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I remember my 3rd of 4 daughters explaining to me how convenient it would be to have a robot. (AI).
I asked, “what would you have it do?”
She exclaimed, “everything I dont want to do..” and after a long diatribe, she finally finished with, “read books and tell me”…
I thought, “did she catch that?”
Who will be your teacher? What will they’ want you to know?
AI definitely has two paths.
It could be the greatest thing ever for mankind. AI super intelligence could solve all our problems with medicine, energy, finance, transportation. It could eventually increase human lifespan’s immensely. Every facet of life could be immeasurably better.
Or.
It could be the worse thing to ever happen to mankind. Some believe AI would take over and end the life of every human on the planet. Most sci-fi movies about robots and AI portray it that way - but I think mostly for the “shock” effect, to draw more viewers.
For myself, I believe if it can be done correctly and controlled? I think it will end up being somewhere in between. We will benefit from it, hopefully.
At any rate, the next few years will benefit those who lead in it. And NVDA is near the top of the heap.
00Buck spray! AI is a bad idea. Unfortunately it is a reality. I wonder how many will fully surrender.
All right! Sign me uuuuuup…gulp.
Jk
Bull case for Nvidia remains strong, says Cantor Fitzgerald’s CJ Muse
CJ Muse, senior managing director of Cantor Fitzgerald, joins CNBC’s ‘The Exchange’ to discuss why he’s bullish on Nvidia, how Fed rate scenarios could impact the stock market, and more.
LOL!
AI is in the first inning. This will only get bigger.
But let’s wait and see.
AI bubble is bursting IMO. After earnings it’s over.
Nvidia share price still within the parameters of the BREAKOUT pattern mode as of this time.
I will try to post should chart pattern changes to anything different, if time permits. GLTA
$NVDA Flow is still majority call selling today with a slight uptick in overall puts too
By: Cheddar Flow | May 8, 2024
• $NVDA Flow is still majority call selling today with a slight uptick in overall puts too
This is different than all the large call buy orders from previous weeks
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$NVDA Call buyers are slowly starting to come back after all of the call selling yesterday
By: Cheddar Flow | May 8, 2024
• $NVDA Call buyers are slowly starting to come back after all of the call selling yesterday
This is not a lot of premium compared to previous weeks though
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To an “investor” it would appear so. To a technician, and momentum trader that understands his tools, pure 2X$$ (NVD*)
GL
That’s weird; the chart shows the price dropping straight down for weeks.
Valuations are ridiculously overlooked. How many times (multiples), is the share price to actual ‘valuation’?
“Investors” take the price but dont count the cost like you do every other thing you buy in the world, (I hope).
Folks are too conditioned to accept dilution as a reality with these publicly held behemoths.
NVD* 2X inverse (excellent performance)
Gl all!
Undervaluing Nvidia Stock Was a Mistake, Says Top Investor
Marty Shtrubel
May 07, 2024, 01:59 PM
There’s nothing wrong with admitting you were wrong. In fact, admission of a previous erroneous take can come in quite handy in the stock market. Rather than double down on a thesis that has proven to be incorrect and risk missing out on an opportunity, it’s best to make a U-turn and get in while you still can.
That, essentially, is the take offered by JR Research, a 5-star investor rated in the top 1% of the market stock pros, when looking at Nvidia (NASDAQ:NVDA).
Over the past year, Nvidia shares have experienced significant gains, driven by a series of earnings reports that have showed enormous growth and profits. Initially, JR Research viewed the market’s high expectations skeptically. Yet, having witnessed its dominance and how it has cemented its status as the “King of AI chips,” JR concedes he has underestimated the chip giant’s positioning.
“I must admit that I’ve gotten my bearish ratings on Nvidia consistently wrong over the past year, as I anticipated that Wall Street analysts were too optimistic,” the 5-star investor said. “As a result, I have reassessed my thesis to try and understand the bullish optimism underpinning NVDA stock, as I believe the market is always right (but analysis can be faulty).”
The proof really is in the pudding, borne out by the fact Nvidia has cornered the AI chip market, boasting a 90% share. Additionally, its full-stack approach consisting of chips, networking, and software should help keep at bay the challenge to its dominance posed by rivals such as AMD and Intel.
While it’s true NVDA is not cheap and never really has been, it still has a “markedly lower valuation than AMD,” which can partially explain why AMD shares have retreated significantly recently while NVDA shares haven’t suffered the same fate. Additionally, the fact AMD offered a cautious outlook on its recent earnings call suggests Nvidia “should retain the upper hand for some time.”
