bullish on $NVDAOne would simply long the most active element that is most under weather. I am bullish on NASDAQ:NVDA This is not financial adviceLongby Joy_BanglaUpdated 3313
long NVDA based on probabilities.As you can see from the indication the probability of closing friday post earnings below 707 is 5% and the probability of closing above 745 is 60%.Longby alessm65617Updated 110
Stock Market Logic Series #8The natural psychological expectation is that after a stock goes up, it will continue to shoot up and go to the moon. But the truth is, that most of the time, the above does NOT happen immediately. WHY? Put yourself in the shoes of the BIG SHARK, the Puppet master... You want to buy the stock so you increase the price to lure people to sell to you. When you reach this point of selling, you know this is a price people are willing to sell... So what do you do? You stop buying and start ABSORBING all the selling from the weak hands. Not all weak hands are the same. Some people will want to sell at the new high or resistance. Some people will fear and want to sell at support. But what truly matters, is that when the BIG SHARK discovered where the ACCUMULATION zone, he has zero motivation to mark the price up further. And before the next run-up, he will stop force buying and start to let others sell into him (whipsaw motion). This is the WHY, price will not move further up IMMEDIATELY. And you will usually see a flag pattern or a triangle pattern before the next run-up. So always remember to keep in mind, that the LONG SIDE needs a RUNWAY before takeoff. I am talking here about being consistent and having extremely more confidence in your trading. Once you understand the LOGIC behind the patterns, you are much more likely to trade them correctly. It is much more bullish to wait for the RUNWAY to form than just buying a new high. In this post, I explained the logic of why so many new highs are "fails" and do not take off...Longby ZoharChoUpdated 3
The Endgame for Nvidia's Price Surge !!!Hello everyone, today I would like to talk about Nvidia. I believe that the current price level could be very challenging for the stock, so buying at these prices without any correction in price and time is not recommended at all. Please be aware of the risks and if you were an early buyer, it is a good idea to take some profit. The price might go higher, but the risk to reward ratio here is not favorable for new buyers. You can use the protective RSI line to monitor the trade, and we could see massive correction in these areas. NASDAQ:NVDA GETTEX:NVD #nvidia #nvda Disclaimer: This information or service is for informational purposes only and is not intended to be personal financial adviceShortby sepehr_sanjar4420
NVDA vs AMDNvidia has outperformed AMD for the past few months. There seems to be general trends in which one of these names outperforms the other over months at a time. One to watch in the new AI race. It will be interesting to see if AMD comes out with more AI focused chips and how that will weigh in on the stock valuation.by mind-wattle0
upside swing closing all shorts at the sell off at 876for daily action as this is better seen on the 5mins and cause tech never really bleedsLongby robbytamayoUpdated 6
completing the upsideupside brake with profit taken around 870 to 880 will see mini pull back further on but buys have this one the close out for seller was on 870Longby robbytamayo0
NVDIA: Caution! Local Top Identified, Time to Secure Your ProfitAfter accurately predicting a rally to new highs, in this morning's pre-market, our in-house AST indicator is confirming a break that occurred just before yesterday's close, signaling a local pause in the NASDAQ:NVDA developing uptrend. On the 4-hour chart, the blue area breaks below the baseline, signaling a loss of market strength and anticipating a short-term bearish correction. This doesn't represent a change in the main bullish trend but does offer a good opportunity to re-establish long positions at more attractive prices. Hence, it might be a good time to take profits on the long position established last week and patiently wait for the AST indicator to once again demonstrate strength. Follow me, stay tuned and keep an eye out for the new entry signal, which I'll share here, allowing us to continue reaping hefty returns with the AI darling. Disclaimer: The information provided is for general informational purposes only and should not be considered as professional advice. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the content contained for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from the use of information presented.by Carlos_F_444Updated 4
