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PPT can pump NVDA a little but bottom line look at Apple and IPhone 16 sales just gives you a precursor to holiday sales not going to be pretty if this keeps up…
. Barclays sees muted demand for iPhone 16
With these headwinds, Barclays maintains its Underweight rating and $186 price target on Apple, suggesting that iPhone 16 demand may continue to lag unless sell-through improves in the coming months.
Barclays analysts said in a note Monday that they see muted demand for Apple's (NASDAQ:AAPL) iPhone 16 based on shorter lead times and channel checks during the first week of pre-orders.
According to Barclays, the early signs are "not encouraging," as both the Pro and base models have seen a weaker response compared to last year's iPhone 15 launch.
The note highlights significantly shorter wait times across key geographies, particularly for the iPhone 16 Pro models.
In the U.S., the iPhone 16 Pro Max’s lead time during the first week was just 26 days, compared to 41 days for the iPhone 15 Pro Max. Barclays adds that similarly, the iPhone 16 Pro had an 18-day wait, down from 25 days last year.
In China, where demand is considered a crucial indicator for Apple, the iPhone 16 Pro Max wait time is said to have dropped to 18 days, from 36 days for the iPhone 15 Pro Max.
Barclays believes the shorter lead times and lower demand signal "weaker than expected demand, especially across the US and China," where consumer spending has softened.
Additionally, global pre-order units are estimated to be down by mid-teens percentage year-over-year, according to the firm's supply chain contacts.
The roll-out of Apple Intelligence, a key feature for the iPhone 16, is delayed until 2025 for markets like China and parts of Europe. Barclays believes the delay could dampen enthusiasm for the new model.
The bank also pointed out that the earlier iPhone launch gives Apple two extra days of sales for the September quarter, but this is unlikely to offset the weaker demand trends
As will everything else
Not going to talk politics with someone who is obviously short sighted and wrong this is not the place for it. IMO, Jerome Powell is the best and brightest Fed chair we have ever had. All of the moves he has made so far have been spot on. Back in 2020 you probably said the same thing
The last two times the Fed reduced rates by 50 basis points we ended up with a recession. It all will be decided by the election imo and if we go left we go down.
I hope you realize that this is a good move on the company’s part. Interest rates are starting to move down. The fed cut 50 BP on Wednesday and have signaled many more to come. That makes these financial buys very smart and will start to be profitable very soon in my opinion!
NVDL starting lower today so PPT can pump markets first thing. Get out quick exit strategy $118 target
That’s no way to run a business. Customers have memories and why piss off your customers? That would just give them incentive and purpose to warm up to our competitors…..whether our product is superior, or not. Horrible idea.
Can you imagine the losses that come from dusty inventory that will NEVER be used?
What about revenue interruptions while the wait is on for the latest and greatest?
This is only part of what is hidden as
“Unrealized losses”
Did you know?
Publicly held companies like NVDA underreport certain aspects that would cause a sell-off
This will be a reckoning soon!
For instance-
Unrealized losses on investment securities for US banks reached $512.9 billion in Q2 2024.
This is 7 TIMES higher than at the peak of the 2008 Financial Crisis.
Q2 2024 also marked the 11th consecutive quarter of unrealized losses as interest rates continued to pressure the economy.
More to come…
What I have read the numbers are monthly. It wouldn't make sense for and annual volume. They would never come close to satisfying demand and lose a lot of business. I had read starting 40k/mo starting end of year and doubling in 2025
Demand for NVDA Blackwell rising by the day. They should have Priority 1 and Priority 2 waiting list. Priority 1 should have 20 % higher price. This will solve the problem (and more money for us).
Does some one knows production capacity of Blackwell (they are 2 or 3 m each). One place I read 50 to 70 K per year. Another place I read 50 K per month (big difference between two). Which one may be more correct. Thx for early reply.
After a huge week for the markets NVDA IS still not breaking out, and I still think we see 90s again
Am I seeing this right? I'm showing after hours volume of over 51M shares. That is an unusually very large volume for Nvidia. The potentially good thing is that it is green even though not much of an increase.
In Zacks article today they came out with a hold on Nvdia. Zacks typically gives more of a short term perspective on stocks. It goes along with my current feeling about the near term. I still feel barring any negative news that Nvidia will perform much better in the first two quarters of 2025. Until then, I'm not expecting much and hoping it won't go below 100. I still think even in the first two quarters the stock won't go much above 135-140. For it to get higher, something great has to happen in the last quarter of this year.
They sure don’t want the working man making any money down again
NVD* up 3.5% today vs NVDA
ETF SKRE up 3.26% today (my "short position" )
Not wise? Weird
Have a great weekend!
Shorting banks, when all of the central bankers began and continued to raise rates would probably have been a wonderful idea.
Shorting banks. after all of the major central bankers have been lowering rates does not strike me as brilliant or even a tiny little bit wise.
But, GLTY
tw and Bountiful both have their finger on the pulse of this market that is in crisis. (Unbeknownst to most).
I appreciate them both and agree completely.
Trade the crap out of this victim of a market.
Valuations and accurate reporting have never been more important to this OLD trader and you wont get that from these fraudulent practices especially regarding "Unrealized Losses"
I'm short banks.
GL
And Wall Street will continue to do that through the election cycle and deal with the consequences after.
stagflation is unavoidable now bc of the 50 bip cut
wall street is using/pumping AAPL MSFT GS CAT UNH META NVDA to prop up all the major averages
Great informative post. Very well written and the conclusions about the banks and lending tightening up are spot on, in my opinion.
NVDS almost $38 cash out rest NVDA $115s here better hope this holds
The Great Cashout—Jeff Bezos, Leon Black, Jamie Dimon, the Waltons ...
CEOs, founders, and heirs are selling stock by the bucketload in the companies that made them billionaires. Reason to panic??
Make no mistake. 50bps cut, is a panic cut. So, why did the Fed panic?
Most likely, there were four reasons:
The Fed is racking up massive losses.
Political pressure to not crash the markets before the Presidential elections on November 5 (last FOMC meeting before).
The Federal Reserve is genuinely worried about the economy, but especially about debt levels.
Banking sector fragility.
Like I noted two weeks ago, the Fed is accumulating massive losses from its holdings of Treasuries and corporate bonds. This is because it has bought them when they were much more expensive (rates were lower). When rates rose, the value of Treasuries collapsed, generating heavy losses for the Fed.
Monthly summation of remittances of the Federal Reserve due to the Treasury. Source: Miguel Castro and Samuel Jordan-Wood.
So, the one reason the Fed wants to lower rates (to increase the value of Treasuries) is because it wants to save its own *ss, by increasing the value of the Treasuries it holds. A central bank that holds large quantities of government bonds is never even semi-independent, because their value dictates the credibility of the Bank. The Fed tried to go around this problem by labelling the losses as deferred assets. That is, it marked losses as “assets” in its balance sheet. It is obvious that such blatant accounting fraud can fly only for so long. So, the Fed needed to cut to ease the financial burden, on itself.
Markets were expecting a 50bps cut, and so were some of the politicians. However, in actuality, a 50bps cut may turn up badly for the markets, because it signals that the Fed sees some serious weakness in the economy.
I concluded my last weeks piece by noting:
Banks seem somewhat optimistic and they have eased lending standards. There is not much room for leveraging among corporations and especially among households, though, which shows in the stagnation of borrowing. This indicates that the optimism among banks is likely to be a “false positive”. Their optimism can, for example, be based on the assumption that the Fed easing would create favorable conditions for an economic recovery. Due to the very high level of indebtedness of households and corporations, I consider this to be unlikely. This implies that we could see, possibly a drastic, turn into re-tightening of lending standards and softening of credit demand in the coming quarters.
I think this is the risk the Fed is seeing. There is simply too much private and federal debt and if rates stay high, defaults will start to roll in, with also the likelihood of U.S. sovereign debt rising. This would hurt the economy badly.
U.S. banks continue to struggle under a gargantuan amount of unrealized losses. They arise mostly from the same source as with the Fed, i.e. from Treasuries losing value, en masse. We also noted in the August World Economic Outlook of GnS Economics that the outflow of core deposits seem to have re-started. Deposit outflow is a major risk for the banking sector, because it implies waning trust and, as banking is a business of trust, waning trust implies growing fragility in the banking sector. The Fed cannot stop the outflow of deposits, but it can try to diminish the unrealized losses by cutting interest rates, and hoping that Treasury yields follow. At the time of writing, this was not going well with, e.g. the yield of U.S. 10-year Treasury note shooting up. This is an (early) indication that the bond market now expects inflation to pick up.
Core deposits in the U.S. banking system. Source: GnS Economics, FDIC
Alas, the Fed eased heavily, because of the losses it and U.S. banks are accumulating and because it sees the risk of the economy breaking. These are not encouraging signs.
https://www.zerohedge.com/markets/fed-pivots-panics
NVDS $37.29 flip out most let some ride for $115s
Back to $113s hopefully holds down there for now
NVDS $36s look ok. Keep in mind first few minutes funds buy stocks at highest price for 401k holders then we should see a pullback
Today's "Quad Witch" OpEx $4.5 trillion in options and derivatives and futures are set to mature according to Goldman, making it the largest September expiry of all time. The options expiry coincides with the rebalancing of benchmark indexes. The event has a reputation for causing sudden price moves as contracts disappear and traders roll over their existing positions or start new ones"
https://www.zerohedge.com/markets/futures-fall-fed-frenzy-fades-and-traders-brace-45-trillion-quad-witch-opex
NVDA Catalysts - I know Blackwell delivery start is a pretty good catalyst. Is there any other catalyst before this ?
NVDS short side at play. All eyes on Apple Store sales for 16 start today. Markets can start falling as Apple sales bellwether for the Giant 7 NVDA GOOG MSFT AMZN….
Doesn't look good for today. Looks like it's gonna lose a lot of yesterday's gain. I still don't feel this stock will get above 120 for some time. Maybe in May or June of 2025. Market isn't going to be happy with just beating estimates. They still expect huge estimate beats which isn't realistic. Most likely will exceed estimates but not enough to drive the stock past 120. So I'll just hang tight until then.
Volume was definitely way lower than the daily average.
I was a little disappointed the volume wasn't higher. It seems like people/funds/institutions are holding back.
👍. NVDA looks great for another 2 to 3 years.💰
The key to what you said, " the Fed really set things up in a big way". Yes they did, and I dont believe that is accidental.
That’s the nicest FOAD post that I have ever seen at any chat site.
Very well done!
Today is all sugar buzz for the whole market
Your wisdom and insight is incredible. Perhaps you can share your wonderful knowledge on other boards. Have a good day.
Good call but for those that jumped in at $120 still haven’t gotten excited I’m sure
Many “Newbies” might have waited to buy until after the split - considering that NVDA’s past stock price movement went down after a split occurred.
The stock did get down into the mid to high 90’s. Perhaps they waited until then to buy and are now realizing a gain.
120.00 was where the split was so all the newbies are still down
No excitement yet
The second part of that equation (FOMC + BOJ) should be revealed this evening. Then the chart has relevance. Historically, upon FOMC + BOJ policy collision, the USDJPY implodes shortly thereafter. That would reignite "forced" JPY carry trade unwinding.
Get OpEx out of the way this week, along w/ BOJ policy decision then watch what happens.
The market is in supernova mode ahead of the BOJ tonight. Market may or may not, churn for a few days. In any event, the market will fall off the cliff soon. The Fed really set things up in a big way this time. Get the popcorn out and watch the fireworks.
All my opinion of course.
what are you looking at ?????
RATE CUTS NO HELP!!!!!!!!!!!!!!!!!!!!!!!!!! INDIVIDUALS CRUSHED AND DAMAGE ALREADY DONE WITH THE HIGH INTEREST RATES ON EVERYTHING!!!!!!!!!!!!!!!!!!!!!!! MAUHAHAHAHAHAHAAAH!!!!!!!!!!!!!!!!!!!!!
CA CLUNK!!!!! SAME HEAD FAKE EVERYONE ALLWAYS FALLS FOR!!!!!!! DROP CITY!!!! BLAHAHAHAAHAAHHAHAHAHA!!!!!!!!!!!!!!!!!
HERE COMES THE DUMP!!!!!!!!!!!!!!!!!!!!!! THIS IS CALLED A DEAD CAT BOUNCE!!!!!!!!!!!!!!!!!! OR DEAD TURD BOUNCE!!!!!!!!!!!!!!!!!!!!! MAUHAHAHAHAHAHAHAHAHAHAHAAH!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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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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