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$NVDA Large $15 Million Call Opening order (Vol > OI)
By: Cheddar Flow | April 16, 2024
• $NVDA Large $15M Call
Opening order (Vol > OI)
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Charts do not "predict" anything. They show what the big traders do. With my experience in charting, I can do "some" predicting but mostly about predicting the probabilities. I have seen enough charts in my life that I can give a decent idea of what is "probably" going to happen. Nonetheless, the market is all about the fundamentals and therefore, if there is a piece of news that comes out that changes the picture, the probabilities changes with it.
I can tell you though (in answering your question), that NVDA first became a buy when it made a new all-time high of May of last year when it broke above the previous monthly closing high at 326.76 and no sell signal was given thereafter. The chart gave another buy signal in January of this year when another new all-time monthly high was made, above 493.55. That 2nd buy signal would have been an opportunity to "add" to the previous purchase. As such, the original purchase price would have been around $327 and you would have added around $494. If the stock closes out this month in the lower half of the month's trading range (so far that has been 830.22 and 922.35), the signs of taking profits will be tangible.
Low volume today, but it still seems to want to push higher.
A nice well thought out explanation. Thank you.
No doubt charting is a useful tool, especially for someone with your credentials and experience. Not sure if you were following NVDA last year, but I was curious if the charting had predicted the consistent rise last year?
I am a chart analyst and as such, I trade stocks mostly off of charts. I have been a chart analyst for 47 years and worked for Merrill Lynch and Pru-Bache in the 80's. Though I do look at the fundamentals of the companies I trade, I believe that the charts "tell the story" of what the big people in the market are doing. Computers and Algorithms are 70% of the trades in the market and they work mostly off of charts. They buy support and sell resistance "automatically".
I do fully understand that AI is the "hot issue" in the market these days and as such, it is difficult to see NVDA going down. Then again, neither you nor I have as much information as the big traders have and none of us can fight what the computers and algorithms do. Having said that, I did not "predict" that NVDA will go down or up. I gave you the chart levels that if broken, will generate automatically sales or purchases by the computers and algorithms.
Having said that, the charts do suggest the overall market has a higher probability of correcting here (than going up). Here is a link to my weekly newsletter that explains that in more detail: http://theoasisclub.net/qapoasnews04142024.html
If the market heads lower, it is going to be difficult for NVDA to go higher. In addition, it has been 7 weeks since the stock made its all time high, after going 8 weeks making a new high each week. This means that selling is being seen and that is always something to watch.
Again, the stock could move either way "but" right now the probabilities (based on the charts) are favoring the bears. Not by a big margin but there
You mention a price target or $1000. I believe that target has been revised higher, by several analysts, into the $1100 -$1200 range.
Did the charts predict the significant and consistent rise last year, as most analysts were also behind the curve with this? A fair question under the circumstances.
The stock will bounce around with the rest of the market volatility, somewhat due to geo-political tensions.
Next month when earnings are reported, and new records are shattered, this should be higher.
In my opinion, this moves higher, later in the year, as we get closer to the election.
NVDA is starting to show signs that a top has been found. First of all, the rating companies that follow NVDA had given the stock a $1000 upside objective. The high for the stock has been $974, so for all intents and purposes, that goal has been accomplished. Second of all and in looking at the daily closing chart, NVDA made an all-time high daily close at 950.02, dropped down to the previously established daily close support at 857.74 (with a drop down to 853.30), which was then followed with a rally up to 906.26 (which by the way, was not a big positive because the previously established support was at 926.69, and the bulls could not even get the stock that high). The all-time daily closing high has now been tested successfully with that 906.26 high daily close and confirmed as well with two red daily closes in a row thereafter. Such a retest is always a requirement when no new negative news has come out.
If the stock closes below 853.30 (presently trading at $873), a sell signal will be given. That would be the first sell signal given since October.
There is an open gap below at 823.00. Open gaps are magnets for closure when any kind of a high has been established (as the stock has done), meaning that if no further positive fundamental news to help the bulls comes in, that gap will beckon the computers and algorithms to short the stock. Given that the stock moved straight up for 11 weeks with no support built along the way, a sell signal would not only cause the gap to be closed but would generate profit taking and new selling to occur, given that the closest "intraweek" support is found at 662.48. That is support but not established support as all the closes have been green. Established support is down at 492.06.
