[IBM] Monthly ATH in SeptemberNYSE:IBM close the September trading month by making ATH. Last time it did this was in 2010 & the price kept went ahead for the next 12 months. Would it has the strength to repeat the same history ? let see.
Cherio...
Artificial_intelligence
Artyfact(ARTY)==>>New AI Project==>+30%_+70%Today, I want to talk about the Artyfact( OKX:ARTYUSDT ) project , which tried to create an attractive game for users by combining Metaverse , Game , NFT , DAO and Artificial Intelligence(AI) .
Please be with me.🙏
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What is Artyfact(ARTY)!?
AI is rapidly changing the world and the gaming industry is no exception here. Artyfact setting a new standard for AI within the gaming industry, implementing innovative AI technologies that revolutionize not only the gaming experience, but also the game development process: - AI NPCs - AI content generation - AI cheat detection - AI Testing - AI Player-Experience Modeling - AI Data Analysis.
ARTY is a native deflationary cryptocurrency and governance token of the Artyfact ecosystem. The integrated Play-and-earn solutions maintain a constant demand for the ARTY, which continuously stimulates the growth of its value.
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The Artyfact(ARTY) project successfully completed the first part of its Roadmap . ( The first part was NFT Stage ). According to the information that came from the project team, the Beta Stage has been launched (just a few days), and we have to wait for the future events of the Artyfact(ARTY) project , all of which can increase the value of the ARTY token .
ARTY token has a good potential for price increase due to its low market cap .
You can buy ARTY tokens on different exchanges , and if they are listed on more exchanges, their value can increase.
Now, let's check which price zone we can buy in if we want to add ARTY tokens to our portfolio .
ARTY token failed to break the Resistance lines for the third time and is returning to the Heavy support zone($0.40-$0.34) and Potential Reversal Zone(PRZ) .
I expect the ARTY token to increase by at least 🚀 +30% 🚀 due to the heavy trading volume in the Heavy support zone($0.40-$0.34) . If ARTY can break the Resistance lines , we can expect the ARTY to increase even more than 🚀 +70% 🚀.
Note: If the ARTY token breaks the Heavy support zone($0.40-$0.34), we should wait for the further fall of this token.
Artyfact Analyze (ARTYUSDT), Daily time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
AiTECh Coming IN RangeThe chart displays the price movement of Solidus AI Tech (AITECH) against USDT on the daily time frame. Here's a breakdown based on the chart:
Current Price (September 30, 2024): $0.10873
Green Lines:
Upper Green Line: $0.09968 (First buying support level)
Lower Green Line: $0.09141 (Second buying support level)
These green lines represent potential support levels where traders might look to buy if the price pulls back to those zones. The recent price action shows a strong upward move followed by a retracement, with current levels suggesting the possibility of a bounce from the support zones marked by the green lines.
Is Tesla's Robotaxi the Future of Urban Mobility?Tesla, the electric vehicle pioneer, is poised to disrupt the automotive industry once again with its highly anticipated Robotaxi. As the company prepares to unveil this groundbreaking innovation, the world is abuzz with excitement and anticipation. But can Tesla truly revolutionize urban mobility, or will the challenges of autonomous driving prove too insurmountable?
The Robotaxi industry is still in its infancy, with companies like Waymo and Baidu taking early strides. However, Tesla's entry into this space could have a profound impact, given its strong brand recognition and loyal customer base. The company's advanced Full Self-Driving technology, coupled with its expertise in electric vehicles, positions Tesla as a formidable competitor.
Yet, the road ahead is fraught with challenges. Regulatory hurdles, safety concerns, and intense competition will test Tesla's mettle. The company must navigate a complex regulatory landscape, ensure the safety of its passengers and pedestrians, and develop suitable infrastructure to support the widespread adoption of Robotaxis.
Perhaps Tesla's greatest advantage lies in its existing customer base. Tesla owners are known for their early adoption of new technologies, which could give the company a leg up in gaining acceptance for its Robotaxi service. However, public trust and acceptance will be essential for the success of this revolutionary concept.
