NVIDIA Corp (NVDA)

[DiscoverGold]

Double Top on Semiconductors (SMH)
By: Erin Swenlin | July 19, 2024

We noticed a double top on the Semiconductor industry group (SMH) that looks very much like the NVIDIA (NVDA) chart. NVDA is clearly the bellwether for the group, and it appears all of the Semiconductors are feeling the pain. The downside target of this pattern would take price to at least 239.00. That would be the "minimum" downside target.

Participation is lagging. You can see how many stocks have lost support at their 20/50-day EMAs. The Silver Cross Index is still at a very healthy level, so, while many have lost support, they still have their 20-day EMAs above the 50-day EMAs. All is not lost, but certainly the declining PMO suggests more downside.



SMH has been running hot since the 2022 low. It did see some corrections along the way, and it appears we are going in for another correction. So far, this correction is only a 9.9% decline. We would look for more given the topping weekly PMO.



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[DiscoverGold]

$NVDA Bullish flow hitting the tape to start the morning
By: Cheddar Flow | July 19, 2024

• $NVDA Bullish flow hitting the tape to start the morning



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[DiscoverGold]

Should You Buy or Sell Nvidia Stock on China Trade Concerns?
By: Barchart | July 18, 2024

The escalating trade tensions between the United States and China, which more recently focused on electric vehicles (EV) and solar panels, have circled back to a familiar flashpoint between the two countries: semiconductor chips. Citing national security concerns, the U.S. unleashed a plethora of export control rules in October 2022 targeting China, the largest exporter of chips in the world - but the clampdown proved ineffective, as friendly nations like Japan and the Netherlands have continued to supply crucial semiconductor manufacturing equipment.

As a result, the U.S. has tried different approaches to choke off China's access to advanced semiconductor technology, culminating in Wednesday's reports that the Biden administration is considering the most severe trade restrictions available if companies like Dutch giant ASML (ASML) continue to ship to China.

Those reports coincided with hawkish comments from GOP presidential nominee Donald Trump on Taiwan, home to industry critical Taiwan Semiconductor (TSM), the world's largest chip manufacturer. Trump told Bloomberg, “They did take about 100% of our chip business. I think, Taiwan should pay us for defense… You know, we're no different than an insurance company. Taiwan doesn't give us anything.”

With both Biden and Trump talking tough on chips and China, most of the semiconductor industry spiraled sharply lower on Wednesday - with the notable exception of Intel (INTC), which is expected to benefit as it continues to expand its domestic foundry footprint. U.S.-listed shares of Taiwan Semi tumbled nearly 8%, ASML lost 12%, and Advanced Micro Devices (AMD) shed more than 10%, while the broader VanEck Semiconductor ETF (SMH) closed down 7%.

So where does this leave Nvidia (NVDA), with the poster child of the AI revolution taking a 6.6% hit on the session? Should investors give the Jensen Huang-led company a wide berth amid the candidates' saber-rattling on trade - or is the stock's latest dip an opportunity to load up on Nvidia shares? Let's have a closer look.

About Nvidia Stock

For the uninitiated, Nvidia (NVDA) is a leader in specialized AI semiconductors, and the company also supplies software to support the hardware it provides. More specifically, Nvidia designs and sells graphics processing units (GPUs) for the gaming and professional markets, and system-on-a-chip (SoC) units for the mobile computing market.

Trading under a dollar as recently as 2016, the stock recently completed a 10-for-1 stock split to bring its share price back down to earth. Nvidia is up an impressive 146% on a YTD basis, and the chip giant has surged a staggering 2,595% over the past five years.


www.barchart.com

Last month, NVDA briefly took over the No. 1 spot as the most valuable company in the world, elbowing past Big Tech titans like Microsoft (MSFT) and Apple (AAPL). With Apple now back in the top spot, Nvidia's market cap currently stands at a formidable $2.90 trillion. The stock also offers a modest dividend yield of 0.02%.

Although the stock's 16% pullback from its June highs might feel alarming, given NVDA's near-vertical rise over the past year, the core fundamentals and operational strength of the company remain firmly intact.

