NVDAThe price is moving inside upper channel the price will reach the resistant of trend base FIBO i am suggesting going short with stop lose 1300Shortby Tdawly_OfficialPublished 1
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 $26 billion revenue. That’s a clear invitation for other players in the ecosystem to swoop in and attack that profit margin. Rivals such as AMD (ticker: AMD ) could be looking to get involved in the battle for margin and launch a product that’s slightly better, slightly faster, and slightly cheaper than what Nvidia is making. The incentive is there — the question is when will a rival roll out a competitive product worthy of attention? Let’s Hear from You! What’s your take on Nvidia and the AI race? Do you own Nvidia shares or maybe AMD shares? Join the discussion below. Editors' picksby TradingViewPublished 2121 1.1 K
Turn NVDIA into10$ a Share Current Position and Market Overview • Current Position: One NVDA call option at $1210 expiring June 7, 2024. • Current Stock Price: $1150 • Upcoming Stock Split: 10-1 split on June 7, 2024. • Next Pivot Point: June 24, 2024 • Fibonacci Extensions: • 0.618 = $1290 • 0.5 = $1265 • 0.382 = $1238 Rolling my NVDA $1210 call exp. June 7 to $1250 call for July/Aug. Selling $1200 puts exp. Sept to collect premium and potentially buy shares post-split (10-1 on June 7). Plan to sell covered calls on acquired shares targeting Fibonacci levels. #OptionsTrading #NVDA This strategy helps you roll your existing options, sell puts to earn premium and potentially acquire shares, and continue earning premium through covered calls.Longby BullishBear1996Published 2
This is the time to try and shortThe last time NVDA had a meteoric exponential rise of 1500%, it had taken only three months to lose over half of its market cap. This coincided with the monthly RSI being severely overbought. I am proposing we will see the same occur at this level. Not only with the same overbought levels, but nearly double the absolute bottom to top gain we saw from the 2015 era. However, this time we are also at the peak of a trendline on the S&P going back to 1929 when we rejected the 535 level. I am proposing that Nvidia will see a sharp decline possibly to the 600 level within the coming months. Position: 4x 9/20/24 800p. 88% of remaining portfolio is in cash waiting for a 25% retracement on all indexes.Shortby jgdubUpdated 5353123
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. Longby bryandowningqlnPublished 3
Nvidia's Potential Breakaway Cup and Handle PatternNvidia's breakaway gap to the upside on June 3.2024 suggests that the stock could now be targeting a move to it's upside target of1192. Daily Chart Analysis, shows NVDA forming a Bullish Cup and Handle Pattern, at these levels. Keep in mind, that the stock will split 10 x1 this Friday June 7,after the close of trading, so traders now seem to be gunning the upward velocity of the coming split. Note ! LONG STOP at 1000 this week, or at 100 after split, trading June 10,2024 NVDA Last 1122.77 THE_UNWIND Woods Of Connecicut Longby The_UnwindPublished 5
NVDA: Buy ideaBuy idea on NVDA as you see on the chart because we have the breakout with force the resistance line by a big green candle follow by a large green volume.!Longby PAZINI19Published 1
NVDA Short: Using another 2 Fib Extension levelsNote that this is the 3rd time that I have suggested to short NVDA. The first time we were fortunate as price gapped up and thus the trade wasn't taken. The 2nd time was stopped out yesterday. And this is the 3rd time that I am calling for NVDA short. The risk-reward ratio is good. Keep it tight.Short02:27by yuchaosngUpdated 6610
Important section: 1071.36-1130.53Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (1M chart) The key is whether the price can be maintained by rising above the Fibonacci ratio 3.618 (1135.97), which is the peak of the major uptrend. If not, it is expected to form a downtrend and form a new trend. (1W chart) The Fibonacci ratio on the right is shown in the major uptrend. The Fibonacci ratio on the left is shown in the recent uptrend on the 1W chart. Accordingly, if the price is maintained above the right Fibonacci ratio 3.618 (1135.97), it is expected to rise to the left Fibonacci ratio 1 (1339.36). The important section on the 1W chart is around 848.46. Accordingly, if it fails to rise above 1130.53, it should check for support near 848.46. The rising channel indicated by the circle is a trend line connected between lows. Therefore, if