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NVDA Semis in shambles Are you a buyer off the lifetime volume shelf?
By: Markets & Mayhem | July 2, 2022
• $NVDA Semis in shambles Are you a buyer off the lifetime volume shelf?.
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New Low for Semiconductors is Not Bullish
By: David Keller | July 1, 2022
Semiconductors are what I consider a "bellwether" group. These companies truly provide the backbone of the modern information economy, so, when these stocks are doing well, the economic conditions are most likely strong. The SMH is featured a number of times on my Mindful Investor Live ChartList, mainly because strong semiconductors usually mean strong stocks in general.
So what does it mean when these stocks are struggling?
While the Nasdaq 100 index made a slightly lower high in January, the semiconductor ETF (SMH) actually made a higher high in early January. That ended up being the peak for 2022 thus far, as the SMH has achieved a new low every month. This past week saw the semiconductor group drop leading into the long holiday weekend, while most stocks finished the day in the green.
2022 has been marked by support levels being established and then broken, indicating a persistent downtrend of price weakness. The chart of semis tells the story beautifully, with a resistance level around $250 that was actually first confirmed in early 2021. The SMH bumped up to that $250 level a number of times until it was finally eclipsed in June 2021. This price level then became support (a key component of the technical toolkit) with subsequent retests in August and October. This level was finally violated to the downside in April, followed by a number of brief rallies to test $250 from below.
Over the last four weeks, semiconductors have shown renewed downside strength as the SMH has now moved below $200. Note the bearish range of the RSI, which has failed to move back above the 60 level on short-term rallies. This is a classic indication of a bear market phase, with weak momentum showing that sellers are very much still in control.
Finally, we see the relative strength, which is in a confirmed downtrend. Along with most of the growth-oriented sectors and groups, semiconductors are underperforming the broader equity market indexes.
But what about individual semiconductor stocks? Are they telling us anything different? Well, not only does Nvidia Corp (NVDA) mirror what we've discussed thus far, but a Fibonacci analysis seems to confirm the bearish thesis.
If we use the March 2020 low and November 2021 high, then $232 represents a 38.2% retracement off the all-time high. NVDA made a number of attempts to break below this level, yet, in each instance, it was able to bounce higher. This finally failed in April as the stock moved on to the 50% level.
The stock broke down through the 50% level (around $200) and retested that level from below two times. This level also served as price support back in October 2021. So a failure at $200 was another negative confirmation.
Nvidia popped up off the $160 level in May and early June, which represented a 61.8% retracement of the previous bull cycle. This week, NVDA finally broke down through this final level of Fibonacci support. In the short-term, the next potential support range would be around $120, based on the low in 2020 and 2021. Below that? All the way to the March 2020 low around $45.
Semiconductors are a struggling group in a struggling sector. It's hard to imagine that our growth-driven benchmarks would be able to mount any meaningful participation from a bellwether group like semis. As long the SMH continues to make new lows, the chance of a bull market recovery remains quite low!
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Nvidia (NVDA) Sets New 12-Month Low Following Analyst Downgrade
By: MarketBeat | July 1, 2022
• NVIDIA Co. (NASDAQ:NVDA - Get Rating) hit a new 52-week low during trading on Wednesday after Bank of America lowered their price target on the stock from $270.00 to $220.00. Bank of America currently has a buy rating on the stock. NVIDIA traded as low as $151.72 and last traded at $152.36, with a volume of 262787 shares. The stock had previously closed at $159.82...
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Nvidia Stock On The Ropes As Semiconductors Leadership Tested
By: Chris Kimble | July 1, 2022
Active investors must understand the importance of market leadership, both on the way up and down.
And this is proving to be very accurate in the semiconductors sector. Semis played a huge role in the tech bull market, helping to push the NASDAQ Composite and Nasdaq 100 higher and higher over more than a decade.
But, as we have covered several times this year (click here for our latest article on the topic), tech turned lower late last year, and the semis were the warning as a leader to the downside.
So today, we look at a weekly chart of one of the largest semiconductor companies in the arena—NVIDIA (NASDAQ:NVDA).