Nvidia Crushes Earnings Expectations

Nvidia's financial position remains as solid as ever, as can be gauged from its latest results for the first quarter. In Q1 2025, Nvidia continued its impressive run of beating revenue and earnings expectations.

Specifically, the company reported record quarterly revenues of $26 billion, up a whopping 262% from the previous year, as its core data center revenues shot up by 427% in the same period to $22.6 billion. Nvidia's adjusted EPS rocketed by 461.5% on a YoY basis to $0.61, comfortably beating estimates.

The company generated net cash from operating activities of $15.34 billion, compared to just $2.91 billion in the year-ago quarter. Moreover, Nvidia closed the quarter with a cash balance of $31.44 billion, much higher than its debt levels of $14 billion.

Nvidia has been on a tear for the past five quarters. Not only have they consistently beaten analyst expectations, but they've also delivered impressive quarterly earnings growth.

For Q2 2025, set to be reported in late August, the company expects revenues of $28 billion. Analysts are forecasting forward revenue growth of 80.21% for Nvidia, compared to the tech sector median of 6.57%.

Overall, the past 10 years have seen the company grow its revenue and EPS at a CAGR of 33.99% and 56%, respectively.

Alongside its quarterly results, Nvidia announced its 10-for-1 stock-split to attract more investors to its stock, which set off a wave of similar announcements in the industry.

Blackwell & Other Drivers

Nvidia unveiled its Blackwell platform of chips in March, and the company is betting big on it. Touted as an improvement over its Hopper architecture, launched two years ago, the Blackwell platform boasts significant improvements in cost and energy efficiency compared to its predecessor. (As context, each of Nvidia's H100 chips consumes 700W of energy at peak operation, which is more than the annual electricity consumption of countries like Georgia, Costa Rica, and Guatemala.)

Enter Nvidia's Blackwell platform, which was launched earlier this year. It promises to slash costs by up to 25x for tasks like training giant AI models, saving significant power for the same performance. Production is underway, with availability coming later in 2024. And Nvidia isn't resting; Blackwell's successor, Rubin, is already in the works for a 2026 launch.

Looking ahead, management is confident in continued growth through 2025 and beyond. This optimism is fueled by the shift to accelerated computing, an explosion of generative AI applications, strong growth in enterprise and consumer internet sectors, and the development of sovereign AI. The company's bullishness stems from the fact that Nvidia’s chips are used for various purposes such as data centers, edge-to-cloud computing, the powering of automotive driving technology, cryptocurrency mining, and professional applications.

Nvidia's H100 Tensor Core GPU is used as the foundation for artificial intelligence usage on the data center level. This GPU was the fastest available in the market, and therefore in particularly high demand among companies that require a fast tackling of AI and HPC workloads. Nvidia is currently the leading AI processor manufacturer, with its AI accelerator MI300X to support machine learning set to be made available to users soon.

The chip giant has software muscle, too. Their Nvidia Inference Microservices (NIMs), unveiled at GTC this year, are production-ready containers that simplify deploying AI models at scale. NIMs slash deployment times from weeks to minutes, according to Nvidia. They work across Nvidia's massive CUDA-enabled GPU base of hundreds of millions and support a wide range of models, including open-source options like Meta's (META) Llama 3.

Bullish Analysts Back Nvidia

As semi stocks sold off on Wednesday, Mizuho Securities analyst Jordan Klein advised investors not to panic, and remarked, “My personal take is not to freak out and start indiscriminately selling semis with reckless abandon. A pullback and risk-off trade into July earnings season IS GOOD IN MY VIEW to lower expectations and very elevated and euphoric investor positioning/sentiment in the semi sector.”

Considering its strong balance sheet, continued innovation, and robust market standing, Nvidia's latest dip can be an opportunity for long-term investors to load up on the stock.

Overall, analysts continue to remain bullish about Nvidia stock, even as they've struggled to keep up with price-target hikes post-stock split. The consensus rating is a "Strong Buy,” with a mean target price of $139.41, indicating an upside potential of about 16.7% to current prices.

