NVDA Long Idea After Earnings NVDA announced a 10:1 stock split and another beat. The split is not far away, I expect major FOMO buying. Will be looking for an entry on a retest of its ascending wedge.Longby AdvancedPlays1
NVDA - making all time high daily till split day on 10 Jun 2024?NVDA - making all time high daily till split day on 10 Jun 2024? by tzemengter1
NVDA waves from its first day.Hello The main difference between Elliott and the other techniques is to draw a complete map from the start through the future of the market and none of other methods can do that. If this counting is correct or not wont change this rule and whenever our markings is incorrect we just need to repaint instead of changing our methods. For now this what I have labelled for NVDA and it might change in the next week. Red cycle counting is an alternative and red level is its invalidation area. Just Keep your Balance safeLongby AMA_FXUpdated 10
Long Term Bullish on NVDA: Target 1200$Hi, After my TSLA forecast which was confirmed when even everybody on the street was bearish. I am back with NVDA, which is bullish in the long term. I am in a position for the NVDA 1010 Sept. Call. I trust Fortune 50 companies are investing, directly or indirectly, in LLM, which will lead to Cloud sales and intern drive NVDA card sales. The combined CAPEX purely in AI Graphic chipset buying alone would be upward of 2X-3X than any previous year of 2024. Still, I don't have a crystal ball; hence, I will also secure my bet with cheap puts. Please like and share If you like.Longby vishalniitUpdated 3
NVDA April 26, 2024: An Attempt to Resume the UptrendOn April 26, 2024, The weekly chart of NASDAQ:NDX shows a weekly recovery from the MA-30 week. NASDAQ:NDX closed near the weekly high which is encouraging. The current close is right near the resistance 17,780 which was broken during the week April 15-19. Looking closer at the daily chart we can see that the resistance is at the same level with both MA-20, MA-50, therefore this is a key level challenging the market next week. I started to buy a pilot position in NASDAQ:NVDA around the close of April 26. Reasons: Crossed up MA-20 Crossed up MA-50 Crossed up the small trendline (yellow line on the chart) This happened before the NASDAQ:NDX did so as described above.Longby longsonvnUpdated 9
Nvidia $NVDA levelsCurrently up against resistance. Split could push to next level overheadby Meechum_stocktwits1
Wide WindowToday we opened with a wide open window. The spike following is large and in view of the overall dwindling market sentiment I fear that this has exhausted the steam in the pipe for a while. That's why I prefer at least the attempt to close the window before the market will comeback to normal and make a decision.Shortby motleifaulUpdated 1
1070, and then might see downturn.I don't think NVDA would face any resistance until 1070. But still, not too much upside with a decent amount of risk. Closely watching, but if shorting QQQ would be a better symbol as NVDA is def too strong.Shortby hweikang1
AI Boom Fuels High Expectations for NVIDIA's EarningsThe whole world is waiting for NVIDIA's new quarterly figures, which the company will release this evening. Analysts have already announced new price targets on the upside: there is talk of $1,200, even $1,500. Is this realistic? Yes, both from a technical and a fundamental perspective. The AI boom is just gaining momentum and is unlikely to turn out to be a bubble in the medium to long term, but rather possibly a new Kondratiev cycle. In the larger time frames, we do not see an overbought situation either technically or from the perspective of the indicators. On the contrary, the MACD is poised for a new upward movement in the higher time frames, and the VOLD indicates a healthy upward trend. The presented trading idea is just one of many ways to benefit from the further upward trend.Longby OchlokratUpdated 3
NVDA - Nice move up and EVERYONE is bullish but.....Arriving at resistant zone here. Would you consider locking in your profit around here.? Shortby Successful_Inv_Strategies2
NVDA Following NVDA's earnings after hours, it seems everyone has their eyes on the $1,070 mark, suggesting a potential 11% upside. However, it's worth noting that sometimes good news can have negative repercussions, and vice versa. For instance, despite Taiwan Semiconductor Manufacturing Co. (TSM) reporting strong earnings, its stock still plummeted by 10%. TSM manufactures chips for numerous companies, including NVDA. Additionally, the chart is showing a triple top pattern, which is considered quite precarious. It's more probable that NVDA might decline to $883 before experiencing a significant surge.by AmyThongbai1