This evaluation is all chart oriented and given than AI is such a "hot" industry right now, it is highly doubtful that a drop down to the $500 level will be seen. Nonetheless, computers and algorithm trading is 70% of the trading in the market and that does suggest that enough selling could be seen, to take the stock down to the $660 level.
Right now, and on a daily closing basis, the two levels to watch are at 901.26 and at 853.20. A break of either will generate further movement in that direction. The probabilities favor the bears to the tune of about 63-35.
NVDA. AMD. Climbing the slick wall today. Maybe Intel too.
mb
Demand for NVIDIA’s Blackwell Platform Expected to Boost TSMC’s CoWoS Total Capacity by Over 150% in 2024, Says TrendForce
16 April 2024 Semiconductors Frank Kung
NVIDIA’s next-gen Blackwell platform, which includes B-series GPUs and integrates NVIDIA’s own Grace Arm CPU in models such as the GB200, represents a significant development. TrendForce points out that the GB200 and its predecessor, the GH200, both feature a combined CPU+GPU solution, primarily equipped with the NVIDIA Grace CPU and H200 GPU. However, the GH200 accounted for only approximately 5% of NVIDIA’s high-end GPU shipments. The supply chain has high expectations for the GB200, with projections suggesting that its shipments could exceed millions of units by 2025, potentially making up nearly 40 to 50% of NVIDIA’s high-end GPU market.
Although NVIDIA plans to launch products such as the GB200 and B100 in the second half of this year, upstream wafer packaging will need to adopt more complex and high-precision CoWoS-L technology, making the validation and testing process time-consuming. Additionally, more time will be required to optimize the B-series for AI server systems in aspects such as network communication and cooling performance. It is anticipated that the GB200 and B100 products will not see significant production volumes until 4Q24 or 1Q25.
The inclusion of the GB200, B100, and B200 in NVIDIA’s B-series will boost demand for CoWoS capacity, leading TSMC to raise its total CoWoS capacity needs for 2024. The estimated monthly capacity by the end of the year is expected to reach nearly 40K—a staggering 150% year-over-year increase. By 2025, the planned total capacity could nearly double, with NVIDIA's demand expected to make up more than half of this capacity. Other suppliers, such as Amkor and Intel, currently focus on CoWoS-S technology and are primarily targeting NVIDIA’s H-series. With technological breakthroughs expected to be challenging in the short term, expansion plans remain conservative unless these suppliers can secure additional orders beyond NVIDIA, such as self-developed ASIC chips by CSPs, which might lead to a more aggressive expansion strategy.
NVIDIA and AMD’s AI development set to propel HBM3e into mainstream market dominance by the second half of the year
TrendForce has identified three major HBM trends for NVIDIA and AMD’s primary GPU products and their planned specifications beyond 2024: Firstly, the transition from HBM3 to HBM3e is anticipated. NVIDIA is expected to start scaling up shipments of the H200 equipped with HBM3e in the second half of 2024, replacing the H100 as the mainstream. Following this, other models such as the GB200 and B100 will also adopt HBM3e. Meanwhile, AMD plans to launch the new MI350 by the end of the year and may introduce interim models like the MI32x in the meantime to compete with the H200, with both utilizing HBM3e.
Secondly, there will be a continued expansion in HBM capacity to boost the overall computational efficiency and system bandwidth of AI servers. The market currently predominantly uses the NVIDIA H100 with 80GB of HBM, which is expected to increase to between 192GB and 288GB by the end of 2024. AMD’s new GPUs, starting from the MI300A’s 128GB, will also see increases, reaching up to 288GB.
Thirdly, the lineup of GPUs equipped with HBM3e will evolve from 8Hi configurations to 12Hi configurations. NVIDIA’s B100 and GB200 currently feature 8Hi HBM3e with a capacity of 192GB, and by 2025, the B200 model is planned to be equipped with 12Hi HBM3e, achieving 288GB. AMD’s upcoming MI350, to be launched by the end of this year, and the MI375 series, expected in 2025, are both anticipated to come with 12Hi HBM3e, also reaching 288GB.
TAIPEI, April 16 (Reuters) - Taiwan Semiconductor Manufacturing Co , the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 5% rise in first-quarter profit on Thursday thanks to strong demand.
The world's largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a surge towards AI that has helped it weather the tapering off of pandemic-led electronics demand and pushed TSMC's stock to a record high.
TSMC is set to report a net profit of T$217.2 billion ($6.71 billion) for the quarter ended March 31, according to an LSEG SmartEstimate drawn from 22 analysts. SmartEstimates give greater weighting to forecasts from analysts who are more consistently accurate.