NVIDIA: Unlocking Potential Gains Beyond ATHConsidering the robustness of the bullish trend and the swift progress of NASDAQ:NVDA , opportunities for current favorable buying setups have been infrequent throughout 2024 Current entries are generating risk-to-reward ratios that are considerably advantageous. This is substantiated by examining the short distance between the current price and the stop loss (depicted as a white point on the graph), calculated considering three key factors: momentum, support levels, and volatility (computed on a 4-hour time frame). Additionally, two of my in-house indicators, which assess technical strength (AST Scoring) and a proxy variable to gauge probability (Ramdom Variable), indicate that in the 4-hour time frame, the market structure offers a highly favorable entry point. The convergence of these factors underscores the strength of the current opportunity. The combination of these factors indicates a compelling opportunity for a strategic entry into the market, aligning with the overall bullish trajectory. This is a rare occurrence in 2024, and the present circumstances provide an attractive risk-reward profile for potential investors. In summary, the opportunity is to initiate long positions at the current levels, anticipating a retest of historical highs and potentially even surpassing them. Implementing a stop-loss or risk control measure is advisable if the market consistently trades below the white point on the 4-hour chart, and ideally, on the daily chart for enhanced risk management. Legal Disclaimer: The information provided in this commentary does not constitute financial advice or an investment recommendation. All opinions expressed are solely for informational purposes and should not be construed as a guarantee of future results. Investing in financial markets involves risks, and readers are advised to conduct their own research and seek professional advice before making financial decisions. The author and any related entities are not liable for any losses, damages, or inconveniences that may arise from the use of this information. Past performance is not indicative of future results. Please be aware that financial markets are volatile and can change rapidly. It is recommended to exercise due diligence and employ risk management tools when making investment decisions.Longby Carlos_F_444Updated 2
NVIDIA BULLISH TO $700NVIDIA aiming for a breakout upwards, Still riding on the Bullish AI momentum Buy signal Target above $700 Minimal downside Longby SpecuVisionaryUpdated 3
NVDA - Why is it going up so strongly without any pullbacks?Hello everyone! I'm getting a lot of requests regarding NVDA behavior and targets. In my last post about BTC targets, I showed you a very simple and powerful way to see giant tends. NVDA is also a very good example. Let's dive in! First, a few basics: 1) Price has only two behaviors, trending and consolidating. 2) Price is fractal by nature, with geometric patterns repeating within themselves on different scales. 3) The 5 - 3 fractal is the most dominant. It is the simplest form to represent Phi, the Golden Mean. 4) The 5 -3 fractal, when drawn inside itself, reveals a single number at all reversal points. This number is Phi raised to the third power (Phi cubed = 4.236 = PhiCube, my trademark for over 27 years). 5) PhiCube separation is the key to seeing the "relative behavior" of the fractals, which defines trends, consolidations, direction, velocity, acceleration, stops, and targets. 6) With PhiCube calibration, almost all conventional indicators will give the same interpretation of the variables in 5) above, without ambiguity. I will be elaborating more on these fundamentals in future posts. So let's have a look at NVDA. Please observe that it is above 3 green lines. These lines represent the 1292, 305, and 72 bar fractals. As they are all aligned upward numerically, this is the definition of a GIANT UPTREND. The target in this case is the Moon. You will notice other lines in the chart, namely the purple and light blew lines. These represent the 17 and 34 bar fractals (very small in comparison to the 1292 Giant). The 1292 Green Giant is 72 times larger than the 17bar fractal. It's as if the 17 were a tiny ant on the Green Giant's kitchen floor. The Giant will step on it without even noticing. So here's a great setup for you...one of our best! If you have 3 green lines aligned to the upside and you see a 17bar or 34bar resistance, it is an OPPORTUNITY TO BUY THE GIANT UPTREND. The folks who look at candlestick patterns or short term indicators and believe that price is rolling over, do not see that they are inside the Giant's house. They will be crushed by the Giant. This behavior is visible on any timeframe. As long as you see it, you can be confident that the giant uptrend will continue. I will be posting more soon. Stay tuned! Boby phicubeUpdated 114
