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.
NVDC34 trade ideas
NVIDIA - Correction after stock split?NASDAQ:NVDA has been one on the strongest stocks of the past decade with a rally of +25.000%.
Today, Nvidia had a stock split of 1:10, meaning that for every 1 share of Nvidia, you recieved another 9 shares (10 in total). Therefore, Nvidia stock price was simply divided by 10 ($1.200 / 10 = $120). Nvidia stock is currently retesting a major resistance trendline and is repeating another "cycle pattern" like we saw in 2015 and 2019. A correction is simply quite likely.
Levels to watch: $120, $50
Keep your long term vision,
Philip - BasicTrading
NVDA - Never regret taking profits !1) Everyone and their granny has heard of Nvdia by now.
Lots of new retail traders are pulling into this name as the craze continues.
My none-trader/investor friends have started asking if it's a good idea to "invest" now. That's a big red flag ! (My answer is no!)
Remember, retail investors always come in last and hold the bags when the stock sells off.
2) Fundamentals have started to degrade across the board in the US markets and lots of names started to go lower. Small caps are incapable of making a new high and have made what seems to be a corrective move up since April.
It's then a matter of time before the king follows.
3) Looking at the Elliott Wave count, we can clearly see that we're in a fifth wave, which for those that do not know, is the final move up before we see a considerable correction.
RSI, MACD (or your fav oscillator) shows divergence which happens between wave 3 and 5.
4) On the smaller time frame, we can hope for a continuation higher, but, the upside is limited to probably less than +20% seen that we've finished (are finishing) the extended third of a third wave, which is the sharpest and longest.
So, It's not a bad idea to start taking profits.
I'll close 75% of my longs now.
The rest on a drop below 1070$ or a move close to 1300$
Nvda Am shorting this scam right here at 126, small position since its looks good for a pullback . Also fed meeting in a little bit I expect markets to top here for now
Nvidia Takeoff!! $1039 with earnings around the cornerNvidia earnings around the corner are we going to make another ATH in Spy! Will Nvidia get us there, I think so GPU 50 series release Rumors more Cloud Technology added in GPU's!! What else could you ask for in an AI boom!! $1039 price target for Nvidia
NVDA AFTER SPLIT 10-1After a stock split like a 10-for-1 split, it is common for there to be potential price adjustments and corrections as the market reacts to the new share structure. This could include scenarios where the stock retraces to retest a support level or fill any gaps that may have been created due to the split.
For NVDA (Nvidia Corporation) post-split, it's possible that the stock might experience a correction where it retraces to retest a support level or fill any open gaps as part of price discovery in the post-split period. Investors and traders often monitor such price movements closely to analyze the stock's behavior and potential trading opportunities.
Keep in mind that stock movements can be influenced by various factors, including market conditions, company performance, and industry trends. It's always advisable to perform thorough research or consult with a financial advisor before making any investment decisions based on stock movements post-split. If you have more specific questions or need further clarification, feel free to ask!
NVDA a 5th wave of something ???NVDA I am posting a weekly chart as to be clear We are ending something something like 0ct 1998 low /oct 2022 and rally into a 5th wave like 2000/2024 2025 is STAGFLATION I stand by my work always
NVIDIA is going to top out, consolidate before taking offThere's only one more meme rally left before CBDC's. I expect Nvidia to meet guidance for earnings, will spike up and then crater.
There's some cheap puts for .20 for 500 strike price for July. Will probably be 450 after it's all said and done when it bottoms out. Which is a 2,250x return if the stock did crater! Couldn't rule out a flash crash. I think if we wait till next week to buy the puts it'll be cheaper, maybe .15 which is a 3,000x.
They will definitely soar when the FED ends up cutting rates after the BOJ sells treasuries and BRICS unveil their currency.
If Trump wins our country will convert back to a gold standard. If Biden wins they will try to usher in a CBDC. Better own some food, land, ammo and precious metals comrade if you do decide to vote against "Mean Tweets"...
Nvidia is Topping in the Near TermAlthough having reached my target for wave v of 5, we do not have any evidence of a top in place as of today's trading session. In the days or weeks to come I look for a breach of $116 to give us our initial indication we've topped, with confirmation coming with a breach of $106.
This would be a long term top.