As Tesla prepares to unveil its Robotaxi, the world watches with bated breath. The future of urban mobility hangs in the balance. Can Tesla overcome the challenges and usher in a new era of transportation? Only time will tell.
TAO Bittensor, my revenge chart after my defeat.Project description:
Bittensor ( GETTEX:TAO ) is a decentralized machine learning protocol that incentivizes users to contribute computing power and train AI models on the blockchain. By leveraging a decentralized infrastructure, Bittensor aims to create an open, permissionless network for AI development.
Type of project:
Decentralized AI and machine learning protocol.
Is it under a block?:
Yes, Bittensor operates on its own blockchain, utilizing a decentralized network to facilitate AI model training and computation. GETTEX:TAO is used as the native token to reward participants who contribute to the network.
Latest update or news:
As of July 2024, Bittensor introduced Neuron Staking, allowing participants to stake their GETTEX:TAO tokens on AI models they believe will perform well, further aligning incentives within the network and driving improvements in model quality.
Narrative:
Decentralized AI, machine learning, blockchain infrastructure, and incentive-based computation.
Why is it a good investment?
Institutional Backers and Angel Investors:
1. Multicoin Capital:
Multicoin Capital has backed Bittensor due to its innovative approach to decentralized AI, seeing it as a key player in the future of decentralized machine learning networks.
Outlier Ventures:
Outlier Ventures, a venture capital firm known for supporting Web3 and AI projects, has invested in Bittensor, recognizing the importance of decentralized AI infrastructure.
KR1:
KR1, a European blockchain investment firm, has also supported Bittensor’s vision for open, permissionless AI model training on the blockchain, seeing it as a critical step toward decentralized AI systems.
2. Angel Investors:
Trent McConaghy (Founder of Ocean Protocol):
While not directly invested, McConaghy has expressed strong support for decentralized AI projects like Bittensor that utilize blockchain technology to democratize access to AI resources and data.
Sandeep Nailwal (Co-founder of Polygon):
Nailwal, known for supporting decentralized infrastructure projects, has voiced interest in Bittensor’s approach to incentivizing AI model training through decentralized computation, though no confirmed direct investment.
Futuristic Use Case:
Decentralized machine learning model training:
Bittensor enables the training of AI models in a decentralized manner, allowing participants to contribute computational power and data, which is crucial for building AI models that are not dependent on centralized entities.
Incentivized AI development:
Bittensor’s tokenomics incentivize participants to stake GETTEX:TAO tokens on high-performing AI models, aligning incentives across the network and driving continuous improvements in the quality of AI outputs.
AI model sharing across industries:
Industries such as healthcare, finance, and research can benefit from Bittensor’s decentralized AI models, which allow for the sharing and optimization of AI models across sectors in a transparent and permissionless way.
Secure and transparent AI computation:
By leveraging blockchain’s security and transparency, Bittensor ensures that AI models and computations are performed in a trustless environment, reducing risks associated with centralized AI model training.
Why will it make a significant amount of profits?
Unique competitive edge:
Bittensor stands out from traditional AI platforms by decentralizing the training and development of machine learning models. This creates an open and permissionless ecosystem where anyone can contribute to AI development and be rewarded, giving it a unique position in the AI market.
Growing demand for decentralized AI models:
As the AI industry grows, the need for decentralized infrastructure that allows for transparent, secure, and scalable AI model training will increase. Bittensor’s approach of incentivizing contributors with GETTEX:TAO tokens will attract more participants and developers, driving demand for the token.
Neuron Staking and incentivization model:
Bittensor’s Neuron Staking system allows participants to earn rewards by staking GETTEX:TAO on AI models they believe will succeed. This creates a sustainable revenue model while encouraging continuous innovation in AI development.
Revenue from AI model training and computation:
Bittensor generates revenue by offering decentralized AI model training and computation services. As more businesses and developers use its infrastructure for AI model optimization, the value of GETTEX:TAO tokens will increase due to the growing demand for decentralized computation.
