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Nvidia - Struggling at the highs!Hello Traders and Investors, today I will take a look at Nvidia. -------- 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. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:NVDA
by basictradingtv
11
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
NASDAQ:NVDALong
by D1GITALTRADES
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.
NASDAQ:NVDAShort
by bryandowningqln
Nvidia Enters Correction Zone After Plummeting by 10%Chipmaking giant Nvidia ( NASDAQ:NVDA ) finds itself navigating the stormy seas of correction territory. With shares down 10% from their recent all-time highs, investors are left wondering: what lies ahead for this AI powerhouse? Nvidia's ascent to prominence has been nothing short of remarkable, fueled by the insatiable demand for its graphics processing units (GPUs) in the era of artificial intelligence. From powering compute-intensive AI applications to serving as the backbone of data centers, Nvidia's chips have been instrumental in driving the AI revolution forward. However, as the dust settles and the euphoria of past gains fades, investors are left pondering the reasons behind Nvidia's recent downturn. One catalyst could be the unveiling of Intel's new AI chip, Gaudi 3, which promises to rival Nvidia's most advanced offerings. Boasting superior power efficiency and faster AI model processing capabilities, Intel's chip represents a formidable challenge to Nvidia's dominance in the AI space. Moreover, analysts at D.A. Davidson have raised concerns about a potential cyclical downturn on the horizon for Nvidia. They point to factors such as the shrinking size of AI models and increased competition from alternative solutions, which could dampen demand for Nvidia's stock in the coming years. Despite these headwinds, Nvidia ( NASDAQ:NVDA ) remains a titan in the world of AI technology, with a track record of delivering stellar financial performance. The company's recent earnings report showcased a staggering 486% jump in non-GAAP earnings per diluted share, underscoring the continued strength of its business. As investors grapple with the uncertainty of market corrections and the evolving landscape of AI technology, Nvidia stands at a crossroads. Will it weather the storm and emerge stronger than ever, or will it succumb to the pressures of increased competition and shifting market dynamics? Only time will tell. In the meantime, investors would be wise to keep a close eye on Nvidia's strategic moves and technological advancements, as they may hold the key to its future success in an ever-changing landscape. Technical Outlook Nvidia ( NASDAQ:NVDA ) stock is in a downward Trend with the stock closing at 2% loss in Tuesday's trading session. With a weak Relative Strength Index (RSI) of 44.99 paving way for further decline. Nvidia's ( NASDAQ:NVDA ) 4-month price chart shows a three-black bearish crow candlestick pattern further attesting to the bearish trend of this thesis. In conclusion, while Nvidia ( NASDAQ:NVDA ) may be facing challenges in the present moment, its long-term prospects remain promising. As it adapts to the evolving demands of the AI market and navigates the complexities of correction territory, Nvidia has the potential to emerge as a resilient and enduring force in the world of technology.
NASDAQ:NVDAShort
by DEXWireNews
Nvidia - Entering a bear market!Hello Traders and Investors, today I will take a look at Nvidia. -------- Explanation of my video analysis: For more than 6 years, Nvidia stock has been trading in a long term rising channel formation. We had the last retest of support in 2021 which was then followed by a +650% rally towards the upside. As we are speaking Nvidia stock is retesting the upper resistance of the channel and we might see a short term correction towards the downside to retest the previous all time high. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:NVDA
by basictradingtv
64
Introducing Nvidia's Next Generation AI Hardware and Software OfNvidia has officially introduced its next generation AI hardware and software offering, setting a new standard in the industry. With cutting-edge technology and innovative solutions, Nvidia is paving the way for the future of artificial intelligence. This new offering promises to revolutionize the way we approach AI, providing faster, more efficient, and more powerful solutions than ever before. With Nvidia's state-of-the-art hardware and software, traders can expect increased performance, improved accuracy, and enhanced capabilities to stay ahead in the market. Now is the time to invest in Nvidia and take advantage of this groundbreaking technology. Don't miss out on the opportunity to be a part of the future of AI. Join us in long Nvidia today and be a part of the next generation of innovation.