Out of 40 analysts covering NVDA stock, 34 have a “Strong Buy” rating, 2 have a “Moderate Buy” rating, and 4 have a “Hold” rating.


www.barchart.com

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[DiscoverGold]

$NVDA 4HR & 30 M Chart Analysis + Flow Today Target 128+-
By: fattigainz | July 19, 2024

• $NVDA 4HR & 30 M Chart Analysis + Flow Today

Target 128+-. Pivot at lower demand resembles previous internals with other confluence aiding to the upside. My entry taken at todays pivot.





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[jjtcwine]

10% ownership filing from Nvidia in SERA

[jjtcwine]

$SERV NVDA bought about 60K shares out of 33 plus million

[JJ8]

"After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: July 18, 2024"

[abrooklyn]

Form SC 13G - Statement of Beneficial Ownership by Certain Investors

Source: Edgar (US Regulatory)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. )*

Serve Robotics Inc.
(Name of Issuer)

Common Stock, $0.0001 par value per share
(Title of Class of Securities)

81758H 106
(CUSIP Number)

July 31, 2023
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
?
?
?
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)


*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Exchange Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).





CUSIP No. 81758H 106
1.
Names of Reporting Persons
NVIDIA Corporation
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ? (b) ?
3. SEC Use Only 4.
Citizenship or Place of Organization
Delaware
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5.
Sole Voting Power
3,727,033
6.
Shared Voting Power
0
7.
Sole Dispositive Power
3,727,033
8.
Shared Dispositive Power
0
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
3,727,033
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ?
11.
Percent of Class Represented by Amount in Row (9)
10.0% (1)
12.
Type of Reporting Person (See Instructions)
CO

(1) This percentage is calculated based upon 37,098,653 shares of common stock, $0.0001 par value per share, of Serve Robotics Inc. (the “Issuer”) issued and outstanding as of May 31, 2024, as disclosed in the Issuer’s prospectus filed pursuant to Rule 424(b)(3) (File No. 333-280071) with the Securities and Exchange Commission on July 8, 2024.


2 Explanatory Note

On July 31, 2023, Patricia Acquisition Corp., a special purpose acquisition corporation, and Serve Acquisition Corp., a wholly-owned subsidiary of Patricia Acquisition Corp., consummated a business combination with Serve Robotics Inc. through the merger of Serve Acquisition Corp. with and into Serve Robotics Inc., with Serve Robotics Inc. surviving the merger (the “Business Combination”). Upon the closing of the Business Combination, Patricia Acquisition Corp. changed its name to Serve Robotics Inc. (the “Issuer”). Immediately following the closing of the Business Combination, NVIDIA Corporation beneficially owned 2,676,904 shares of common stock, $0.0001 par value per share (“Common Stock”), of the Issuer, which included 62,500 shares of Common Stock purchased by NVIDIA Corporation in a concurrent private placement by the Issuer. On January 2, 2024, the Issuer issued NVIDIA Corporation a convertible promissory note which was subsequently converted into 1,050,129 shares of Common Stock on April 22, 2024.


Item 1.
(a)
Name of Issuer
Serve Robotics Inc.
(b)
Address of Issuer’s Principal Executive Offices
730 Broadway, Redwood City, California 94063
Item 2. (a)
Name of Person Filing
NVIDIA Corporation
(b)
Address of Principal Business Office or, if none, Residence
2788 San Tomas Expressway, Santa Clara, California 95051
(c)
Citizenship
Delaware
(d)
Title of Class of Securities
Common Stock, $0.0001 par value per share
(e)
CUSIP Number
81758H 106
Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable. Item 4. Ownership
Provide the following information regarding the aggregate number and percentage of the class of securities of the Issuer identified in Item 1.
(a)
Amount beneficially owned:
See Row 9 of cover page for the Reporting Person
(b)
Percent of class:
See Row 11 of cover page for the Reporting Person
(c) Number of shares as to which the person has: (i)
Sole power to vote or to direct the vote:
See Row 5 of cover page for the Reporting Person.