it cannot rise within the current rising channel, the key is whether it rises along the rising channel between lows indicated by the circle. (1D chart) The HA-High indicator on the 1D chart is showing signs of being created at the 1071.36 point. Accordingly, the important section on the 1D chart is around 1071.36. Therefore, the section 1071.36-1130.53 is the important section. This volatility period is around June 4th (June 3rd-5th). Therefore, it is necessary to check in which direction it deviates from the section 1071.36-1130.53 after the volatility period. Have a good time. Thank you. -------------------------------------------------- - Big picture It is expected that a full-scale uptrend will start after it rises above 29K. The section expected to touch in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 ----------------- by readCryptoPublished 3
NVDA island reversal or is there further upside from here?On the macro side of things it seems like the dreaded stagflation scenario is more likely than not. With GDP slowing, inflation persisting and unemployment creeping up the overall economic outlook doesn't seem great. Add in the overseas tensions with two active wars and China seeming to increase aggressive talks on Taiwan, it would make any normal person hesitant to enter new positions. With all that being said I find it hard to believe any of that has an impact on NASDAQ:NVDA performance over the next 2-3 years. With their significant lead in both hardware and their dominance in software with CUDA I don't think any true market share will be taken from AMD or Intel. NVDA has done a great job of creating a community around its products and companies are afraid to stray away from their products because they don't want their investors to worry about them falling behind competition. Looking at the chart its had some significant bullish moves in the last month and many are worried of a potential island reversal. This is very possible with everyone worrying more and more about the economy, but I believe the corporate spend will continue to rise as many of the large cap companies have hoards of cash reserves to spend on R&D. Yes the lower end consumer is likely to be impacted over the next year, but the large caps are going to use their money now to advance their positioning in their subsequent markets. Yes the companies authorizing all this increase in spend for NVDA products will likely take a hit, but NVDA itself is likely going to continue dominating. I see a slight draw down coming after the stock split possibly retesting previous trend resistance around 1050, but inevitably continuing this monstrous bull rally. NASDAQ:NVDA NASDAQ:AMD NYSE:TSM NASDAQ:ASML Longby Average_Joe_OptionsPublished 0
NVDA likely wave pattern with FibsUsing elliot wave corrective 4-5 of 12345 to pull back to about 1000 . may be weaker pull back too another fib, then wave 5 pulse move up to about 1250 Golden Ratio. Then we get abc further into future after. Of course general market correction can interrupt this in mid Augustby TheAlien501Published 2
nvidia idea for U wa Gyi .....just a chart dont long it dont buy the top....Shortby tikyikhantPublished 1
NVDA moving up again after pullback. Nvidia hit a couple of my lower targets and basically formed a nice flag thereafter. Since then we have been looking at a break out. I think we can expect to see higher prices after that last gap fill to the down side. Not financial advice, DYOR. Longby ChartProphetPublished 8
NVDA: First week of June Hey everyone, Haven't given an NVDA idea in a bit despite day trading this almost every day so thought before I go away, I will provide my updated thoughts. As I suspected it would, NVDA invalidated the larger term bearish setup on the weekly timeframe to go to 1,000 +. I was expecting resistance at 1,000 but uh.. yeah, no. However, its really not looking good for NVDA at this point. We have another solid bearish setup on the daily timeframe: Putting the target at around 900. With the stock split coming up, this generally is bearish. This isn't NVDA's first split rodeo and the last split it had was indeed bearish. Probability is bearish leading into Monday. I expect NVDA to maybe see a bit of a sell at first and then range. Lots of fearless buyers on NVDA which makes the sells painfully agonizing. Immediate TPs are in the chart with relevant resistance lines. Invalidation of the bearish setup would require NVDA making a new ATH. If it does this next week, then the bearish setup is gone. If it fails to make an ATH then the bearish setup is in full force and effect. It technically printed a confirmation candle of bearish setup today though, so keep that in mind. Won't be able to update as away next week but, at the end of the day, let the price action do the talking and not opinions and biases. Watch the threshold levels and trendlines! Safe trades everyone! by SteverstevesPublished 4437