Best to all,
Chris
a weekly price action market recap and outlook - nvidia #4Good day and i hope you are well.
Last time i talked about Nvidia was 2024-02-23 and Nvidia was at 823 and my targets were 900/1000. Time for an update.
comment: It's the stock everyone talks about and the peak insanity bubble of this generation before the next financial crisis. There, I said it. Feel free to stop reading now if you don't like it.
I look at charts and comment on patterns I see and what I think will most likely happen or not. If the picture is unclear, we are in a trading range. Obviously not the case for this gem. You can study parabolic wedge tops and see repeating patterns, therefore you can make predictions about the possibility of future price movements. This stock will be the posterchild of a bubble pop, just like Bitcoin was in 2021 when it did a 50% pull-back from 64000 to 30000. For you guys, I commented on the Bitcoin parabolic wedge top from 2020/2021 to illustrate my point. See below.
Probably 99% of twitter wants you to think Nvidia goes to infinity, just like Bitcoin in 2021 but they only do that at the peak of the bubble while the market is going parabolic. They are so euphoric that they never seem interested in studying market behavior in the past. If you truely believe them and the "this time it's different...", good luck. The party will probably continue some more, just like it did with bitcoin. But at some point, mostly the point where your friends, who know the same about the financial markets as about quantum physics, will tell you they bought Nvidia, it will turn because there is no one willing left to buy and the only thing the stock can do is go down to find new buyers. If that move is strong enough, well, the fair price might be lower than you think.
-dotcom everyone thought everything with an internet address could only print money for infinity
-gfc everyone thought housing prices can only go up and for sure this time it's different
-what shall we call the next GFC? Will it be the everything bubble? Who gives a flying f. Cycles repeat. It's never different. This cycle was just moved so far off, because of the biggest money printing experiment in history. Markets do not change because they reflect human behavior. This market will deflate and so will this stock.
Please rub it in my face when we are in 2025 and Nvidia trades at 3000. Please do. Maybe I will learn something from it.
Here is my usual writing for weekly recaps & outlooks
current market cycle: parabolic wedge top - peak bubble behavior
key levels: 1150-1500
bull case: Everything. Stock can only go up. Every dip is bought. Daddy Jensen is signing breasts and most people think AI will be an infinite money glitch.
Invalidation is below 1170ish.
bear case: No bear case. Every bull trend line is valid. Pull-backs are shallow and bought. Market is printing consecutive uber bullish gaps. If you think anything about this is bearish right now, look at the weekly/monthly tf and think again.
"But you are saying it will pop..." Well yeah but as of right now, nothing is deflating for this stock. I'm giving you my reasoning why buying into a W5 (third push up) while most indixes are at or near all time highs, might be a bad idea. When everyone and their dog is max bullish, you could think twice about doing the same.
Invalidation is above 1400.
short term: It's reasonable to expect another push up in this tight bull channel for a high around 1300-1400.
medium-long term: Over the next 6 months we should see the 1000 price area again and 6-18 months we most likely will see 800-900 again.
current swing trade: hell naw.
NVIDIA: Targetting 1300 soon?Based on the wave, i''m expecting nvidia will move higher targetting 1300 soon.
NASDAQ US MARKET.
Nvidia Where iT Will Break ?Hi mates and Trading community so here i am sharing mine a very simple and ordinary idea on Nvidia on the basis of price action support and resistance but hope it will work and will respect to the marked levels.
So as we can see that price reaching third time to the marked resistance and getting rejections again from there so i marked up an immediate support (920) if price break this and close below we can see price can touch marked target zone below which is also a support zone based target and if price will break resistance and succeed to close above we can see marked potential upside target in coming sessions target taken from the length of consolidation channel.
My view for coming trade execution is not clear so far that is the reason not tagging this publication in long or short category so after any breakout i will update my trade idea accordingly.
This idea is meant for only educational purpose this not any kind of trading or investment advice.
Best Regards- Amit
Downside continuationPA gave the first impulse. I'm aware of the size of the correction. It could lead to a break to the upside as well. However, it's likely that we approach the VA with 3-drives and a getting a clear middle-section to the last leg (3th touch).