AIT Protocol; One Stop Shop under TAO Bittensor!Project description:
AIT Protocol is a decentralized AI infrastructure platform designed to enhance the development and deployment of AI-powered applications by leveraging blockchain technology for secure data sharing, decentralized computation, and AI-driven services.
Type of project:
AI infrastructure and decentralized computation protocol.
Is it under a block?:
Yes, AIT Protocol operates on Ethereum and other compatible blockchains, utilizing smart contracts to manage AI-driven services and secure data exchange across decentralized networks.
Latest update or news:
As of August 2024, AIT Protocol launched its AI-as-a-Service (AIaaS) feature, enabling developers to access decentralized AI models and computation resources for building and scaling AI-powered applications on the blockchain.
Narrative:
AI infrastructure, decentralized computation, AI-driven services, and blockchain-based AI applications.
Why is it a good investment?
1. Institutional Backers and Angel Investors:
Pantera Capital:
Pantera Capital has invested in AIT Protocol, recognizing its potential to bridge the gap between AI and blockchain, focusing on decentralized AI applications and services.
Framework Ventures:
Framework Ventures has also backed AIT Protocol due to its unique AI infrastructure approach, enabling decentralized computation and AI services in a secure and scalable manner.
Outlier Ventures:
Known for supporting Web3 and AI projects, Outlier Ventures has invested in AIT Protocol to push the boundaries of decentralized AI and its integration with blockchain ecosystems.
2. Angel Investors:
Ben Goertzel (Founder of SingularityNET):
While not directly confirmed, Goertzel has shown interest in projects like AIT Protocol that focus on decentralizing AI and integrating it with blockchain for secure and scalable solutions.
Chris Dixon (a16z Crypto):
Dixon, a key figure in supporting blockchain and AI convergence, has expressed support for the type of decentralized AI services that AIT Protocol aims to provide, though no direct investment has been confirmed.
Futuristic Use Case:
Decentralized AI applications:
AIT Protocol enables developers to create AI-powered dApps that leverage decentralized computation and data storage, allowing for more secure and scalable AI models that can be accessed by a global user base.
AI-driven services for enterprises:
Enterprises can use AIT Protocol’s AI-as-a-Service (AIaaS) to integrate decentralized AI models into their business operations, providing automated insights, decision-making, and process optimization while maintaining data security.
Cross-chain AI integration:
AIT Protocol is designed to operate across multiple blockchains, enabling AI models to interact with different ecosystems and provide AI-driven services across various decentralized platforms and dApps.
Decentralized data sharing for AI training:
By leveraging blockchain technology, AIT Protocol allows secure, transparent data sharing for training AI models, solving critical issues related to data privacy and security in AI development.
Why will it make a significant amount of profits?
Unique competitive edge:
AIT Protocol’s focus on decentralized AI infrastructure gives it a competitive edge in both the blockchain and AI sectors, providing scalable AI solutions that are not tied to centralized entities, thus appealing to developers, enterprises, and AI enthusiasts alike.
Growing demand for AI services:
As the demand for AI-driven services continues to grow across industries, AIT Protocol’s decentralized AI infrastructure will attract more developers and enterprises looking for secure, scalable AI solutions, driving demand for NYSE:AIT tokens.
Revenue from AI-as-a-Service (AIaaS):
AIT Protocol’s AIaaS model creates a sustainable revenue stream by enabling developers and businesses to access decentralized AI models and computational power for a fee, which will drive the utility and value of the NYSE:AIT token.
Integration with Web3 and decentralized ecosystems:
As more decentralized applications and platforms seek to integrate AI capabilities, AIT Protocol will play a critical role in providing AI services across Web3 ecosystems, making it a key infrastructure player in the growing blockchain and AI intersection.
What Lies Beyond the Horizon of Memory?In the ever-evolving landscape of technology, the horizon of memory has been pushed back further than ever before. Micron Technology, a pioneering force in the semiconductor industry, has once again redefined the boundaries of what is possible. Their recent financial performance, driven by the surging demand for AI-powered memory solutions, is a testament to their unwavering commitment to innovation.