NVDA: Is the incredible run coming to an end?NVDA chart is as bullish as it can get. Monthly close is as strong as it can get. There is nothing bearish about this at this moment. And this is where I get my spidey senses tingling. I am looking at a couple little things to be cautious. 1. Price hit the 2.618 fib extn from cycle wave 1 and 2. This is as good place as any to complete primary wave 3. Regardless of what the future holds, this extension is a great resistance. The reaction from this spot has been pretty sharp, but there is no sign of deeper damage yet. 2. RSI negative divergence: On the monthly timeframe the divergence is very clear. On daily timeframe, things are very frothy. There is no indication of a macro turn yet, but this is where things get unpredictable. We need to see where the weekly closes. At this point no bearish setup until we see a weekly close below 900. After stock split things might start to get interesting.by mukit1Published 3
May 31: More downside to correct Oct 2023 rallyNASDAQ:NVDA on weekly produced a bearish evening star candle, which coincides with bearish RSI divergence on the weekly and also 5 waves complete from Oct 2023. More downside is expected, as seen in 1 hour chart where the first 3-wave (wxy) drop in the last week of May had RSI divergence which needs to be erased in a double correction. Likely drop to at least retest the major psychological level of 1000.Shortby TraderBwaterPublished 2
NVDA to 1300 in next breakout. I believe NVDA will be $2,000 in a flash. but that's larger time frame. For now let's focus on seeing it hit $1,300 first. Not financial Advice. But Most people didn't notice my MSTR ideas when I was banging the table. It was $487 and I believed it would hit $800 first. then after i saw the strength to $1,300 and quick support it created above $1,000, I KNEW $2,000 was coming. Same vibes here. NFA - thoughts onlyLongby sully357Published 1
Signs of Exhaustion in NVIDIA Rally, Correction LoomsAfter the spectacular rally of recent weeks, signs of fatigue are emerging in NVIDIA's stock. A correction at this point would be healthy, although it could be severe. If we apply both a volume profile and Fibonacci levels, we find an extraordinarily conspicuous confluence in the range between $950 and $960, just above the open gap from May 22, 2024 (Earnings Day). However, the confluence area does not completely fill the gap, which aligns with the typical market behavior of not fully closing price gaps, but rather reversing shortly before, thereby shaking out greedy bears from their positions.Shortby OchlokratUpdated 2
Time to pay the piper NVDAThe last two mega caps to fall are nvda and aapl, i think nvda has a date with destiny near 1000 for expiration day Friday. Planning to wait for AM pop. If 1109-1121 hold for the first hour, I want to buy 1100p 0dte. Shortby Pogchamp99Updated 2
Head and shoulders forming on NVDAThat's it, We have a classic head and shoulders pattern forming on NVDAShortby xanonymous0utlawxPublished 1
Resistance Take Profit"NVDA stock seems to be on an upward trend with clear profit points if analyzed from resistance levels and signals sent from anticipated prices. With both anticipated price levels in mind, what strategies would you suggest?"Longby fame2533Published 3
Nvidia Major Top at 1,158.19Nvidia Corporation (NVDA) Elliott wave count from its major bottom made in October 2008 appears complete. On 05/30/24 NVDA high was 1,158.19. Major Fibonacci resistance is at 1,157.70 almost a bullseye hit. Daily MACD – Histogram has flattened out. Stochastic has bearish lines cross. None of the other “Magnificent Seven” stocks confirmed NVDA new high. None of the three main U.S. stock indices made new all-time highs. If NVDA has made a major top it could signal the beginning of a multi-month decline in U.S. stocks. Shortby markrivestPublished 7
NVIDIA to 2kNVIDIA following 2017 BTC factal nicely. Blow off top looks halfway through with still around 85% upside. Coincided nicely with a top forming around election time. Strap in and ride this rocket to 2k. Longby rcpberridge88Published 222