the stock appear more affordable, even if the underlying value of the company remains unchanged. This can trigger increased buying interest, particularly among retail investors.
Beyond Price: The Strategic Considerations
While share price is a key factor, companies considering a split should also weigh other strategic considerations:
• Signaling Confidence: A stock split can be seen as a sign of management's confidence in the company's future growth potential. This positive signal can improve investor sentiment and potentially attract new investment.
• Maintaining Momentum: A well-timed split can capitalize on a company's positive momentum, further propelling its stock price upwards. However, a poorly timed split during a market downturn might not yield the desired results.
• Cost and Complexity: Implementing a stock split involves administrative costs and logistical complexities that companies need to consider.
Historical Trends and Potential Outcomes
BofA cites historical data showing that stock splits have generally been followed by positive returns. They argue that splits don't dilute the company's value, but rather make it more accessible to a broader investor base. This can lead to increased trading activity and potentially higher valuations.
However, it's important to note that correlation doesn't imply causation. While past trends suggest positive outcomes, future performance remains subject to market conditions and individual company fundamentals.
The Road Ahead: A Spliting Tech Future?
Nvidia's stock split has reignited the conversation around this strategy within the tech industry. With numerous companies sporting high share prices, BofA's prediction of a potential wave of splits holds merit. This trend, if it materializes, could have several implications:
• Increased Retail Investor Participation: Lower share prices could attract more retail investors to the tech sector, potentially boosting overall market activity.
• Enhanced Liquidity: Broader investor participation can lead to higher trading volumes and improved liquidity for these tech stocks.
• Short-Term Volatility: The implementation of splits could lead to short-term market volatility as investors adjust their positions.
Conclusion
Nvidia's stock split may be a harbinger of a larger trend within the tech sector. Companies with high share prices might consider following suit to broaden their investor base and potentially enhance long-term value. However, the decision to split should be a strategic one, carefully evaluating both the potential benefits and the associated costs and complexities. As the market watches Nvidia's post-split performance, it will be interesting to see if this move ushers in a new era of tech stock splits and how it shapes the investment landscape in the coming years.
WHY This is ALTSEASON ?? 💥💯 Cycyle 3: Rising of the Altcoins !WHY This is ALTEASON ??
Cycle 3 // Bullrun 3 💥💯
Lets see on Total2 Marketcap
Look closer..
Volume: ✅
Significant volume increases in the bottom zone point to a trend reversal.
Gaussian Channel: ✅ (green)
as with other trend reversals, the channel changed from red to green
Level2: Bullish Area ✅
See on chart
Media Attention: Starts ✅
Ethereum ETF: On the road ✔
BTC Halving: On the road ✔
FED Interest rate cut: On the road ✔
Global Adapt: On the road ✔
...these are the known ones
I would like to approach the subject from different angles.
NVIDIA ? hmm.. Why Nvidia ?
>>Now I will show you the comparison of major altcoin charts with nvidia. this will mean a lot to us.
ETHUSD/NVIDIA
This is Real, Details on the chart.
XRPUSD/NVIDIA
>This chart shows us XRP times
TOTAL2/NVIDIA
> Lets see buy zones
AND JUST NVIDIA
Total2 is now on a bullish eve.
You see the technical levels. We are above the trend midline and this zone is a strong support.
In the back we have mayer multiple bands and gaussin channel in colour.
Analysis plain and simple. now only patience.
Nvidia Stock Surges After Exceeding Earnings Expectations Nvidia Shares Surge Over 6% in Premarket Trading
Shares of Nvidia ( NASDAQ:NVDA ) rose more than 6% in premarket trading on Thursday following the company's impressive first-quarter results and CEO Jensen Huang's remarks about the soaring demand for its upcoming AI-optimized chip.
Nvidia, a California-based semiconductor giant, has seen its data center graphics processing units (GPUs) become crucial to the development of generative AI products. As a result, Nvidia's performance is now viewed as a key indicator of AI demand and a significant influence on broader market sentiment. U.S. stock futures also climbed in response to the report.