Micron's Q4 results were nothing short of extraordinary. Revenue soared by an astonishing 93%, fueled by the insatiable appetite for data center memory chips that power AI applications. The company's strategic positioning as a leading supplier of High-Bandwidth Memory (HBM) has proved to be a masterstroke. HBM, a critical component in AI servers, has become a cornerstone of Micron's success, securing long-term contracts and commanding premium pricing.
Beyond HBM, Micron's diversified memory portfolio ensures a sustainable growth trajectory. The company's dominance in DRAM and Nand flash memory, essential components for personal computers, servers, and smartphones, positions it to capitalize on the ongoing surge in device shipments and the increasing integration of AI functionalities.
Micron's competitive edge is further solidified by its strategic investments in capacity expansion, including a new fabrication site in New York. This expansion not only reinforces Micron's position as a leader in the memory chip industry but also paves the way for future innovation and growth.
As the AI revolution continues to unfold, Micron's unwavering commitment to pushing the boundaries of memory technology remains steadfast. Their ability to anticipate and address the evolving needs of the market has positioned them as a key player in shaping the future of AI and beyond. The question that lingers is: what lies beyond the horizon of memory?
Copper Gets Double Boost from China Stimulus & Fed Jumbo CutThe Fed’s outsized pivot last week and guidance for multiple cuts ahead helped copper’s recovery, as it increases chances of a soft landing for the worlds largest economy. Furthermore, lower rates are expected to bring mortgages down and help the real estate market.
Copper got a second boost this week, from a massive monetary stimulus package from China - the world’s top consumer. Authorities have been enhancing their efforts to prop the sputtering economy recently and the new measures constitute a step up. Crucially, these include lower mortgage rates on existing home loans and a reduction in rates for second homes, in further support for the ailing property sector.
These developments lead copper towards a third straight profitable week and the best month since April, with bulls now getting the opportunity to tackle 4.700. Along with the return of AI euphoria that drives the rebound of the chip industry (where copper is a critical component), there are prospects for further gains.
On the other hand, the Fed’s frontloading creates risk for inflation persistence and less cuts in the future, while China’s actions are in the right direction, but bolder measures are needed on the fiscal front. Furthermore, the move looks stretched technically so a pullback towards the EMA200 (black line) would not be unreasonable. However, the downside appears well protected and sustained weakness below the EMA200 looks hard.
Stratos Markets Limited (www.fxcm.com):
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Losses can exceed deposits.
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Past Performance is not an indicator of future results.
BitSensor - Ethical Decentralized AI PotentialOverall Sentiment: Extremely bullish.
Thesis: TAO's decentralized approach to AI development offers a compelling alternative to centralized AI models, especially in light of recent concerns about corporate control and AI safety. (OpenAI Becoming a for-Profit Entity and last of Original Board leaving)
Strengths:
Decentralized Governance: This model can mitigate risks associated with centralized control and potential biases.
Community-Driven Development: A decentralized approach can foster innovation and adaptability.
Potential for Ethical AI: Decentralization can promote transparency and accountability.
Market Opportunity: The growing demand for AI solutions and concerns about centralized control create a favorable environment for TAO.
Key Indicators:
Volume: Approaching all-time highs for the year.
Sentiment: Positive, especially following Mira Murati's departure.
Technical Indicators: Expanding Bollinger Bands and promising Ichimoku levels suggest potential upside.
Price Targets:
Strong Support: $478
Target 1: $684
Strong Resistance: $820
Breakout Zone: $1102-$1183
Mid-Term Target 1: $1461.8
Short-term Outlook:
Based on the current technical analysis and positive sentiment, TAO appears to be in a strong uptrend.
A potential short-term target is $684.
If the price breaks above the strong resistance level of $820, it could signal a significant bullish breakout.
Mid-term Outlook:
The mid-term target of $1461.8 is ambitious but achievable if the current positive momentum continues.
However, it's important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.
ZIG - Unprecedented StrengthTaking a stab at this one. AMEX:ZIG
Clear invalidation if it fails to trade above the gray block.
Since NYSE:FET has been outperforming most of the sector, some AIs should follow suit. This one, in particular, has held its ground in 2024 while many others have been struggling during this altcoin correction.
