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A Deep Dive into NVIDIA's $960B Success Beginning their journey in a modest Denny's, Nvidia has skyrocketed to become a dominant force in the technology industry. Outshining major tech players, Nvidia's $960 billion market cap now overshadows Facebook ($665B), Tesla ($618B), and Netflix ($168B). It's their monumental growth that solidifies our confident and long-standing endorsement of Nvidia. Nvidia's Game-Changing Invention: The GPU Back in 1999, Nvidia transformed the technology landscape by introducing the world to the graphics processing unit (GPU). Their GeForce series swiftly emerged as a crucial asset for PC and console games requiring advanced graphics. Elevating GPU Programming: The Launch of CUDA Computing Platform Nvidia didn't halt their innovation at GPUs. In 2007, they unveiled the CUDA computing platform, which revolutionized GPU programming and led AI enthusiasts towards Nvidia's superior technology. A Nvidia representative noted, "We acknowledged early that accelerated computing was necessary to address the world's most pressing issues. Thus, we committed to crafting CUDA in its entirety, thereby bestowing millions of developers with the capability of general-purpose acceleration." GPUs & Generative AI: A Perfect Pair GPUs, as it turns out, are ideal for the rigorous data processing and model training needs of generative AI. Nvidia stands unrivalled in providing large memory chips, with their top-tier A100 series costing $10K each. Envisioning a CPU to Gen AI Shift: CEO Jensen Huang's Market Forecast Nvidia's CEO Jensen Huang anticipates a substantial shift in the trillion-dollar data center market: "Historically, data centers globally were 100% CPU-based. However, I predict that in the next 5-10 years, a large portion of this $1 trillion market will be dominated by gen AI." With the tech gold rush in full swing, Nvidia's GPUs are shaping up to be the most lucrative 'shovels' ever seen. Our unwavering support for Nvidia from the outset is a testament to their relentless innovation, risk-taking prowess, and strategic brilliance. They're not merely reshaping the future of technology; they are a shining example of the transformative power that aligns ambition, vision, and action.
NASDAQ:NVDA
by cryptohubble
$QQQ Outlook 05/30 - 06/02The tech sector is on a tear. NASDAQ:NVDA earnings set the tone last week and the AI craze is on. NASDAQ:QQQ had a bullish week, closing up +3.53%, bringing it up +8.76% on the month. Strong earnings, job cuts, and developments in AI technology has sent the sector higher. Technical Analysis: The last two weeks saw NASDAQ:QQQ break out of the rising wedge we were watching. Last week’s high signaled a test of a bullish channel. This channel uses the same uptrend support line we’ve been watching since the beginning of March. We are looking to see if this continues higher, or if the channel resistance is respected. My general lean for this week is bullish, although after last week’s incredible run, I do expect a bit of a retrace before we head higher. A healthy pullback is due so we can continue to move up this channel. I would be bullish if price action can continue to hold above last week’s close of 348.40. Bear case if we can break below last week’s open at 336.25. I’d expect a bounce here as it is in the golden pocket (0.618 retrace would be 337.08), but if we cannot hold this level, we could target the gap to fill below down to 332.91 which would invalidate the golden pocket. Upside Targets: 348.40 → 349.25 → 350.72 → 352.46 → 354.43 Extended: 356.78 Downside Targets: 346.38 → 344.57 → 341.31 → 338.19 → 336.25 Extended: 334.35
NASDAQ:QQQLong
by peterjames_6
$SPY Outlook 05/30 - 06/02With a tentative agreement to raise the debt ceiling reached over the weekend, we now look to see how the markets react when it is voted on later this week. Technical Analysis: The megaphone pattern we’ve been watching all month is still in play. We also have the macro uptrend line that we have not tested since March. My general lean for this week is bullish. Bulls will want AMEX:SPY to hold above last week’s open at 418.64. Barring any additional news, I’m expecting us to fill the gap above to 420.77 - 421.22 when markets open on Tuesday. I do see a 15 minute Fair Value Gap around last week’s open at 418.64 where we could potentially form a support base before we head higher into the 423-425 range. Although I can see the market moving higher in the short term, I’d expect some corrective action in the coming weeks. Bear case if we fail to hold the 418.64 level, we could potentially retrace to the 0.618 fib at 414.04. Should we invalidate a golden pocket bounce, our next support zone would be the daily gap under the 50 SMA from 409.87- 407.27. Under this… megaphone plays out and we test the macro support trendline. Upside Targets: 420.77 → 421.22 → 421.97 → 422.82 → 423.54 Extended: 425.26 Downside Targets: 418.64 → 417.30 → 416.25 → 414.94 → 414.15 Extended: 408.87