3 (ii)
Shared power to vote or to direct the vote:
See Row 6 of cover page for the Reporting Person.
(iii)
Sole power to dispose or to direct the disposition of:
See Row 7 of cover page for the Reporting Person.
(iv)
Shared power to dispose or to direct the disposition of:
See Row 8 of cover page for the Reporting Person.
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o.
Item 6. Ownership of More than Five Percent on Behalf of Another Person Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person Not applicable. Item 8. Identification and Classification of Members of the Group Not applicable. Item 9. Notice of Dissolution of Group Not applicable. Item 10. Certifications By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


4 Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: July 18, 2024
NVIDIA Corporation By: /s/ Rebecca Peters
Name: Rebecca Peters
Title: Vice President, Deputy General Counsel and Assistant Secretary






5

[DiscoverGold]

Top bullish flow so far: $NVDA
By: Cheddar Flow | July 18, 2024

• Top bullish and bearish flow so far: $NVDA $TSM



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[Nebuchadnezzar]

top is definitely in NFLX for 2024

therefore the top is probably in for most mega cap tech

[PonderosaPack]

Ye of little faith.

[Capt_Smith77]

Crusoe confirms plans for 200MW AI data center in Texas

https://www.datacenterdynamics.com/en/news/crusoe-confirms-plans-for-200mw-ai-data-center-in-texas/

[Capt_Smith77]

Trump and Co want to deregulate AI and get rid of tired Joey's legislation on AI, and look to heavily promote and fund AI in both industry as well as government use, which includes the military. This will not only positively effect Nvidia, but just as important, all of its developers and startups.

Taiwan is a rich country, and can easily afford to pay out each year for protection guarantee, and this will help stabilize the situation as Taiwan is weaker under sleepy Joe, who's "asleep at the wheel" on all levels. While I see the potential of China invading Taiwan as a minuscule possibility in the here and now, Trump returning to office will easily assure that it won't happen, and that the chances are zero.

We can also expect lower taxes on corporations, lower capital gains taxes, and of course cheaper energy prices, all of which will have a significant positive impact for Nvidia and its shareholders.

[JJ8]

May be good news after the "digestion mode after a huge run".

Good to see the support at the $118 level at this time.

Most shareholders got used to see the share price going mostly up and up.

We shall see if the current "indigestion" is not serious enough to lead to an ulcer condition, lol.

Cheers & GLTA

[DiscoverGold]

$NVDA Flow starting to turn bullish
By: Cheddar Flow | July 18, 2024

• $NVDA Flow starting to turn bullish



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[Dallas-Cowboys]

Not sure whether to take this with a grain of salt or not



NVIDIA CUDA Can Now Directly Run On AMD GPUs Using The “SCALE” Toolkit
Muhammad Zuhair
•
Jul 17, 2024 02:30 AM EDT
28
NVIDIA CUDA Can Now Directly Run On AMD's RDNA GPUs Using The "SCALE" Toolkit 1

British startup Spectral Compute has unveiled "SCALE," a GPGPU toolchain that allows NVIDIA's CUDA to function seamlessly on AMD's GPUs.

NVIDIA's CUDA Can Now Directly Function With Non-NVIDIA GPUs Such As AMD's Without The Need For Code Porting, Courtesy of SCALE

Well, it looks like the industry has been able to break NVIDIA's software stack dominance, so they are now looking for ways to remove the "exclusivity" status through various means. We previously saw the emergence of ZLUDA, an open-source porting project that allowed CUDA libraries to work with AMD's ROCm, ultimately supporting Team Red's GPUs. A new competitor has emerged on the scene, the SCALE, which allows AMD's consumers to leverage the capabilities of NVIDIA's CUDA to create a high-end "hybrid" model.

RELATED STORY MSI AGESA 1.2.0.0a BIOS For AM5 Motherboards Available: Adds Curve Shaper, EXPO “On-The-Fly” & OPP Support For AMD Ryzen 9000
We believe that it should be possible to write code once, and build/run it on any hardware platform. This has been a reality for CPU code for many years, so why not GPUs? We set out to directly solve this problem by bridging the compatibility gap between the popular CUDA programming language and other hardware vendors.

One codebase, multiple vendors.

- Spectral Compute's CEO, Michael Sondergaard
Spectral Compute's CEO, Michael Sondergaard, believes that GPUs should have an open-source environment, similar to modern-day CPUs, and that interconnectivity should exist among various platforms. He believes that SCALE acts as a bridge for the compatibility gap between CUDA and other hardware vendors, ultimately removing the limits that exist in the markets. According to Michael, SCALE is a GPGPU toolkit, similar to NVIDIA's CUDA toolkit, which uses binaries for non-NVIDIA GPUs while compiling CUDA code, ultimately removing the need for a translation layer.

Image Credits: SCALE
SCALE has been in development for seven years, according to Spectral Compute, and it doesn't rely on NVIDIA's code but builds its CUDA-compatible toolchain, which makes SCALE highly adaptable amongst multiple platforms, such as AMD's RDNA GPUs. The resource avoids code porting and allows developers to work with a single version of their codebase since SCALE eliminates the need to work with other languages, as it's source-compatible with CUDA.

Well, with the implementation of SCALE, it's apparent that the status of NVIDIA's CUDA will change from being exclusive to relatively widely available. However, it's important to note that SCALE itself isn't open-source; users can access it through a free software license. Spectral Compute says that they have tested the software in multiple applications, such as Blender, Llama-cpp, XGboost, FAISS, GOMC, STDGPU, Hashcat, and NVIDIA Thrust, employing AMD's RDNA 3 and RDNA 2 architectures.

NVIDIA has shown some resentment against certain resources that allow CUDA to run on external components, given that Team Green previously listed a warning in their EULA against platforms like SCALE. CUDA has played a huge role in NVIDIA's dominance over the AI markets, and the firm won't let the software lose its exclusivity status easily.

[Dallas-Cowboys]

That is good between SK hynix, Micron and now Samsung HBM3E memory should not be the problem

[Dallas-Cowboys]