Simple plan...
Article Title: Is AI Just Hype?In the whirlwind of AI's rapid ascent, a critical question emerges: Is the hype surrounding AI justified, or are we witnessing a bubble fueled by inflated valuations and limited innovation? Let's delve deep into the AI industry, separating the signal from the noise and providing a sobering reality check.
The Super Micro Cautionary Tale
The financial woes of Super Micro Computer serve as a stark warning. Despite the soaring demand for AI hardware, the company's internal challenges highlight the risks of investing solely in market enthusiasm. This case underscores the importance of **industry openness** and **due diligence** in the face of AI's allure.
A Landscape of Contrasts
The broader AI landscape is a tapestry of contrasting narratives. While pioneers like DeepMind and Tesla are pushing the boundaries of AI applications, a multitude of companies are capitalizing on the hype with products lacking substance. This proliferation of **AI hype** has created a toxic environment characterized by inflated valuations and a lack of substantive innovation.
Market Dynamics and Future Prospects
As the market for AI hardware matures, saturation and potential price drops loom. NVIDIA's dominance may be challenged by competitors, reshaping the industry landscape. The future of AI, however, lies in the development of more sophisticated systems capable of collaboration and learning. The integration of **quantum computing** could revolutionize AI, unlocking solutions to complex problems that are currently beyond our reach.
Conclusion
The AI industry is a complex landscape, filled with both promise and peril. While the hype surrounding AI may be tempting, it's imperative to scrutinize each company's core innovation and value. As the market matures and competition intensifies, those who can deliver **real value** and **technological advancements** will ultimately prevail. The Super Micro case serves as a stark reminder that in the realm of AI, substance, not hype, is the true currency of success.
Palantir ($PLTR) | The AI Revolution's PowerhouseNYSE:PLTR
Palantir is no longer just a secretive "voodoo blackbox" company; its inclusion in the S&P 500 and its critical role in AI and data-driven government and commercial solutions have solidified its place as a dominant player in the AI software space. Known for its massive government contracts and deeply integrated AI systems like Gotham, Foundry, and Ontology, Palantir is a key asset in the ongoing AI revolution.
The AI Narrative: With AI continuing to reshape industries, Palantir sits at the intersection of AI and data integration, holding massive potential for the future. The company’s success will ride on government and commercial AI adoption, as well as the expansion of its key platforms.
The Setup: While we have scooped up initial entries between $7.50-$10 with multiple secondary entries on the way up, there will be more. This is a high conviction long-term play for the next decade. This is a top buy the dip stock.
Key Buy Zones: Any pullbacks to $30, $28, or $21.79 are optimal entry zones for long-term investors. If a government shutdown occurs, it could provide a rare buying opportunity as it would freeze spending temporarily, a catalyst that could help us get in lower before the inevitable resumption of contracts.
Long-Term Conviction: Palantir has proved that it's more than capable of scaling in the public sector and AI enterprise. This is a top-tier DCA (Dollar Cost Averaging) candidate, especially for those wanting exposure to the AI sector. We are confident that PLTR will never return to the teens again. Look to build positions on pullbacks for long-term holds.
The Targets:
$37 : Needs to break over this level to confirm continuation of strength, after which we would be looking for a retest of trend support from November 2022 ($28-$30).
$45+ : Long-term target by next year. With sustained strength in AI, the stock could exceed this.
$70 : Major long-term target.
Palantir is in a prime position to capitalize on AI’s growth trajectory. With strong AI software, deep government contracts, and powerful platforms in the commercial sector, PLTR is a multi-year hold with high upside. Investors should focus on accumulating during pullbacks, as this stock is one of the rare opportunities to ride the AI wave long-term.
Can the Tech Titan Weather the Storm?Nvidia, a leading force in artificial intelligence and semiconductor innovation, is now facing a critical juncture. The company has recently experienced a sharp decline in its stock price, compounded by an escalating antitrust investigation from the U.S. Department of Justice (DOJ). These challenges have sparked widespread concern about Nvidia's future and the broader implications for the tech industry.