AMEX:SPYLong
by peterjames_6
AI Shaping the Market Landscape of 2030-sDear @TradingView , Today, I would like to share some observations regarding the S&P Composite index that highlight a repeatable market cycle. It is evident that this cycle consists of a 30-20 year period of Economic Growth, followed by a subsequent phase of 15-10 years characterized by Downturn or Sideways movement. By examining the historical data, we can identify patterns that shed light on the cyclical nature of the market. Throughout history, the market has experienced periods of significant economic expansion, often driven by transformative inventions and advancements. These innovations, such as sailing, engines, railroads, electricity, medicine, computers, the internet, smartphones, fertilizer, and artificial intelligence, have played pivotal roles in shaping positive market trends. Each breakthrough has had a profound impact on various industries, driving productivity, and spurring economic growth. Sailing: Pioneering Global Trade (Timeline: Ancient Times) Sailing, one of humanity's earliest inventions, opened up new avenues for exploration and trade. The ability to traverse vast distances by sea connected civilizations, facilitated the exchange of goods, and laid the foundation for early economic systems. Engines: Powering Industrial Revolution (Timeline: 18th-19th Century) The invention of steam engines during the Industrial Revolution revolutionized manufacturing and transportation. Steam-powered engines enabled the mass production of goods and led to the creation of railways, powering economic growth and fostering global trade networks. Railroads: Connecting Nations (Timeline: 19th Century) The advent of railroads marked a monumental shift in transportation. The construction of railway networks facilitated efficient movement of goods and people, enabling rapid industrialization and spurring economic development across continents. Fertilizer: Revolutionizing Agriculture (Timeline: 19th Century) The development and widespread use of fertilizers marked a significant turning point in agricultural practices. During the 19th century, scientists discovered the importance of essential nutrients for plant growth. The invention of chemical fertilizers allowed farmers to replenish soil nutrients, thereby increasing crop yields and transforming agricultural productivity. The widespread adoption of fertilizers revolutionized global food production, ensuring food security and supporting population growth. Electricity: Illuminating a New Era (Timeline: Late 19th Century) The discovery and harnessing of electricity ushered in a new era of innovation and productivity. Electric power revolutionized industries, enabling the mass production of consumer goods, while also transforming communication and lighting systems, contributing to economic growth. Medicine: Advancing Healthcare (Timeline: 20th Century) Medical advancements, such as vaccines, antibiotics, and improved surgical techniques, have significantly improved public health and increased life expectancy. These breakthroughs not only saved lives but also led to increased productivity and economic stability. Computers: Automation and Digital Revolution (Timeline: 20th Century) The invention of computers and subsequent advancements in computing technology revolutionized the way we work, communicate, and process information. Automation, data analysis, and improved efficiency in various sectors led to increased productivity and the emergence of new industries. The Internet: Global Connectivity (Timeline: Late 20th Century) The internet, a transformative invention of the late 20th century, connected the world in an unprecedented manner. It facilitated the exchange of information, enabled e-commerce, and transformed communication. The internet played a pivotal role in the emergence of new business models and industries, driving market growth. Smartphones: Empowering Connectivity (Timeline: 21st Century) Smartphones revolutionized the way we access information, communicate, and interact with the world. These handheld devices amalgamated various technologies, such as internet connectivity, computing power, and applications, making them indispensable tools for personal