"The next industrial revolution has begun," Huang stated. "AI will bring significant productivity gains to nearly every industry, helping companies become more cost- and energy-efficient while expanding revenue opportunities."
Nvidia Stock Surges After Exceeding Earnings Expectations
Nvidia has exceeded market expectations with its April quarter results, solidifying its status as a crucial stock globally. CEO Jensen Huang highlighted the company's pivotal role in the evolving tech landscape, stating, "The next industrial revolution has begun. Companies and countries are partnering with Nvidia to shift traditional data centers to accelerated computing, creating AI factories to produce a new commodity: artificial intelligence."
Nvidia's sales soared 262% in the first fiscal quarter to $26 billion, marking an 18% increase from the previous quarter. Earnings per share, excluding non-cash costs, reached $6.12, up 461% from the previous year and 19% from the prior quarter, surpassing Wall Street's estimates of $5.60 per share. Under generally accepted accounting principles, earnings were $5.98 per share.
The company also provided robust guidance for the July quarter, projecting revenue of $28 billion, surpassing the average Wall Street forecast of $26.6 billion. Nvidia's dominance in the AI platform sector was underscored by a more than fivefold increase in sales to cloud-computing data centers, which totaled $22.6 billion or 87% of total revenue. Chief Financial Officer Colette Kress noted that large cloud providers were significant contributors, accounting for approximately 45% of all data center revenue in the quarter.
Into the Omniverse: SoftServe and Continental Accelerate Digitalization with OpenUSD and Generative AI
In response to the increasing demand for seamless and connected driving experiences, SoftServe, a leading IT consulting and digital services provider, has collaborated with Continental, a prominent German automotive technology company, to create the Industrial Co-Pilot. This virtual agent, powered by generative AI, helps engineers streamline maintenance workflows.
SoftServe enhances manufacturers' operations, like those of Continental, by integrating the Universal Scene Description (OpenUSD) framework into virtual factory solutions. These solutions, including the Industrial Co-Pilot, are developed on the NVIDIA Omniverse platform, further optimizing efficiency and productivity.
South Korea Unveils $19 Billion Package for Chip Industry
South Korea has announced a 26 trillion won ($19.09 billion) package to bolster its semiconductor market. The initiative, revealed by President Yoon Suk Yeol during a meeting with government officials, includes a 17 trillion won investment plan through the Korea Development Bank for chip producers and suppliers to enhance semiconductor infrastructure.
Despite the country's current 1% share in the global fabless industry—a term for semiconductor companies without production lines—President Yoon emphasized the strategic importance of this sector. "Semiconductors are a field where all-out national warfare is underway. Winning or losing depends on who can make cutting-edge semiconductors first," Yoon stated.
Nvidia - Earnings, Channel, $1.000!Hello Traders and Investors, today I will take a look at Nvidia .
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Explanation of my video analysis:
If you are objectively looking at the stock chart of Nvidia, you can see that Nvidia is currently trading in a solid rising channel formation. But as we are speaking, Nvidia is retesting the upper resistance and considering that we just saw a rally of +700% without any real correction, it is quite likely that we will see at least a short term bearish rejection from here.
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Keep your long term vision,
Philip (BasicTrading)
NVIDIA - ready for the earnings?
Regarding Nvidia, we maintain our view that Wave ((iv)) has concluded, and we are currently on the path to completing the overarching Wave 3. We anticipate this wave to reach between $1032 and $1300, which we consider the maximum potential target range for now.
We observed an accumulation phase from June 2023 to January 2024. This area might become significant again, possibly next year, as a zone for placing new entries. Currently, the market has left a lot of imbalances and shows very little volume on the way up because the price has been consistently surging.
With the earnings report due today, we can expect around 8.7% volatility in either direction, depending on the earnings outcome. It’s common to see even greater fluctuations than anticipated during such events. We will find out this evening after the market closes. For now, everything points towards the continuation of the upward trend.