The DOJ's probe centers on Nvidia's dominance in the AI chip market, with allegations of anti-competitive practices that may limit customer choices. The potential outcomes of this investigation could reshape Nvidia's business and influence the entire semiconductor landscape.
As Nvidia navigates these turbulent waters, its response will determine not only its own trajectory but also the future of AI-driven technologies. The company must address regulatory concerns, diversify its revenue streams, and continue to innovate if it hopes to maintain its leadership in the tech world.
In this time of uncertainty, Nvidia's ability to adapt and evolve will be crucial in determining whether it can emerge stronger or be eclipsed by emerging competitors.
Can Japan Weather the Semiconductor Tempest?In the intricate landscape of global semiconductor trade, Japan's recent decision to restrict exports of chipmaking equipment to China has ignited a tempest of geopolitical tensions. The move, while intended to limit China's technological advancements, risks triggering severe economic retaliation from Beijing. As a leading player in the semiconductor industry, Tokyo Electron finds itself caught in the crossfire, grappling with the potential consequences of this escalating dispute.
The semiconductor industry, a cornerstone of modern technology, is intricately intertwined with global economies. Disruptions to the supply of advanced chipmaking equipment could have far-reaching consequences, affecting industries from automotive manufacturing to artificial intelligence. The potential for economic retaliation from China, a major market for Japanese exports, further complicates the situation.
Japan's decision to impose export controls is driven by a strategic imperative to limit China's technological capabilities. However, this strategy carries significant risks. China has responded with a strong warning, threatening severe economic retaliation. The broader geopolitical context further complicates the situation, as the United States and its allies have been working to limit China's technological advancements.
The question remains: Can Japan successfully navigate this delicate balancing act, maintaining its economic interests while adhering to its strategic objectives? The answer to this enigma will likely shape the future of the semiconductor industry and the global technological landscape for years to come.
Island Gap Potential, Dark Pool Buy Zone, HFTsThis stock has the potential to form an island gap, which are caused by High Frequency Trading activity that triggers on news. The gap down was too huge, so fundamentals are above the current price. This would be a gap UP potential at this point, to create the island gap.
The lows have been established clearly, so selling short this stock is not wise. But smaller funds and retail may try, as they tend to sell short stocks within a Dark Pool buy zone. Chaikin Osc and Money Flow Index are moving upward but the angle of ascent on price is steeper. The faster price ascent could be rapid accumulation from derivative developers.
UIPath creates software for Robotic Process Automation. It was one of the stocks discussed in the Case Study I did with my students in the summer of 2022 on the disruptive new technologies to watch over the next decade.
NVIDIA to $180Overview
It's a good mindset to be skeptical about a bull market that doesn't seem like it should exist. The GDP (Gross Domestic Product) has declined for a second consecutive quarter to a 24 month low and the Civilian Unemployment Rate is the highest it's been since Nov 2021. This leads me to believe that the current rally is being mostly fueled by two factors surrounding artificial intelligence: hype and revenue. NASDAQ:NVDA is the leading A.I. developer and hasn't experienced a decrease in quarterly revenue since November 2022.
When faced with the unknown -- which in this case would be the direction of the stock market -- people cling to what they know. I believe this will present itself in more clearly defined trading patterns and price-swing predictability.
Technicals
NVDA is setting up a pattern that resembles the 5 Elliott Impulse Waves with each wave taking between 3-4 months to develop. If accurate, the trough of the 4th wave could find the share price in the proximity of $100-115.
I utilized Fibonacci levels against the low of the 2nd wave to the high of the 3rd wave. In addition to helping find a support level for the 4th wave, the uptrend Fibonacci tool also provided a projected price target near $180. I compared the 1.618 (161.8%) micro-Fibonacci retracement to the 1.618 macro-Fibonacci retracement, which consumes the entirety of the already existing patterns.
I took the difference of $18.19 between the projected 1.618 Fib levels then created a low and high range where I believe the 5th wave will peak. I ended my projection at this point, however, it is worth noting that impulse waves are followed by correction waves which serve in the opposite trending direction.
