Triple top.. bye bye NvidiaPrice cannot get past 960-970$ zone These failures create a triple top formation that is a very bearish pattern I expect a sharp downtrend move in the next weeksShortby balinorUpdated 989891
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
$NVDA #Nvidia Gain on positive news: #Nvidia reported a 262% increase in revenue and a 462% increase in profits YOY ALSO: NVDA announced a 10-for-1 stock split Nvidia’s post-split shares will begin trading at the market open on June 10 Nvidia shares rose as much as 4% in after-hours trading following the report For the Analysis. This was made 2 days prior as a contribution. #Nvda Jumped straight to R2 news released after the bell closed on Wednesday. (POST WAS REMOVED EARLIER DUE TO RESTRICTED CONTENT). Will update this post with a new analysis. Stay tuned, Stay sharp;) Longby BaseLineTraders1
NVIDIA LAUNCH TO THE MOONthis is just a wow factor. bullish signals, competency on fleek in the market, global liquidity injections. Nvidia is flying. who ever caught this back in 2022 well done Longby lunster0
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
pure technicalsearnings aside NVDIA chart is looking bearish, it has closed out the ascending triangle like never before, probabaly a little sell and the earnings wont come as good as expected but not horrible, ive been doing this for 4 years news just an excuse 8/10 times to do what the chart says. lets see! im just using this to see if i should enter crypot ai coinsShortby DoubleDollars007Updated 222
NVIDIA NVDA - Breaking Upward towards $1000?NVIDIA NVDA continues to swing upwards. We are keeping an eye on the $1000 level. Is this a good time for a call Option entry? Longby PortfolioBuildersClubUpdated 0
While FED depends on Data NVDA stocks clearly predict Zero RatesNvidia reported another blowout earnings report in its first-quarter results, and its stock is soaring to record highs above $1,000 per share on Thursday. The company reported revenue and profit that surpassed analyst estimates and offered second-quarter revenue guidance that was well ahead of Wall Street's expectations. On top of that, the company announced a 10-for-1 stock split and increased its quarterly dividend by 150% to $0.10 per share. Wall Street analysts were impressed by the results, with a slew of price target increases hitting the tape this Thursday morning. Goldman Sachs (GS): "New products to drive sustained growth in Data Center" ⚡ Analysts at Goldman Sachs pointed out that the company delivered accelerated year-over-year revenue growth, with its Data Center business growing revenue at 427%. JP Morgan (JPM): "Demand continues to outstrip supply into CY25". ⚡ Analysts at JPMorgan said they were impressed that Nvidia is seeing more and more industries participate in the demand for its H100 AI chips. Bank of America (BA): "Now see $50+ EPS power in two years". ⚡ Analysts at Bank of America said Nvidia's first-quarter earnings report suggests a smooth transition to the company's next-generation Blackwell chips, and that's going to lead to massive revenue gains. Wedbush: "AI revolution just getting started" ⚡ Analysts at Wedbush said the "AI gold rush" is just getting started as a "tidal wave" of spending on AI chips hits the entire tech sector. Nonetheless, this story is a little bit another, rather than Goldilocks tales. With more than 25 years of NVDIA shares trading, and an amazing 237000 % profit since NVDA IPO inception in January, 1999, in nowadays it costs approximately as low as 0.20x to S&P500 stock index (SPX equal appr. to 5 (five) NVDA shares in this time). The main technical graph is a differentials exposure between 5 NVDA shares and SP500 index. Well.. there're you see 3 clear cases of NVDA shares advantage over the past 25 years: • Early 2000's when US Interest Rates turned Zero. • 2007-09 when US Interest Rates again turned Zero. • Early 2020's when US Interest Rates once again turned Zero. While FED officials depends on Data, maybe (just maybe) NVDA stocks indeed clearly predict deflationary winds and US Interest Rates at Zero again. Thanks for happy reading. 😎 Cheers, Pandorra by Pandorra2
Vibranium Capital raises NVDA PT from 700 to 1150+🎯 boost and follow for more! ❤️🔥January 18th I released a bullish update with 600-700 dollar price targets, since then we have smashed those targets.. Also we had a recent earnings report. So time for some updates? Well it looks like this "AI hype/AI bubble" isn't slowing down, the earnings on NVDA were extremely good. So I have raised my Price target from 700 to 1150+, I can see it hitting this in the next year! in case you didn't keep up with the earnings report, here is a summary 👉 -Nvidia will spend $9.2 billion to buyback its own stock. Talk about putting money where your mouth is! -*NVIDIA 4Q REVENUE $22.1 B, EST. $20.6B ( BEAT ✅ ) *NVIDIA 4Q ADJ EPS $5.16, EST. $4.63 ( BEAT 📷 ) -multiple PT upgrades from - BofA Global Research - Morgan Stanley - Vibranium Capital - Wolfe Research - many more Longby Vibranium_CapitalUpdated 131342
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
NVDAWeekly chart here with log Scale... . Upper boundary has been respected for years 7years here and so has Weekly 200sma (Purple line)... last test of upper boundary was March .. The resistance is slanted upwards so Technically NVDA can make another high without breaking.. Lets see NVDA did rally after earnings, the upoer boundary or trendline would now be 1080-1100 which would represent another 12-15% move up .. Here you can see that when NVDA is over 150% extended from its weekly 200sma a crash occurs.. And when i say crash i mean 35-50% dump .. If NVDA was to pop to 1100 that would put it at 275% extended from 200sma and also near resistance. I think i nvda will pull back to weekly 200sma or 410.00 by fall of 2025 and that if this pops it will be the last high for some time.. Shortby ContraryTraderUpdated 363687
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(#NVDA) - we held above $776 retest its now going for the next target which is $1007Longby directoptionalertsUpdated 660
Time for a rug pull on this bubble stockDump the bubble stock on retail. Yours sincerely, Wall StreetShortby T-r-X666
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 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
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 - 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
NVIDIA biggest pic. 23/May/24NVDA possible forming a leading diagonal pattern in wave (a)(Red). P/s. It seem like 99% stocks/index chart "showing" year 2025...by SteveTan0
NVIDIA. short term swing setup. 23/May/24NVDA just announced a 10-for-1 stock split. So it will be more affordable at $100 +/- than $1000 and "this chart" will be "out of proportion". Support would be @ $900 or 90 +/- (after splitting) if there is a pullback. by SteveTan0