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At roughly 76, yes, the valuation of NVDA is high, but it is decreasing every reporting quarter. It's decreased almost 23% in the last 12 months. Depending on how high the stock price climbs (if it does), the PE will likely continue to decrease, as much higher earnings are announced for the next several quarters.
Yes, we are all aware of the dire straights the economy and the banking system is in. Yes, it could all blow up in our faces at any time. Yes, it WILL eventually happen at some point. Yes, one should not throw cautions to the wind. But I will continue to ride the horse until it bucks me off.
Good luck to you also.
Your concerns are valid.
The recent developments with inflation, the Fed, dollar, etc., are purposeful.
Those in charge at the moment are part of the "build back better" philosophy. However, in order to build back better, whatever is in place must be torn down first. That is the process we are witnessing.
Shaking my head… valuation is so far out of line in my most absolutely humble opinion.
Folks seem to put too much stock in analysts opinions and evaluations.
How many times earnings should a price really be?
The market is not safe for more reasons than I have ever seen in my long life and inflating prices dont always warrant further upside.
Eventually the cards, (all of them), will be played.
I went through the .Com/www./Enron etc stuff as a trader, and this FED”/Bank/Dollar issue coupled with war makes me very reserved.
Gl and blessings all
Jefferies today assumed Nvidia $NVDA with a Buy rating and a $1,200 price target
By: Evan | May 13, 2024
Jefferies today assumed Nvidia $NVDA with a Buy rating and a $1,200 price target
— Evan (@StockMKTNewz) May 13, 2024
Jefferies today raised its price target on $AMD to $200 up from $190 while maintaining its Buy rating
Analysts overhaul Nvidia stock price targets ahead of earnings
The chipmaker's new GB200 platform could transform its medium-term revenue growth, according to Wall Street analysts.
Nvidia shares edged higher in early Monday trading after a pair of analysts issued big price target changes on the AI tech giant ahead of its highly anticipated first-quarter-earnings report on May 22.
Nvidia (NVDA) have surged more than 86% this year, adding more than $1 trillion in market value, as investors continue to reset earnings and revenue forecasts tied to its dominant position in the market for artificial intelligence-powering processors.
The latest iteration of those processors, a new GPU architecture known as Blackwell, was released earlier this spring, with a promise to perform AI tasks at more than twice the speed of Nvidia's current Hopper chips while using less energy and providing more bespoke flexibility.
“Blackwell’s not a chip; it’s the name of a platform,” CEO Jensen Huang told investors during the launch event. "Hopper is fantastic, but we need bigger GPUs."
HSBC analyst Frank Lee, in fact, cited the group's ability to leverage pricing power through the new GB200 platform as he lifted his price target on Nvidia by $300 to $1,350 a share.
GB200 platform pricing
Lee sees the overall GB200 pricing in the region of $60,000 to $70,000 per server, twice the $30,000 to $35,000 cost of a stand-alone B100 processor.
Lee sees the server-rack pricing potentially helping revenue for Nvidia's next fiscal year, which ends in January 2026, rise to $196 billion, a 38% premium to current Wall Street estimates.
“We believe Nvidia will continue to demonstrate its strong pricing power via its NVL36/NVL72 server-rack system and GB200 platform, which will once again surprise the market on the upside in FY26," Lee said in a note published on May 12.
Related: Nvidia shares get boost from key supplier ahead of earnings
Jefferies analyst Blayne Curtis, meanwhile, added $420 to his Nvidia price target, taking it to $1,200 per share, saying that he expects a a strong ramp for the GB200 NVL 36/72," which includes both Nvidia and Arm Holdings-based CPUs.
Nvidia earnings on deck
“We believe it’s too early to sift out winners and losers in the AI basket yet, but Nvidia is our favorite,” said Curtis, who carries a 'buy' rating on Nvidia stock.
“Nvidia maintains control over the entire ecosystem and is taking more pieces of the pie," he added.
Nvidia is scheduled to post fiscal 2025 first-quarter earnings after the close of trading on May 22, with analysts on average estimating profit rose more than fivefold from a year earlier to $5.55 a share.
Related: Analyst adjusts Nvidia stock price target ahead of earnings
The Santa Clara, Calif., group is also expected report revenue more than tripled, to $24.5 billion, with quarterly sales expected to top the $30 billion mark by the end of its current financial year in January 2025.
