PULLBACK TO Y+1NVDA Staging pullback to 805 where the Y+1 VWAP is. Should hit here this week. Will the buyers reload?Shortby timdug110
The Legal Quagmire: NVIDIA's Copyright Woes and the Future of AIIn the high-stakes world of technology and artificial intelligence, the recent legal entanglement of NVIDIA ( NASDAQ:NVDA ), a powerhouse in AI chip manufacturing, has sent shockwaves throughout the industry. The emergence of a copyright infringement lawsuit against NVIDIA ( NASDAQ:NVDA ), spearheaded by three authors, Brian Keene, Abdi Nazemian, and Stewart O’Nan, has not only cast a shadow over the company's integrity but also raised pertinent questions about the ethical use of intellectual property in AI development. The crux of the matter lies in NVIDIA's ( NASDAQ:NVDA ) AI NeMo development, which allegedly relied on a vast array of copyrighted works, including the aforementioned authors' books, to train its generative AI model. This revelation has ignited a firestorm of controversy, with the authors accusing NVIDIA ( NASDAQ:NVDA ) of unauthorized usage of their literary creations, thus infringing upon their copyrights. At the heart of the lawsuit is the assertion that NVIDIA ( NASDAQ:NVDA ), knowingly or unknowingly, incorporated these copyrighted materials into its AI platform, thereby reaping the benefits of others' intellectual labor without proper attribution or compensation. This not only raises serious legal implications but also underscores the ethical dilemma surrounding the exploitation of creative works in the pursuit of technological advancement. The ramifications of this legal battle extend beyond the courtroom, reverberating across the AI industry and financial markets alike. NVIDIA's ( NASDAQ:NVDA ) shares witnessed a significant dip of about 5.5% in value following the news of the lawsuit, signaling investor apprehensions about the company's legal liabilities and potential financial repercussions. Moreover, the lawsuit has cast doubt on NVIDIA's ( NASDAQ:NVDA ) reputation as a frontrunner in AI innovation, with stakeholders questioning the company's adherence to ethical standards and intellectual property rights. Amidst the legal wrangling and market volatility, one cannot overlook the broader implications for the future of AI development and its intersection with copyright law. As AI continues to evolve and permeate various aspects of society, the need for robust legal frameworks to govern its usage and safeguard intellectual property rights becomes increasingly urgent. The outcome of this lawsuit could set a precedent for how tech giants navigate the complex terrain of AI development while upholding ethical and legal standards. In response to the allegations, NVIDIA ( NASDAQ:NVDA ) has remained tight-lipped, opting not to comment on the matter publicly. This silence has only fueled speculation and uncertainty, leaving stakeholders grappling with unanswered questions about the company's involvement in the alleged copyright infringement. As the legal saga unfolds, it serves as a sobering reminder of the intricate ethical and legal considerations inherent in AI development. Beyond the courtroom drama and market fluctuations, it prompts a critical reflection on the responsibilities of technology companies, the rights of content creators, and the broader implications for society at large. In the ever-expanding landscape of AI innovation, navigating the fine line between progress and ethical integrity remains a paramount challenge—one that requires collective vigilance and unwavering commitment to upholding the principles of fairness, transparency, and respect for intellectual property.by DEXWireNews1
NVIDIA SHORT POSITION STRATEGYIf NVIDIA Drops below $593, good short entry point is the breakdown level from parallel channel. Take Profit at $469. Stop loss for short position set at breakout level above parallel channel at $596ish Not financial advice.by JK_Market_Recap0
Tech Showdown: Nvidia Is Approaching Apple in Market ValueNASDAQ:AAPL shares have experienced a correction of nearly 20% from their recent high, while NASDAQ:NVDA stock continues to surge, reaching new highs and surpassing $900 early on Thursday for the sixth consecutive day of gains. Nvidia vs Apple Nvidia, the artificial intelligence chip maker, recently surpassed Saudi Aramco to become the world's third most valuable company, and now it has its sights set on Apple. Although there is still a significant gap in terms of market capitalization, approximately $400 billion, it is the closest the two companies have ever been. At the beginning of the year, Apple was worth $1.33 trillion more than Nvidia, and a year ago, the gap was $1.83 trillion. Ten years ago, Apple was 47 times larger than Nvidia. The performance divergence between the two stocks has been particularly pronounced in 2024, with Apple falling 12% and Nvidia increasing by 79% so far this year. Apple's shares faced additional pressure earlier in the week after a report suggested a 24% decline in iPhone sales in China during the first six weeks of the year. On the other hand, Nvidia's momentum remains strong, with shares climbing for five consecutive days and experiencing a 14% increase during that period. In contrast, Apple has declined for six consecutive days, with a decrease of over 7% during that time. Is Nvidia Overvalued? While some may question whether Nvidia is entering bubble territory, analysts believe that the company's valuation is justified due to its current earnings and future earnings potential. From a technical perspective, Nvidia recently broke through the $807 level, indicating a momentum trade that has already yielded about 15% in profit.Longby wealth_compassUpdated 2
nvidiaquestion? is this a channel being created towards the downside? IM just your typical noob trader looking for answers. by Bagstreet113
NVDA - Top of range bound trade.NVidia is at the top of it's uptrend trading channel now. Due for some pull back in the short term. by platinum_growth220
NVDA price Action Review since EarningsGoing over NVDA price action since Earnings. looking for clues and the road map. what to expect levels we're looking at and how we plan on playing NVDA this week. 02:37by BobbyS8132
Strong Down Reversal PatternChart Speaks : Bearish Engulfing Red Candle with High Volume Downward Target as per Trendline and FIB Retracement = 800 & 765 Shortby Rohit_PSV2
Is there any upside potential for the main 2023 leader? NVDA demonstrated astonishing move for market-type stock, gaining more than +230% since Jan 2023. Is there any upside left in the mid-term? My analysis of the price structure suggest there at least on possibility for that in the mid-term, although... ... on Daily time-scale until price stays below 479 and Aug highs , I cannot rule out one more, potentially sharp and scary, move down to important mid-term support zone: 371-307 as per green count on the chart. Under this scenario, the price needs to find support in this area and start building the bottom and the right side of the base/cup. Alternatively, if price manages to consolidate above Sep low and create pivot around recent 476 highs, I would be eager to consider going long with price breaking above 479 with volume support. Trading thesis: until price respects 479 short-term resistance area, I would lean towards the short side, with any consecutive lower-low being a shorting opportunity (orange circle on a chart above as a potential example) with stops above recent high. Although mid-term analysis shows potential for at least one more leg up, in the short term we are in no mans land, with both sides (long/short) having technical arguments to support itself. I would wait for the dust to settle and high quality, low risk set-up to emerge before taking any decisive stance. by artemfedorovUpdated 222
$NVDA - Reversal incoming!NASDAQ:NVDA has formed a shooting star pattern on the weekly chart, indicating a potential reversal, especially with a gap below. Additionally, a bearish engulfing candle has appeared on the daily chart, further reinforcing the possibility of a downturn in the stock. Downside targets: $751 $683Shortby PaperBozz3
NVIDIA NASDAQ Topping Out Multi Year Correction IncomingNVIDIA and the whole stock market is topping out. I see a crash coming perhaps within the next month or two. NVIDIA has weekly bearish divergence on the RSI so a drop is imminent and a possible multi year downtrend as the chart shows. The valuation is over 2 trillion, thats a little ridiculous as are most valuations on these companies. This blowoff in the stock market is now the whales who bought at the bottom unloading their bags onto the new investors. I can see it in the comments. As soon as I read on a live stream that NVIDIA is going to save the world and go to 20k by some randinos, that indicates to me that its the top. THIS BELOW IS A NEAT LITTLE READ, NOT MY OWN THIS IS BY Justin Gabriel | Feb 17, 2023 In 1929, at the height of an economic boom in America, Joseph Kennedy Sr. (father of JFK) was working as a stockbroker