That compares to the first-quarter net profit of T$206.9 billion last year.
TSMC last week reported a 16.5% rise in first-quarter revenue, beating market expectations and at the high end of the company's own guidance.
Eric Yao, a vice president at Taiwan's Eastspring Investments, which manages about T$90 billion of client assets in Taiwanese stocks, said the $6.6 billion in U.S. subsidies for TSMC's new Arizona plants augured well for its prospects of maintaining its lead in advanced process technologies.
"TSMC will likely continue to lead in that front, and Intel and Samsung will not have much chance to catch up," he said, referring to two rivals who want to challenge the company's dominance.
Intel this month disclosed deepening operating losses for its foundry business, a blow to the chipmaker as it tries to regain a technology lead it lost in recent years to TSMC, which also announced last week it would build a third fab in Arizona.
Fubon Securities analysts said they expected TSMC to revise up its outlook for AI demand for future years.
"TSMC previously indicated that AI could account for high-teens of its revenue by 2026, but based on our calculation, we think the target could be reached earlier in 2025."
The AI boom has helped drive up the price of shares in Asia's most valuable company, with TSMC's Taipei-listed stock having surged 36% so far this year to a historic high, compared with a 14% gain for the broader market.
TSMC is due to hold an earnings call at 0600 GMT on Thursday. ($1 = 32.3890 Taiwan dollars) (Reporting by Ben Blanchard and Faith Hung; Editing by Jamie Freed)
Be like what? Volatility, or a sell off?
Actually I worked in engineering R&D which is mostly what is done at the Evendale plant (Cincinnati). The engines you referred to are from the Lynn Massachusetts plant.
Nice. Were you on the production line? GE makes a fine product.
I've worked mostly on Corporate stuff but have also worked on some Boeings. Corporate experience was on a few GE Engines. GE CF-34 on the Challenger mostly. Derated but the same basic core as on the A-10 Warthog. Fine engine.
GE CF-700 on the Saberliner 75A. Aft fan engine. Only aft fan I've ever worked on!
I think NVDA will be fine for quite a while longer. At least until the overall market tanks. Which I think will happen, but not for quite a while yet.
It is going to be like this from now until the election
I’m retired from GE Aircraft Engines now called GE Aerospace
Gauging by your name and profile pic I can do some simple math and say your a jet mechanic. Seeing as you guys have been in the news quite a bit lately with plane tire flying off at takeoff, doors flying off mid flight, engines failing etc its safe to assume those "professional analyst" get things wrong more often than my line of work or yours. Funny how my fib numbers are the same as their projection, so this stuff isn't rocket science. I guarantee you that the jet fuels been getting to you if you really think this is going up the next 18 months lol. Moving averages have this in the 700 range and fib retracements are around that as well, then could get a pop up to my $1200 fib area on the final melt up before the monster crash that this will lead the market with. Like I said before, knowing what's coming and timing it perfectly and two different things. Michael Burry was off by 2 years on the sub prime mortgages but was right and held his conviction. Pretty sure he's short the semi conductor sector right now as well. Just a matter of time before the bottom falls out and people panic sell. Please do better at your job, peoples lives depend on it!
Well said.
And there is a difference between trading volatility, shorting after spikes and investing.
Money can be made by all. However, those who have "invested" here have done well.
Those were accolades to a poster who correctly called it would be up. At the time of my post it was up.
Market conditions changed and now it's down. Tomorrow it might be windy or rainy.
My statement about it being higher at the end of each month has been accurate for the past 18 months.
Even those who place bets on 36 red, while playing roulette, are eventually right.
Your day will eventually come to pass here. By then, I will be long gone, with profits in hand.
The thing is? Most of the financial community, analysts and so called "experts" think a viewpoint like YOURS (about NVDA anyways) is wrong. They directly contradict it.
You've been short and been WRONG in that viewpoint for a long time here. This has done nothing but trend up for pretty much the last 18 months. Notice I said "trend"? This has been volatile and yes, has had down spikes. But the TREND will likely be UP.
Will it go down at some point? Sure. But unless there's a market meltdown (and if there is, it will be for reasons TOTALLY unconnected to NVDA)? It's plain this will continue to trend upwards, probably for the NEXT 18 months!
The thing is, I could care less if your impressed. I've already stated I'm short. I play with Fibonacci and have levels i watch. Funny how you state trajectory is up, yet get your little panties on a wad when an hour later it comes on down. Don't worry, I'll be back to laugh at "the bottom line is every month is higher than before" post of yours
A shuffling of the deck for the card house to shake.
NVD 2x inverse is helpful in times like these.
GL
I didn't call that it would go up. I had my concerns for today. Was up in the morning and down in the afternoon. This is a market movement, not specific to NVDA
Lets see where it's at in May, or after earnings.
You pop your head up after it drops. I would be more impressed if you called it before the movement.
We can continue to play whack a mole here.
Lol, you were saying?
I remain bullish but don't trade short term
Fyi, in the short term Nvidia share price Dailies and Weeklies in synch are in Downtrend.
I have a day order to sell part of my shares. I am bearish short term, bullish for the intermediate term.
Who can guarantee any stock for the long term? Ask long term Tesla share holders...
The analyst I respect is positive on the long term as he sees Earnings expected to growth at a high rate for the next few years.
Cheers & GLTY
PS: Today's volume is on track to be heavier than usual, with 29,731,822 shares having traded so far. The On Balance Volume indicator (OBV) shows that longer term accumulation has given way to near term selling pressure by traders ss of 1:41 PM ET Monday, 04/15/2024
Why Nvidia’s stock looks especially juicy in the near term, according to Citi
Published: April 15, 2024 at 9:10 a.m. ET
By Emily BaryFollow
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Citi thinks investors can capitalize on recent profit-taking as chip-sector earnings are likely to hold good news for Nvidia
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Nvidia Corp. was the S&P 500’s best-performing stock in 2023 — by a wide margin — and trails only Super Micro Computer Inc. thus far in 2024.
Even with 78% gains for Nvidia shares NVDA, 0.21% so far year, Citi Research analyst Atif Malik sees the potential for further upside in the near term. He opened a 90-day positive “catalyst watch” on Nvidia shares Monday morning.
Nvidia shares have fallen about 7% from their peak close, and Malik sees opportunity following that “profit taking.” His recent conversations with those in the supply chain have indicated good demand visibility into the first half of 2025.
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Read: Nvidia just keeps getting stronger, and that could be trouble for this stock
“We expect supply-chain commentary from key foundry/[high-bandwidth memory] suppliers during earnings and Computex Taiwan on June 2nd where Nvidia CEO Jensen Huang will deliver a keynote…could be positive catalysts for the stock,” he wrote.
Heading into earnings, Citi analyst Christopher Danely added that his checks revealed that “investors are most positive on Nvidia and [Broadcom] driven by AI driving upside to estimates.”
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Shares of Nvidia were up almost 1% in premarket trading Monday.
Piper Sandler analyst Harsh Kumar also weighed in positively on Nvidia.
“Demand for the Hopper GPU which has been on the market for nearly two years remains strong as chips remain in allocation mode,” he wrote. “We note that supply for the product has increased [quarter over quarter] but still has yet to catch up with demand and this dynamic is expected to continue through the year.”
Don’t miss: Nvidia’s stock has had a killer run. Why it’s still Morgan Stanley’s top AI-chip pick.
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Meanwhile, Nvidia’s new Blackwell line “is expected to experience similar supply/demand dynamics of Hopper with supply needing to catch up over many quarters,” but customers don’t seem to be yanking their Hopper orders in anticipation of Blackwell’s release.
“This is due to fears that supply for Blackwell will be constrained as the product ramps and customers will have to wait even longer to receive the accelerators,” Kumar said.
$NVDA So many calls
By: Cheddar Flow | April 15, 2024
• $NVDA So many calls
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Good call, as the upward trajectory has continued today.
Nvidia Stock Is a Bona Fide Buy Before the Next Blastoff
Apr 15, 202406:45 EDT
NVDA
-2.68%
Nvidia
NVDA
stock may just well continue to zig-zag between $850 and $950 per share. However, while it may not make its move tomorrow, or next week, the coming weeks are another matter. A spate of promising updates could help propel NVDA to over $1000 per share for the first time.
That’s not all. Rather than weakening, the long-term bull case for Nvidia continues to strengthen. As I’ll explain below, both these factors point to now being an opportune time to enter a position.
Nvidia Stock: Primed to Rally Ahead of Earnings?
Nvidia’s release date for its results during the quarter ending Jan. 31 has yet to be set, but based on the dates of prior earnings releases, it is likely to happen some time in late May. Previously, we have discussed why the company is likely to report strong resultsin this upcoming earnings release.
Mostly, because the big tech giants, in their quest to dominate the AI software space, continue to buy Nvidia’s AI-compatible chips hand-over-fist. However, don’t assume this means Nvidia stock will only rally post-earnings.
As Barrons’ Adam Clark argued on April 12, earnings releases from Nvidia’s big tech customers could provide an indication of whether AI chip demand remains strong, or if there is validity to concerns about a slowdown in AI chip purchases.
Many of these key customers next report earnings later this month. Nvidia’s next major rally could be just a few weeks away. That said, don’t get me wrong. Yes, there may be the opportunity to enter a profitable pre-earnings swing trade with this stock.
However, the real opportunity with NVDA has, and continues to be, long-term in nature.
A Clear Path to Stay at the Top
Forget about Nvidia stock merely hitting $1000 per share, followed up by a slower pace of price appreciation. More big leaps to loftier price levels remain within the realm of possibility for NVDA in the next year or two.
It all has to do with the stock’s continuously-strengthening long-term bull case.
Yes, there’s much out there suggesting there is rising uncertainty about Nvidia. Primarily, regarding future AI chip demand trends, as well as rising competition. Just as near-term fears of an AI chip demand slowdown are shortsighted, the same could be said about long-term demand slowdown fears.
Big tech’s buildout of its AI infrastructure may be the key demand driver now, but new user markets are emerging. Examples include AI-PC chips, plus emerging non-tech end-user markets like automotive and government. Investors today are likely overreacting to the threat of competition as well.
As BofA analyst Vivek Arya argues, Nvidia remains well-positioned to keep dominating the AI chip market. Even a few years down the road, when the annual size of this market goes from $90 billion to $200 billion, this AI early mover could have 75% market share.
The Verdict: Still a Strong Buy, for the Near and Long-Term
Again, positive developments for Nvidia are on the horizon. These could drive the next near-term liftoff for NVDA. In the quarters ahead, positive factors like the rollout of Nvidia’s Blackwell line of AI chips could enable the company to keep on beating expectations.
This would undoubtedly keep the stock on an upward trajectory. Over a multi-year time frame, where Nvidia stays at the top of the AI chip heap, continuing to deliver forecast-beating numbers, a move to $1500 per share is well within reach.
The top end of forecasts call for NVDA to report earnings of $46.37 per share in the coming fiscal year January 2026. Even if shares experience some multiple compression, this could justify a move to the $1500 per share mark.
Still a strong buy, for the near and long-term, it’s time to pounce on Nvidia stock.
Nvidia stock earns an A rating in Portfolio Grader.
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.
2 Reasons to Buy Nvidia Stock Like There's No Tomorrow
By John Ballard – Apr 15, 2024 at 3:20AM
KEY POINTS
Demand for Nvidia's GPUs is not slowing down, and management expects revenue to triple in the first quarter.
Data centers are buying GPU systems for artificial intelligence (AI) workloads, which is expected to accelerate data center infrastructure spending this year.
Nvidia generates sky-high margins on data center sales, so growing demand for GPUs should fuel profits and support the stock’s valuation.
Nvidia might have the most profitable strategy to benefit from AI.
Nvidia (NVDA -2.68%) delivered stunning growth over the last year. Graphics processing units (GPUs) are the hot commodity for powering artificial intelligence (AI) in data centers, and Nvidia has long dominated the GPU market.
The shift to AI is driving an increase in data center investment, which provides a tailwind for Nvidia. The company expects revenue to triple year over year in the first quarter to $24 billion, but looking at its long-term prospects, there are two important reasons this AI stock still has room to run.
1. Growth in AI infrastructure spending
Data center products are Nvidia's largest revenue source. This segment drove 83% of its $22 billion in revenue in the most recent quarter, so the investment in data center infrastructure is vital to Nvidia's growth.
In 2023, spending on data centers by the 10 largest cloud service providers totaled $260 billion, according to Dell'Oro Group. AI-related spending is growing much faster than the overall data center market, and this is reflected in Nvidia's numbers. The company's revenue more than doubled last year to nearly $61 billion.
NVDA Revenue (TTM) Chart
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In 2024, Dell'Oro expects total spending on data center infrastructure to accelerate to 11%, driven by investment to support new applications powered by generative AI. Other companies are pointing to high demand for Nvidia's chips. Dell Technologies, an Nvidia customer, said its backlog for AI-optimized servers nearly doubled in its most recent quarter.
It's important to remember that Nvidia offers more than just GPUs. It also supplies software and systems, which is a lucrative opportunity.