Nvidia stock outlook: Expect a big reveal on upcoming Q2 earnings call
Nvidia plans to reveal examples of how its end-customers are making money on AI chips, according to Goldman Sachs.??
The reveal will come on its upcoming earnings call, and it could silence AI skeptics. ??
Goldman Sachs expects Nvidia to once again beat earnings estimates when it reports in late August.
Nvidia is set to silence AI critics when it announces its second-quarter earnings results in late August.
That's according to a Monday note from Goldman Sachs, which details key takeaways from a recent meeting with Nvidia CFO Colette Kress.
There have been growing worries that for all of the hundreds of billions of dollars being spent on Nvidia's AI chips, there's little to show from it in the form of profits and revenues for Nvidia's customers.
"End-user companies and their investors will soon look for revenue to justify the $500 billion already spent," Bank of America said in a note earlier this week. "No one denies the computing power. But after one last frenzied rally around the latest chips, investors may come to doubt the near-term economics."
However, according to Goldman Sachs, Kress said that Nvidia plans to highlight the profits its end-users are generating from the growing use of its AI-enabled GPU chips.
"In order to assist investors in appreciating customers' ROI profiles, Ms. Kress noted that, similar to how they shared data from Meta on their most recent earnings call, they intend to provide ROI metrics from customers on its next earnings call as it aims to instill confidence in investors," Goldman Sachs said.
On its last earnings call, Nvidia highlighted that for every $1 spent on its HGX H200 servers, an API provider serving Meta's Llama 3 tokens can generate $7 in revenue over four years.
Other takeaways from Goldman's conversation with Kress include the expected revenue ramp of Nvidia's next-generation Blackwell GPU chips.
Goldman expects revenue from the Blackwell chip to be limited in Nvidia's third-quarter, "followed by a more significant ramp in FY4Q (January) and FY1Q (April)."
"Ms. Kress also stated that inputs such as data center facility space, power, and cooling — all concerns often raised by investors as it pertains to customers' ability to build out large-scale data centers — are unlikely to derail the growth trajectory of the company for the foreseeable future," Goldman Sachs said.
Overall, Goldman Sachs said it is confident Nvidia will deliver a positive earnings surprise that leads to positive EPS revisions when it reports results next month.
"We reiterate our Buy rating on NVDA as the meeting reinforced our belief in the sustainability of the ongoing Gen AI spending cycle as well as Nvidia's ability to maintaining its leadership position through consistent and rapid innovation across Compute, Networking and Software," Goldman Sachs said.
The bank reiterated its $135 price target for Nvidia, which represents potential upside of 14% from current levels.
Nvidia is set to silence AI critics when it announces its second-quarter earnings results in late August.
That's according to a Monday note from Goldman Sachs, which details key takeaways from a recent meeting with Nvidia CFO Colette Kress.
There have been growing worries that for all of the hundreds of billions of dollars being spent on Nvidia's AI chips, there's little to show from it in the form of profits and revenues for Nvidia's customers.
"End-user companies and their investors will soon look for revenue to justify the $500 billion already spent," Bank of America said in a note earlier this week. "No one denies the computing power. But after one last frenzied rally around the latest chips, investors may come to doubt the near-term economics."
However, according to Goldman Sachs, Kress said that Nvidia plans to highlight the profits its end-users are generating from the growing use of its AI-enabled GPU chips.
"In order to assist investors in appreciating customers' ROI profiles, Ms. Kress noted that, similar to how they shared data from Meta on their most recent earnings call, they intend to provide ROI metrics from customers on its next earnings call as it aims to instill confidence in investors," Goldman Sachs said.
On its last earnings call, Nvidia highlighted that for every $1 spent on its HGX H200 servers, an API provider serving Meta's Llama 3 tokens can generate $7 in revenue over four years.
O?ther takeaways from Goldman's conversation with Kress include the expected revenue ramp of Nvidia's next-generation Blackwell GPU chips.
Goldman expects revenue from the Blackwell chip to be limited in Nvidia's third-quarter, "followed by a more significant ramp in FY4Q (January) and FY1Q (April)."
"Ms. Kress also stated that inputs such as data center facility space, power, and cooling — all concerns often raised by investors as it pertains to customers' ability to build out large-scale data centers — are unlikely to derail the growth trajectory of the company for the foreseeable future," Goldman Sachs said.
Overall, Goldman Sachs said it is confident Nvidia will deliver a positive earnings surprise that leads to positive EPS revisions when it reports results next month.
"We reiterate our Buy rating on NVDA as the meeting reinforced our belief in the sustainability of the ongoing Gen AI spending cycle as well as Nvidia's ability to maintaining its leadership position through consistent and rapid innovation across Compute, Networking and Software," Goldman Sachs said.
The bank reiterated its $135 price target for Nvidia, which represents potential upside of 14% from current levels.
Nvidia is set to silence AI critics when it announces its second-quarter earnings results in late August.
That's according to a Monday note from Goldman Sachs, which details key takeaways from a recent meeting with Nvidia CFO Colette Kress.
There have been growing worries that for all of the hundreds of billions of dollars being spent on Nvidia's AI chips, there's little to show from it in the form of profits and revenues for Nvidia's customers.
"End-user companies and their investors will soon look for revenue to justify the $500 billion already spent," Bank of America said in a note earlier this week. "No one denies the computing power. But after one last frenzied rally around the latest chips, investors may come to doubt the near-term economics."
However, according to Goldman Sachs, Kress said that Nvidia plans to highlight the profits its end-users are generating from the growing use of its AI-enabled GPU chips.
"In order to assist investors in appreciating customers' ROI profiles, Ms. Kress noted that, similar to how they shared data from Meta on their most recent earnings call, they intend to provide ROI metrics from customers on its next earnings call as it aims to instill confidence in investors," Goldman Sachs said.
On its last earnings call, Nvidia highlighted that for every $1 spent on its HGX H200 servers, an API provider serving Meta's Llama 3 tokens can generate $7 in revenue over four years.
Other takeaways from Goldman's conversation with Kress include the expected revenue ramp of Nvidia's next-generation Blackwell GPU chips.
Goldman expects revenue from the Blackwell chip to be limited in Nvidia's third-quarter, "followed by a more significant ramp in FY4Q (January) and FY1Q (April)."
"Ms. Kress also stated that inputs such as data center facility space, power, and cooling — all concerns often raised by investors as it pertains to customers' ability to build out large-scale data centers — are unlikely to derail the growth trajectory of the company for the foreseeable future," Goldman Sachs said.
Overall, Goldman Sachs said it is confident Nvidia will deliver a positive earnings surprise that leads to positive EPS revisions when it reports results next month.
"We reiterate our Buy rating on NVDA as the meeting reinforced our belief in the sustainability of the ongoing Gen AI spending cycle as well as Nvidia's ability to maintaining its leadership position through consistent and rapid innovation across Compute, Networking and Software," Goldman Sachs said.
The bank reiterated its $135 price target for Nvidia, which represents potential upside of 14% from current levels.