Zooming in, it's clear that since reaching the 461.8% level, where we perfectly completed Wave ((iii)), we have seen the formation of Waves (i) and (ii) in the current move to complete wave ((v)). We anticipate expanding this upwards within the trend channel. Our tentative expectation is that the upcoming earnings report might outperform expectations, which would align with the chart’s indications.
If earnings exceed expectations, we could see a spike to a new all-time high, followed by a retracement marking Wave (iv) and then an overshooting Wave (v).
The target zones for Wave ((v)) are similar to those of Wave 3, lying between the 50% and 61.8% Fibonacci extensions. Specifically, we are looking at a range between $1123 and $1192.
After reaching these levels, we expect a significant pullback towards the Wave 4. This scenario would align with typical Elliott Wave patterns and provide opportunities for strategic entries and exits.
Nvidia Earnings Poised for Surge as AI Adoption Faces ScrutinySemiconductor giant Nvidia prepares to deliver its first-quarter earnings report on Wednesday, a closely watched event for investors gauging the health of the artificial intelligence (AI) sector.
Market Expectations Point to Explosive Growth
Analysts anticipate a banner performance from Nvidia, fueled by surging demand for its AI chips. Revenue and profits are projected to exhibit exponential growth, with estimates suggesting:
Adjusted earnings per share: $5.65 (400% year-over-year increase).
Revenue: $24.69 billion (200% increase from the prior year).
The Data Center segment, driven by cloud service providers like Amazon and Google, is the primary growth driver. The Gaming segment also contributes positively.
Emerging Challenges in the AI Landscape
Despite positive projections, Nvidia faces potential headwinds:
Transitional Hiccups: The shift from Hopper to Blackwell architecture might cause temporary sales slowdowns as customers wait for the new, more powerful chips.
Competitive Pressures: Tech giants like Amazon developing custom AI chips could threaten Nvidia's market share.
Positive Outlook Prevails Despite Cautious Optimism
Overall sentiment remains optimistic. Nvidia is a leader in the AI chip market, with analysts bullish on its future. The stock price has reflected this confidence with a recent strong performance.
Upcoming Earnings Report: A Critical Barometer
Wednesday's earnings report will be crucial for gauging AI sector momentum and Nvidia's ability to navigate technological changes.
Trading Strategy
Buy at: $975.84
Take Profits at:
T.P_1: $986.77
T.P_2: $1000.00
T.P_3: $1028.34
T.P_4: $1051.81
T.P_5: $1085.00
T.P_6: $1114.86
T.P_7: $1146.96
T.P_8: $1161.76
T.P_9: $1191.66
Stop Loss at: $830.06
NVIDIA Earnings May 21 - Will Crypto AI Narrative AGIX Heat Up?Back in Feb 22, 2024 NVIDIA AI chipmaker reported Q4 2023 earnings per share of $5.16 with a posted revenue of $22.1 billion higher than expected. Biggest crypto AI narratives AGIX gained 37%.
Now the biggest question is: "Will AGIX token will lead the crypto market as NVIDIA is going to report earnings of Q1, 2024?"
YES , there is HIGH probability of greater reporting earnings by NVIDIA for Q1, 2024. The fact that Taiwan Semiconductor (TSMC) AI chipmaker Q1 earnings came in higher ($7.3 billion) suggests Nvidia’s could reveal the same.
Trade Setups with TP, SL and Entry is shown in the chart.
Good Luck!!!
NVIDIA Earnings May 21 - Will Crypto AI RNDR Heat Up?Back in Feb 22, 2024 NVIDIA AI chipmaker reported Q4 2023 earnings per share of $5.16 with a posted revenue of $22.1 billion higher than expected. Biggest crypto AI narratives RNDR rose upto 20%. .
Now the biggest question is: "Will RNDR token will lead the crypto market as NVIDIA is going to report earnings of Q1, 2024?"
YES , there is HIGH probability of greater reporting earnings by NVIDIA for Q1, 2024. The fact that Taiwan Semiconductor (TSMC) AI chipmaker Q1 earnings came in higher ($7.3 billion) suggests Nvidia’s could reveal the same.
Trade Setups with TP, SL and Entry is shown in the chart.