Nvidia Stock Surges After Exceeding Earnings Expectations Nvidia Shares Surge Over 6% in Premarket Trading Shares of Nvidia ( NASDAQ:NVDA ) rose more than 6% in premarket trading on Thursday following the company's impressive first-quarter results and CEO Jensen Huang's remarks about the soaring demand for its upcoming AI-optimized chip. Nvidia, a California-based semiconductor giant, has seen its data center graphics processing units (GPUs) become crucial to the development of generative AI products. As a result, Nvidia's performance is now viewed as a key indicator of AI demand and a significant influence on broader market sentiment. U.S. stock futures also climbed in response to the report. "The next industrial revolution has begun," Huang stated. "AI will bring significant productivity gains to nearly every industry, helping companies become more cost- and energy-efficient while expanding revenue opportunities." Nvidia Stock Surges After Exceeding Earnings Expectations Nvidia has exceeded market expectations with its April quarter results, solidifying its status as a crucial stock globally. CEO Jensen Huang highlighted the company's pivotal role in the evolving tech landscape, stating, "The next industrial revolution has begun. Companies and countries are partnering with Nvidia to shift traditional data centers to accelerated computing, creating AI factories to produce a new commodity: artificial intelligence." Nvidia's sales soared 262% in the first fiscal quarter to $26 billion, marking an 18% increase from the previous quarter. Earnings per share, excluding non-cash costs, reached $6.12, up 461% from the previous year and 19% from the prior quarter, surpassing Wall Street's estimates of $5.60 per share. Under generally accepted accounting principles, earnings were $5.98 per share. The company also provided robust guidance for the July quarter, projecting revenue of $28 billion, surpassing the average Wall Street forecast of $26.6 billion. Nvidia's dominance in the AI platform sector was underscored by a more than fivefold increase in sales to cloud-computing data centers, which totaled $22.6 billion or 87% of total revenue. Chief Financial Officer Colette Kress noted that large cloud providers were significant contributors, accounting for approximately 45% of all data center revenue in the quarter. Into the Omniverse: SoftServe and Continental Accelerate Digitalization with OpenUSD and Generative AI In response to the increasing demand for seamless and connected driving experiences, SoftServe, a leading IT consulting and digital services provider, has collaborated with Continental, a prominent German automotive technology company, to create the Industrial Co-Pilot. This virtual agent, powered by generative AI, helps engineers streamline maintenance workflows. SoftServe enhances manufacturers' operations, like those of Continental, by integrating the Universal Scene Description (OpenUSD) framework into virtual factory solutions. These solutions, including the Industrial Co-Pilot, are developed on the NVIDIA Omniverse platform, further optimizing efficiency and productivity. South Korea Unveils $19 Billion Package for Chip Industry South Korea has announced a 26 trillion won ($19.09 billion) package to bolster its semiconductor market. The initiative, revealed by President Yoon Suk Yeol during a meeting with government officials, includes a 17 trillion won investment plan through the Korea Development Bank for chip producers and suppliers to enhance semiconductor infrastructure. Despite the country's current 1% share in the global fabless industry—a term for semiconductor companies without production lines—President Yoon emphasized the strategic importance of this sector. "Semiconductors are a field where all-out national warfare is underway. Winning or losing depends on who can make cutting-edge semiconductors first," Yoon stated.Longby SroshMayi4
Nvidia stock target $1000 The age of Nvidia has begun…this is an opportunity of a lifetime to go long.Longby gvoommenUpdated 111135
Nvidia: Healthy CompanyFundamentals: From the management, the future looks bright for Nvidia. Their sales are accelerating and their earnings are growing. Healthy funds are piling in to the company. Its industry, the electron-semiconductor fabless industry, is booming (one of the top 20 industries). These things puts the wind at its back. Technicals: On a daily and weekly, Nvidia continues to make HHHL. Daily uHd Daily exDiv1 Weekly: shallow pb 5ema pb "Sometimes a stock goes up because everyone knows it is doing well. Longby RocketmanUpdated 4
NVDA eyes on $952.16: in a BBOC pattern before earningsNVDA in a BBOC pattern under a serious resistance BBOC pattern = "Birthday Balloon On Ceiling" (joke). Point being that the earnings report might deflate it. I think it will break and continue after earnings. But IF there is to be a top anywhere NEAR here, then THIS would is a perfect place and time for it. $ 944.39 - 952.16 is the immediate resistance. $ 894.22 - 901.92 is first support but a minor one. $ 832.39 - 851.66 is a wide but significant support. . The immediate resistance zone is made by two high timeframe fibs: Thick line at $952.16 is from the Genesis Sequence: Dashed line at $944.39 is the Covid Stimulus wave: . I will post updates as price action progresses. ===================================================================================================== by EuroMotif2