Nvidia's Stellar Rise Amidst the AI Gold Rush
Nvidia, the tech giant renowned for its high-performance graphics processing units (GPUs), has been riding a wave of unprecedented success. As the world dives deeper into the realm of artificial intelligence (AI), Nvidia's GPUs have become the indispensable hardware powering the most advanced AI models. This surge in demand has propelled Nvidia's stock to new heights, solidifying its position as a leader in the semiconductor industry.
The AI Revolution Drives Demand
The rapid advancements in AI technology have created a voracious appetite for computing power. Nvidia's GPUs, originally designed for rendering complex graphics, have proven to be remarkably efficient at handling the intensive calculations required for training and running AI models. Their parallel processing architecture allows them to perform multiple tasks simultaneously, making them ideal for the demanding workloads associated with AI.
As AI applications continue to expand across various industries, from healthcare and finance to autonomous vehicles and customer service, the demand for high-performance GPUs has skyrocketed. Companies like OpenAI, Meta, and Google are investing heavily in AI research and development, and Nvidia's GPUs have become a critical component of their infrastructure.
Nvidia's Strategic Moves
Nvidia has been proactive in capitalizing on the AI boom. The company has made significant investments in research and development to enhance its GPU technology and expand its product offerings. In addition to its traditional gaming GPUs, Nvidia has introduced specialized AI accelerators, such as the A100 and H100, which are optimized for AI workloads.
Furthermore, Nvidia has been expanding its ecosystem through partnerships and acquisitions. The company has collaborated with major cloud providers like Amazon Web Services, Microsoft Azure, and Google Cloud Platform to offer AI services based on its GPUs. This has made it easier for developers and businesses to access and utilize AI capabilities.
Challenges and Opportunities
While Nvidia's prospects appear bright, the company faces certain challenges. The semiconductor industry is cyclical, and there is a risk of a slowdown in demand for GPUs if the AI market experiences a correction. Additionally, competition from other chip manufacturers, such as AMD and Intel, is intensifying.
However, the long-term outlook for AI remains positive, and Nvidia's strong market position and technological leadership give it a significant advantage. As AI continues to penetrate various sectors, the demand for high-performance computing power is likely to grow, providing ample opportunities for Nvidia to expand its business.
Conclusion
Nvidia's success story is a testament to the transformative power of AI. The company's ability to leverage its GPU technology to meet the demands of the AI revolution has propelled it to the forefront of the semiconductor industry. As AI continues to evolve and reshape the world, Nvidia is well-positioned to capitalize on the growing market and maintain its leadership position.
CSCO Layoffs Positive for the StockNASDAQ:CSCO gapped up on its earnings report even though the company has failed to reinvent and failed to change to HyperAutomation in its IT departments quickly enough.
News of layoffs is considered a positive action on the part of the officers of the corporation who are responsible first and foremost to INVESTORS and cutting costs so that the company can slowly regain revenues and earnings for dividends for INVESTORS.
Delaying layoffs, which may be kind and thoughtful for employees, is a negative for INVESTORS, namely the giant Buy-Side Institutions, because it extends and worsens the financial condition of the company.
As more and more companies buy robots/robotics and AI technology, these will reduce payroll expenses and help to control internal business inflation, which is caused mostly by rising payroll expenses with declining productivity from the workforce of the company.
This is always misunderstood by retail groups who believe layoffs are a bad thing for the "economy." The world of commerce and the financial markets is not a fair or kind place.
TSLA Bearish Pennant
NASDAQ:TSLA
I'm torn on Tesla (TSLA). While I believe Elon Musk is a visionary leader, the stock's short-term outlook appears challenging. Increased pressure from Chinese manufacturers like BYD and broader macroeconomic headwinds make a bullish picture difficult.
Tesla is more than just an automaker, with tailwinds from its energy storage, self-driving, and robotics divisions. However, these aren't likely to materialize in the near term.
Recent Developments:
Broke below 200-day moving average (DMA).
Retested and failed to break above the 200-DMA multiple times.
Formed a bearish pennant pattern between the 200-DMA and 100-DMA.