Good Luck!!!
NVIDIA Earnings May 21 - Will Crypto AI Fetch (FET) Heat Up?Back in Feb 22, 2024 NVIDIA AI chipmaker reported Q4 2023 earnings per share of $5.16 with a posted revenue of $22.1 billion higher than expected. Biggest crypto AI narratives FET rose up to 15%.
Now the biggest question is: "Will FET token will lead the crypto market as NVIDIA is going to report earnings of Q1, 2024?"
YES , there is HIGH probability of greater reporting earnings by NVIDIA for Q1, 2024. The fact that Taiwan Semiconductor (TSMC) AI chipmaker Q1 earnings came in higher ($7.3 billion) suggests Nvidia’s could reveal the same.
Trade Setups with TP, SL and Entry is shown in the chart.
Good Luck!!!
NVIDIA Earnings May 21 - Will WLD Heat Up?Back in Feb 22, 2024 NVIDIA AI chipmaker reported Q4 2023 earnings per share of $5.16 with a posted revenue of $22.1 billion higher than expected. Biggest crypto AI narratives supported by Sam Altmans's WLD jumped 33%.
Now the biggest question is: "Will WLD token will lead the crypto market as NVIDIA is going to report earnings of Q1, 2024?"
YES , there is HIGH probability of greater reporting earnings by NVIDIA for Q1, 2024. The fact that Taiwan Semiconductor (TSMC) AI chipmaker Q1 earnings came in higher ($7.3 billion) suggests Nvidia’s could reveal the same.
Trade Setups with TP, SL and Entry is shown in the chart.
Good Luck!!!
Nvidia to Report Q1 Earnings; Revenue Forecast at $24.65 BlnNvidia ( NASDAQ:NVDA ), the global leader in Artificial Intelligence (AI) hardware and software, is set to release its Q1 FY2025 earnings report on May 22, 2024. Analysts predict a significant revenue growth of $24.65 billion, driven by strong demand for AI-related products and services. Nvidia's net income is expected to increase to $12.87 billion from $2.04 billion a year ago, and earnings per share (EPS) are forecasted to rise to $5.17 from $0.82 in the previous year. This impressive financial outlook reflects Nvidia's robust market position and its ability to capitalize on the growing AI sector.
Nvidia's data center segment has been a key driver of its recent success, reaching a record high of $18.4 billion in Q4 FY2024. For Q1 FY2025, sales in this segment are projected to hit $21 billion, highlighting the expanding demand for AI-capable chips and infrastructure. The data center segment's performance will be closely monitored by investors and analysts, and its results are likely to have a considerable impact on the company's stock price.
Updates on the highly anticipated Blackwell platform, Nvidia's next-generation AI computing architecture, are also expected during the earnings call, providing further insights into Nvidia's future growth prospects and technological advancements. Analysts project Nvidia's revenue to be $24.65 billion for the first quarter of fiscal 2025, up from the previous quarter and more than tripling from the year-ago period.
Nvidia's data center segment has grown rapidly amid increased demand for its advanced computing chips capable of running AI workloads. Data center revenue reached a record-high $18.4 billion in the fourth quarter, beating the record it had set the prior quarter and more than five times what it was a year earlier. The data center segment could reach a fresh record of $21.17 billion in revenue for the first quarter of fiscal 2025, according to estimates compiled by Visible Alpha.
Nvidia - Another push higher from here?Hello Traders and Investors, today I will take a look at Nvidia .
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Explanation of my video analysis:
Nvidia stock has been trading in a rising channel formation for a couple of years. We saw the last retest of support in the beginning of 2023 which was followed by an unbelievable rally of 625% towards the upside. At the moment Nvidia is retesting the upper resistance but we might see a retest of the psychological $1.000 level first and then a correction.
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Keep your long term vision,
Philip (BasicTrading)
Meta Invest a Whooping $30 Billion in NVIDIA GPUsMeta has invested $30 billion in 1 million NVIDIA GPUs to improve its AI model training capabilities and push technological boundaries in AI development. The acquisition, which includes a million GPUs, is one of the largest in the technology industry for such equipment and represents a major milestone in Meta's strategic direction towards the development of advanced AI technologies.