[ddabetsmallwinbig]

We are a tech driven society and nothing will stop that. The need for greater faster technology will continue. This is just all market games. Durable goods will do well if they cut rates but with that increased spending will be tech gadgets of all proportions and tech stocks will oblige with massive gains.

[Dubster watching]

They were warned.
A few deserve to get smoked.

[Jetmek_03052]

Ridiculous article. I can't imagine that thousands of thousands of experts in this field are completely off base and these few "rocket scientists" are correct. Like he said, he is a "nobody". He's got a theory. That's it.

[Capt_Smith77]

Samsung Reportedly Passes NVIDIA’s HBM3E Qualification Tests, Supply Expected To Initiate Next Quarter

https://wccftech.com/samsung-passes-nvidia-hbm3e-qualification-tests-supply-to-initiate-next-quarter/

[rolvram]

TSMC shatters Q2 forecasts, powered by the AI chip surge! The chip titan's strategic foresight in AI is not just paying off—it's setting the industry pace.

[DCALongRun]

[4retire]

Thank you. That’s what I thought I read where their latest technologies were not being made available to China

[Dallas-Cowboys]

They still provide machines to China but they are the older machines that produce the higher nanometer chips.

[Capt_Smith77]

NVIDIA raises orders 25% for TSMC for its next-gen Blackwell AI GPUs amid strong AI demand

Read more: https://www.tweaktown.com/news/99333/nvidia-raises-orders-25-for-tsmc-its-next-gen-blackwell-ai-gpus-amid-strong-demand/index.html

https://www.tweaktown.com/news/99333/nvidia-raises-orders-25-for-tsmc-its-next-gen-blackwell-ai-gpus-amid-strong-demand/index.html

[4retire]

Correct me if I’m mistaken but I thought ASML was already following China restrictions. I believe I saw some information that they were following NVDA about China getting their best technology

[AlwaysOptimistic]

Nvidia Stock Poised for Explosive Growth: Why Analysts Predict a 10% Surge

https://investorplace.com/2024/07/nvidia-stock-poised-for-explosive-growth-why-analysts-predict-a-10-surge/

[AlwaysOptimistic]

China restrictions minimally impact chip makers: Analyst

https://finance.yahoo.com/video/china-restrictions-minimally-impact-chip-202828758.html

[MPstock]

No doubt

[Wolf of MP]

Of this gets to $95, you're going to see a ton of buyers enter. This won't stay here by next ER.

[DiscoverGold]

Top bearish flow at the moment: $NVDA
By: Cheddar Flow | July 17, 2024

• Top bullish and bearish flow at the moment: $TSLA $NVDA



Read Full Story »»»

DiscoverGold

[MPstock]

95.00. It's coming

[dinogreeves]

Bottom is going to be 70 dollars.