More AI Stocks:
Analyst unveils eye-popping Palantir stock price target after Oracle deal
Veteran analyst delivers blunt warning about Nvidia's stock
Analysts revamp Microsoft stock price target amid OpenAI reports
Nvidia shares were marked 0.95% higher in premarket trading to indicate an opening bell price of $907.42 each. The stock hit an all-time high of $974 on March 25.
Understand the concern but would be years away
Rolvram thanks for all the articles you’ve been a busy bee. It is hard not to love this company for such a big company it is so nimble they are everywhere in AI. I think the only thing that worries me and I don’t want to say it to loud is antitrust situation in the future. Unfortunately when companies can’t compete on a fair playground they start whining antitrust to the FTC. Their CUDA software is what worries me (but hopefully not).
Nvidia Stock Analysis: Why Betting Against Overachieving NVDA Is a Fool’s Errand
May 13, 202406:00 EDT
NVDA
+1.27%
Amazingly, there are still bearish holdouts who, despite all of the available evidence, continue to bet against Nvidia
NVDA
. The opportunity to generate revenue from artificial intelligence compatible processors isn’t just a fad. Nvidia stock gets an “A” grade for advancing AI hardware technology in 2024.
Nvidia has an earnings report and conference call coming up on May 22. This will be an exciting event, but you don’t have to wait until May 22 to start a share position in Nvidia. After all, you can pick any day in May to invest in an overachiever like Nvidia.
This Is a Positive Sign for Nvidia
How strong is the demand for AI-enabled hardware? Here’s a news item that should help to answer this question. According to Reuters, South Korea-based SK Hynix disclosed that its “high-bandwidth memory chips used in AI chipsets were sold out for this year and almost sold out for 2025.”
This is relevant because SK Hynix is a supplier to Nvidia. Furthermore, these HBM chips are selling like hot cakes “as businesses aggressively expand artificial intelligence services.”
Reuters also mentioned that Nvidia commands around 80% of the AI-chip market. That’s astonishing, if you really think about it. And clearly, it’s a great market for Nvidia to be involved with.
When a major supplier like SK Hynix has products that are flying off the shelves (figuratively speaking), it’s hard not to be long-term bullish about Nvidia stock.
Preparing for a ‘New Era’ With Nvidia
Nvidia’s AI conference for developers, known as GTC, took place recently and Nvidia didn’t disappoint eager tech-product aficionados. At the GTC event, Nvidia unveiled its cutting-edge Blackwell graphics processing unit architecture.
The company expects Blackwell to “power a new era of computing.” Nvidia CEO Jensen Huang declared that Blackwell is the “engine to power” the “new industrial revolution” of generative AI.
This isn’t empty boasting. Per TheStreet, Nvidia stated that Blackwell will “enable organizations to build and run real-time generative AI on trillion-parameter large language models.”
Plus, the company claims that Blackwell will achieve this “at up to 25 times less cost and energy consumption than its predecessor.”
With the new Blackwell architecture coming down the pipeline, Nvidia’s already ultrapowerful H100 chips could soon be yesterday’s news. It’s another example of Nvidia topping itself, since evidently no competitor can top Nvidia.
Be an Overachiever Investor With Nvidia Stock
If you can be any type of investor, why not be an overachiever investor? It’s entirely possible if you stick to overachieving companies like Nvidia. As we’ve seen, the demand for AI-compatible processors is intense — and Nvidia is stepping up to the plate with top-tier products.
Blackwell will be Nvidia’s latest game changer in the AI-hardware category. After that, we’ll all just have to wait and see what amazing products Nvidia unveils next.
So, there’s no wait for Nvidia’s upcoming earnings event to get involved. Investors should conduct their due diligence and take action when they’re ready to do so, and Nvidia stock absolutely deserves a confident “A” grade .
On the date of publication, Louis Navellier had a long position in NVDA. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article.
The InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.
04:09 AM EDT, 05/13/2024 (MT Newswires) -- Nvidia (NVDA) said Monday it will use its open-source CUDA-Q platform to power quantum processing units at national supercomputing centers in Germany, Japan and Poland.
Germany's Julich Supercomputing Center is installing a quantum processing unit that uses Nvidia's GH200 Grace Hopper chip for chemical simulations and other uses.
Japan's National Institute of Advanced Industrial Science and Technology's ABCI-Q supercomputer is also using Nvidia Hopper architecture to research applications in AI, energy and biology, the company said.
Poland's Poznan Supercomputing and Networking Center recently installed two photonic quantum processing units connected to a new partition powered by Nvidia's Hopper for use in applications that include biology, chemistry and machine learning.