NVIDIA Weekly Chart
As you can see, a bearish head and shoulders pattern has led to a steep decline. NVDA is now testing crucial dual support (long-term up-trend line and lateral support).
This feels like an important support test for the sector's leadership—and for the market as a whole. Stay tuned.
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NVIDIA Share Price Slump Inconsistent With Chipmaker’s Robust Sales
By: Investing.com | July 1, 2022
• Sharp slide in NVIDIA’s stock shows investors are already pricing in recession
• The chip industry is closely tied to economic cycles
• NVDA serves cloud computing and artificial intelligence, which are more resilient
NVIDIA's (NASDAQ:NVDA) spectacular fall from grace indicates that investors may already be pricing in a global recession. This year, the Santa Clara, California-based company has lost about 48% of its market value.
NVIDIA Weekly Chart
Among technology companies, chipmakers are some of the most vulnerable to the economy’s cycles, as they rely on demand from industries, such as cars, computers, and factory equipment.
The post-COVID global reopening has seen the sector enjoy over 20% increase in monthly sales for almost a year now.
However, as the US Federal Reserve embarks on one of the most aggressive monetary tightenings in the country’s history, those demand-supply dynamics could quickly reverse—especially if the economy dives into a recession.
NVIDIA’s broad-based selloff also has another factor. Last month, it said it expects that sanctions in Russia and ongoing COVID lockdowns in China will result in a $500 million hit in the current quarter.
But despite this widely anticipated downturn, some analysts are not yet convinced that market leaders, like NVIDIA, will be hurt as badly as the slump in their stock prices shows.
Most Resilient
Bank of America, in a note this month, named NVIDIA a top pick after its valuation became more compelling. According to the note, the company serves the most “resilient” industries, including cloud computing and artificial intelligence, industrial, electric vehicle, and driverless technology sectors.
It adds:
“In prior times, only a single end-market, say PCs or smartphones, would drive semis. Now there are multiple end markets served by a consolidated set of chip vendors, delivering proprietary products and generating solid FCF margins.
[...]Stronger pricing and more flexible hybrid manufacturing/use of outsourced foundries could also help reduce gross margin/FCF volatility of semis in the next inevitable downturn.”
Other Wall Street analysts also share these bullish views as they see value in NVDA stock after its slump.
In a poll of 46 analysts conducted by Investing.com, 34 gave the stock a “buy” rating with a consensus 12-month average price target of $252.10, implying over 66% upside potential.
NVIDIA Consensus Estimates
Source: Investing.com
Furthermore, NVIDIA’s recent earnings showed that the surge in semiconductor demand during the pandemic remains in place. Revenue gained 46% during the company’s first quarter that ended on Apr. 30, helped by the blistering 83% growth in the data-center unit.
Cloud providers are increasingly relying on NVIDIA’s processors to handle artificial intelligence, clear evidence that CEO Jensen Huang is succeeding in his push to transform the company from a niche graphics-card manufacturer to a chipmaking powerhouse.
Gaming revenue climbed 31% in the last quarter, while professional visualization sales rose 67%. A weak spot was automotive revenue, which declined 10%. Gross margins, the percentage of sales remaining after deducting production costs, were roughly 66%.
Bottom Line
NVIDIA may not escape the impact of a possible economic downturn but its diversified product offerings and lead in the data-center sector suggest that its sales will not suffer as badly as its current valuation implies.
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Siemens, a leader in industrial automation and software, infrastructure, building technology and transportation and NVIDIA, a pioneer in accelerated graphics and artificial intelligence (AI), today announced an expansion of their partnership to enable the industrial metaverse and increase use of AI-driven digital twin technology that will help bring industrial automation to a new level.
fyi, and yes they'll continue to build, just be clever when it's time to be clever... ANT
Nvidia (NVDA) Insiders cash out $40.5M
By: TrendSpider | June 20, 2022
• $NVDA Nvidia insiders cash out $40.5M.
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***Verifying: http://openinsider.com/search?q=NVDA
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$NVDA Coming into support from 150-122 area
By: Options Mike | June 20, 2022
• $NVDA Coming into support from 150-122 area. Not as weak as $AMD, Again watching for a bounce to the 8D.
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Nvidia Co. (NVDA) Receives Average Recommendation of "Buy" from Brokerages
By: MarketBeat | June 18, 2022
• NVIDIA Co. (NASDAQ:NVDA - Get Rating) has been given a consensus rating of "Buy" by the thirty-six ratings firms that are covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and twenty-one have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $270.97...
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Nvidia (NVDA) with an impressive bullish RSI divergence in the works
By: TrendSpider | June 17, 2022
• $NVDA with an impressive bullish RSI divergence in the works.
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Buying AMD and Nvidia in a Bear Market: What to Know Now
By: TheStreet | June 17, 2022
• AMD and Nvidia have been swallowed up in the bear market, with each stock declining at least 50%. Here's how to trade them now.
I am a firm believer in buying quality businesses when they go on sale. While emotions run high during bear markets and stock market corrections, that’s often the best time for long-term investors to start shopping.
If you’re an experienced trader or market speculator, then it may be best to trade with the trend. At this moment, that trend is lower. If traders don’t like shorting, they may very well wait for better trading conditions by waiting for a new uptrend to form.
Since trying to time the market is not a good idea, investors might consider a dollar-cost-average approach or another way to buy good companies at good prices.
I consider two such companies to be Advanced Micro Devices (AMD) and Nvidia (NVDA).
The two have both reported solid earnings results and both companies are forecast to continue driving earnings and revenue higher. That goes for this year as well as the out-years.
Economic contraction or not, these companies just aren’t feeling the pinch — at least not yet. Yet the two stocks have been cut in half from the all-time highs made in the fourth quarter.
These are moments to begin accumulating. For more precise technical analysis, let’s look at the charts.
Trading Nvidia Stock
Weekly chart of Nvidia stock.
Chart courtesy of TrendSpider.com
Let’s start with Nvidia, where the price action has not been encouraging.
After the stock’s big fall from the late-March high, a modest rally to the 10-week moving average rejected the stock as Nvidia now sits near the 2022 low.
From here, the bulls need to see Nvidia stock stabilize in the $155 to $160 area. If it can do that amid a bevy of bad news for the market, then we could have another bounce on the way.
Specifically, a rally could send Nvidia back to the 10-week moving average, followed by the $195 area. This zone rejected the stock earlier this month. Above that and $208 to $215 could be on the table.
On the downside, a break of $150 could open the door to more selling pressure. Specifically, it could put the $115 to $125 level in play.
Near that zone we find a number of notable measures, including the 2021 low and the 200-week moving average. There’s also a downside extension level near this zone (at $130), while the 78.6% retracement is just below this area (near $110).
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NVDA Fresh Nvidia insider sales, -55% off ATHs
By: TrendSpider | June 17, 2022
• $NVDA Fresh Nvidia insider sales, -55% off ATHs.
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Nvidia (NVDA) 1.61 Million Share at $155.14 #darkpool print
By: Money Flow Mel | June 16, 2022
• $NVDA 1.61 million share #darkpool print at $155.14.
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NVDA 515K Share at $164.81 #darkpool print
By: Money Flow Mel | June 15, 2022
• $NVDA 515K share #darkpool print at $164.81.
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Thanks for the post regarding NVDA, DG.
The Motley Fool headline is somewhat misleading but the body of the article indicates that Wall Street is solidly behind the company's prospects.
Trueheart
1 Semiconductor Stock with 141% Upside, According to Wall Street
By: Motley Fool' | June 13, 2022
• This powerhouse is rapidly evolving beyond its roots in hardware.
The technology sector is heavily beaten down this year. The Nasdaq-100 index has fallen 30% year to date, placing it firmly in bear market territory as investors reprice their expectations for growth amid rapidly rising interest rates and geopolitical tensions.
When the market is this volatile, it can be hard to separate the high-quality opportunities from the stocks that could suffer even steeper losses. But taking note of Wall Street's recommendations can sometimes be a guiding light in difficult times, especially when they put forward a company with strong growth and big profits that is operating in one of the hottest industries in the world.
Semiconductor powerhouse Nvidia (NVDA 0.84%) ticks all the boxes, and here's why one Wall Street investment firm thinks its stock price could more than double in value from here.
Transitioning beyond hardware
The semiconductor industry is now one of the most important in the world. More of the economy continues to shift online, which means advanced computer chips are required to power data centers in addition to a growing number of devices consumers use to access the digital realm.
Gaming and data center remain Nvidia's two largest segments, accounting for 88% of its revenue in the recent first quarter of fiscal 2023 (which ended May 1). The data center segment is of particular note because it represents a piece of infrastructure that not only stores information, but can also analyze it to help companies extract valuable insights.
Thanks to advancements in chip technology like Nvidia's Grace architecture, enormous volumes of data can be processed and used to train artificial intelligence, and also to render digital twins of real-world assets. These digital twins can be built with Nvidia's Omniverse platform, a 3D rendering tool that is currently used by giants like Amazon to mimic its real-life fulfillment centers with millimeter accuracy. It helps Amazon carefully plan physical adjustments before spending time and money reconfiguring the actual floor plan.
That's important because Nvidia no longer wants to be known as a chipmaker alone, but also as a platform computing company. Its future extends beyond hardware. In another example, it has developed self-driving technology so powerful that it's being adopted by 35 different car manufacturers and will hit the road as soon as 2024. It's an industry that could be worth $2.1 trillion by 2030 -- five times the size of Nvidia's current market valuation, yet it's only one small area the company operates in right now.
A long-term growth story
Nvidia is a financial powerhouse and is experiencing a notable upswing in its annual revenue and earnings per share results. Fiscal 2022 was the company's biggest year ever, and it's set to back that up with an even stronger result in the current fiscal 2023, according to analysts' estimates. However, because the numbers continue to balloon, the rate of growth is expected to slow in fiscal 2023 compared to fiscal 2022.
Nvidia's annual non-GAAP earnings per share, which removes one-off costs and share-based compensation, continues to set all-time highs. And in the first quarter of fiscal 2023, the metric jumped 49% compared to the year-ago period. That was after deducting a one-time, $1.35 billion charge from its failed acquisition of SoftBank's Arm holdings due to regulatory challenges.
Yet as mentioned, Nvidia might be on the cusp of a new phase of growth in the coming decade from its smaller segments, which are still in their infancy compared to its booming gaming and data center businesses.
Wall Street is on board
Given Nvidia's prospects, it's not surprising that Wall Street investment analysts maintain a bullish tone even in the face of the broader sell-off in the technology sector, which has helped push the stock down by 51% from its all-time high. Of the 47 analysts who cover Nvidia, just one recommends selling.
But one firm, in particular, Tigress Financial Partners, thinks the stock price could soar to $410, which represents 141% upside from where it trades today.
Yet as Nvidia continues to drive advancements in the most exciting areas of the technology sector, there's an argument to be made that Tigress' price target might actually be conservative over the long term.
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$NVDA $AMD $MRVL to me best in breed in semis
By: Options Mike | June 12, 2022
• $NVDA $AMD $MRVL to me best in breed in semis.
Failed @ 190.. 155 huge level.
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Insider Selling: Nvidia (NVDA) EVP Sells 23,644 Shares of Stock
By: MarketBeat | June 9, 2022
• NVIDIA Co. (NASDAQ:NVDA - Get Rating) EVP Debora Shoquist sold 23,644 shares of NVIDIA stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $188.23, for a total value of $4,450,510.12. Following the completion of the transaction, the executive vice president now directly owns 186,476 shares in the company, valued at $35,100,377.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link...
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$NVDA inching closer to a breakout as MACD curls
By: TrendSpider | June 9, 2022
• $NVDA inching closer to a breakout as MACD curls.
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Nvidia AH's 846,699 Shares at $189.26 #darkpool activity
By: Money Flow Mel | June 7, 2022
• Working from the app tonight since I am out of town. Here are some of the larger #darkpool prints catching my attn.
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This Chip Stock (NVDA) Is One of the Best to Own in H2
By: Schaeffer's Investment Research | June 7, 2022
• The equity is clinging to a 6% 12-month lead
• Nvidia stock has seen big returns during the back half of the year, historically
Chipmaker Nvidia Corporation (NASDAQ:NVDA) hasn't been immune to the drubbing tech stocks (as well as the broader market) have faced so far this year. The security has lost 36.3% so far in 2022, though it sports 6.4% lead over the last 12 months. The $160 level kept the equity's recent pullback in check, while the stock's 30-day moving average has recently stepped in as a floor on the charts. Even better, Nvidia stock is a noted outperformer during the second half of the year, making now a good time to speculate on even more upside for the shares as 2022 marches on.
Specifically, the security just landed on Schaeffer's Senior Quantitative Analyst Rocky White's list of the best performing stocks during the second half of the year, going back 10 years. According to this data, eight out of the last 10 of NVDA's H2 returns were positive, with the shares averaging an impressive 32% return during that time period. A similar move from its current perch of $187.51 would put the equity at just above the $247.50 region, which hasn't been touched since early April.
An unwinding of pessimism in the options pits could put additional wind at the equity's back. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), NVDA sports a 50-day put/call volume ratio that sits in the 92nd percentile of its 12-month range. This means puts are being picked up at a quicker-than-usual clip.
It's worth noting that NVDA's Schaeffer's Volatility Scorecard (SVS) ranks at 96 out of a possible 100. This means the stock tends to exceed options traders' volatility expectations -- a boon for buyers.
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Nvidia and AMD Graphics Cards Shipments Rise 32% in 2022 - Reports
By: Investing.com | June 7, 2022
According to a report by tech website Tom's Hardware, there has been a significant rise in value and product volume in the discrete graphics card market over the past year, favoring consumers.
The article says that discrete graphics card shipments from AIB partners surged, with John Peddie Research reporting a 32.2% year-over-year increase in overall shipments from Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD).
While shipments rose, AIB market value fell from $12.4 billion down to just $8.6 billion due to lower GPU prices.
In addition, the market share between AMD and Nvidia is also said to have changed during the past year.
"In Q1 of 2021 AMD had a 20% market share in the discrete GPU market, with Nvidia at 80%. In Q1 of 2022, market share shifted towards AMD a little bit, with AMD now at 24% market share and Nvidia at 75%," wrote Tom's Hardware journalist Aaron Klotz.
While the change isn't significant, it is a win for AMD as the company has struggled to gain a share of the GPU market front for years.
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Cathie Wood & Ark Invest's Buys 20,593 Shares of Nvidia (NVDA)
By: Ark Invest Daily | June 6, 2022
• Cathie Wood & Ark Invest's trade activity from today 6/6.
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Nvidia close (last 100 trades) flow:
By: Unusual_whales | June 6, 2022
- Put/call ratio: 0.936, call premium: 108M
- Avg 3d call volume: 310K, Fri: 300K
- Avg 3d put volume: 205K, Fri: 281K
Premium:
- 5K: 59%
- 15K: 39%
- 30K: 49%
- : 06-10 expiry, $200 strike
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$NVDA another Semi that has been leading. pushes over 195 and 200 Next big spot
By: Options Mike | June 5, 2022
• $NVDA another Semi that has been leading. pushes over 195 and 200 Next big spot.
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Nvidia (NVDA) Larger AH's 2.65 Million Shares at $187.20 #darkpool activity
By: Money Flow Mel | June 3, 2022
• $NVDA Larger AH's 2.65 mil shares at $187.20 #darkpool activity.
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Nvidia, ON Semi, AMD Among Bank of America's Top Chip Stocks
By: TheStreet | June 3, 2022
• Chip stocks have 23% free-cash-flow margins, making them more than twice as profitable as S&P 500 stocks, Bank of America analysts say.
It’s been a rough 2022 for semiconductor stocks amid fears of a sharp economic slowdown that would depress chip demand.
The PHLX Semiconductor Sector index has dropped 22% year to date.
But Bank of America analysts see some reasons for optimism.
“Macro factors can enhance stock volatility,” they said in a commentary. But “the recent 36% peak-to-trough [price-to-earnings-multiple] contraction in the semiconductor index (versus a 27% downturn historically) already reflects a medium-sized recession,” the analysts said.
“Meanwhile, chip stocks are generating 23% free-cash-flow margins,” which makes them more than twice as profitable as S&P 500 stocks.
“While semi demand is cyclical, with the exception of 2012, semi sales have always had positive year-on-year growth as long as global GDP growth stayed above 3%,” the analysts said.
That’s now the case, with growth estimated at 3.3% for 2022 and 3% for 2023, the analysts said.
Further, “in prior times, only a single end market, say, personal computers or smartphones, would drive semis,” the analysts said.
“Now there are multiple end markets served by a consolidated set of chip vendors, delivering proprietary products and generating solid free-cash-flow margins.”
Bank of America's top pick for large-cap chip stocks is Nvidia (NVDA). Its top small-to-mid-cap pick is ON Semiconductor (ON).
The analysts’ top picks according to theme are:
Cloud: Nvidia, Advanced Micro Devices (AMD) and Marvell Technology (MRVL).
Automobiles: ON, Analog Devices (ADI) and NXP Semiconductors (NXPI).
Capital Expenditures: KLA (KLAC), GlobalFoundries (GFS), Applied Materials (AMAT), Lam Research (LRCX) and Teradyne (TER).
Morningstar's Take on Nvidia...
Morningstar analyst Abhinav Davuluri assigns the company a wide moat and puts fair value for the stock at $200, 5% above a recent quote of $190.
“Management [has] noted second-quarter revenue will be negatively affected by $500 million to account for covid-19 lockdowns in China and the stopping of sales to Russia,” he wrote in a commentary.
Despite that obstacle, “we view Nvidia as our top fabless semiconductor pick, as we think the firm’s data-center business will prove resilient to macroeconomic headwinds.”
Overall, “Nvidia is the top designer of discrete graphics processing units that enhance the visual experience on computing platforms,” Davuluri said.
...and on ON Semi
Morningstar analyst William Kerwin gives the company a narrow moat and puts fair value for the stock at $67, 6% above a recent quote of $63.
“On Semi’s strong first-quarter results reaffirmed our confidence in management’s long-term vision for realigning the company toward stronger growth and profitability,” he said in a commentary.
“We think the firm’s focus on differentiated solutions for electric vehicles, autonomous vehicles, and renewable energy infrastructure is being rewarded on the top and bottom lines.”
Further, “we think investment in silicon carbide, while already reaping results, will pave [the way for] long-term growth.”
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$NVDA They are adding ABOVE THE ASK in to the 06/03/22 $200 CALLS at HOD
By: Money Flow Mel | June 2, 2022
• $NVDA They are adding ABOVE THE ASK in to the 06/03/22 $200 CALLS at HOD.
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$NVDA SIZE ~ 936K Shares at $182.92 #darkpool activity
By: Money Flow Mel | June 2, 2022
• $NVDA SIZE #darkpool activity ~ 936K shares at $182.92.
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$NVDA Nvidia Director cashes out $51.1M
By: TrendSpider | June 2, 2022
• $NVDA Nvidia Director cashes out $51.1M.
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***Verifying: http://openinsider.com/search?q=NVDA
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Nvidia Is Named a Top Semi Stock at BofA. Here’s What It Likes About the Stock
By: Barron's | June 1, 2022
Chip maker Nvidia NVDA –1.89% could benefit from growth in a number of areas, according to one analyst at BofA Global Research, which said the stock was its top large-cap sector pick.
Vivek Arya wrote in a research note that Nvidia (ticker: NVDA), as well as fellow semiconductor businesses Marvell Technology MRVL –1.88% (MRVL) and Advanced Micro Devices AMD –0.63% (AMD), can all greatly benefit from the continued growth in cloud computing, among other factors.
Arya also chose On Semiconductor (ON) as his top small- to mid-cap pick, saying the company would benefit from its automotive technology.
Arya wrote that in the past semiconductor companies had fewer drivers than they do now, such as computers and smartphones. Now “there are multiple end-markets served by a consolidated set of chip vendors, delivering proprietary products and generating solid FCF [free cash flow] margins.”
“Our top picks serve end-markets where we expect spending/content growth drivers to be most resilient, such as in cloud computing/AI, high-end industrial, EV/advanced driver assist systems and in rising chip complexity,” Arya wrote.
“Semis look compelling on a relative basis vs. industrial/Infotech stocks in the SPX [S&P 500] and catalysts such as easing of China lockdowns could help re-energize investor interest back in the sector,” Arya wrote.
Shares of Nvidia were down slightly to $186.61 on Wednesday. The stock has fallen 36.6% in 2022.
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Why AMD and Nvidia Investors Should Be Excited This Week
By: Motley Fool | June 1, 2022
• These two semiconductor giants are ones to hold long.
On Monday, May 30, Advanced Micro Devices (AMD -0.63%) announced that Frontier, a supercomputer powered by AMD's CPUs and GPUs, is the world's fastest supercomputer. The announcement also highlighted the use of AMD's products by some of the world's strongest supercomputers. On the same day, Nvidia (NVDA -1.88%) announced that numerous companies are adopting its Grace Superchip, a product not expected to be released until early 2023. Today's video focuses on how these recent announcements affect future growth potential for AMD and NVDA.
*Stock prices used were the marker prices of May 31, 2022. The video was published on May 31, 2022.
$NVDA 250K Share at $185.19 #darkpool print
By: Money Flow Mel | June 1, 2022
• $NVDA 250K share #darkpool print at $185.19.
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The "Bad News Bears" have control of this market now. The tiniest bit of bad news sends the market down.
It will take some really good news to get the bulls back in control. I just don't see it happening for quite some time.
NVIDIA is not looking too bad today considering the market.
$NVDA 4.24 Million Share at $186.71-.72 #darkpool prints
By: Money Flow Mel | May 31, 2022
• $NVDA 4.24 million share #darkpool prints at $186.71-.72.
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Feels like stealing when you get shares at 150 area lol.
$NVDA Weak guidance overcome for now. 200 area next big resistance if it wants more
By: Options Mike | May 30, 2022
• $NVDA Weak guidance overcome for now. 200 area next big resistance if it wants more.
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Cathie Wood's ARK Invest Buys 361,995 More Shares of Nvidia (NVDA)
By: Ark Invest Daily | May 27, 2022
• Cathie Wood & Ark Invest's trade activity from today 5/27.
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Unbelievable they sold me some 150's yesterday afterhours, do ur dd and STICK with it, and be patient, nvda is a leader for cr.... o.. l..., yup, ANT
I will buy more shares tomorrow, but ease into it.
Trueheart
beating analysts' expectations on revenue and earnings per share, but falling short on Q2 estimates. NVDA will see $8.1 billion in the upcoming quarter, while Wall Street was expecting $8.44 billion. Nvidia says it will miss out on some $500 million in revenue in the quarter due to the war in Ukraine and the impact of COVID lockdowns in China
fyi, gonna buy me some more from the ai leader, peace, out, ANT
Nvidia (NVDA) Price Target Cut to $190.00
By: MarketBeat | May 19, 2022
• NVIDIA (NASDAQ:NVDA - Get Rating) had its price objective dropped by Wedbush from $300.00 to $190.00 in a report released on Thursday, The Fly reports. Wedbush's price target would suggest a potential upside of 12.83% from the stock's previous close...
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Nvidia 680K Share at $162.87 #darkpool print
By: Money Flow Mel | May 20, 2022
• $NVDA 680K share #darkpool print at $162.87.
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Can Nvidia Bounce Back
By: Schaeffer's Investment Research | May 19, 2022
Shares of Nvidia Corp (NASDAQ: NVDA) slipped more than 6.8% on Wednesday, to a value of $169.38, during what turned out to be a rather inexorable day on the trading floor. Indeed, every index suffered overall losses with the NASDAQ closing down more than 5%; the Dow Jones Industrial Average and the Standard & Poor's 500 each fell 4.04% and 3.57%, respectively. The Dow finished the day at 3,923.68 while the S&P finished at 31,490.07. Trading volume on the day held at 54.1M, which is still 2.4 million below the 56.5 million 50-day average volume.