[DiscoverGold]

Big volume in $NVDA 115P 07/19/2024. 165K contracts have already traded hands with 57K contracts being added to the open interest today
By: Cheddar Flow | July 17, 2024

• Big volume in $NVDA 115P 07/19/2024. 165K contracts have already traded hands with 57K contracts being added to the open interest today

Trade side distribution showing a lot of these are being traded mid market today according to our data







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[Termite7]

Everybody ready for $103???

[Termite7]

MMs are bought & paid for like whores......

[Nebuchadnezzar]

NVDA has 25 billion shares to churn through

top is likely in at $140s

[JJ8]

For a while that is also in the picture.

It will also depend on the larger Market picture, I think.

Cheers

[Nebuchadnezzar]

NVDA down 7% on 225 million volume already

that momo to the upside is likely capped for a while

[JJ8]

Day order to buy at $218.75 filled. GLTA

PS: Update of status: Port revised cost ps now $86.14
Looks like support at level $118 may work. We shall see.

[Jetmek_03052]

Dow Jones Newswires July 17, 2024 10:12:00 AM ET


Shares of semiconductor companies are sliding after the opening bell as investors react to new geopolitical concerns surrounding top chip exporters China and Taiwan.

Shares of sector heavyweight Nvidia were down 4.8% at $120.26 in early trading. Qualcomm stock was down 6.3% at $ 196.42 and Micron Technology shares were down 4.1% at $122.22. American depositary receipts for ASML, Europe's most valuable technology company, were down 10% at $961.42.

The selloff follows a Bloomberg Businessweek interview with Republican Presidential candidate Donald Trump Tuesday, in which he said Taiwan should pay the U.S. for defense and expressed skepticism about fighting Chinese aggression. A tougher political stance on China or Taiwan could further pressure the industry as it deals with an inventory glut after the makers of consumer devices, cars and industrial equipment spent years stockpiling chips.

Chipmaker ASML on Wednesday reported that revenue from system sales to China were up 20% in the second quarter and made up nearly half of the total top line. That could be a problem now that the current White House wants the Netherlands and Japan to tighten export controls to China, according to a Bloomberg report from early Wednesday.

The Netherlands is ASML's home country, while competitor Tokyo Electron is domiciled in Japan. Tokyo Electron's American depositary receipts were down 9.6% at $102.74 in early trading. American depositary receipts of Taiwan Semiconductor Manufacturing, a top customer for ASML, were down 6.5% at $173.91.

ASML's results for the second quarter came in above analyst projections, though its guidance for sales in the current quarter to top out at EUR7.3 billion missed forecasts.

Susquehanna analyst Christopher Rolland said in a note Wednesday morning that broad-based headwinds in the industry are expected to continue, albeit at an uneven pace as different markets and companies progress through the downcycle at different speeds.

Rolland said the AI-initiatives Apple unveiled at its latest developer conference will be a tailwind for smartphone shipments in 2024 and 2025, while persistent weakness in the 5G market will keep manufacturers working through inventory and mixed carrier demand.

Qualcomm's stock decline comes after Oppenheimer analysts said in a research note Wednesday that the company is getting outpaced by MediaTek in the land grab for 5G smartphone market share, driven by rising shipments of lower-priced phones.

[Termite7]

We shall see!!!

[Lokotony]

It won't go down that far and earnings will beef it back up. This is just a blip AND MMs skimming off the top! You have to be able to see any given day, THEY decide where the market will be....Just look at last week, great CPI, red day, bad PPI, market green.

[Termite7]

Buying'll happen again after $103 ....2.or.3 weeks?....... Thanks!!!

[Alfonz66]

So everyone that bought in at the split are now losing money
I guess someone has to pay the top ones

[Termite7]

Large pull-back to $103??? ....Thanks!!!

[Lokotony]

We'll get back to where we were at earnings. What a crappy pullback! Puts had to have really made out!!!!!

[Nebuchadnezzar]

NVDA struggling to stay above $3T now
the next leg down is to to $2 trillion bc it doesnt even deserve to be valued at $1 trillion