2. Nvidia will squeeze every ounce of profit out of this opportunity
For all the hype around Nvidia's market-leading AI chips, the company doesn't get enough credit for a how smartly it positions its products for profitable growth.
For many years, Nvidia positioned its gaming GPUs to allow for increases in average selling prices as gamers upgraded to the latest graphics cards. This fueled its profits and generated good returns for shareholders. The company's approach in the data center business is similarly designed to generate high returns.
For instance, Nvidia doesn't just sell individual chips to data centers; it bundles them in a system. Nvidia's DGX system includes eight H100 GPUs, which individually are quite expensive. The additional software and services Nvidia offers on top of its hardware adds a lot of value that it can monetize with high margins.
Nvidia's net income grew 581% last year to nearly $30 billion, or almost half of its total revenue. The high profit margin Nvidia generates from sales makes the stock a solid long-term investment.
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NASDAQ: NVDA
Nvidia
Today's Change
(-2.68%) -$24.30
Current Price
$881.86
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Market Cap
$2,205B
Day's Range
$875.30 - $901.75
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$262.25 - $974.00
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Nvidia will face competition. Intel and Advanced Micro Devices are already working on AI chips to compete with Nvidia, but Nvidia is the innovator in GPU technology, and its recent growth spurt gives it a tremendous advantage in financial resources to protect its lead in the GPU market.
Analysts currently expect Nvidia to grow earnings per share by 35% on annualized basis over the next few years. The stock won't continue to double every year, but with management estimating its data center opportunity to be worth $1 trillion, there's enough runway for shares to hit new highs over the next decade.
Yes, it's the alternative that is concerning. I think Iran feels emboldened, because behind the scenes, there is likely coordination between Iran, Russia, China and North Korea.
They are probably trying to pull the US into as many conflicts as possible to overwhelm our conventional capabilities and deplete our resources.
Approximately 200 drones were used against Israel. Each drone costs about $1k. The advanced weaponry we used to shoot those drones down, cost $1 million to take down each drone. Same thing is happening in Ukraine.
Then when our hands are full, our conventional weapons and defense systems depleted, each bad actor makes a move. That would be very bad for the US and the markets.
Hopefully, it doesn't go that way. I like the scenario you painted much better.
Another possibility is they the markets take a dive now and the administration uses that as a pretext to cut interest rates, which they clearly want to do.
Israel will retaliate and should. My best guess is that Iran stands down as the alternative could be off the map. Markets should react positivity
Perhaps. But Israel is not a paper tiger, and they surely will respond with more force, thereby escalating and perpetuating more violence in the region.
In general, that tends to spook markets. But hopefully the markets stabilize and the upward trend continues.
But not for the geo-political concerns on Friday, I believe NVDA would have gone to $940 range, on the recent catalyst/new ventures.
I think you are on the right side of this equation. Good luck to you.
Positive as Iran has now shown to be a paper tiger
No doubt NVDA's trajectory is up from here, as they have many new items coming to market.
However, what are your thoughts on geo political events impacting or hindering that upward trajectory, for NVDA and the broader markets?
Nvidia Dominates AI Market with Powerful Blackwell GPUs
APRIL 13, 2024 BY ROMAN REMBER
Nvidia continues to reign supreme in the realm of artificial intelligence, with its stock experiencing a notable surge of 209% in the past year. Nvidia’s trajectory seems unshaken by the market’s dynamic shifts or the entrance of competitors crafting their own AI chips. Nvidia CEO Jensen Huang has highlighted the immense potential for growth that the current trend toward accelerated computing and AI presents for the company.
At the heart of Nvidia’s advancements lies their newly unveiled Blackwell GPUs, unveiled at Nvidia’s annual GTC Conference. These chips boast performance metrics that are 2.5 to 5 times superior to the previous generation, which has significantly raised expectations for Nvidia’s footprint in the AI accelerator market.
Despite a saturated market with big players such as Meta Platforms and Google delving into AI chip production, Nvidia appears to maintain a strong foothold, with experts predicting that it could hold onto up to 75% of the market share. The directives in China for telecom carriers to phase out foreign chips by 2027 may have driven tech stocks down, but Nvidia’s resilience in its biggest markets and its leading-edge products suggest a solid future.
Emphasizing scalability and versatility, Nvidia not only produces cutting-edge chips but also offers comprehensive full-stack solutions, distinguishing it from other semiconductor players. With analysts reasserting confidence in its stock stability despite potential short-term shifts and an anticipation for robust demand for their AI solutions, Nvidia stands well-prepared to navigate the dynamic markets ahead.
Current Market Trends
The current market for AI chipsets is increasingly competitive. With advancements in AI and machine learning applications across various sectors—from autonomous vehicles and healthcare to finance and retail – demand for more powerful AI chips is soaring. Nvidia’s release of the Blackwell GPUs aligns with this trend, meeting the need for more efficient processing power for complex AI algorithms.
Companies like AMD, Intel, and various startups are also developing AI-specific processors, aiming to challenge Nvidia’s dominance. However, Nvidia’s comprehensive ecosystem, including software (such as CUDA and cuDNN) and hardware solutions, often places it ahead of rivals who may only offer individual components.
Forecasts
Market analysts forecast that the AI market will continue to expand at a rapid pace. The AI semiconductor market itself is expected to grow significantly in the coming years, with an estimated compound annual growth rate (CAGR) of around 40% from 2021 to 2026. Nvidia, with its strong research and development in AI and machine learning, is well-positioned to benefit from this growth.
Key Challenges and Controversies
One of the key challenges facing Nvidia is geopolitical tensions, particularly the US-China tech war which may affect its sales and manufacturing supply chains. Additionally, stringent export controls could limit Nvidia’s reach in international markets. Furthermore, the environmental impact of producing and operating powerful GPUs is a topic of concern among sustainable investment groups and environmentalists.
Advantages and Disadvantages of Blackwell GPUs
The advantages of Nvidia’s Blackwell GPUs include their superior performance, energy efficiency, and versatility, making them suitable for a range of applications from data centers to edge computing. This gives Nvidia an edge in securing contracts and partnerships in various tech sectors.
However, the disadvantages may include the high cost of Nvidia’s GPUs compared to competitors, which may limit their adoption in cost-sensitive markets. The complexity of Nvidia’s technology might also present a steep learning curve for new customers.
Conclusion
Nvidia’s resilient performance in the stock market and the significant advancements represented by their Blackwell GPUs showcase the company’s strong presence in the AI sector. Despite facing competition and market challenges, Nvidia remains at the forefront of AI technology, well-prepared for current and future market demands.
For those interested in exploring more about Nvidia, you can visit their official website with the following link: Nvidia Official Website.
Here's what could lead to Nvidia's next boom
13.04.2024
Shares of Nvidia ( NVDA ) were slightly lower at the start of the day on Friday, although the week was generally positive after briefly entering correction territory.
Investors are now turning their eyes to upcoming earnings reports from major tech companies, focusing in particular on any indication of increased investment in artificial intelligence (AI) technologies.
Shares of Nvidia fell 1.6% to $891.68 in early trading on Friday, after rising 4.1% to $906.16 at the close on Thursday.
Despite starting the week at levels around $830, Nvidia shares have rebounded, though they are still short of their recent highs near $950. Whether the stock moves beyond that range may depend on signs of increased customer spending, particularly on Nvidia's new line of Blackwell chips, as the tech giants report earnings in the coming weeks.
Nvidia shares held steady despite a flurry of AI chip announcements from rivals such as Intel, Google Alphabet and Meta Platforms during the week. Marvell Technology also jumped into the fray on Thursday, announcing at an event the addition of a third hyperscale cloud company to its list of AI clients.
Marvell has revealed plans to manufacture an AI accelerator for this unnamed customer, with production to begin in 2026. Analyst Christopher Roland of Susquehanna Financial Group speculated that the mystery customer could be Microsoft.
Shares of Nvidia are up 83% year-to-date through Thursday's close, outpacing the S&P 9.0's 500% gain and the Nasdaq Composite's 9.5% gain over the same period.
The bullish bear is still awake at this hour! :)
For political debates please go to DJT board. TIA
Clearly you did not read what I wrote. I was not referencing the $6 billion that you mention. What I specifically pointed out was the lifting of sanctions, which involved way more than $6 billion.
Biden removed sanctions on Iran, thereby allowing them to sell oil and make billions $$. Why remove sanctions against a state that sponsors terrorism? We all know what that $$ is used for.
Doesn't seem so moronic now. Iran attacked Israel, after the US president told them "don't". No fear because they know he won't act.
This administration lifted sanctions on Iran allowing them to sell their oil, which gave them $$ to build an arsenal and launch attacks like this. They also gave them $$.
How Is Nvidia Cheaper Than Microsoft?