Nvidia has a long way to go Looking at the chart pattern with Fib and Elliott, 1000 seems in reach quite soon, but it is likely to consolidtate around there before further moves to the upside. Longby Quietseeker2
NVIDIA 850 ABOVE 815 SL 805 Reason Why Nvidia Will Still Growing Diverse Market Presence: NVIDIA is not just a semiconductor manufacturer; it’s a tech powerhouse. Beyond GPUs for gaming and professional markets, they also create system-on-a-chip (SoC) units for mobile computing and automotive applications. Their expansion into cloud software and services positions them well for growth1. Cloud-Based Software Dominance: The pandemic accelerated the adoption of cloud-based software and computing. NVIDIA’s GPUs play a crucial role in data centers—the brains behind cloud services. In Q1 2021, NVIDIA’s data center revenue hit a record high of $2.05 billion, accounting for 36% of total sales. Major players like Microsoft’s Azure Cloud, Google Cloud, and Amazon’s AWS rely on NVIDIA’s GPUs for data operations1. AI and Deep Learning: Artificial intelligence (AI) systems demand fast and reliable processors. NVIDIA’s GPUs are unmatched for training and running AI systems. Their focus on research and development ensures they stay at the forefront of AI technology1. Competing with Giants: NVIDIA is developing its own cloud services, including AI Enterprise and the Base Command Platform. They’re also venturing into creative collaboration tools with Omniverse. These initiatives put them in direct competition with tech giants like Amazon, Apple, Alphabet, and Microsoft1. Analyst Estimates: While NVIDIA’s stock has rallied significantly, its price-to-earnings (P/E) ratio remains high. However, analysts estimate that by fiscal 2025, their earnings per share could double, making the stock more attractive2. Longby NYRUNSGLOBAL0
NVDA - Long - 1:8.23 - WIN - CLOSEDNVDA looks like a rocket ship, in scary heights. Great setup, keeping the powder dry for now.Longby Vitezabraham5
Nvidia Stock Surges on Meta AI Deal: Long Opportunity Ahead? Title: Nvidia Stock Surges on Meta AI Deal: Long Opportunity Ahead? Overview: Hello Traders, Nvidia's recent partnership with Meta has sent its stock soaring, but some cautionary voices are being heard amidst the excitement. NASDAQ:NVDA Key Points: - Nvidia's stock value has surged above $800 following its deal with Meta, signaling strong investor enthusiasm and confidence in the company's prospects. - The collaboration with Meta in the AI space is expected to unlock significant growth opportunities for Nvidia, further solidifying its position as a leader in the semiconductor industry. - However, caution has been voiced by a NYU professor regarding Nvidia's investment potential, suggesting the need for careful consideration and risk assessment. Technical Analysis: Nvidia's stock has experienced a sharp uptrend following the announcement of the Meta AI deal, with bullish momentum indicating a favorable outlook for further gains. Technical indicators support the bullish sentiment, highlighting a potential long opportunity for traders. Conclusion: While Nvidia's partnership with Meta presents exciting prospects for the company's future growth, traders should heed cautionary voices and conduct thorough research before making investment decisions. It's essential to assess both the upside potential and the associated risks before entering into a position. Don't Forget to Engage: Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you found this idea insightful! Your engagement helps foster discussion and broaden the reach of valuable insights. Trading based on this analysis carries inherent risks. Conduct your own research and consult with a financial advisor before making any investment decisions. Happy trading! Longby MarxBabu3
$NVDA going higher - high probability - TENNIS BALL ACTION!!NASDAQ:NVDA is showing a Mark Minevini's Tennis Ball action with at least 5 out of 7 days of high and higher volumes. LONG!Longby Silverbullet121336
NVIDIA's market crash trigger.It was long and tedious. But finally. Okay, I'm placing the end of the pullback between 0.5 and 0.382 . We'll be watching this. It's going to drag a lot of things down with it.Shortby averkie_skilaUpdated 336