Nvidia also said Monday that nine new supercomputers worldwide are using its Grace Hopper chips for processing power, including new supercomputers coming online in Illinois, Texas, France, Poland, Switzerland, Germany and Japan.
NVIDIA Grace Hopper Ignites New Era of AI Supercomputing
NVDA | 4 hours ago
From Climate and Weather to Scientific Exploration, Switzerland’s Alps Supercomputer, France’s EXA1-HE Supercomputer and Others to Deliver 200 Exaflops of AI for Groundbreaking Research Using Energy-Efficient Grace-Based Systems
HAMBURG, Germany, May 12, 2024 (GLOBE NEWSWIRE) -- ISC—Driving a fundamental shift in the high-performance computing industry toward AI-powered systems, NVIDIA today announced nine new supercomputers worldwide are using NVIDIA Grace Hopper™ Superchips to speed scientific research and discovery. Combined, the systems deliver 200 exaflops, or 200 quintillion calculations per second, of energy-efficient AI processing power.
New Grace Hopper-based supercomputers coming online include EXA1-HE, in France, from CEA and Eviden; Helios at Academic Computer Centre Cyfronet, in Poland, from Hewlett Packard Enterprise (HPE); Alps at the Swiss National Supercomputing Centre, from HPE; JUPITER at the Jülich Supercomputing Centre, in Germany; DeltaAI at the National Center for Supercomputing Applications at the University of Illinois Urbana-Champaign; and Miyabi at Japan’s Joint Center for Advanced High Performance Computing — established between the Center for Computational Sciences at the University of Tsukuba and the Information Technology Center at the University of Tokyo.
CEA, the French Alternative Energies and Atomic Energy Commission, and Eviden, an Atos Group company, in April announced the delivery of the EXA1-HE supercomputer, based on Eviden’s BullSequana XH3000 technology. The BullSequana XH3000 architecture offers a new, patented warm-water cooling system, while the EXA1-HE is equipped with 477 compute nodes based on Grace Hopper.
“AI is accelerating research into climate change, speeding drug discovery and leading to breakthroughs in dozens of other fields,” said Ian Buck, vice president of hyperscale and HPC at NVIDIA. “NVIDIA Grace Hopper-powered systems are becoming an essential part of HPC for their ability to transform industries while driving better energy efficiency.”
In addition, Isambard-AI and Isambard 3 from the University of Bristol in the U.K. and systems at the Los Alamos National Laboratory and the Texas Advanced Computing Center in the U.S. join a growing wave of NVIDIA Arm-based supercomputers using Grace CPU Superchips and the Grace Hopper platform.
Sovereign AI
The drive to construct new, more efficient, AI-based supercomputers is accelerating as countries around the world recognize the strategic and cultural importance of sovereign AI — investing in domestically owned and hosted data, infrastructure and workforces to foster innovation.
Bringing together the Arm-based NVIDIA Grace CPU and NVIDIA Hopper™ GPU architectures using NVIDIA NVLink®-C2C interconnect technology, GH200 serves as the engine behind scientific supercomputing centers across the globe. Many centers are planning to go from system installation to real science in months instead of years.
Isambard-AI phase one consists of an HPE Cray EX2500 supercomputer with 168 NVIDIA GH200 Superchips, making it one of the most efficient supercomputers ever built. When the remaining 5,280 NVIDIA Grace Hopper Superchips arrive at the University of Bristol’s National Composites Centre this summer, it will increase performance by about 32x.
“Isambard-AI positions the U.K. as a global leader in AI, and will help foster open science innovation both domestically and internationally,” said Simon McIntosh-Smith, professor of high-performance computing at the University of Bristol. “Working with NVIDIA, we delivered phase one of the project in record time, and when completed this summer will see a massive jump in performance to advance data analytics, drug discovery, climate research and many more areas.”
Accelerating Scientific Discovery
NVIDIA’s accelerated computing platform comprises NVIDIA Hopper architecture-based GPUs, NVIDIA Grace CPU Superchips, NVIDIA Grace Hopper Superchips, NVIDIA Quantum-2 InfiniBand networking and a full suite of NVIDIA AI and HPC software.
Nvidia rivals gold as shield against inflation, survey shows
THE biggest US tech stocks are not only a bet on innovation but also a possible hedge against inflation, according to some respondents in the latest Bloomberg Markets Live (MLIV) Pulse survey.
Gold, the haven of choice for decades, is still seen as the best safeguard against the risk of rising prices, according to 46 per cent of survey participants. But nearly a third said the tech behemoths are their first pick for the role.