April 13, 2024 — 07:30 am EDT
Written by Keithen Drury for The Motley Fool ->
The term "cheaper" in investing can mean many different things. It could be that the stock price itself is cheaper, but this is a very narrow definition and honestly not incredibly helpful in the days of fractional shares. There are also connotations about future growth or by what metric a stock is valued.
For many people, artificial intelligence (AI) powerhouse Nvidia (NASDAQ: NVDA) looks incredibly expensive. But when compared to the largest company in the world, Microsoft (NASDAQ: MSFT), I'd suggest that it's cheaper. How? Looking at a particular metric is critical in assessing where a company is heading.
There are many ways to assess how expensive a stock is
First, let's get the obvious out of the way. From a dollar basis, Nvidia looks expensive, at around $870 per share. Microsoft is much cheaper, at around $425. However, the stock price is just an arbitrary figure. The stock price is determined by the number of shares outstanding and the company's total value. Either of these two could enact a stock split to change the number of shares and make the stock more or less expensive from a dollar standpoint. This is why looking at the stock price doesn't help investors.
Instead, utilizing a metric to measure how expensive a company is will be a much better measure. For example, the price-to-earnings ratio divides the stock price by how much earnings per share (EPS) the company has, giving a ratio that tells investors how much they must pay for a single dollar of earnings. This is an incredibly useful metric for mature businesses like Nvidia and Microsoft.
One of the best metrics to consider in today's environment is the forward price-to-earnings (P/E) ratio. It's the same as the regular price-to-earnings ratio, except it looks at forward earnings instead of trailing ones. This is critical as companies like Microsoft and Nvidia are rapidly growing and adapting to this new environment filled with AI technology. Because neither company has generated these forward earnings yet, investors must use Wall Street analyst projections to value the business.
This isn't an exact science and can lead to some errors. However, it gives a better picture of where a stock may be heading, which is far more important than where it has been.
Both Microsoft and Nvidia should be valued this way due to their rapid growth. Nvidia's graphics processing units (GPUs) are the best in the business for creating AI models, and companies need to buy thousands of them to create a computer powerful enough to crunch through AI calculations and training. This has shown up in a big way in Nvidia's financial results, like in the fourth quarter of fiscal year 2024 (ended Jan. 28) when its revenue rose 265% year over year to $22.1 billion, and EPS shot up 765%.
Microsoft is implementing OpenAI's ChatGPT into many of its products and charging a premium to use the service. Additionally, its cloud computing service, Azure, is growing in usage. This is due to many customers increasing their use due to developing AI models, something Azure has the computing power to do. Microsoft isn't growing as fast as Nvidia, but its revenue rose a respectable 18% year over year in the second quarter of fiscal year 2024 (ended Dec. 31, 2023), and EPS was up 33%.
Both companies are doing well. But how is Nvidia cheaper?
Nvidia is cheaper than Microsoft in one key way
Returning to the forward-facing mindset, Nvidia's stock trades at a cheaper level than Microsoft.
NVDA PE Ratio (Forward) Chart
NVDA PE Ratio (Forward) data by YCharts
This means that if each company hits its earnings projections over the next 12 months, Nvidia will be cheaper from a more traditional trailing earnings perspective if the stock prices don't move.
Much of this disparity comes from the expectations for Nvidia to grow massively, as Wall Street analysts expect 81% revenue growth this year. Microsoft is expected to grow by 15% this year, but that's still not enough to surpass Nvidia.
So, despite many investors worrying about how expensive Nvidia is, it's cheaper than the stalwart Micorosft. As a result, I think investors should consider investing in Nvidia instead of Microsoft, as it doesn't have near the growth levels despite the hefty price tag.
You Won't Believe My Shocking Nvidia Stock Prediction
By Parkev Tatevosian, CFA – Apr 13, 2024 at 7:28AM
Reading comprehension my friend.
The charts predict it should continue to increase, and hopefully that happens. But charts can not completely account for geo political unrest. By the time that shows up on the charts, it's too late.
You just contradicted yourself. ;(
Beamr(BMR) is one of the early partners of NVDA mentioned in your post. NVDA shareholders should investigate BMR’ s website and PRs to see the image reduction technology that BMR brings to the table to enhance the share value of NVDA. We hold 600 shares of BMR, currently quoted at $6.20/share. We also hold 755 shares of NVDA at a split-adjusted cost or basis of $4.3115/share, purchased over a decade ago. Ready for another NVDA stock split.
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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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