Bullish Case: TSLA recently broke above a downward trend line and is finding support on the 100-DMA. If this holds, we could see higher highs compared to the most recent run-up.
Bearish Case: A break below the bearish pennant while below the 200-DMA could target the previous low this year. While there's a chance of a buying spree at that point, a continued decline is also possible.
PLTR: Broadening Wedge for an epic ending diagonalOwning PLTR would be a roller coaster ride for the last one year. This move is looking more like a broadening wedge formation. Even though it is not a very common ending diagonal pattern, it still can play out like one. RSI has been steadily making a lower high as price is making higher high. Each impulse is met with crushing correction and invalidated patterns. Long and short equally reckt. All signs point to an ending of an expanded wave 5. Price can hit all time high by end of this year or get close. My target would be at least $40, which would be 1:1 with minute degree wave 3. We should expect a pull back in the next couple of weeks and then a steady move up. I don't have a position but I will be watching this last move carefully to target a short for intermediate degree wave 2 short and followed by a generational entry point for intermediate wave 3. Hopefully, sometimes early next year, opportunity will arise to buy and hold pltr until I retire....
SYM to $89Overview
Consumers of artificial intelligence have garnered my attention, specifically cybersecurity and robotics automation companies. This is a hopeful attempt to obtain early exposure to industries that may thrive during the era of artificial intelligence. Symbotic ( NASDAQ:SYM ) is one of the those companies.
What does SYM do?
Symbotic Inc. utilizes artificial intelligence and robotics to enhance warehouse production. How this translated to me is that they support online shopping (ex: Amazon) by generating environments that can keep up with the demand through the use of robotic automation and artificial intelligence. This could be used in just about every business venture as a growing company will face the challenges that come with maintaining a healthy supply chain. This is why I believe Symbotic has a bright future ahead.
As of 24 July 2023, Symbotic and SoftBank ( TSE:9984 ) jointly founded GreenBox Systems LLC which aims to provide access to Symbotic's automations and software. The goal is to reduce inventory costs while simultaneously increasing capacity and management -- organization and collection. SoftBank has also vested in Symbotic with the purchase of 17.8M shares (worth $707,550,000 today) in addition to an unspecified amount of warrants covering 2% of outstanding shares. Warrants are similar to options except they are distributed to the holder directly by the underlying company.
Key takeaway: SoftBank is significantly invested in the A.I. powered robotics company.
2025 Price Target
Symbotic has been in a yearlong symmetrical triangle that appears ready for a breakout before the end of 2024. If a breakout does occur, I believe the share price will reach around $89 USD sometime in 2025. This price target was determined by utilizing uptrend Fibonacci retracement levels from the lowest and highest values of the current trading pattern.
Short-Term Price Target
A double bottom pattern appears to be forming which may see the share price diminish back to the $32-35 price range (yellow circle) in the near future. Should these price levels experience significant support, I believe the next area of significance will be the $41-42 price range (green circle). A breakout at this level may indicate a further rally.
Stock Pricing Above Fundamentals Ahead of EarningsWeekly Chart: NYSE:ANET reports today after the close.
The stock has a short-term topping formation that is nearly completed. The prior runs went speculative but then corrected. The top is similar to the previous peak and the depth of correction is likely to be similar.
The stock has simply moved beyond fundamental levels. This is NOT likely to turn into a long-term top unless there is something substantially wrong with the company and its products. To become an intermediate-term top, it must have lower highs and lower lows. That is not in the chart at this time.
Ideally, the stock needs to shift sideways to build a much stronger support level to sustain a longer-term uptrend. HFTs are in the mix and may gap the stock on earnings news.
Topping Pattern Ahead of Earnings: AAPLNASDAQ:AAPL needs to have a great earnings report on August 1st but it has a topping formation at the moment, after huge speculation from promoting something that is not yet proven to increase sales. You can't take hope to the bank. Speculation occurred as investors assumed that AI would sell more new iPhones in droves. This earnings report will reveal reality one way or another.
There is a negative divergence between the price trend and accumulation/distribution suggesting there may have been quiet rotation against the retail speculation.