5/22/24 - $nvda - long.5/22/24 - vrockstar - NASDAQ:NVDA - on many fronts the stock is objectively 'cheap' when considering their 1) lead 2) moat (this includes sofware/ cuda) and 3) growth rate and seemingly unending (for now) backlog. high 30s PE, not bad for one of a kind growing EPS 50% cagr for next few yrs, 20x sales? expensive but put it in cash FCF terms, 2% yield at the low end? defensible. the rub this q seems to be the anticipation of the new blackwell chips that could hold back ST orders for 2H buys. but let's think this thru... whatever they report won't matter - right? it's about the future/ guide. and 1) a miss gets papered over by this guide and 2) a beat + this higher order backlog ships the stock higher. this is a name that basically won't relent until there's an observable problem or demand issue w/ compute. we're nowhere near that despite what people are saying about "ai being a bubble" - most of these are the same folks that still don't own CRYPTOCAP:BTC and say "i buy blockchain tech, but not bitcoin" and so are typically the lazy types that can't fathom being wrong. make no mistake there WILL be a point to sell your nvda for a better horse. but right now it's the fastest one by a large margin. i own this into print, and will dip buy any miss without a second thought. it's more about size mgmt into the print, not whether you should own it at all. will eventually post my full val framework in the Q, but think the 1-2y tgt here is probably $2000-$3000k stock. there's a lot of juice left. short-term, i think upside probably limited to the low $1000's. so sub $1000 is a good risk beta. gl fam, curious on your thoughtsLongby VROCKSTAR222
Nvidia Stock Soars On Blowout GuidanceSoaring demand for the chips needed to train the latest wave of generative artificial intelligence systems such as ChatGPT led Nvidia to issue a revenue forecast far ahead of Wall Street expectations, prompting a surge in its stock price in after market trading. The US chipmaker on Wednesday said it expected sales to reach 11bn dollar in the three months to the end of July, more than 50 per cent ahead of the 7.2bn dollar analysts had been expecting and confirming its position as the biggest short-term beneficiary of the AI race that has broken out in the technology industry. The forecast fuelled a 27 per cent leap in Nvidia’s shares, which had already more than doubled since the start of the year, and lifted its stock market value to a record 960 bn dollar. Jensen Huang, chief executive, said the company was “significantly increasing our supply to meet surging demand” for its entire family of data centre chips, including the H100, a product launched this year that was designed to handle the demands of so-called large language models such as OpenAI’s GPT4. The race in the tech industry to develop larger AI models has led some customers to worry privately about a shortage of H100 chips, which only went on sale earlier this year. However, Nvidia’s $4.28bn in sales to data centre customers in its latest quarter topped even the most optimistic analysts’ forecasts, and the company said there had been strong sales of both the H100 and its A100 chips, based on its previous chip architecture. Nvidia’s forecast noted a potential doubling of sales to data centre customers in three months, even though data centre sales were running at an annualised rate of $17bn in the opening quarter of this year. Growth is coming from customers across the board, Kress said, with consumer internet companies, cloud computing providers and enterprise customers all rushing to apply the generative AI to their businesses. The bullish forecast came as Nvidia reported revenue and earnings in its latest quarter, to the end of April, had also topped forecasts, thanks to a jump in sales to data centre customers as demand for AI took off. Revenue reached $7.19bn, up 19 per cent from the preceding three months but down 13 per cent from the year before, as sales of chips for gaming systems dropped. Earnings per share rose 22 per cent from a year before to 82 cents, or $1.09 on the pro forma basis Wall Street judges the company. The consensus view on Wall Street had been for revenue of $6.52bn and pro forma earnings of 92 cents a share. now let's delve into the numbers. Nvidia's different business units did not all perform equally well during the quarter - which can be expected, of course. Nvidia's data center business grossed revenues of $4.3 billion during