NASDAQ:NVDALong
by bryandowningqln
Unveiling the Plot to Dethrone Nvidia's AI DominanceA coalition of tech giants spearheads a revolutionary effort to break Nvidia's stranglehold on AI development by targeting its software fortress. In the high-stakes arena of artificial intelligence, where innovation is the currency of power, Nvidia ( NASDAQ:NVDA ) has long reigned supreme. With a market cap soaring to $2.2 trillion, fueled by their cutting-edge AI chips and the proprietary CUDA software platform, Nvidia's dominance seemed unassailable. That is, until now. A formidable coalition of tech titans, including Qualcomm, Google, and Intel, has clandestinely assembled to challenge Nvidia's hegemony. Their audacious plan? To unravel the very fabric of Nvidia's advantage: its software stronghold. At the heart of this insurgency lies the UXL Foundation, a consortium dedicated to liberating developers from the clutches of Nvidia's proprietary ecosystem. Armed with Intel's groundbreaking OneAPI technology as its vanguard, UXL aims to forge a new frontier of open-source software capable of powering an array of AI accelerator chips, unshackling developers from Nvidia's grip. "We're showing developers how to migrate out from an Nvidia platform," declares Vinesh Sukumar, Qualcomm's AI and machine learning luminary, hinting at the seismic shift underway. But this isn't merely a skirmish over software; it's a battle for the soul of AI innovation. Bill Hugo, Google's director and chief technologist of high-performance computing, emphasizes the broader significance: "It's about creating an open ecosystem, promoting productivity, and fostering choice in hardware." The stakes couldn't be higher. With UXL's technical steering committee poised to finalize specifications and refine the blueprint for a software revolution, the industry braces for a paradigm shift. Cloud-computing behemoths like Amazon and Microsoft's Azure loom on the horizon, poised to join the fray, signaling a tectonic shift in the AI landscape. Meanwhile, the burgeoning cadre of startups, armed with over $4 billion in venture capital, stands ready to challenge Nvidia's supremacy. Their numbers swell as they seek to exploit chinks in Nvidia's armor, fueled by a surge in funding and a fervent belief in their ability to disrupt the status quo. Yet, amidst the fervor of revolution, Nvidia ( NASDAQ:NVDA ) remains undeterred. Ian Buck, a stalwart executive, acknowledges the accelerating pace of innovation but remains resolute: "New ideas in accelerated computing are emerging from all corners of the ecosystem." In the face of this existential threat, Nvidia's greatest asset may not be its formidable hardware or even its venerable CUDA software, but rather the inertia of familiarity. As Jay Goldberg of D2D Advisory opines, "People have been using CUDA for 15 years, building their code around it." The battle lines are drawn, and the clash of titans is imminent. As the world watches with bated breath, one thing is certain: the outcome of this struggle will shape the future of AI for generations to come. In this epoch-defining showdown, the question remains: will software usurp silicon, or will Nvidia's reign endure?
NASDAQ:NVDALong
by DEXWireNews
NVIDIA 1000$?The AI chips make NASDAQ:NVDA makes a lot of noise, for those who can wait for price pullback wait below The idea is Buy, but if you want to short this be on your own, This is only my view on this stock, we might see 1000$ or not. if algo can manipulate the 9 number then this valid, if not were going lower. To a stock trader trade at your own risk, to longterm stock holder we wait below. Follow for more. My ideas is always out of your trading basis, so this might not your typical charts for stocks. If youre following me since then you might understand, not all of my ideas is working. Were not perfect so stop blaming someone on your losses. Trade it or own it. Follow for more.