Meta's current AI activities focus on refining and training more advanced editions of their Llama-3 models, but the process is slow and time-consuming, justifying the necessity of the new GPU acquisition. Another 500,000 GPUs were acquired to result in a total of one million GPUs, which were used to optimize Meta's AI training operation.
John Werner's comparison to the Apollo program in the summit session emphasizes the scale of Meta and its financial investment. To surpass the computational achievements of former space missions, Meta's investment is set to stretch the limits that AI could achieve in terms of speed, efficiency, and complexity of tasks processed.
However, the AI industry still needs serious challenges in the supply and costs of required components such as GPUs. The demand for high-performance GPUs has risen, leading to an increase in prices and middlemen in distribution channels. Technological advancements in the scalability of learning algorithms that would be able to use multiple GPUs in parallel would reduce the cost and foster faster AI development, making AI more affordable and efficient.
Meta's approach to AI development includes hardware procurement and using the enormous data produced over its platforms. This approach seeks to improve and broaden AI functionalities, which can enrich user experiences on social media platforms such as Instagram and WhatsApp. By becoming more central to Meta's product development and overall strategy, AI will change the influence and role of the tech giant in the technology sector.
Nvidia Stock Drops 4.18% on Weak Forecast from AMDThe semiconductor industry, known for its dynamic nature, faced a tumultuous day as Advanced Micro Devices ( NASDAQ:AMD ) delivered an uninspiring outlook for the upcoming quarters. The repercussions of AMD's subdued guidance rippled across the market, with its main rival Nvidia ( NASDAQ:NVDA ) feeling the heat, alongside other semiconductor giants like Skyworks Solutions. Let's delve into the details of AMD's forecast, its implications for Nvidia, and the broader semiconductor landscape.
AMD's Disappointing Guidance:
Despite meeting earnings expectations for the first quarter, AMD left investors wanting more with its revenue forecast. While the company raised its revenue target for the MI300 AI accelerator, it fell short of the market's ambitious expectations. Analysts had hoped for a more robust projection, aiming for figures closer to $4.5 billion to $5 billion. The disparity between AMD's forecast and market expectations triggered a significant sell-off, with AMD's stock plummeting over 9%.
Nvidia's Response and Market Reaction:
The impact of AMD's lackluster guidance extended beyond its own stock, as Nvidia, its primary competitor, also experienced a sharp decline. Nvidia, renowned for its dominance in the AI chip market, saw its stock retreat by approximately 5%. The correlation between the performance of these two tech titans underscores the intense rivalry and interdependence within the semiconductor space.
Skyworks Solutions Caught in the Crossfire:
Skyworks Solutions, a wireless-chip manufacturer heavily reliant on the smartphone market, faced its share of challenges amidst the semiconductor turbulence. Despite a modest beat in the March quarter, the company's guidance for the June quarter fell well below expectations. This disappointing forecast led to a staggering 15.4% drop in Skyworks stock, highlighting the vulnerability of companies exposed to rapidly evolving consumer trends.
Broader Market Implications:
The Philadelphia Semiconductor Index (SOX), a barometer of semiconductor performance, mirrored the turbulence witnessed by individual companies. The index, comprising the 30 largest semiconductor stocks in the U.S., slid by 3.9%, reflecting investor concerns about the industry's short-term outlook. The widespread sell-off underscores the sensitivity of the semiconductor market to company-specific forecasts and broader economic factors.
Nvidia ($NVDA) Plunge 10% on Friday's Trading SessionThe recent tumultuous journey of this AI-chip giant has left both seasoned investors and keen traders on edge, prompting a closer examination of its trajectory and potential future movements.
The Magnificent 7 Retreat: A Sector Under Scrutiny
NVIDIA's recent 10% plunge, amidst broader market jitters, signals a sobering reality for the so-called 'Magnificent 7' of U.S. mega-cap tech stocks. As the first-quarter earnings season unfolds, concerns over stretched valuations and macroeconomic uncertainties have cast a shadow over the sector.
From Tesla to Meta, Microsoft to Alphabet, the tech behemoths are facing heightened scrutiny. NVIDIA's sharp decline, coupled with losses in other tech giants, underscores the fragility of market dynamics and the daunting challenges ahead.
Unraveling the Rout: Understanding the Catalysts
The catalysts behind NVIDIA's downward spiral are multifaceted. Super Micro Computer's decision to withhold preliminary earnings data served as a trigger, amplifying anxieties across the AI sector. The lack of guidance from related stocks and concerns over earnings reports have exacerbated the sell-off, eroding investor confidence.
Moreover, broader macroeconomic factors, including the Federal Reserve's stance on interest rates and geopolitical tensions, have added to the market's unease. The ripple effects of these uncertainties have reverberated through NVIDIA's stock price, intensifying the volatility.
Charting the Course: Long-Term Resilience Amid Short-Term Volatility
Despite the recent turbulence, NVIDIA's long-term charts paint a picture of resilience. From its origins in the Bitcoin mining frenzy to the post-COVID rally, the stock has weathered multiple bull runs and bearish phases. While short-term moves may sting, the long-term bullish trend remains intact.
For long-term investors, maintaining a keen eye on support levels, particularly the critical $660 mark, is imperative. Any breach of this level could signal a potential shift in sentiment and warrant reevaluation of investment strategies. However, as of now, the stock's upward trajectory remains promising for those with a patient outlook.
Balancing Risk and Opportunity
In the wake of NVIDIA's recent downturn, navigating the path ahead requires a delicate balance of risk and opportunity. Traders must exercise caution, particularly in short-term positions, while remaining vigilant for potential rebounds.
Establishing robust stop-loss measures and closely monitoring key resistance levels can mitigate downside risks and capitalize on potential upside opportunities. Whether considering long or short positions, prudence and foresight are indispensable virtues in the volatile realm of NVIDIA's ( NASDAQ:NVDA ) stock.
Conclusion:
As NVIDIA's rollercoaster ride continues, finding stability amidst uncertainty is paramount. While the market may sway with each earnings update and geopolitical development, steadfast investors recognize the enduring value of NVIDIA's innovations and adaptability.
In the face of short-term fluctuations, the long-term trajectory of NVIDIA's stock offers a beacon of hope for those willing to weather the storm. By charting a course guided by diligence and insight, investors can navigate the turbulence and emerge stronger on the other side.
Nvidia - Struggling at the highs!Hello Traders and Investors, today I will take a look at Nvidia.
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Explanation of my video analysis:
For more than 6 years Nvidia stock has been trading in a pretty obvious rising channel formation. At the moment Nvidia stock is actually retesting the upper resistance trendline. Considering that Nvidia stock also rallied 650% over the past couple of months, it is quite likely that we will see at least a short term correction towards the downside, retesting the previous all time high.
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Keep your long term vision,
Philip (BasicTrading)
NVIDIA WEEKLY UPDATESGot bored on a dip, price of this stock filled the Weekly gap before it distribute to the higher 1000$ per stock.
Are you short? well lets see how this AI driven stocks .
This is not a financial advice folks. stay out your options trading, but its upto you.
This is just my view. Your view is different, we are humans we have different perspective in life.
My thoughts? distribute it to the higher bidder.
Follow for more.
Skip the chart folks, keep on grass daily.
Weekly is better than daily. ciao
$NVDA-#NVDA-Nvidia-Long IdeaEntry: Price broke through the trend line and the swing high of trend line. Will be looking to take longs from the bullish zone if the market taps it.
Stop Loss: Will be below the swing low.
Take Profit: TP1 will be at the bearish Zone, TP2 will be at the Highs.
Nvidia's Downturn: Correction or Cyclical Shift?Nvidia, the undisputed leader in graphics processing units (GPUs), has hit a rough patch. After a stellar run that saw its stock price reach record highs, the company has entered correction territory, with its share price dropping over 10% from its peak. This sudden decline has sent shockwaves through the tech industry, prompting questions about the company's future and the broader health of the chip market.
A Look Back: Nvidia's Meteoric Rise
The past few years have been a golden age for Nvidia. Fueled by the surging demand for high-performance computing across various sectors, the company enjoyed phenomenal growth.
• Gaming Boom: The surging popularity of video games, particularly during the pandemic lockdowns, led to a massive increase in demand for Nvidia's powerful GPUs, which are essential for delivering high-fidelity graphics experiences.
• AI Revolution: The rapid advancement of artificial intelligence (AI) applications, from self-driving cars to facial recognition technology, created a growing need for Nvidia's specialized AI processing units (AIGPU).
• Cryptocurrency Craze: The rise of cryptocurrencies like Bitcoin and Ethereum, which rely heavily on GPUs for mining, further boosted Nvidia's sales.
These factors combined to propel Nvidia's stock price to dizzying heights, culminating in an all-time high of $950 per share in late March 2024.
A Rude Awakening: Entering Correction Territory
However, the recent weeks have painted a different picture. As of April 10, 2024, Nvidia's stock price has fallen over 10% from its peak, officially entering "correction territory." This is typically defined as a decline of 10% to 20% from a recent high and is often seen as a sign of a market overcorrection or a fundamental shift in the company's prospects.
Possible Causes for the Downturn:
Several factors could be contributing to Nvidia's current woes:
• Market Saturation: The gaming industry might be approaching a saturation point in terms of high-end PC sales. This could lead to a decline in demand for Nvidia's top-tier GPUs.
• Cryptocurrency Volatility: The recent slump in cryptocurrency prices has led to a decrease in mining activity, potentially impacting Nvidia's sales to miners.
• Supply Chain Concerns: Ongoing global supply chain disruptions could be hindering Nvidia's ability to meet production demands, leading to shortages and price hikes.
• Analyst Cautiousness: Some analysts are expressing concerns about the sustainability of
Nvidia's growth trajectory, particularly in the face of increasing competition from other chip manufacturers.
Is This Just a Temporary Blip?
Despite the recent decline, some experts remain optimistic about Nvidia's long-term prospects. Here's why:
• The Metaverse Advantage: The burgeoning metaverse, a virtual reality-based online world, requires powerful graphics processing capabilities, which could be a major growth driver for Nvidia.
• AI Adoption Continues: The adoption of AI across various industries is expected to continue at a rapid pace, ensuring a sustained demand for Nvidia's AIGPUs.
• Innovation Powerhouse: Nvidia is known for its constant innovation and cutting-edge technology development. This could lead to new product categories and revenue streams in the future.
Navigating the Uncertainty: What Investors Should Consider
With conflicting signals emerging, investors are grappling with whether this is a buying opportunity or a sign of a more significant downturn. Here are some key considerations:
• Market Sentiment: Keep a close eye on the broader tech market and overall economic conditions. Factors like interest rate hikes and inflation can impact investor confidence and, consequently, technology stocks.
• Company Performance: Evaluate Nvidia's recent financial performance, future product roadmaps, and its response to emerging challenges. Are they taking steps to address supply chain issues or developing new markets?
• Analyst Opinions: While not infallible, analyst ratings can offer valuable insights into the potential risks and opportunities for Nvidia.
Beyond Nvidia: The Broader Chip Market
The correction in Nvidia's stock price might be indicative of a broader slowdown in the chip market. Investors should monitor other major chipmakers like AMD and Intel to gauge the overall industry sentiment.
Conclusion: A Crossroads for Nvidia
Nvidia undoubtedly faces headwinds, with its stock entering a correction territory. However, the company's strong fundamentals and position in high-growth markets like AI and the metaverse suggest its long-term potential remains intact. Investors should carefully consider the company's future prospects, the broader tech market landscape, and their own risk tolerance before making any investment decisions. The coming months will be crucial for Nvidia to navigate these challenges and demonstrate its ability to sustain its impressive growth trajectory.