Why this stock picker only recently bought NVIDIA (and why he's never owned Tesla)
In this episode of The Pitch, concentration is the game and working out the winners among the leaders is the challenge.
Hans Lee
Livewire Markets
There are market darlings, and then there is NVIDIA (NASDAQ: NVDA). The company, which designs chips for powering graphics and high-performance computing, is widely considered to be the company that will have the first and largest advantage in harnessing the artificial intelligence (AI) mega-trend. Its stock price is up over 70% year-to-date and in the past 12 months, it's up well over 190%.
If you've tried to bet against this stock either through deliberate shorting or just not owning it, it's been a very painful ride.
It's certainly been like that for Chris Smith and his team at Intermede Investment Partners. Intermede's portfolio, which has owned most of the Magnificent Seven for a long time, prides itself on finding high-quality global companies that can deliver consistent, double-digit earnings growth. But they never owned NVIDIA until two months ago.
So naturally, the question begs - Why?
"The more we thought about it, the more we felt comfortable with the fact that this is just more than a hardware company making a fast chip. There is a whole ecosystem around that and barriers to entry are quite high," Smith said before adding:
"We had been behind the curve on estimating the potential for this business and we decided to go with our upside case rather than our base case."
In this edition of The Pitch, Smith shares his thoughts on the Magnificent Seven and stock market concentration more generally. He also gives his views on some of the fund's portfolio holdings and recent earnings. Finally, he shares his thoughts on the two Mag7 companies they don't own - Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA).
EDITED TRANSCRIPT
Does all this concentration (and the hype around these stocks) worry you?
It is a different era, I would say. The Magnificent Seven are making up a larger and larger portion of the market. When we started 10 years ago, there wasn't a security in the market that was more than 2% of the benchmark. Now, we have several that are close to 5%. It has changed the way we manage the portfolio to some extent.
I think when you look at that Magnificent Seven group, most of them are delivering. It is justified by the moves that they've had in stock price. You have earnings growth growing mid-teens or better for most of them. Some are growing well into the 20's. You have revenue growth well into double digits for most of them.
You have multiples on some of these stocks that are below market average, less than 20 times on Meta (NASDAQ: META), and less than 20 times on Alphabet (NASDAQ: GOOGL). There's still pretty good value across the space. We do invest in quite a number of them.
Does this new paradigm you speak of change the way you perceive them as investment opportunities?
It does make it very critical that you have a view of all of these companies. Certainly missing out on one of them that's doing quite well can be very painful as a manager. There are a couple of examples that we might talk about. Nvidia (NASDAQ: NVDA) is one of them, that we didn't have last year. You do have to be very aware of these key names, and you have to have a view.
What has been the most interesting takeaway from earnings season so far?
I think the tech earnings have been interesting. You've seen revenue growth going quite well. You've seen it increasing contribution from AI. There's a lot of concern about all this capital going in. What kind of contribution are we getting? I think Microsoft (NASDAQ: MSFT) demonstrated that a lot of their Azure growth is coming from AI. They're seeing a good boost from that.
Amazon (NASDAQ: AMZN) as well as seeing some good uptick from AI. You saw an increase in AWS growth, the cloud part of the business, that they just reported very recently. That's partly driven by AI. I think it's pretty amazing. But you've seen CAPEX budgets that are already expected to be growing very significantly this year were pushed even higher for some of the big companies like Microsoft and Alphabet. More than 50% growth year over year, coming off already quite high levels. A lot of that is going to AI and that's the sort of thing we've been following.
Meta (NASDAQ: META) was the one that was viewed as a disappointment. They have been having this year of efficiency that's given them a lot of benefits. You saw a lot of margin expansion. Now, they're investing again, this time in AI. Hopefully, that turns out into something. It is a name that we have in the portfolio.
You only just bought NVIDIA in the last couple of months. Why did you buy it now?
It is a bit painful to buy a stock that's up that much, no question about that. But the more we thought about it, the more we felt comfortable with the fact that it's more than just a hardware company making a fast chip at the moment. There's a whole ecosystem around that. Barriers to entry in this space we think are quite high. The growth can be sustained given we've seen CAPEX budgets being increased on top of increases from a couple of months ago. That money is flowing to NVIDIA.
We had been behind the curve, I would say, on estimating the potential for this business. We decided to go with our upside case on the stock rather than our base case. On that basis, we had a 20% plus upside, which is what we look for to enter a name. We are still below benchmark weight, so we are being a little bit conservative on that. But it is one of our favourite names in the sector. We felt we couldn't keep betting against it, and effectively being short the stock.