NASDAQ:NVDALong
by D1GITALTRADES
7
Nvidia - Volatility At The TopHello Traders, welcome to today's analysis of Nvidia. -------- Explanation of my video analysis: For a decent period of time, Nvidia has been trading in an obvious rising channel formation. We had the last retest of support in 2022 so the rally of +600% towards the upside was actually quite expected. Nvidia is now approaching the upper resistance of the rising channel so there is a quite high chance that we will see at least a short term bearish rejection soon. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:NVDA
by basictradingtv
1
Nvidia's GTC 2024: Unveiling Next-Gen AI Chips and SoftwareNvidia ( NASDAQ:NVDA ), the titan of artificial intelligence semiconductors, kicks off its highly anticipated annual developer conference amidst fervent speculation surrounding new chip unveilings and software advancements. As Chief Executive Jensen Huang takes the stage for his keynote address, investors and tech enthusiasts alike await eagerly to witness the latest offerings that will shape the future of AI technology. The Quest for Innovation: At the heart of GTC 2024 lies Nvidia's relentless pursuit of innovation, epitomized by the unveiling of its next-generation AI processors. With competitors like Intel and Advanced Micro Devices vying for market share, Nvidia aims to solidify its leadership position by introducing the formidable B100 chip, poised to deliver significant enhancements over its heralded predecessor, the H100. Beyond Chip Design: While Nvidia's prowess in chip design is undisputed, the company's foray into software products further underscores its commitment to holistic technological advancement. Huang is slated to reveal a plethora of new software innovations, reflecting Nvidia's multifaceted approach towards shaping the AI landscape. With its software and services business reaching a remarkable annual run rate of $1 billion, Nvidia ( NASDAQ:NVDA ) demonstrates its capacity to drive innovation across both hardware and software domains. Return to In-Person Engagement: Amidst the backdrop of a post-pandemic world, Nvidia's decision to hold GTC in person for the first time since 2019 signifies a symbolic return to normalcy. With an expected attendance of approximately 16,000 individuals—double the figure of the last in-person event—GTC 2024 heralds a resurgence of interactive engagement and collaborative exchange within the tech community. The Grand Stage: Huang's keynote address, set against the backdrop of a Silicon Valley hockey arena, represents a fittingly grand stage for the unveiling of Nvidia's latest innovations. As the largest venue ever secured for such an event, it underscores the magnitude of anticipation surrounding Nvidia's announcements and the pivotal role the company plays in shaping the future of AI technology.
NASDAQ:NVDALong
by DEXWireNews
The Legal Quagmire: NVIDIA's Copyright Woes and the Future of AIIn the high-stakes world of technology and artificial intelligence, the recent legal entanglement of NVIDIA ( NASDAQ:NVDA ), a powerhouse in AI chip manufacturing, has sent shockwaves throughout the industry. The emergence of a copyright infringement lawsuit against NVIDIA ( NASDAQ:NVDA ), spearheaded by three authors, Brian Keene, Abdi Nazemian, and Stewart O’Nan, has not only cast a shadow over the company's integrity but also raised pertinent questions about the ethical use of intellectual property in AI development. The crux of the matter lies in NVIDIA's ( NASDAQ:NVDA ) AI NeMo development, which allegedly relied on a vast array of copyrighted works, including the aforementioned authors' books, to train its generative AI model. This revelation has ignited a firestorm of controversy, with the authors accusing NVIDIA ( NASDAQ:NVDA ) of unauthorized usage of their literary creations, thus infringing upon their copyrights. At the heart of the lawsuit is the assertion that NVIDIA ( NASDAQ:NVDA ), knowingly or unknowingly, incorporated these copyrighted materials into its AI platform, thereby reaping the benefits of others' intellectual labor without proper attribution or compensation. This not only raises serious legal implications but also underscores the ethical dilemma surrounding the exploitation of creative works in the pursuit of technological advancement. The ramifications of this legal battle extend beyond the courtroom, reverberating across the AI industry and financial markets alike. NVIDIA's ( NASDAQ:NVDA ) shares witnessed a significant dip of about 5.5% in value following the news of the lawsuit, signaling investor apprehensions about the company's legal liabilities and potential financial repercussions. Moreover, the lawsuit has cast doubt on NVIDIA's ( NASDAQ:NVDA ) reputation as a frontrunner in AI innovation, with stakeholders questioning the company's adherence to ethical standards and intellectual property rights. Amidst the legal wrangling and market volatility, one cannot overlook the broader implications for the future of AI development and its intersection with copyright law. As AI continues to evolve and permeate various aspects of society, the need for robust legal frameworks to govern its usage and safeguard intellectual property rights becomes increasingly urgent. The outcome of this lawsuit could set a precedent for how tech giants navigate the complex terrain of AI development while upholding ethical and legal standards. In response to the allegations, NVIDIA ( NASDAQ:NVDA ) has remained tight-lipped, opting not to comment on the matter publicly. This silence has only fueled speculation and uncertainty, leaving stakeholders grappling with unanswered questions about the company's involvement in the alleged copyright infringement. As the legal saga unfolds, it serves as a sobering reminder of the intricate ethical and legal considerations inherent in AI development. Beyond the courtroom drama and market fluctuations, it prompts a critical reflection on the responsibilities of technology companies, the rights of content creators, and the broader implications for society at large. In the ever-expanding landscape of AI innovation, navigating the fine line between progress and ethical integrity remains a paramount challenge—one that requires collective vigilance and unwavering commitment to upholding the principles of fairness, transparency, and respect for intellectual property.
NASDAQ:NVDA
by DEXWireNews
Nvidia - $1000 And Then DropHello Traders, welcome to today's analysis of Nvidia. -------- Explanation of my video analysis: Starting in 2018 Nvidia stock has been trading in an obvious rising channel formation. We had the last retest in August of 2018 which was then followed by a +650% rally towards the upside. Considering that Nvidia is now approaching the upper resistance of the channel, I do expect a (short term) pullback to retest previous support and then more continuation from there. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:NVDA
by basictradingtv
20
Nvidia's Spectacular Rise: A $2 Trillion ValuationNvidia ( NASDAQ:NVDA ), the powerhouse in AI chip technology, is poised to close with a staggering $2 trillion valuation, marking a historic milestone in the realm of tech giants. The ascent comes on the heels of an optimistic forecast from Dell Technologies, propelling Nvidia's ( NASDAQ:NVDA ) stock to new heights and igniting a broader rally in the AI sector. Dell's rosy outlook, particularly regarding the surge in orders for AI-optimized servers powered by Nvidia's ( NASDAQ:NVDA ) processors, served as a catalyst for the market frenzy. With Dell's shares soaring to record highs, Nvidia's ( NASDAQ:NVDA ) stock surged by 3.6%, solidifying its position as a dominant force in the AI ecosystem. At $2.05 trillion, Nvidia ( NASDAQ:NVDA ) now stands as the third most valuable company on Wall Street, trailing only behind tech behemoths Microsoft and Apple. This remarkable valuation underscores the pivotal role Nvidia ( NASDAQ:NVDA ) plays in shaping the future of AI-driven innovation. The ripple effects of Nvidia's success were felt across the semiconductor industry, with companies like Super Micro Computer, Broadcom, and Marvell Technology witnessing significant gains. The PHLX chip index itself rallied to a record high, reflecting the widespread enthusiasm for AI-related investments. Nvidia's stranglehold on the high-end AI chip market, with prominent clients including OpenAI, Microsoft, Alphabet, and Meta Platforms, highlights its unrivaled position in driving advancements in generative AI technologies. As demand for its components continues to soar, Nvidia's stock has emerged as the most traded on Wall Street, surpassing even the likes of Tesla. The meteoric rise of Nvidia's ( NASDAQ:NVDA ) stock, which has surged by 65% in 2024 alone, underscores the insatiable appetite for AI-driven solutions and the company's relentless pursuit of innovation. With its stock market value eclipsing that of tech giants like Amazon and Alphabet, Nvidia ( NASDAQ:NVDA ) has firmly cemented its status as a powerhouse in the tech industry. While Nvidia's ( NASDAQ:NVDA ) journey to a $2 trillion valuation is nothing short of remarkable, it also poses challenges and scrutiny. Questions about market dominance, supply chain constraints, and the sustainability of growth loom large as Nvidia ( NASDAQ:NVDA ) continues to chart its course in the ever-evolving landscape of AI technology.
NASDAQ:NVDALong
by DEXWireNews
NVIDIA technical analysisAnalyzing NVIDIA we can see a complex market picture. The large Elliott waves (orange) indicate five primary price movements, with three being impulsive waves upward (1, 3, 5) and two corrective waves (2, 4). The smaller Elliott waves (white) represent sub-waves within the larger upward trend of wave (5). Potential support at a yellow channel, which is aligned with previous troughs and peaks, suggesting it's a significant level for future price action. The correction that may occur is suggested by the Fibonacci levels drawn on the last impulse of wave (5). The 0.5 Fibonacci level, often acting as a significant retracement level, points to a potential support area around $600.76, while the 0.618 Fibonacci level indicates a price around $554.92. Cumulative volume showing increased activity during rises and falls, might indicate the strength or weakness of the price movement. Increased volume during the last upward impulse may suggest solid buying interest at these price levels. With these observations in mind, it appears that if a correction occurs, we could look for support along the yellow channel and the indicated Fibonacci levels. Considering the market dynamics and historical price behaviors, these areas might offer potential reversal points for further price movements.