Vibranium Capital raises NVDA PT from 1150 to 2000+ boost and follow for more! ❤️🔥the NVDA hype continues, earnings aren't slowing down and shorts continue to get burned.. The split news is only adding more fuel to fire 🔥
I wont be surprised if NVDA is the most valuable company in the world soon, trend support zone will hold in my opinion. but time will tell.. good luck to all🙏
$NVDA exhausted and correction anticipatedHello Traders,
Firstly, This is not a financial advice. This is just my interpretation of the technical aspects of price action.
NASDAQ:NVDA has been shooting up lately and formed the structure, that is similar to textbook gaps.
After the exhaustion gap the price is likely to correct. The dead giveaway will be a daily candle closing below the exhaustion gap.
NVDA long from $1200 to $1600 - easy 30% - pure technical playNVDA is in an incredibly strong bull market - it looks very good both fundamentally (rising revenue and profits, virtual monopoly on AI chips) and technically.
Current wave that started in Nov 23 is yet far from being done and it's very unlikely it would conclude before hitting at least $1600 maybe will even go much further to $2k area.
Because someone had to short this.We will consider one technical indicator:
F = (G * m1 * m2) / d^2
Aka “gravity”
Stocks pairs trading: NVDA vs JNPRLet's examine the trade potential for NVIDIA Corporation (NVDA) and Juniper Networks, Inc. (JNPR) by analyzing their key financial metrics and recent performance to determine reasons for going long on NVDA and short on JNPR.
Price-to-Earnings (P/E) Ratio:
NVDA: P/E ratio of 7.16
JNPR: P/E ratio of 51.56
NVDA's significantly lower P/E ratio indicates it is trading at a cheaper valuation relative to its earnings compared to JNPR. This suggests that NVDA is undervalued and has more room for price appreciation.
Earnings Growth:
NVDA: EPS next Y of 32.97%
JNPR: EPS next Y of 16.45%
NVDA’s expected earnings growth for next year is significantly higher than that of JNPR, indicating stronger future performance potential.
Debt and Liquidity:
NVDA: Debt/Eq of 0.23
JNPR: Debt/Eq of 0.39
NVDA has a lower debt-to-equity ratio compared to JNPR, suggesting better financial stability and ability to manage debt.
Profitability Metrics:
NVDA: ROA of 70.10%, ROE of 115.66%
JNPR: ROA of 2.38%, ROE of 5.02%
NVDA's return on assets and return on equity are exceptionally high, indicating efficient use of assets and strong profitability, unlike JNPR.
Performance Metrics:
NVDA: Perf Year of 217.97%, Perf YTD of 147.26%
JNPR: Perf Year of 18.40%, Perf YTD of 20.73%
NVDA's recent performance metrics show explosive growth, while JNPR's performance, though positive, is modest in comparison.
Decision:
Long on 1 NVDA
Short on 4 JNPR
NVDA earnings stats NVDA earnings stats based on the last 10 earnings days close to following day close.
11/17/21
293 - 317
+ 24 = + 8%
2/16/22
265 - 245
- 20 = - 9%
5/25/22
170 - 179
+ 9 = + 5%
8/24/22
172 - 179
+ 7 = + 4%
11/16/22
159 - 157
- 2 = - 1%
2/22/23
208 - 237
+ 29 = + 14%
5/24/23
305 - 380
+ 75 = + 25%
8/23/23
471 - 472
+ 1 = na %
11/21/23
499 - 487
- 12 = - 2%
2/21/24
675 - 785
+ 110 = + 16%
5/22/24 ?
10 earnings
average = + 6%
high = + 25%
low = - 9%
5/24/24 expiry options data:
Put Volume Total 144,889
Call Volume Total 221,403
Put/Call Volume Ratio 0.65
Put Open Interest Total 145,386
Call Open Interest Total 180,269
Put/Call Open Interest Ratio 0.81
Highest OI Call strike = 950
Highest OI Put strike = 920
IV implied move = +/- 9%
NVDA (NVIDIA)This Weekly FORECAST
Opportunity for NVIDIA. This setup trading idea is for swing. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
NVIDIA Potential Resistance Breakout At $125.50 11.06.20244hr chart of NVIDIA:
- Potential resistance breakout at $125.50.
- If breakout holds:
- Target 1: $133.11.
- Target 2: $142.79 if $133.11 is broken.
- If breakout fails:
- Target 1: $119.58.
- Target 2: $114.79 if $119.58 is broken.
Apply Risk Management
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