Shares of Nvidia Corp (NASDAQ: NVDA) slipped more than 6.8% on Wednesday, to a value of $169.38, during what turned out to be a rather inexorable day on the trading floor. Indeed, every index suffered overall losses with the NASDAQ closing down more than 5%; the Dow Jones Industrial Average and the Standard & Poor's 500 each fell 4.04% and 3.57%, respectively. The Dow finished the day at 3,923.68 while the S&P finished at 31,490.07. Trading volume on the day held at 54.1M, which is still 2.4 million below the 56.5 million 50-day average volume.
NVIDIA Underperforms Even Against Competitors
The decline of NVDA stock was among the worst performer in the NASDAQ index. Competitors like Microsoft (MSFT), Intel Corp (INTC), and Texas Instruments (TXN) were all down at the end of the day. Texas Instruments had the smallest drop, of nearly 2.7% to $170.30 while Microsoft saw a 4.55% drop to $254.08. Finally, Intel Corp fell more than 4.6% to $42.35.
For Nvidia Corp, though, the day was not a satisfying one. As such, on Wednesday NVDA closed $177.09 below its 52-week high of $346.47 (reached on November 22, 2021). Accordingly, Nvidia shares have slipped as much as 50% from its record high share price of $346, from last year. Currently, the Nvidia share price has a value of $177.
Why Nvidia is Struggling
Nvidia is probably most commonly known as a manufacturer of graphics processing units (GPUs) that make PC video gaming possible. Unfortunately, a decline in prices for these products could present a near-term risk to one of Nvidia's biggest revenue sources. As a matter of fact, gaming remains the largest segment for the company. Last year, alone, Nvidia's gaming revenue grew by 61% year-over-year, to $12.4 billion.
But while the overall growth in this segment is excellent, declining sale prices could put a damper on things. During the pandemic, a microchip shortage shot selling prices for items like upgraded GPUs through the roof. Indeed, prices for both Nvidia's GeForce RTX 30 series and also the Radeon RX 6000 series from Advanced Micro Devices had been on an upward trend throughout all of last year. Since the start of 2022, however, GPU prices started to drop.
In addition to this, two major global events have created major obstacles for various industries and including chip makers like Nvidia. For example, China's largest chipmaker, Semiconductor Manufacturing International Co (SMIC) has warned of a massive drop in both smartphones and personal computers. Primarily, SMIC CEO Zhao Haijun notes that COVID lockdowns across China and also the Russian invasion of Ukraine have destroyed demand for approximately 200 million smartphone units.
While SMIC and Nvidia are two separate companies (operating in two different countries), SMIC's struggles could easily spell out an equally difficult fate for Nvidia. Indeed, there is a chance that SMIC could be just a microcosm in China for what could become a much larger complication in the global market.
This Cloud Has a Silver Lining
Finally, some analysts have noted that Nvidia stock is trading at a somewhat attractive price-to-earnings ratio of 31.5. More importantly, perhaps, some analysts also expect Nvidia to grow its earnings at a 30% compound annual rate across the next half a decade.
On top of this, the market anticipates that Nvidia will deliver a YOY increase in earnings on notably higher revenues when it releases its Q1 2022 earnings report. With the first quarter ending in April, Nvidia is expected to release its new earnings report on May 25, 2022. If the key numbers in the report are better than analysts expected, the stock could see a bump in value. Of course, that also means the stock could slip even further if the numbers fail to meet expectations.
That said, analysts do expect the gaming and artificial intelligence graphics chip maker will post quarterly earnings upwards of $1.30 per share in that coming report. This incline represents a positive YOY change of 41.3%. Similarly, revenue is expected to reach $8.12 billion, which would be a YOY increase of 43.4% on the quarter.
All this in mind, analysts are a bit cautious about Nvidia stock for the time being. For those who may be interested in acquiring a few shares, it may be best to wait til the end of the month, after the release of their earnings report, to be certain it will move favorably towards the end of the year.
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$NVDA Bullish RSI divergence on the daily
By: TrendSpider | May 16, 2022
• $NVDA Bullish RSI divergence on the daily.
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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.
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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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