Add in the prospect of sustaining its growth trajectory via different levers – the new Blackwell architecture, growing sovereign AI demand from the Middle East, the launch of Nvidia AI Microservices – and JR concedes his “bearish thesis on NVDA can no longer be sustained.”
Accordingly, JR upgraded his NVDA rating from Sell to Buy. (To watch JR Research’s track record, click here)
That new assessment sits well with Wall Street’s overall take. NVDA stock boasts a Strong Buy consensus rating, based on 39 Buys vs. 2 Holds. The average target stands at $1,005.59, implying shares have room for ~11% growth in the year ahead.
Nvidia $NVDA had the most bearish with a large $73.6M of premium
By: Cheddar Flow | May 7, 2024
• $AAPL had the most bullish flow today, sorted for premium
$NVDA had the most bearish with a large $73.6M of premium
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NVDA is due for some cooling off.
NVD* 2X inverted has been strong!
That would be a huge mistake
Fund Managers should be dumping everything they can on this support level right here imo, we’ll see
$NVDA Millions Worth of Call Selling This Morning
By: Cheddar Flow | May 7, 2024
• $NVDA Millions Worth of Call Selling This Morning
This is a change from the typical call buy orders
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Chart Suggests NVDA will be heading lower for the next 2-3 weeks with $850 as the objective.
That did not age well
Take it easy on the rookies :)
Ouch? This is up almost $100/share in 4 trading days. It is heavily traded and volatile. It goes down 30 minutes into the trading day and you give it an "ouch"?
Let's see what happens by the end of the day. Yup, it may stay down. Or it may go up $30-$40 a share! That is NVDA.
Overall, this has been much more lucrative as a buy rather than a sell.
Buy Alert: The Run In Nvidia Stock Has Only Just Begun
May 7, 202406:00 EDT
NVDA
+3.77%
C
+2.10%
The amazing thing about Nvidia
NVDA
stock isn’t that it has risen 2,000% in the last five years, it’s that the share price has further to go from here. So far this year, Nvidia stock has gained 84%, making it the second best performing stockin the benchmark S&P 500 index.
In the last 12 months, the share price has more than tripled, giving the company a $2.22 trillion market capitalization and leading it to be profiled on the TV show 60 Minutes. Yet for all its success, analysts still see further upside ahead for the chipmaker that controls about 75% of the global market for artificial intelligence microchips.
Bullish Outlook for NVDA Stock
Despite the incredible run in it share price and the fact that the stock is trading at 72 times future earnings estimates. The 41 professional analysts that rate NVDA stock give it a “strong buy” recommendation and an average price target that is 15% above current levels.
Many analysts are pounding the table for NVDA stock now as it has paused its rally over the last month (up just 0.88%) since the start of April. Analysts are urging investors to buy before the rally in Nvidia stock returns with full force.
Analysts at Citigroup
C
, for example, recently added Nvidia to a “90-day catalyst watch.” This came based on expectations that earnings reports from other chipmakers and memory suppliers will lift the stock, along with the 60 Minutes piece, and an update from CEO Jensen Huang at the Computex Taiwan conference in June.
The Citigroup analysts note that Nvidia’s stock suffered its biggest pullback in over a year during April, though the share price is now starting to quickly recover.
Market Dominance
What has analysts engaged isn’t just Nvidia’s world beating dominance of the AI chip sector, but that fact that the company is rolling out new AI chips at a blistering pace that is likely to keep it ahead of its competitors for years to come.
In March, Nvidia unveiled its next generation AI microchips at a heavily attended developer conference. CEO Huang introduced the new AI graphics processors during a town hall speech, calling them the “Blackwell” series.
The first Blackwell chip, called the “GB200,” is scheduled to ship later this year and will eventually replace Nvidia’s current generation of H100 chips that power AI applications and models and are in demand the world over.
The company’s Blackwell chips, such as the GB200, offer a huge performance upgrade for AI companies, says Nvidia’s management team. The additional processing power will enable companies to train bigger and more sophisticated AI models going forward. One of the new chips is expected to cost$30,000 to $40,000. Preorders have been huge.
Buy Nvidia Stock
Investors needn’t worry that they’ve missed the rally in Nvidia’s stock. The company’s share price can be expected to continue rising as sales of its AI chips gather steam and more powerful versions of the company’s chips come to market.
Despite the explosive rally in recent years, analysts see more gains ahead and remain bullish on Nvidia’s business and its future outlook. Investors should remain bullish too. Nvidia stock is a buy.
Goldman Sachs Adjusts Price Target on NVIDIA to $1,100 From $1,000, Keeps Buy Rating
05:40:16 AM ET, 05/07/2024 - MT Newswires
05:40 AM EDT, 05/07/2024 (MT Newswires) -- NVIDIA (NVDA) has an average rating of buy and price targets ranging from $620 to $1,400, according to analysts polled by Capital IQ.
Nvidia share price ASCENDING TRIPLE TOP BREAKOUT today on 6-May 2024. GLTA
Supply and demand. Companies want the NVDA products. That drives EPS up exponentially, so hedge funds, institutions and retail are all investing here.
It's a very simple equation for a complex product.
Reuters Videos
Nvidia can grow earnings significantly -CIO
Reuters Videos
Updated Mon, May 6, 2024 at 4:32 PM EDT
STORY: "So the stock has had a huge run, mainly because of earnings being up a lot. So if you look at revenue a year ago was about 25 billion for the data center segment and now that's 100 billion. So the run up has really just been commensurate with the increase in earnings... So we believe based on our research and the companies we speak to across the value chain that there is still a lot of opportunity for these earnings to go higher," said Delevska.
Reasons why Nvidia could see more upside in the months ahead with top strategist
Adam Johnson, founder and author at Bullseye Brief, joins BNN Bloomberg to discuss his view on markets. Johnson says sectors such as Utilities could see upside in case of a Trump victory given a Trump administration would be less inflationary. He also discusses why he expects more upside for Nvidia even as the stock has risen 90 per cent year to date.
This soars past $1000 by end of week after next
Nvidia $NVDA Call flow has been super strong all day
By: Cheddar Flow | May 6, 2024
• $NVDA Call flow has been super strong all day
The most recent 930c print had a huge uptick in overall volume today, signaling a lot of sudden interest
Read Full Story »»»
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I'm not immune to inflation as well. It hit my Port by 2.31% just today!
Check out the number of calls for this week's 950 strike.
$NVDA
$NVDA $2+ Million Calls These orders have a near-term expiration and are above the ask to show urgency
By: Cheddar Flow | May 6, 2024
• $NVDA $2M+ Calls
These orders have a near-term expiration and are above the ask to show urgency
Read Full Story »»»
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CM: Good to see you here.
I agree with you that momentum appears to be positive.
Barring any negative news of geopolitical/domestic aggravation affecting the stock markets.
The Dailies have been in Uptrend for the last 6 sessions. Though, the Weeklies have been in Downtrend for the last 4 weeks.
Last week's trading result stands now with share price at 887.89 level with a positive balance of +10..54 (+1.20%).
Hopefully, the coming sessions ahead continue the Uptrend for the confirmation by the Weekly. That would signal the overall share price rise trend period for me.
You seem to be sure. I usually wait until I see a confirmation.
Cheers & GLTY
Weekly Stochastics Buy Signal Alert! The rally is back on!!! Target 1192, now 886
Nvidia and Microsoft: Mizuho Chooses the Best AI Stocks to Buy in May
Michael Marcus
May 05, 2024, 06:11 PM
Artificial intelligence, especially the newer generative AI technology, made a splash when it hit the scene, and we’re still watching to see just how the waves will break. In the tech world, innovators and companies are working to adapt and incorporate AI into their businesses – but for investors, the question is, how to cash in?
The top analysts at investment firm Mizuho are working to answer that question, and to give a set of concrete recommendations on the best AI stocks to buy in this month of May. And, their answers shouldn’t surprise us; they see market-leading companies reaping solid gains from AI, building on the combination of their existing positions, their existing work in AI, and the potential profits going forward.
Specifically, the analysts are recommending Nvidia (NASDAQ:NVDA) and Microsoft (NASDAQ:MSFT), two of the largest companies on Wall Street, each valued at more than $2 trillion by market cap. These are big names in the tech world, leaders in their niches, and they have proven records for generating profits and returns. Let’s take a closer look at them, through Mizuho’s lens, to find out what investors can expect for the months to come.
We’ll start with Nvidia, the fast-rising leader of the semiconductor chip industry. Nvidia’s stock has gained an amazing 222% over the past year and become one of just four Wall Street firms valued at more than $2 trillion. Nvidia’s sustained gains have come on the back of its dominance in the realm of AI-capable processor chips. The company invented the GPU chip back in 1999, as a high-end processor aimed at the graphics-intensive computer gaming market. The chips proved adaptable and became popular with professional graphic designers. More recently, Nvidia’s GPUs found widespread use in the data center industry and in AI applications.
The close link between Nvidia and AI tech is illustrated by the company that brought us the current generative AI wave, OpenAI. The AI company is an important customer for Nvidia, and just last month, the two companies publicized Nvidia’s release of the new DGX H200 chip to OpenAI. The H200 is Nvidia’s successor product to the successful H100 AI supercomputer chip and represents a substantial increase in high-performance computing capacity.
Nvidia’s business is much wider than just OpenAI, however. The company has collaborations with both Google and Amazon, providing AI-capable hardware to support Google’s open language models and Amazon’s popular AWS subscription cloud. The company released multiple AI-capable products in its last fiscal quarter and provides support for the US government’s National Artificial Intelligence Research Resource program. Nvidia is pursuing its AI business through multiple lines, ensuring that the company does not depend on just one customer.
On the financial side, Nvidia realized $22.1 billion in revenue during its last reported quarter, fiscal 4Q24. That figure was a company record, beating the forecast by $1.55 billion, and representing year-over-year growth of 265%. Of the total, $18.4 billion came from the AI-related data center segment, a figure that made up 83% of the total. The data center business was up 409% from the prior year.
These strong revenues led to strong earnings, with a quarterly non-GAAP EPS result of $5.16. The EPS was up 486% year-over-year and was 52 cents per share better than had been anticipated.
For Mizuho’s 5-star analyst Vijay Rakesh, Nvidia presents a series of strong opportunities, and has high potential to outperform its competition.
“NVDA remains the primary AI/data center accelerator player with strong 90%+ market share, well ahead of main competitors AMD, which is ramping MI300, and Intel, which is shipping Gaudi2/ramping Gaudi3. AI server penetration remains a rather small portion of the overall server market at we believe just ~1% in 2023, with expectations for AI server penetration to potentially reach 11% by 2027E. We believe NVDA should maintain its strong share position as the market leader following the launch of B100 later this year, driving 2.5-6x performance improvements with ASPs up just 25-30% over H100, as NVDA sees Gen AI as a $100T market with greenfield projects from customers driving $250B of investments per year, as well as $250B of brownfield investments,” Rakesh opined.
Rakesh goes on to give NVDA shares a Buy rating, with a $1,000 price target that implies a one-year upside potential of ~13%.
Overall, it’s clear that Mizuho’s upbeat rating is no outlier – Nvidia stock has picked up 41 recent analyst reviews, including 39 Buys and 2 Holds, for a Strong Buy consensus rating. The stock is selling for $887.89, and its $1,005.59 average target price suggests it will gain 13% in the year ahead.
Warren Buffett on valuations today…
“I don’t think anyone at this table has any idea of how to use it [$189B in cash] effectively, and therefore we don’t use it. We only swing at pitches we like… today things aren’t attractive. We’re not using it at 5.4%, but I wouldn’t use it at 1% either. But don’t tell the Federal Reserve that.
I don’t mind at all, given current conditions, building our cash position. When I look at the equity markets and the composition of what’s going on in the world, we find cash quite attractive.”
Just realized. Personally i believer we'll cross $1500 this year, probably a split around $1000
Yesterday's news? Nice article, but it seems like it is from 8 months ago?
Hopefully, the next leg up is 37.6% as well.
Wall Street Analysts Predict a 37.56% Upside in Nvidia (NVDA): Here's What You Should Know
Zacks Equity Research
September 14, 2023
4 min read
Nvidia (NVDA) closed the last trading session at $454.85, gaining 4.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $625.68 indicates a 37.6% upside potential.
The mean estimate comprises 34 short-term price targets with a standard deviation of $112.71. While the lowest estimate of $460 indicates a 1.1% increase from the current price level, the most optimistic analyst expects the stock to surge 141.8% to reach $1,100. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
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However, an impressive consensus price target is not the only factor that indicates a potential upside in NVDA. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Here's What You Should Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
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They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why NVDA Could Witness a Solid Upside
There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
This is a lot of GPU’s
“Meta Spends $30 Billion on a Million NVIDIA GPUs to Train its AI Models
Larger than the Apollo Moon Mission, which cost about $26 billion between 1968 and 1973.