on Wall Street. As the story goes, Joseph was walking around when he decided to sit down for a shoeshine. While polishing his shoes, the young worker gave Joseph some of his favorite stock picks. When Joseph heard the shoeshine boy giving out stock tips, he figured the party was about to end, and it was time to get out of the market. Joseph proceeded to exit his positions in the market and bought short positions that bet on the market going down. Shortly after that, the stock market entered a free fall. On Monday, October 28, 1929, the market dropped about 13%. The next day it fell another 12%. These became better known as Black Monday and Black Tuesday, and ushered the United States into The Great Depression. Shortby BitgolderUpdated 646454
NVDA Nvidia Buy the Dip OpportunityNVDA and MSFT stood out as my top picks for 2023! On the chart, you'll find some of my past buy recommendations, such as this one before the earnings: In my view, the current retracement presents a favorable 'buy the dip' opportunity. Utilizing the Fibonacci retracement tool, I've identified a buy zone between the 0.618 level and 0.5, ranging from $785 to $821. My year-end price target is set at $1100! Most likely, we'll see a stock split soon, a move that is statistically considered bullish!Longby TopgOptions2215
Bearish engulfing Nvidia closed Friday with a -5,5% and a daily “bearish engulfing” candle that usually means the trend is reverting Purple Trendline also breaked with a closing below A downtrend is starting!Shortby balinor2
Drop will be massive, prepare yourselfNVDA's break of the pattern is almost certain. The break will be powerful and nasty. Bearish RSI and MACD confirm this move. Could be "the top" for NVDA like Cisco had in 2000. When the pattern is broken everyone will try to exit from position, but the door will so narrow, and not everyone will exit on time. Shortby Consistent_TradesUpdated 558
Thar She Blows...OMG RISK IS OFF FOLKS...jokes aside this trend is coming to an end...Could I be wrong? OFC NOT TECHNICAL ANALURSIS RULES THE WORLD, I have marked a potential zone where I think prices may retrace to however the time element is a hard one to predict - It is likely we linger in a range around a top for a while before it really dies creating more bagholders/toplongers.Shortby Swoop66
Downside Target: $364Big rejection on the monthly logarithmic chart. The target area looks like around 62% down from ATH, or about 58% down from todays closing price. Around $364 or so.Shortby DollarCostAverage334
Nvidia's Meteoric Rise: A Rally Cools Amid Market TurbulenceIn a stunning reversal, Nvidia Corp.,( NASDAQ:NVDA ) the behemoth in the semiconductor industry, witnessed its most significant one-day drop in nine months, sending shockwaves through the market and prompting questions about the sustainability of its blistering rally. Traders scrambled to lock in profits following an astonishing surge that saw Nvidia's ( NASDAQ:NVDA ) stock skyrocket by over 19% in just six consecutive trading days. The chipmaker's shares tumbled by 5.6% on Friday, marking the largest single-day decline since May 31. The magnitude of the drop was staggering, erasing approximately $130 billion in market value—a feat rarely witnessed in the annals of US stock market history. Nvidia's ( NASDAQ:NVDA ) meteoric ascent this year has been nothing short of breathtaking, fueled by buoyant optimism surrounding the relentless demand for its chips, particularly in the realm of artificial intelligence computing. Despite the setback on Friday, the stock has still managed to post staggering gains, boasting an impressive surge of over 70% since the beginning of 2024. With a market capitalization hovering around $2.2 trillion, Nvidia ( NASDAQ:NVDA ) stands tall as the third-largest company in the S&P 500, trailing only behind tech titans Microsoft Corp. and Apple Inc. However, signs of overheating were evident earlier in the session as Nvidia's ( NASDAQ:NVDA ) shares surged by as much as 5.1%, pushing key momentum indicators to dizzying heights. The relative-strength index soared above 85, reaching levels not seen since November 2021, signaling that the stock was ripe for a correction. The rapid ascent had triggered warnings of potential market turbulence, underscoring the need for caution amidst euphoric sentiment. The pullback in Nvidia's ( NASDAQ:NVDA stock price serves as a sobering reminder of the inherent volatility in the markets, punctuating a period of exuberance with a dose of reality. While the long-term growth prospects for Nvidia ( NASDAQ:NVDA ) remain robust, investors are urged to tread carefully amidst heightened uncertainty and evolving market dynamics. As Nvidia ( NASDAQ:NVDA ) navigates through choppy waters, the focus shifts to the company's ability to sustain its growth trajectory and weather the storm of market fluctuations. With innovation at its core and a track record of resilience, Nvidia is poised to emerge stronger from the current setback, reaffirming its status as a stalwart in the ever-evolving landscape of technology and finance.by DEXWireNews4
NVDIA: Is it finally correcting?NVDIA Corporation is having a -5.50% day so far and that was enough to make the 1D timeframe not overbought again (RSI = 69.907, MACD = 67.840, ADX = 37.914) for the first time since February 21st. On the 1W timeframe though it remains vastly overbought (RSI = 89.349), which means that on the long term the stock has considerable room for a downward correction. However on this 1D chart, there are no signs of a bigger correction yet, just a 'standard' -21% to -26%, which gives a short term target on the middle of the 18 month Channel Up (TP = 775.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Shortby InvestingScope5
$NVDA , Rising Wedge?Just saw this pattern playout to the downside on NASDAQ:TSLA ... IS Juice worth it to downside? Here on NVDA, Potential Gap Fill?... Very hard to short this... Just food for thought. Shortby Prophecies_R_UsUpdated 113
NVIDIA- 100 points off today's high by noon!Nvidia, the leader that is pulling the whole market is off $100 from today's high. There are 15 stocks on the SOX whose earnings and revenues have decline since last year and they will get smoked. It's time to look at fundamentals and clean up the weak links. by onlytrade2win3
NVDANVIDIA shares have been accumulating for a long time. The last few days we have been watching the price trying to get out of the zone. There are no significant resistances from above, which means there will be no potential sellers up to the $1500 levels. Tensions are growing in the Pacific Ocean, where the production of the "hearts" of all world technology is concentrated. Maybe we will have to live not only in conditions of resource scarcity, but also in conditions of technology scarcity? Longby Lazy-LizardUpdated 2
Love This $NVDA Long Entry ZoneI have been waiting for a nice pullback on NASDAQ:NVDA to enter a long position. This is where I would. #NVDALongby Coin_Blast4412
NVIDIA gives back early gainsIt’s halfway through Friday’s trading session for US stocks, and the major indices have given up earlier gains. Earlier this morning both the NASDAQ 100 and the S&P 500 hit fresh record intra-day highs, helped along by NVIDIA. Having jumped close to 7% yesterday, it added another 3% in after-hours trade this morning. Investors continue to close their eyes and pay up in a seemingly desperate attempt to get a slice of generative AI action, while quashing their collective FOMO. The size and speed of this latest leg of NVIDIA’s rally is quite stunning. The chip designer’s stock is up 93% since the start of this year. In contrast, Tesla, the old market darling, is down 28% over the same period. In fact, it’s been a mixed few months for other ‘Magnificent Seven’ stocks. Meta Platforms has tacked on an impressive 45%, while Amazon and Microsoft are up 16.7% and 8.6% respectively. But Apple has lost close to 12% so far this year, while Alphabet (another generative AI player) is down 4%. What to make of it all? Well, it’s quite obvious that some differentiation is coming back into the market, but one could argue that that there’s now too much concentration of risk in NVIDIA. The chart is looking very etiolated, and we’ve got a long wait until there’s another quarterly earnings update which could provide further evidence to back up or boost its current valuation. US stock indices rallied initially following today’s Non-Farm Payroll release. While payrolls came in above the consensus expectation, there were significant downward revisions to the last two months of data. Average Hourly Earnings dropped back following last month’s high reading, and the Unemployment Rate jumped to +3.9% against last month’s +3.7%. Overall, this was what the market wanted – signs that the labour market was loosening up. But equities have pulled back from their best levels, led by NVIDIA which is now down on the day. Is this just a small burst of profit taking ahead of the weekend, or the start of something bigger? by TylerNorcross2