NVIDIA: Large MovesOverview My first two publications on this idea were removed and I was banned for a day so let's try this out again: ... I finally gave in and started looking into NASDAQ:NVDA and I'm glad I did. If I was going to comfortably invest in derivatives or shares of the tech company, I needed to perform a full evaluation and determine pragmatic price targets. Price Projections I have two macro projections and one micro projection that I would like to share with you. On the 1D chart I've established two Fibonacci retracements: one representing uptrend (green) and the other representing a downtrend (red). At the current moment of this publication, an ascending triangle is beginning to form on the hourly and daily charts. This leads me to believe that the markets haven't had their fill yet and that NVDA is most likely gearing up for another rally. If this breakout does occur, I believe that a price target of $750 is reasonable as this value rests around the 161.8% Fib level. For my second macro projection: a correction to the low $300s, or even mid $200s, is a reality as both of these values rest around or near a 50% or 61.8% Fib retracement level. The market does not appear to feel bearish on NVIDIA and a correction like this would require the current ascending triangle to become invalid which is unlikely without an external catalyst -- which is most definitely in existence. I explain this concept in more detail later in this article; you can find it under "NVIDIA Outsourcing." And finally, for those of us that want to make all the short and medium-term trades in-between, I've attached a copy of my projections within the ascending triangle and attempted to match them to the market's sentiments. This led me to project a double bottom within the current pattern. There is a possible second ascending triangle forming at the moment so I am remaining cognizant of significant support around the $470-480 range in the chance that this causes an invalid double-top (M pattern) and a potentially earlier breakout. About the CEO Jensen Huang is the CEO and President of NVIDIA and has held his title since 1993 when he first co-founded the company. He has a Master of Science in Engineering from Stanford University and, from what I've seen in a couple of his interviews, is very intelligent and self-aware. I'd like to regard him as a more stable version of Elon Musk or Steve Jobs. NVIDIA Outsourcing The impression I received during my research is that a lot of the semiconductor chips used in NVIDIA's A.I. projects are sourced from Taiwan Semiconductor Manufacturing Company (TSMC). As you probably already guessed, TSMC is located in Taiwan. The reason I believe that this can be problematic for the company is because, as of late, China has become more outspokenly aggressive towards Taiwan whom it believes it holds sovereignty over. Should China choose to invade the nation I believe this will result in a choke on NVIDIA's production which -- on top of market reactivity -- will drive the share prices downward. To touch on another geopolitical issue very briefly, Huang has made it clear that they supply China with limited-capacity chips to uphold National Security concerns in regards to artificial intelligence. This could very well serve as a motivator for China to want to gain control of TSMC as it would then obtain an advantage over NVIDIA: "give us fully capable chips or else." This is just my opinion and I came to this conclusion from my own research and from my limited knowledge on human psychology. Second red flag for outsourcing, TSMC requires the use of a specific technology that is only delivered by a Dutch company called Advanced Semiconductor Materials Lithography (ASML). I won't dive into the full details but their technology has yet to be reverse-engineered or produced at the same efficiency. ASML provides TSMC the ability to create an end product for NVIDIA. I think it goes without saying, that if NVIDIA does not figure out how to create an equally efficient manufacturing technology, or at least close to, then if ASML one day decides to stop providing said technology -- a market crash will occur for NVIDIA. Fundamental Analysis Time for the dry stuff. According to NVIDIA's Q3 Earnings Call, the following data is assumed to be true: Current Ratio (current assets/current liabilities) = 3.59 --> a 2% increase since January 29, 2023. Cash On-Hand has increased by 62.85% since January 29, 2023. Total Assets outpaced Total Liabilities with assets increasing by 31.49% while liabilities increased by 9.44% since January 2023. Retained Earnings increased by 100.18% since January 29, 2023. Long-Term Debt decreased by 12.84% since January 29, 2023. Other notes: NVIDIA is presently undergoing several class action lawsuits filed in the United States District Court for Northern District of California, for the District of Delaware, and in the Court of Chancery of the State of Delaware. The lawsuits claim that certain NVIDIA executives made misleading statements related to channel inventory (product in between the manufacturing and reseller inventory stages) and impact of cryptocurrency mining on GPU demand between May 2017 and Nov 2018. There has been significant insider liquidation in 2023. In total, executives from NVIDIA – including Huang – have liquidated upwards of $786.8M in company shares within the calendar year. I would typically consider this a red flag but not a sign for impending declines; securing profits may be the only motivation. NVIDIA’s Board of Directors approved a share repurchase program up to $25.24B. Approximately 800K shares ($366M) were repurchased by the company from October 30 - November 17, 2023. This coincides with a relatively large rally followed by a 10% dip immediately after the Q3 Earnings Call. by Shepherd_InvestorUpdated 228
NVDA Is Forming 0-5 Pattern .the detail is shown in the above Idea. I made this Idea based on Candlestick Analysis and Harmonic pattern. Bullish 5-0 pattern should be formed, not necessarily mandatory, in the downtrend so it can have a much higher success rate. Bullish 5-0 is drawn as Shark pattern, but with additional C-D leg. That means you can first have the Shark pattern on the chart and then wait until C-D retracement happens. B-C leg has two Fibonnaci rules so you can watch two bullish scenarios. The final difference will be in your profit target because the C point has two different lengths. You need to watch out that the A-B leg is reciprocal to C-D leg, AB=CD, to pattern be valid. by SEYED98Updated 448
Nvidia's Spectacular Rise: A $2 Trillion ValuationNvidia ( NASDAQ:NVDA ), the powerhouse in AI chip technology, is poised to close with a staggering $2 trillion valuation, marking a historic milestone in the realm of tech giants. The ascent comes on the heels of an optimistic forecast from Dell Technologies, propelling Nvidia's ( NASDAQ:NVDA ) stock to new heights and igniting a broader rally in the AI sector. Dell's rosy outlook, particularly regarding the surge in orders for AI-optimized servers powered by Nvidia's ( NASDAQ:NVDA ) processors, served as a catalyst for the market frenzy. With Dell's shares soaring to record highs, Nvidia's ( NASDAQ:NVDA ) stock surged by 3.6%, solidifying its position as a dominant force in the AI ecosystem. At $2.05 trillion, Nvidia ( NASDAQ:NVDA ) now stands as the third most valuable company on Wall Street, trailing only behind tech behemoths Microsoft and Apple. This remarkable valuation underscores the pivotal role Nvidia ( NASDAQ:NVDA ) plays in shaping the future of AI-driven innovation. The ripple effects of Nvidia's success were felt across the semiconductor industry, with companies like Super Micro Computer, Broadcom, and Marvell Technology witnessing significant gains. The PHLX chip index itself rallied to a record high, reflecting the widespread enthusiasm for AI-related investments. Nvidia's stranglehold on the high-end AI chip market, with prominent clients including OpenAI, Microsoft, Alphabet, and Meta Platforms, highlights its unrivaled position in driving advancements in generative AI technologies. As demand for its components continues to soar, Nvidia's stock has emerged as the most traded on Wall Street, surpassing even the likes of Tesla. The meteoric rise of Nvidia's ( NASDAQ:NVDA ) stock, which has surged by 65% in 2024 alone, underscores the insatiable appetite for AI-driven solutions and the company's relentless pursuit of innovation. With its stock market value eclipsing that of tech giants like Amazon and Alphabet, Nvidia ( NASDAQ:NVDA ) has firmly cemented its status as a powerhouse in the tech industry. While Nvidia's ( NASDAQ:NVDA ) journey to a $2 trillion valuation is nothing short of remarkable, it also poses challenges and scrutiny. Questions about market dominance, supply chain constraints, and the sustainability of growth loom large as Nvidia ( NASDAQ:NVDA ) continues to chart its course in the ever-evolving landscape of AI technology.Longby DEXWireNews3
If Seize the Day was a Company: Nvidia’s Formidable RiseUnhinged demand for Nvidia’s AI chips bumped the company’s valuation to $2 trillion, adding half of that in less than four months. Read how it happened. Table of Contents Genesis Compiling Speedrun Benchmark Spillover Overclock Much? Rage Quit More Players Exit Wild Rivals Appeared! Runtime Genesis It’s a crisp, sunny morning in 1993. You’re at your local diner in Silicon Valley, casually sipping your coffee and waiting for your meal. At the table next to you, three engineers are cranking on caffeine and dreaming up a gig that would end up changing not only their lives, but also usher in a new era of computing. It’s the three founders of a company called Nvidia (ticker: NVDA ). A business-savvy 30-year-old Oregon graduate Jensen Huang, hardware savant Chris Malachowsky and software geek Curtis Priem spun up the business more than 30 years ago. Together, they set up their venture in a bid to bring 3D graphics to the gaming space. Compiling Today, the thriving company is doing much more than that. Nvidia, which traces its humble origins back to a Denny’s diner, is now the backbone of the artificial intelligence revolution. Nvidia was for a long time shoved into the deeper corners of the gaming space and was barely known to the public. For most of its existence, it’s been making graphics cards, which are used by gamers, crypto miners, plain PC users and professionals from various industries. The company’s booming business line right now is AI chips—hardware pieces essential for training large language models, the type that underpins systems like OpenAI’s ChatGPT. AI chips have also underpinned another side of Nvidia—they’ve touched off a monster rally in its share price. Enough to catapult its valuation to the Top 3 of America’s biggest companies , right after iPhone maker Apple and software heavyweight Microsoft. Speedrun It took just about 24 years for Nvidia to step into the exclusive $1 trillion club, having started trading as a public company in 1999 at a $625 million valuation. Then in the span of just four months—November 2023 through February 2024—Nvidia added its second trillion, largely thanks to its timely expansion from its flagship products to the powerful AI chips. Now, Nvidia is comfortably sitting in the Top 5 of the world’s largest companies . “A whole new industry is being formed, and that’s driving our growth,” chief executive Jensen Huang told shareholders right after the company published jaw-dropping 265% revenue growth for the final quarter of 2023. The chip darling picked up $22.1 billion in sales, up from $6.05 billion a year ago. Profits swell to more than $12 billion. Source: Stock Analysis Benchmark The earnings release fueled a never-before-seen $277-billion boost to the chip maker's valuation. It was the biggest one-day gain in history of the stock market, surpassing Meta’s recent $204.5 billion pump . On the second day after the December-quarter financials were published, Nvidia went on to soar above $2 trillion in value with shares changing hands at more than $800 a pop. Not only that, but the AI trailblazer’s report jolted markets so much it set off a buying spree on a global scale. Spillover In the US, the broad-based S&P 500 index notched an all-time high, joined in record territory by the Dow Jones Industrial Average. In Japan, the diverse Nikkei index broke out to a fresh record after 34 years of languishing performance. Nvidia’s magnificent rise has propelled Huang’s personal fortune to roughly $70 billion, a reflection of his 86.6 million shares, or 3.6% of the company. Is it time for an attire upgrade away from the black leather jacket? Shares of the company more than tripled in 2023 and pumped over 60% for the first two months of 2024. Jensen Huang wearing his signature leather jacket—an outfit picked by his wife and daughter. Source: nvidianews.nvidia.com Overclock Much? The fundamentals behind the company’s breakneck growth are undoubtedly real. Demand for Nvidia’s most advanced GPUs, called H100s, is so big the chips are being delivered in armored trucks. Each one of them weighs about 290 lbs (130 kg) and will set you back about $30,000 if you’re lucky to get one. With that said, supply isn’t too loose with Nvidia holding about 80% of that market. What’s more, a new, more powerful H200 chip will be hitting the market in the second quarter of this year. So what does this mean for the unstoppable rally? Analysts are quick to say that as long as Nvidia maintains its tight grip over supply, outweighing demand should continue to drive the up-only narrative. Presently, Nvidia has the capacity to develop about 1.2 million AI-focused chips a year, far insufficient to meet the insatiable demand. To illustrate, Meta chief executive Mark Zuckerberg popped on Instagram to brag about his plans of securing 350,000 units of that good H100 stuff by the end of 2024. Besides the Facebook parent, Nvidia’s biggest customers are Microsoft, Google and ChatGPT owner OpenAI. Rage Quit The stampede by investors rushing to buy up stock wouldn’t be complete if it weren’t for the naysayers and doom-and-gloom forecasters. You’d be surprised to see who is on that list of permabears, slamming the chip maker and getting their short positions ready to fire. Or already fired. Following Nvidia’s post-earnings explosion, short sellers were left nursing paper losses in excess of $3 billion. Staring at giant drawdowns might sting just as badly as missing out the ride. Disruptive-tech investor Cathie Wood, CEO of investment firm ARK, said in 2023 that Nvidia was “ priced ahead of the curve .” By the end of the year, Wood had offloaded a stake worth more than $100 million. Estimations point that this early leave may be equal to more than $500 million in missed-out profits. There are other notable names in the investment space who got rid of—or heavily trimmed—their Nvidia shares by the end of last year. (Hedge funds and other investment managers who oversee at least $100 million are required to disclose their holdings in public companies each quarter through a form called 13F.) More Players Exit In its 13F filing with the Securities and Exchange Commission, George Soros’s family office Soros Capital had completely exited Nvidia in the third quarter, selling shares worth $4.9 million. Billionaire Stanley Druckenmiller’s family office held 875,000 shares of Nvidia going into 2023’s third quarter. By the end of the fourth quarter, that hefty stash had been reduced by roughly 40%. Druckenmiller still owns some $300 million in Nvidia shares and even scooped up call options with a notional value of $242 million. The sellers’ argument wraps around the heavily cyclical nature of chip demand. While in good times there’s euphoria and chip companies triumph, they could also be prone to setbacks once the tide turns. A fresh example from Nvidia’s recent performance is the 60% drop in its share price in the time span April through September 2022. Nvidia's share price endured a 60% drop between April and September 2022. Wild Rivals Appeared! Competitors from the hardware corner of the economy don’t sit idle while Nvidia goes on an all-out expansion mission. Advanced Micro Devices (ticker: AMD ) is already selling chips similar to the H100s and projects revenue to land at $3.5 billion in 2024. If that number is met, or even doubles, it still will be a blip compared with Nvidia’s $100 billion full-year revenue Wall Street expects. SoftBank-backed Arm Holdings (ticker: ARM ), whose stock is just as volatile , is in the AI race too. So is Intel (ticker: INTC ) — the US tech mainstay makes and sells chips that power generative AI software. Nvidia, meanwhile, is busy taking steps to try and cement its dominance in the AI space. It’s already in talks with big tech giants such as Microsoft, Amazon and Google over developing custom chips. Meanwhile, all three are manufacturing their own chips. Runtime The big question lingering on everyone’s mind is when will that dizzying AI boom come to a halt or at least pause for breath? Nvidia’s formidable rally, fueled by the rush for graphics processors, is the very definition of what seizing the day means. What’s a reason that may extend this run? One reason is that the company keeps adding blockbuster earnings quarter in and quarter out. A second one—Nvidia will need to find a way to work together with tech giants seeking to cut into the AI business. And thirdly, all that effort should eventually pay off by laying out the infrastructure that will foster the much-anticipated AI-driven productivity gain. Editors' picksby TradingView2121779
Nvidia - Congrats!Nvidia today popped over 25% on blockbuster earnings. We predicted this as far back as February 15, 2023. Congrats if you opened a position or bought Call options! ---- How to understand price action. It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand. You can also think of these indicators as moving pivot points . MasterChartsTrading Price Action Indicators show good price levels to enter or exit a trade. The Blue indicator line serves as a Bullish Trend setter. If your instrument closes above the Blue line, we think about going Long (buying). For commodities and Forex, when your trading instrument closes below the Red line, we think about Shorting (selling). For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts ). A stock has to close below the Yellow line first, then rally towards the Red line and top out there. This is where I would short it.Longby masterchartsUpdated 4