Published on May 3, 2024
by Donna Eva
In a “staggering” revelation, Meta AI chief Yann LeCun confirmed that Meta has obtained $30 billion worth of NVIDIA GPUs to train their AI models. Enough to run a small nation or even put a man on the moon in 1969.
Speaking at the Forging the Future of Business with AI Summit organised by Imagination in Action, LeCun said that more variations of Llama-3 would be out over the next few months, with training and fine-tuning currently taking place.
“Despite all the computers we have on our hands, it still takes a lot of time to fine-tune, but a bunch of variations on those models are going to come out over the next few months,” he said.
Speaking of fine-tuning and training, host John Werner stated that Meta had bought an additional 500,000 GPUs from NVIDIA, taking the total number of NVIDIA GPUs up to a million, with a retail value of $30 billion.
Combining the total costs of the GPUs so far, Werner pointed out that the training of the model exceeded the costs of the entire Apollo space programme, which back in the 1960s, amounted to about $25.4 billion.
Agreeing, LeCun said, “Yeah, it’s staggering, isn’t it? A lot of it, not just training, but deployment, is limited by computational abilities. One of the issues that we’re facing is the supply of GPUs and the cost of them at the moment.
Obviously, adjusted for inflation, the Apollo programme still outsells the Meta in terms of how much was actually spent, with roughly $257 billion spent. But it’s no secret that the cost of GPUs is a continuously growing expense for AI companies.
Recently, OpenAI’s Sam Altman said that he doesn’t care if the company spends upwards of $50 billion a year in developing AGI. The company, as of March, employs as many as 720,000 NVIDIA H100 GPUs for Sora alone. This amounts to about $21.6 billion.
Similarly, all big tech companies are hoping to expand how many GPUs they can obtain by the end of the year, or even by 2025.
Microsoft is aiming for 1.8 million GPUs by the end of the year. Meanwhile, OpenAI hopes to use 10 million GPUs for their latest AI model.
In the meantime, NVIDIA has also been churning out GPUs, with their latest DGX H200 GPU being hand-delivered by CEO Jensen Huang to Altman.
Coming back to LeCun, he pointed out that the need of the hour was the ability to upscale learning algorithms so they could be parallelised across several GPUs. “Progress on this has been kind of slow in the community, so I think we’re kind of waiting for breakthroughs there,” he said.
With that occurring, costs could potentially lower for AI companies, though with increasingly fast upscaling overall, demand could remain the same.”
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http://www.nvidia.com
http://finance.yahoo.com/q/ks?s=NVDA
NVIDIA Corporation provides visual computing technologies designed to generate interactive graphics on consumer and professional computing devices
in the United States and internationally. It operates in four segments: Graphic Processing Unit (GPU), Media and Communications Processor (MCP),
Professional Solutions Business (PSB), and Consumer Products Business (CPB).
The GPU segment comprises products that support desktop and notebook personal computers, and plus memory products.
The MCP segment consists of NVIDIA nForce core logic and motherboard GPU products.
The PSB segment offers professional workstation products and other professional graphics products, including high-performance computing products.
The CPB segment provides mobile brands and products that support handheld personal media players, personal digital assistants, cellular phones,
and other handheld devices. This segment also licenses video game consoles and other digital consumer electronics devices.
The company markets its products to original equipment manufacturers, original design manufacturers, add-in-card manufacturers, system builders,
and consumer electronics companies. NVIDIA was founded in 1993 and is headquartered in Santa Clara, California.
<img data-cke-saved-src="http://stockcharts.com/c-sc/sc?s=nvda&p=D&yr=0&mn=4&dy=0&i=p31506003373&a=81927329&r=373"; src="http://stockcharts.com/c-sc/sc?s=nvda&p=D&yr=0&mn=4&dy=0&i=p31506003373&a=81927329&r=373"; >"="" alt="">
PER IHUB MGMT 02-07-2021 DISCLAIMER; JUST TO MAKE SOME THINGS CLEAR I AM NOT AH FINANCIAL ADVISIOR & NOT AH BROKER. I AM JUST AH REGULAR GENT DAT LIKES TO CHAT CHATTER ON MANY COMPANIES. SOME I OWN AH LOT I DON'T. SO NOT RESPONSIBLE ANYTHING I DISCRIBE. DA MICK. |
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