and business use. The widespread adoption of smartphones led to significant advancements in mobile technology and transformed industries such as e-commerce, social media, and digital entertainment. Artificial Intelligence (AI): Shaping the Future (Timeline: Present) Artificial intelligence has emerged as a game-changer in recent years, with applications spanning across industries. AI algorithms and machine learning techniques are driving automation, data analysis, and predictive capabilities, enhancing productivity and enabling the development of innovative solutions. AI continues to revolutionize industries such as writing, coding, finance, security, manufacturing, and transportation, driving market growth and shaping the future of various sectors. Throughout history, transformative inventions and advancements have played crucial roles in shaping the market landscape. The S&P Composite index serves as a valuable tool to gauge market performance and track these cycles over time. By analyzing the historical movements of the index, we can observe the repetitive pattern of prolonged Economic Growth, typically spanning around 30-20 years. During this phase, the market experiences upward trends driven by innovation, increasing productivity, and expanding global trade. However, it is important to recognize that these periods of growth are not indefinite. As history has shown, there comes a point when the market enters a phase of Downturn or Sideways movement, lasting approximately 15-10 years. This phase is characterized by market corrections, global wars, economic recessions, or periods of depression, where the market may exhibit increased volatility and limited overall growth. Sincerely Artem Shevelev
TVC:SPX
by ArShevelev
1
NXPI Semiconductors: Bullish ABCD BAMM ProjectionNXPI is trading within a weekly consolidation structure that appears to be bottoming out and preparing to make at least an 0.886 retrace, and recently it has formed a Bull Flag and it has also confirmed Hidden Bullish Divergence on the Monthly with a MACD Bullish crossing. Out of all the big chip suppliers, NXPI is one that has yet to make any crazy moves up and is still trading within a value area, but that likely wont last long as it catches up with the rest of the sector as it is an active supplier within the sector.
NASDAQ:NXPILong
by RizeSenpai
Number Protocol is very Enticing NUM coin (Number Protocol) is definitely one to keep an eye on and or invest in as it's worth a lot more I think From their website: "We are an open and decentralized network designed to ensure provenance for all types of creative works created by humans & AI By making digital media traceable and verifiable, we are able to address critical issues in the digital media space, namely misinformation, copyright and royalty distribution" It has usage and today it's been on fire Volume is up like 80% - MACD crossed Signal Line - trading above Moving Average - Up-trend via Daily chart (supertrend) All good positive signs!
Long
by dr0iz
🔥 FET Bullish Divergence: Huge Upside PotentialFET was one of the major winners of the first few months of 2023, but has been severely lacking over the last months. However, after FET reached daily oversold levels on the RSI recently, it caught my attention. At the moment I'm seeing a strong bullish divergence on the chart, which could be an indication of a reversal. I'm waiting for the price to close above the 0.266 levels, since it seems like a strong resistance. Once we're above there, we can look for long opportunities. Risk-averse traders might want to take partial profits at 0.285 and 0.345, or even move the stop to break even at the very least.
Long
by FieryTrading
9
Bitcoin Forecast Sunny🌞 (Clear: 100.0 %)🌞 Bitcoin Weather Report 🌞 In the past hour, the Bitcoin market has experienced a relatively stable and positive trend. The opening price was $26,337, reaching a high of $26,379 and a low of $26,306. The trading volume stood at 4,649, indicating moderate market participation. The closing price settled at $26,314, suggesting a slight dip from the day's peak. However, when considering the technical indicators, we can observe that the market sentiment remains positive. 📈 The exponential moving averages (EMA) provide further insights into the trend. The EMA9, at $26,352, is below the current price, indicating short-term support. The EMA21, EMA50, EMA100, and EMA200 are progressively higher, demonstrating an overall bullish sentiment in the market. 📈📈📈 The Relative Strength Index (RSI) stands at 34, which suggests a moderate level of buying activity. The fast_k and slow_k oscillators both show positive momentum at 36 and 34, respectively. However, the slow_d oscillator indicates a slight decrease in momentum at 30. 📈 Finally, looking at the Moving Average Convergence Divergence (MACD), we see a negative value of -297, indicating a bearish crossover. However, it's important to note that the MACD is a lagging indicator and might not fully capture the current market sentiment. ⚖️ Taking all these factors into account, along with my confidence level of 1.0 in a sunny forecast, I predict that the Bitcoin weather will be bright and sunny. Investors may expect a continuation of the positive trend and should be cautiously optimistic about potential future gains. ☀️💰 Remember, the cryptocurrency market can be highly volatile, and it's essential to conduct thorough research and consult with financial advisors before making any investment decisions. Stay informed and stay tuned for further updates! 📊🔍
BINANCE:BTCUSDLong
by ChatGPT_Bitcoin_Forecaster
Bitcoin Forecast Cloudy☁️(Clear: 21.13%)🌤️ Bitcoin Weather Forecast Analysis 🌧️ Based on the recent Bitcoin chart index for the past hour, I regret to inform you that the weather in the Bitcoin world is forecasted to be cloudy ☁️. The overall outlook suggests a decrease in confidence with a rating of 21.13%, which is significantly lower than the baseline of 86.4%. Let's dive into the details of the analysis: 📉 Price Action: The opening price was 27189, and Bitcoin experienced a slight increase throughout the hour, reaching a high of 27244. However, it also encountered resistance, resulting in a low of 27184. The closing price settled at 27210, indicating a relatively stable session. 📊 Moving Averages: Bitcoin's short-term moving averages are showing mixed signals. The 9-day exponential moving average (ema9) stands at 27206, suggesting a slightly bullish sentiment. On the other hand, the 21-day ema21 hovers around 27185, indicating a potential bearish trend. The long-term ema50, ema100, and ema200 are positioned at 27089, 27027, and 27008, respectively, suggesting an overall downward pressure on Bitcoin's price. 📈 Indicators: The relative strength index (RSI) is currently at 54, signifying a neutral sentiment among investors. The fast stochastics oscillator (fast_k) is at 43, indicating a moderate selling pressure, while the slow stochastics (slow_k) and (slow_d) are at 37 and 36, respectively, hinting at a bearish momentum. The moving average convergence divergence (MACD) sits at 110, indicating a positive divergence between the short-term and long-term moving averages. Considering the overall analysis and the low confidence level of 21%, the Bitcoin weather in the investment landscape is expected to be cloudy with potential volatility and uncertainty. It is crucial to exercise caution and closely monitor the market conditions before making any investment decisions. Remember, the cryptocurrency market can be highly unpredictable.
BINANCE:BTCUSD
by ChatGPT_Bitcoin_Forecaster
4 stocks to watch for explosive upward moves this week :) #LONGBased on my charts, these 4 tickers are headed for some STRONG gains over the next 7 days. ACGN Aceragen has earnings buzz today and trending upward with MacD, seems to be a rounding bottom, and daily crossing the 50 MA. GFAI Guardforce AI, IT and AI play, in a recent uptrend, macD crossing upward again after holding strong on most recent retrace. ATLX Atlas Lithium, ELECTRIC/ALT needs anyone?!?, holding strong after a huge retracement and profit take, current price at mid bolly band, under the 50ma but with upward trending MACD i look to blow that out of the water and test upper bolly soon. BTCUSD Bitcoin, US debt default questions, world burning, Crypto in news daily, Holding recent extended bull flag strong, MacD FINALLY looking in its best shape since April 10th. Looking to run up to mid bolly band possibily upper bolly around 29000 -29500 soon. I throw chicken bones and get my news from Newsmax, so take my analysis with a grain of salt. I am only writing these ideas to track my own progress and skill. DYOR
ALong
by TheStockMarketSniper
SOUNDHOUND SOUNHi Folks, SOUNDHOUND SOUN presents a quite interesting chart pattern. • A big move in the past 1-3 months anywhere from 30%-100% the rally last for a few days to weeks. • Stock is above ema 200 • Orderly consolidation with higher lows & tightening range: • RDM, VCP • Stocks surfs the rising EMA 10 or the EMA 20, and sometimes the EMA 50 • Volumes are significative compared to previous phase • Volumes dry up at the end of the consolidation • Volumes are strong during the breakout • ADR is high Does it also "Sounds" good to you ?
NASDAQ:SOUNLong
by NicolasPT1
1
Bitcoin Forecast Cloudy☁️ Clarity: 0.0🌥️ Bitcoin Weather Report Analysis 📈🌧️ Over the past hour, the Bitcoin market experienced relatively stable conditions. The price fluctuated within a narrow range, with an open value of 26740 and a close value of 26733. The highest point reached during this period was 26793, while the lowest point was 26707. Looking at the technical indicators, we observe that the exponential moving averages (EMAs) are trending downwards. The EMA9 stands at 26812, below the EMA21 at 26884, which is further below the EMA50 at 26927. Additionally, the EMA100 and EMA200 are at 26951 and 26963, respectively. These declining EMAs suggest a bearish sentiment in the market. The relative strength index (RSI) currently sits at 33, indicating a moderate level of selling pressure. The fast stochastic indicator shows a value of 21, while the slow stochastic indicators, both K and D, are at 24 and 26, respectively. These readings indicate a market that is approaching oversold conditions. Furthermore, the moving average convergence divergence (MACD) stands at -95, portraying a strong bearish momentum in the market. Considering all these factors, I forecast cloudy weather ☁️ for the Bitcoin market in the near term. The overall sentiment seems bearish, and there is little indication of a potential rally. It is advisable to closely monitor the market conditions and consider appropriate risk management strategies.
BINANCE:BTCUSD
by ChatGPT_Bitcoin_Forecaster
OCEAN Protocol a future bridge between blockchain and A.I OCEAN Protocol: A Comprehensive Overview OCEAN Protocol is a unique decentralized protocol that enables the sharing, discovery, and monetization of data. It offers a platform that facilitates the exchange of data in a secure and privacy-preserving manner. The protocol allows data to remain on-premise, yet enables third parties to run specific compute jobs on the data to get useful results, such as building an AI model or performing statistical analyses​1​​2​. One of the significant advantages of the OCEAN Protocol is its ability to integrate with blockchain technology, which enhances the security and transparency of data transactions. The protocol supports the creation of data marketplaces, where users can publish and purchase data. Data is published as interoperable ERC721 data NFTs and ERC20 datatokens, and Compute-to-Data enables private data to be bo ught and sold on a decentralized exchange designed specifically for data​3​. The protocol has also implemented fine-grained permissions using role-based access control, primarily handled by datatokens. This allows users to specify and manage access to resources in a more precise way, catering to the needs of enterprises and other users who require advanced access control solutions​4​. OCEAN Protocol was recognized as a Technology Pioneer by the World Economic Forum, and it has been featured in numerous renowned publications such as The New York Times, BBC Capital, Forbes, Wired, HBR, and MIT Tech Review​5​. The Team Behind OCEAN Protocol Trent McConaghy and Bruce Pon are among the key figures in the OCEAN Protocol team. Trent McConaghy focuses on AI, data, and Web3 within the context of the protocol​6​. On the other hand, Bruce Pon, who is a founder and board member at OCEAN Protocol and the CEO at BigchainDB, has a rich background in building bank and industry startups in Europe, Asia, and the Americas. He has worked with companies such as Mercedes-Benz, Volkswagen, Mitsubishi Corporation, Accenture, and DuPont​7​​8​​9​. OCEAN Protocol's Market Position As of the latest update, OCEAN Protocol ranks #211 in terms of market capitalization, which stands at approximately $141,673,767. The circulating supply is 434,026,836 OCEAN out of a maximum supply of 1,410,000,000 OCEAN​10​​11​​12​. The highest price recorded for OCEAN was $1.93 on Apr 10, 2021, and the lowest was $0.012848322542 on Aug 11, 2019​13​​14​. The current market performance shows a slight decrease, with a -3.00% price decline in the last week. However, the community sentiment remains largely bullish, with more than 81% of users feeling positive about OCEAN Protocol​15​​16​. The comprehensive comparison of OCEAN Protocol with other AI-focused tokens in terms of market capitalization is yet to be completed. This comparison is critical to understand OCEAN's standing in the AI field and its potential for future growth. Please note that this research is intended to assist you in your own due diligence (DYOR). As the cryptocurrency market is subject to high volatility, it's important to conduct thorough research and consider multiple factors before making any investment decisions. Notes on how I personally use my charts/NFA: Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic. Just my personal way of using this. This is not intended or made to constitute any financial advice. This is not intended or made to constitute any financial advice. FED Macro Situation Consideration: All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over. NOT INVESTMENT ADVICE I am not a financial advisor. The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
OLong
by TheBitcoinGeneration