NASDAQ:NVDA
by CryptoDiabloo
Nvidia's Meteoric Rise: How AI Dominance Propels GrowthUnraveling the Success Story of Nvidia Amidst AI Renaissance Nvidia ( NASDAQ:NVDA ), the trailblazing chipmaker, has once again set the tech world ablaze with its staggering performance and bullish projections. With an unprecedented surge in stock value, Nvidia ( NASDAQ:NVDA ) has firmly established itself as the pinnacle of innovation and market dominance in the realm of artificial intelligence (AI) and beyond. Riding the AI Wave The heart of Nvidia's ( NASDAQ:NVDA ) recent triumph lies in its unwavering commitment to pioneering AI-driven solutions. As the demand for AI accelerators skyrockets, Nvidia ( NASDAQ:NVDA ) finds itself at the forefront, supplying the critical technology that powers an array of AI applications, from chatbots to generative AI services. CEO Jensen Huang's proclamation that "accelerated computing and generative AI have hit the tipping point" encapsulates the zeitgeist perfectly. With global demand soaring across industries, Nvidia stands poised to reap the rewards of this burgeoning market. Exceeding Expectations Nvidia's ( NASDAQ:NVDA ) latest financial report sent shockwaves through Wall Street, surpassing even the loftiest of expectations. Bolstered by a staggering revenue forecast of $24 billion, the company continues to outshine its competitors, solidifying its status as the world's most valuable chipmaker. The fourth-quarter results, which sailed past Wall Street estimates, underscored Nvidia's relentless pursuit of excellence. As the company's market capitalization surpasses $1.89 trillion, investors eagerly anticipate further growth fueled by the AI computing boom. Unprecedented Growth Trajectory Nvidia's meteoric rise is a testament to its transformative impact on the tech landscape. From its humble beginnings as a provider of graphics cards for gamers, Nvidia ( NASDAQ:NVDA ) has undergone a remarkable evolution, emerging as a driving force in the AI revolution. The company's data center division, now its primary revenue generator, witnessed a staggering 409% increase in revenue, signaling the seismic shift towards AI-centric computing. With giants like Amazon, Meta Platforms, Microsoft, and Google among its top customers, Nvidia's influence reverberates across the tech ecosystem. Navigating Challenges However, Nvidia's ( NASDAQ:NVDA ) ascent hasn't been without its challenges. Mounting competition and regulatory hurdles pose significant obstacles to sustained growth. The emergence of rivals like AMD, armed with their own AI accelerators, presents a formidable challenge to Nvidia's dominance. Moreover, navigating complex export regulations, particularly concerning sales to China, requires adept maneuvering. Despite these challenges, Nvidia ( NASDAQ:NVDA ) remains undeterred, doubling down on innovation and strategic partnerships to maintain its competitive edge. The Road Ahead As Nvidia ( NASDAQ:NVDA ) embarks on its next chapter of growth, the possibilities seem boundless. With AI poised to revolutionize industries ranging from healthcare to finance, Nvidia's role as a catalyst for innovation has never been more pronounced. With visionary leadership, unwavering dedication to excellence, and a commitment to pushing the boundaries of technology, Nvidia ( NASDAQ:NVDA ) stands on the precipice of a new era of prosperity. As the world embraces the transformative power of AI, Nvidia's ascent seems destined to continue unabated, shaping the future of technology in the process.
NASDAQ:NVDALong
by DEXWireNews
Nvidia Stock Drops Ahead of High-Stakes Earnings ReportNvidia ( NASDAQ:NVDA ) has long been hailed as a prime beneficiary of the AI boom, with analysts projecting staggering revenue growth in the fiscal fourth quarter. However, with the stock trading at a hefty valuation and investors expecting nothing short of a blowout earnings report, there's little room for error. Any hint of disappointment could send shockwaves through the market. The recent sell-off hasn't gone unnoticed by seasoned investors. Bill Baruch, founder and president of Blue Line Capital, revealed that his firm had opted to cash in on Nvidia's ( NASDAQ:NVDA ) meteoric rise by selling a portion of their stake. Citing "tremendous call speculation" and a fear of an impending correction, Baruch's move underscores the prevailing sense of caution among market participants. Yet, amidst the sell-off, analysts have been revising their estimates upwards, underscoring the underlying strength of Nvidia's business. Server manufacturers have reported a surge in demand, fueling optimism about the company's near-term prospects. But the question remains: will Nvidia's results exceed even the loftiest of expectations? The uncertainty surrounding Nvidia's ( NASDAQ:NVDA ) earnings report has broader implications for market sentiment. As the fourth most valuable company in the S&P 500, Nvidia's performance could have an outsized impact on the index. With investors hungry for ever-greater returns, the pressure is on for Nvidia ( NASDAQ:NVDA ) to deliver, lest it disappoint a voracious market. In many ways, Nvidia's ( NASDAQ:NVDA ) rollercoaster ride encapsulates the volatile nature of tech investing. As investors brace for the earnings report, all eyes are on Nvidia ( NASDAQ:NVDA ) to see whether it can defy expectations once again.
NASDAQ:NVDA
by DEXWireNews
UPDATE: Nvidia reached our first target at $562, now what?Haven't done an update on Nvidia in ages! The last one I did was for the members in May 2023. So yes, the price broke up and out of the pattern - hit the target level at $562. Now what? I hate predicting Reversals when the market is trending up as there are elements of ego that play around. So if it goes up, go for it! But there are certain potential signs of a reversal. 1. The evening Doji Candle star - Indicates exaustion from the upside 2. The price is FAR away from the 200MA which the price likes to act like an elastic to head back to the mean. 3. The inclination is high for a trending market that it could be a bubble in the making. The fundamentals are strong and the earnings are good - But is the price going up faster than the consistencey of the company's numbers? Very likely. But a short term crash to $512 does not mean bad for the company. But rather a well deserved restracement to balance the demand and supply. Still very much bullish in the LONG RUN. Hesitant to buy in the short run (until there is a stronger Chart Pattern) analysis. Here are some updates fundamentally. FUNDAMENTALS - 21 Feb 2024 When Nvidia announces its fiscal fourth-quarter earnings after Wednesday's market close, it will come as the world's third most valuable public company, indicating high investor expectations. The company's stock price has surged significantly since the end of 2022, driven by soaring demand for its graphics processing units (GPUs), particularly those powering artificial intelligence (AI) technologies such as the H100 chip. Nvidia's chips are instrumental in developing advanced AI models like ChatGPT. With a market capitalization reaching about $1.8 trillion, Nvidia has surpassed Alphabet and Amazon, now trailing only Microsoft and Apple in valuation. Analysts from Bank of America note the steep rise in Nvidia's stock price, attributing it to a combination of fear, greed, and a broad investor pursuit of AI-related assets.
NASDAQ:NVDAShort
by Timonrosso
Nvidia - It Is Finally TimeHello Traders, welcome to today's analysis of Nvidia. -------- Explanation of my video analysis: In 2019 Nvidia stock started creating a long term rising channel and retested the lower support trendline the last time in 2022 before we saw a massive +600% rally on this stock. Nvidia is now retesting the upper channel resistance which I mentioned in the analysis and there is a quite high chance that we will see at least a short term correction towards the downside from here. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:NVDA
by basictradingtv
10
Nvidia - How Long Will It LastHello Traders, welcome to today's analysis of Nvidia. -------- Explanation of my video analysis: All the way back in February of 2014 we saw a breakout of a long term symmetrical triangle on Nvidia. This breakout was followed by an insane +9.500% rally towards the upside. Right now Nvidia is trading in a solid ascending channel and is approaching the upper resistance trendline. I do expect a (short term) pullback from there to retest the support mentioned in the analysis. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:AMD
by basictradingtv
9