the first quarter, which represents a new record high. Data center demand is not very cyclical, and companies kept investing in new equipment despite a potential recession being on the horizon. This can be explained by the fact that data centers are mission critical for many companies, so they don't really have a lot of choice when it comes to allocating capital to this space. Strong data center sales also have been seen in the results of other chip companies such as Advanced Micro Devices (AMD). Both Nvidia and AMD also were able to benefit from the weak performance of their competitor Intel (INTC), as Intel has been losing market share in the data center space in recent quarters due to self-inflicted problems and an unconvincing product line-up. Nvidia is a major graphic chip or GPU player and is thus heavily impacted by the performance of related end markets. This includes both cryptocurrency mining and gaming. While some cryptocurrencies can't be mined with GPUs economically, such as Bitcoin, others, such as Ethereum, can be mined with GPUs. Ethereum moved from a proof-of-work model to a proof-of-stake model in the fall of 2022, but some miners still use GPUs for Ethereum mining. Not surprisingly, Nvidia's sales to this end market depend on the price for cryptocurrencies - when cryptocurrencies are expensive, miners are more eager to acquire additional GPUs and they may also be willing to pay high prices for them. During times when cryptocurrencies are less expensive, mining is less profitable, and GPU demand from cryptocurrency miners wanes. This has had an impact on Nvidia's sales in the past and likely played a role in Nvidia's Q1 sales as well. GPU sales have been under pressure in recent quarters due to lower demand by gamers as well. Many that like to play video games upgraded their hardware during the lockdown phase of the pandemic when staying at home meant that consumers had more time for video games. With many gamers having relatively new equipment, demand has declined in the recent past. At the same time, inflation pressures consumers' ability to spend on discretionary goods. On top of that, some consumers prefer to spend their money on experiences over things now as there are no lockdowns or travel restrictions in place any longer. All in all, this has resulted in a difficult macro environment for Nvidia's gaming business. Combined, the headwinds for the gaming market and the cryptocurrency market explain why Nvidia's sales and profits kept declining during the most recent quarter, relative to the results the company was able to generate one year earlier. The strong performance in the data center space was not enough to offset the headwinds Nvidia experienced in other areas. I personally going to take huge profit right now and wait for 250 $ levels by moonyptoUpdated 5513
NVIDIA Ascending Triangle: Price Surge Ahead?- The 1hour ascending triangle chart pattern for NVIDIA indicates an upward trend. - An uptrendline from $889.38 rejected the price at $917.77 after retracing from $958.58, which currently serves as resistance. - The price continued upward after the rejection and is now around $953.77. - If the uptrendline rejection holds, the price is likely to rise to the resistance level, and breaking the resistance could push the price higher. - If the uptrendline rejection fails and the uptrendline breaks to the downside, the price is likely to decline further. Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350)by BDSwiss_Academy1
Nvidia Shares Soar 8.43% After Stellar EarningsChip stocks soared in out-of-hours trading on Wednesday and Thursday after chipmaker Nvidia ( NASDAQ:NVDA ) smashed Wall Street's expectations with its latest earnings report, continuing a period of extraordinary growth as booming interest in artificial intelligence propels the tech sector to new heights. Shares for Nvidia ( NASDAQ:NVDA ) climbed nearly 8% during after-hours trading on Wednesday, peaking above $1,000 per share for the first time. While these gains have pared a little in the hours since Nvidia’s earnings report, shares for the California-based company were still up by more than 6% at the time of writing on Thursday morning. Nvidia ( NASDAQ:NVDA ) shares are currently trading at around $1,030, putting the chipmaker on track to surpass the $1,000 milestone and hit an all-time high when markets open on Thursday. Other chipmakers benefiting from intense interest in artificial intelligence include shares for Taiwan Semiconductor Manufacturing Company, Arm Holdings, Dell Technologies, and Super Micro Computer Inc., which were all up between 3% and 6% during pre-market trading. Nvidia ( NASDAQ:NVDA ) released its hotly anticipated earnings report for the first quarter of 2024 on Wednesday afternoon, which smashed Wall Street’s expectations and marked the company’s most profitable quarter