I don’t know if you guys follow Yahoo Finance Nvidia board this is from JeffG on there. One of the few I like to read and don’t have muted. More on the technical news side not the SP and trading side you guys like but I think he is sharp guy.
2 days old, of course, but 1st time I've seen the commentary:
Frank Lee, CFA, an analyst from HSBC, maintained the Buy rating on Nvidia. The associated price target was raised to $1,350.00.
Frank Lee CFA has given his Buy rating due to a combination of factors influencing Nvidia’s future financial performance. He anticipates that Nvidia will maintain strong pricing power through its NVL36/NVL72 server rack systems and the GB200 platform. These products are expected to drive revenue significantly above market expectations by FY26, with server rack systems alone projected to contribute USD 67 billion. Lee’s analysis suggests that Nvidia’s advanced product lineup, including its AI product roadmap and the upcoming GB200, with a higher average selling price, will surprise the market on the upside and lead to substantial earnings growth.
Furthermore, Frank Lee CFA cites the potential for Nvidia to surpass consensus sales estimates in the short term, despite acknowledging some near-term uncertainties due to product transitions. His revised sales and earnings per share estimates for FY26 stand at USD 196 billion and USD 45.16, respectively—markedly higher than the consensus. By maintaining a price-to-earnings ratio target of 30x, which is slightly conservative compared to the historical average, Lee underscores the re-rating potential of Nvidia as it transitions to its new product mix. This strong conviction in Nvidia’s revenue growth and success
NVIDIA Sparks Rumors to Beat Rivals in Mellanox Buyout Race
Zacks Equity Research
11 March 2019
Per Israeli newspaper Calcalist’s recent report, NVIDIA NVDA is in talks to acquire fabless semiconductor firm Mellanox Technologies MLNX.
Further, Reuters estimates this deal to be valued at around $7 billion in cash, details of which are expected to be confirmed soon.
The chip giant has reportedly outbid Intel INTC, Microsoft MSFT and Xilinx in the auction of Mellanox. Intel reportedly bid $6 billion for Mellanox in January 2019 but current reports claim NVIDIA to have offered 10% more.
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According to Reuters, this biggest-ever acquisition by NVIDIA would help the company boost its business of chip making for datacenters, thereby reducing its heavy dependence on the gaming industry.
Why Mellanox
Mellanox with a current market cap of $5.93 billion provides interconnect products and solutions based on the Ethernet and InfiniBand technologies. Its customers include datacenter owners and also the companies, which build datacenter. Notable clients include Alibaba, JD.com, Dell and Hewlett Packard Enterprise.
In 2018, Mellanox’s revenues of $1.088 billion grew 26% year over year. While Ethernet’s soared 54% to approximately $618 million, InfiniBand’s increased 8% year over year to $438 million.
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Mellanox is benefiting from solid demand for its Gigabit EDR solutions in machine learning, artificial intelligence, high-performance computing, database, storage and more. Further, robust demand for Mellanox’s InfiniBand solutions is a key catalyst.
The company is one of the major suppliers of 25, 40, 50 and 100GB Ethernet adapters, switches and cables to the market today. In fact, per Crehan research estimates, Mellanox had a market share of 69% in the high-speed Ethernet adapter business during third-quarter 2018, leaving Intel, Broadcom and other peers trailing.
What it Means for NVIDIA
Having impressed investors with a stellar performance in the last couple of years, NVIDIA has been witnessing a downward trend since last October, thanks to a slowdown in its gaming segment.
ADVERTISEMENT
Post the crypto mining bubble burst, NVIDIA was overly optimistic that demand for its GPUs will shift from crypto miners to gamers, which will boost its gaming business revenues and offset the revenue loss from miners. However, contrary to its belief, demand from gamers failed to grow rapidly to compensate the soft cryptocurrency-related requirement, taking a severe toll on the company.
The company’s focus on branching out its operations in other markets is therefore prudent in our view. According to NVIDIA, its High-Performance Computing (HPC) and datacenters are expected to witness tremendous growth over the long haul.
The acquisition of Israel-based Mellanox would thus help NVIDIA consolidate its datacenter business. Notably, for the past nine years, the company has been active in Israel by either selling its processors locally or buying stakes in startups or setting up a research and development unit.
NVIDIA opened an R&D center in Israel during 2017 that currently employs 20-30 people. The company announced last October that it plans to launch a new research center in Tel Aviv, which will focus on AI.
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NVIDIA Corporation Revenue (TTM)
NVIDIA Corporation Revenue (TTM) | NVIDIA Corporation Quote
May is one of the best performing months for $NVDA since the company went public in 1999: 69% win rate and average return of +9.67%
By: TrendSpider | May 12, 2024
• Semi surge incoming?
May is one of the best performing months for $NVDA since the company went public in 1999:
69% win rate and average return of +9.67%
Read Full Story »»»
DiscoverGold
Bad news on top of worsening geopolitical situation in ME and Ukraine at this time getting worse.
Furthermore, now we have the threat of a solar geomagnetic storm that may cause disruptions on earth.
All communications and equipment powered by electricity and dependent on electrical power may be challenged and could be under threat for disrupting communications like cell phones and internet. This is something for which humans are not yet adequately prepared and ready.
Let's hope this will not have a too serious impact on our systems and disrupt our important and vital operations.
We shall see. It looks like a challenging times right ahead.
~average down here to .15c I think this pops next week
Wall St Week Ahead-Earnings bolster US stocks but crucial inflation report looms
06:00:00 AM ET, 05/10/2024 - Reuters
By Lewis Krauskopf
NEW YORK, May 10 (Reuters) - A strong earnings season and blockbuster reports from tech industry titans fueled a U.S. stock market rebound from the first real swoon of 2024. Next week’s inflation data could determine whether the good vibes continue.
The benchmark S&P 500 index is up over 9% for the year, up near its late-March record high, following a 5% pullback that occurred last month.
The bounce has overlapped with a stronger-than-expected first-quarter reporting season for U.S. companies. With well over 80% of the S&P 500 having reported results, companies are on track to have increased earnings by 7.8%, well ahead of the April expectation of 5.1% growth, according to LSEG IBES.
Still, some investors worry the rally could stall without evidence that inflation is cooling again. While Fed Chairman Jerome Powell has reassured markets the central bank is unlikely to raise rates anytime soon, months of strong inflation have led to concerns that policymakers will not cut them this year.
Strong earnings have “got investors feeling more comfortable about being in this market," said Art Hogan, chief market strategist at B Riley Wealth. However, “the trajectory of inflation is always going to be important to us while we're in a cycle where we expect the next thing for the Fed to do is to cut rates."
Inflation reports have preceded market pivots in recent years, as the Fed has ramped up interest rates to cool consumer inflation from four-decade highs hit in 2022. Most recently, an April 10 release showing a third-straight month of stronger-than-expected inflation was followed by a roughly two-week decline in stocks as it spurred fears the Fed could raise rates this year.
Economists polled by Reuters expect the May 15 consumer price index report will show an increase of 0.3% in April from the previous month. Investors are also awaiting data on retail sales next week, as well as earnings from Walmart, Home Depot and Cisco.
“If the CPI report comes in hotter, it's going to likely price out any rate cuts for 2024,” said Matthew Miskin, co-chief investment strategist with John Hancock Investment Management. “You may actually have to start talking about policy that's more restrictive if (inflation) is too hot relative to expectations."
BOOST FROM EARNINGS
For now, bullish investors have gained confidence from a solid earnings season. Standouts included generally strong reports from most of the so-called Magnificent Seven tech and growth giants whose shares helped propel the market higher last year and continue to have a huge weighting in the S&P 500.
Among these, Alphabet announced its first dividend as the Google parent topped estimates for sales and profit, while Apple's revenue fell less than feared as the iPhone maker unveiled a $110 billion stock buyback plan, the largest ever such authorization from a U.S. company.
"There's been enough in terms of upside surprise that's helped to support the markets," said Yung-Yu Ma, chief investment officer at BMO Wealth Management. "There was concern that it could even be somewhere between a modest and weak earnings season, which didn't happen."
With Nvidia the last of the group to report, on May 22, Magnificent Seven quarterly earnings are on track to jump 49.4%, according to Tajinder Dhillon, senior research analyst at LSEG.
Analysts are also becoming more upbeat about megacap financial prospects. Estimates for 2024 earnings for the six megacap companies that have reported have risen by 2.1% on average over the past 30 days, versus only a 0.1% rise in 2024 earnings estimates for the S&P 500 overall, according to Jessica Rabe, co-founder of DataTrek Research.
Still, investors have punished companies whose results missed expectations. These shares have underperformed the market by 3.2% this quarter, compared to 1.2% the previous quarter, according to a report from Manish Kabra, chief U.S. equity strategist at Societe Generale.
That reaction is “not a major surprise, as this season overlapped with bond market volatility and a strong performance in the run up to reporting,” Kabra said.
(Reporting by Lewis Krauskopf; Editing by Ira Iosebashvili and David Gregorio)
Good assessment! Share price up despite low volume.
Nvidia share price looks like in process of consolidation around the $900 level before a price move.
The Dailies have been in uptrend for the last 11 sessions.
The Weeklies have been in downtrend for the last 5 weeks.
Looking for a better week to follow, unless geopolitical events interfere.
Cheers & GLTA
NVIDIA (NVDA) PT Raised to $1,350 at HSBC, 'NVL36/NVL72 server rack pricing power major driver in 2025
Hourly bull flag breakout for $NVDA with strong April numbers from $TSM acting as a tailwind for semiconductors this morning.
By: TrendSpider | May 10, 2024
• Hourly bull flag breakout for $NVDA with strong April numbers from $TSM acting as a tailwind for semiconductors this morning.
Read Full Story »»»
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~bought the 4/17 $1170 calls @.18c les see a run up to past $1000 SP next week
$NVDA $Millions of Calls
By: Markets & Mayhem | May 10, 2024
• $NVDA
Read Full Story »»»
DiscoverGold
Despite its high valuation, Nvidia is undervalued, says Clare Pleydell-Bouverie
Not to mention quantum computing just around the corner with Nvidia’s CUDA Quantum software. The computer hardware has not been developed yet but won’t be long and I’m sure Nvidia’s GPU will be involved along with their software. We all know CUDA is what sets them apart from others
An earnings season summary from a patreon member...
https://www.patreon.com/posts/q1-cy-2024-103367673
So we watch...LJ
Board please disregard previous…
House cleaning
Thanks for all the free rent I got from you today. So laughing at you boy.
May Jesus Bless you and your family!
You’re right. It’s not a $1,000 stock….YET. Analyst predictions have it eclipsing $1,000. Have seen other analyst all the way to $1,500/share. There will be 1 to 3% moves back and forth until 5/22. Then, if NVDA was able to get inventory needed to fulfill current orders, it will certainly ascend.. if not, then it will descend a bit.
Either way we’re just out of the birth canal with AI investment. Capex spending is growing with the goal of so many companies to reap the benefits of Artificial Intelligence. Not only does NVDA own the picks and shovels for AI development, they own the claims to the mines.
Are you saying it is more of a $1,100 to 1,200 stock
This is not $1000 stock. Good price to sell here still
For many months here this has been an investment that has gone up exponentially.
However, since April, it has been prone to volatility and it seems that the momentum that was present, has subsided.
So in a case like that, change gears from investment, to trader.
I believe there are some catalysts on the horizon that will push this higher and regain some of the momentum.
Good luck!
That sounds a bit like day trading to me. Whatever works for bottom line profits for anyone in the stock market.
A smart day trader looks and finds opportunities to profit from short-term asset price swings.
In the morning one might predict that a stock may increase in value by the afternoon, so, buy early in the day and hoping to sell in the afternoon at a higher price one could hope to make profits. Alternatively, if one thinks an asset’s price will fall in value, one could short sell early in the trading session before buying later at a lower price to close one's position.
Since these price changes and potential profits can be fairly small, day traders may make many trades.
May be this is why he called "Flip, flip, flip" in an earlier post a bit boasting and as if his special way in response to market "manipulations".
I agree that Money can be made from various ways in the market. He comes across as he is doing well, but at times it makes me feel he comes across a bit angry or disappointed may be at the inequities..
As a day trader he might also use leverage, like borrowing money with margin loans to make larger investments than they could by using only the cash they have on hand. Leverage involves significant risk and can expose one to extreme losses, as well.
Tech’s AI Spending Spree May Be Bigger Than You Think
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Tech’s AI Spending Spree May Be Bigger Than You Think
It’s early days for AI. So, naturally, there are lots of unanswered questions – and one of the big ones is about how much companies will spend on the technology. A team of researchers at Morgan Stanley attempted to answer that, by checking out the capital expenditure (capex) plans of some of the world’s biggest spenders.
Now, the investment bank was already bullish on AI before the latest quarterly results dropped. But it really leaned into its livestock ways after checking out the capex plans of the market’s biggest players – think: Microsoft, Meta, Alphabet, Amazon, and Tesla. When it refreshed its model with the updated data, it concluded that a cloud capex “supercycle” is set to begin this year.
Morgan Stanley’s “cloud capex tracker” now predicts 44% spending growth in 2024 from last year – well outpacing the 26% the model was forecasting just a couple of months ago. And it’s a positively massive acceleration from the tiny 2% growth in spending seen in 2023. That’s a big deal for the supply chain.
Top ten cloud providers (excluding Amazon): capital expenditures annual growth estimates, before and after the companies’ recent quarterly results. Note that Amazon was left out here because much of its spending goes toward building its ginormous logistics centers. Sources: company earnings reports, Refinitiv, Morgan Stanley.
Top ten cloud providers (excluding Amazon): capital expenditures annual growth estimates, before and after the companies’ recent quarterly results. Note that Amazon was left out here because much of its spending goes toward building its ginormous logistics centers. Sources: company earnings reports, Refinitiv, Morgan Stanley.
And it’s not exactly a one-time spending spree: further growth is expected through 2030. Morgan Stanley’s model forecasts that 2030’s global cloud AI capex will reach $300 billion – with $230 billion spent on semiconductors and $70 billion on hardware.
The planned increased spending is good for Nvidia and other companies across the AI supply chain. That’s a huge part of the reason why Nvidia has been moving sharply higher ahead of its May 22 quarterly update, as traders increasingly expect big things. Let’s look at some of the capex plans from the big spenders:
Meta’s planning to spend as much as $40 billion this year, up from its previous $37 billion plan, as the company speeds its investment to support its AI roadmap. And the Facebook and Instagram parent expects this to be the beginning of a multiyear cycle.
Microsoft’s total capex was $14 billion in the first quarter, and the company said it expects it to rise significantly next quarter and next year.
Alphabet’s not exactly tightening its purse strings – Google’s parent said its quarterly capex will match or exceed the first quarter’s $12 billion, suggesting an increase of at least 50%, compared to last year.
Today's volume was lighter than usual, trading 36,126,249 shares, versus an average of 48,923,368 shares per day during the last twelve months.
The On Balance Volume indicator (OBV) is bullish. The slope of the indicator is positive and suggests that buyers are presently more active than sellers.
Baird Raises Price Target for NVIDIA Corporation (NASDAQ: NVDA) on Upbeat AI Demand
In a recent development, Baird, a prominent financial services firm, has reinforced its positive outlook on NVIDIA Corporation (NASDAQ: NVDA), adjusting its price target upward to $1,050 from the previous $750.
While maintaining an Outperform rating on the stock, the firm cited robust demand for NVIDIA’s artificial intelligence (AI) solutions as a primary driver behind the adjustment.
Baird’s analysis and catalysts
Baird’s research findings underscored the continued strong demand for NVIDIA’s AI solutions, particularly emphasizing accelerating enterprise customer momentum. The forthcoming Blackwell architecture was highlighted as a significant catalyst for a substantial performance boost in NVIDIA’s offerings.
Additionally, the firm anticipates a rise in average selling prices (ASPs) and noted Taiwan Semiconductor Manufacturing Company’s (TSMC) efforts to double its CoWoS (Chip on Wafer on Substrate) capacity, which is expected to enhance supply in the latter half of 2024.
Baird’s analysis indicated that NVIDIA’s GH200 performance surpasses the combined x86 processor and H100, increasing engagements with hyper scalers and high-performance computing (HPC) original design manufacturers (ODMs). The enduring dominance of NVIDIA’s CUDA ecosystem was identified as a significant competitive advantage for the company.
In and out! A quick surgical strike and made your money for the day from this morning's drop and volatility.
Nothing wrong with that. Money can be made from various plays here.
Good luck!
Another Morning of $NVDA Call Sellers
By: Cheddar Flow | May 9, 2024
• Another Morning of $NVDA Call Sellers
Read Full Story »»»
DiscoverGold
Im gone already.
Kick butt today Dave!
Blessings
You completely misunderstand what I do or dont do.
Assumptions are only part of the problem with most “investors”, but hysteria is what really gets them.
Hysterical people pay me every day.
I’m very positive.
Positively going to scalp and wreck corporate greediness and deceptions.
Blessings
Today seems ro be your day here with NVD 2x inverse.
Trade the volatility.
Good luck!
NVDA will profit from AI and the stock will continue to go higher in the next few years.
Instead of buying NVDA and riding it up? You see only the fact that it MIGHT fall. So, you buy the NVD.
AI could change things for the better. In fact, there's a good chance it will. But you seem to focus on the fact that it MIGHT go the other way.
You seem to focus on the negatives. Whatever.
Good luck.
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
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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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