ever. Respectively, profits and sales were up 628% and 268% compared to the same time period last year, Nvidia ( NASDAQ:NVDA ) said, reporting $6.12 earnings per share and $26 billion in sales for the three-month period ending April 30. The release of OpenAI’s generative AI chatbot ChatGPT in 2022 ignited a global race among tech companies to build and deploy ever more advanced AI systems. The race has spurred stellar demand for the kinds of advanced computer chips required to maintain, run, and develop these AI systems, and Nvidia, formerly known for its gaming hardware, is one of the world’s leading beneficiaries for this demand and has become a bellwether for interest in the sector. Nvidia's profit soars, underscoring its dominance in chips for artificial intelligence. Its net income rose more than sevenfold compared to a year earlier, jumping to $14.88 billion in its first quarter that ended April 28 from $2.04 billion a year earlier. Revenue more than tripled, rising to $26.04 billion from $7.19 billion in the previous year. Technical Outlook Nvidia's (NVDA) stock is up 8.97% in Thursday's market trading riding high with a Relative Strength Index (RSI) of 71.60 placing NASDAQ:NVDA in an overbought territory, hence a trend reversal is along the horizon in the long term.Longby DEXWireNews3
NVDA - Long Condor Spread (options trade)First time doing a Long Condor Spread for an earnings play. NVDA expecting a big upside move. It's an Iron Condor, but only on the call side, the strikes: -965 +960 & -1100 +1105 Risking $169 to make $331, directionally bias move to the upside. Longby leongabanUpdated 4
nVidia Next TargetThis trendline comes all the way from 2013 and what i assume is the next Resistance for NVIDIA Simple line but powerfulLongby GlassICE1
Nvidia - H&S on 4H (Possible Overhead Breakout Later)I have not posted for a while, been busy trying to improve my trading entries and exit. I am back now and will be posting more regularly :). Nvidia has broken out of H&S pattern on 4 hour. Any retest to the highlighted orange area around 888-900 would be suitable for buying. Stops can be placed below the 10 DEMA or 20 DEMA. For conservative risk traders, stops can be placed below at 848. I am looking for a run up to 950, where I will take one-third of my position off and wait for volume and price confirmation for break above 960. At the moment, volume is not that great so its difficult to put on a huge position with conviction. Hoping to see that manifest, in breakout above 960. If we can go above 960, I honestly believe 1500 is on the cards for this stock. Longby mansur7Updated 8
After Earnings Report, NVDA Stock Price Exceeds $1,000After Earnings Report, NVDA Stock Price Exceeds $1,000 For the first time in history, Nvidia's stock price has reached a four-digit number, and its market capitalisation has surpassed $2.5 trillion, ranking third globally after Microsoft and Apple. This surge is due to a strong earnings report, driven by high demand for AI chips: → Earnings per share: actual = $6.12, expected = $5.60; → Gross revenue: actual = $26.04 billion, expected = $24.59 billion. Additionally, Nvidia announced a 10-for-1 stock split to make shares more accessible and attract new investors, which should support NVDA stock in the future. While yesterday's main trading session closed around $950 per share, the price rose by approximately 6% in after-hours trading. Thus, NVDA's stock price has increased by over 100% since the beginning of the year. Can the rally continue? On March 28, in the article "Stock Market Analysis: NVDA Losing Leadership?", we: → Noted signs of weakness relative to the S&P 500 index; → Constructed an ascending blue channel; → Suggested a potential pullback to the $800 level. The NVDA chart shows that after these signs of weakness, the price dropped to the lower boundary of the channel on April 19, briefly falling below $800. However, the bulls then attempted to resume the upward trend, and it paid off. Given NVDA's pre-market price, it is reasonable to assume today's main session will open around $1,010. Therefore, technical analysis of the NVDA daily chart today shows: → The price remains within the ascending channel; → The price is breaking through the $960 level with a bullish gap, which can now be expected to act as support; → If the bullish momentum from the earnings report continues (as it did on February 22), NVDA's price could approach the median line of the ascending channel. According to TipRanks, the average analyst target price for NVDA is $1,104.62, but this target may be raised considering Nvidia's strong forecasts for the next quarter. Buy and sell stocks of the world's biggest publicly-listed companies with CFDs on FXOpen’s trading platform. Open your FXOpen account now or learn more about trading share CFDs with FXOpen. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen339