Fib Circle analysis on NVDAReally interesting how the Fibonacci circle predicted some of the major moves in the past. Surprise surprise, it look like it's pointing to a major move on the 21st of Feb, 2024, which coincides with earnings. Coincidence?
NVDA
Nvidia: A Game-Changer in Tech and FinanceOne company has emerged as a true powerhouse: Nvidia ( NASDAQ:NVDA ). With its recent surge in market value and influence, Nvidia's story is not just about astronomical growth figures; it's a testament to the transformative power of innovation and the relentless pursuit of excellence in an increasingly AI-driven world.
At the recent World Government Summit in Dubai, Nvidia ( NASDAQ:NVDA ) CEO Jensen Huang made a profound statement: every country needs to build its own artificial intelligence infrastructure. It's not just about economic potential; it's about safeguarding sovereignty and preserving cultural identity. In a world where technology knows no borders, Huang's words resonate deeply, urging nations to take control of their technological destiny.
Nvidia's ( NASDAQ:NVDA ) dominance in the market for high-end AI chips has been nothing short of spectacular, catapulting the company to a staggering $1.73 trillion market value. But beyond the numbers lies a deeper narrative of democratization. By democratizing access to AI through swift efficiency gains in computing, Nvidia is empowering industries and individuals to harness the power of artificial intelligence like never before.
Challenges Ahead
Yet, amidst this exponential growth, concerns about the dangers of AI loom large. Huang dismisses these fears as overblown, drawing parallels to other regulated industries like cars and aviation. However, the real challenge lies in navigating geopolitical tensions, as evidenced by the recent U.S. restrictions on Nvidia's AI chips. Despite these challenges, Nvidia ( NASDAQ:NVDA ) remains resilient, working with customers worldwide to comply with regulations and expand its global footprint.
Checking the Numbers
Nvidia's ( NASDAQ:NVDA ) meteoric rise has rewritten the playbook for growth stocks. With a staggering 379.7% increase since 2022, Nvidia ( NASDAQ:NVDA ) has surpassed industry titans like Berkshire Hathaway and Tesla, reshaping the investment landscape in the process. The company's market cap now accounts for a significant portion of major ETFs, underscoring its pivotal role in shaping the tech-heavy market of tomorrow.
Comparison to Tesla stock
Comparisons to Tesla's historic surge in 2020 only scratch the surface of Nvidia's unparalleled value creation. In just over a year, Nvidia ( NASDAQ:NVDA ) has added $1.37 trillion to its market cap, setting a new standard for growth and innovation in the tech sector. As investors and analysts alike ponder Nvidia's future trajectory, one thing remains clear: the company's impact extends far beyond financial markets, signaling a seismic shift in the technological landscape.
Conclusion
In conclusion, Nvidia's journey from a semiconductor giant to a global AI powerhouse is a testament to the transformative power of innovation and resilience. As nations race to build their AI infrastructure, Nvidia ( NASDAQ:NVDA ) stands at the forefront of this technological revolution, shaping the future of industries, economies, and societies worldwide.
$WGMI - Bitcoin Miners ETF - Printing $ From EnergyNASDAQ:WGMI NASDAQ:MARA NASDAQ:WULF NASDAQ:CLSK NASDAQ:NVDA
So to keep in line with my new “printing money from Solar Energy” series, I came along this gem, an ETF w all of the Bitcoin Miners stocks.
Any financial advisor will tell you an ETF is a great way to trade an entire industry/sector while reducing unsystematic risk, AKA reducing risk associated with one individual company. (I.e, bad corrupt executives, bad accounting practices, bad management, etc.,)
This Exchange Traded Fund (ETF) is a pool of the following stocks;
1. MARA - Marathon digital
2. CLSK -Cleanspark
3. RIOT - Riot blockchain
4. IREN - Iris Energy
5. NVDA - Nividia
6. WULF - TeraWulf
APLD- Applied Digital
CIFR- Cipher Mining,
..and on and on.
This is a well diversified investment for anyone looking to get exposure to Bitcoin mining stocks while Bitcoin is breaking through its current major resistance levels, and I am SUPER UBER LONG all of them.
Possible Significant RecoveyThis scenario is VERY tricky, let me explain why it could go either way, drastically. I'll separate the bull/bear ideas. The nasdaq looks like it could bounce off the BB bottom for a decent recovery, but, it's to see what happens tomorrow.
Reasons for Bull Rally
This month inflation report is cooler.
With a lower CPI, markets will anticipate a 50 basis point or 25 basis point hike, meaning a more dovish stance from the Fed.
Reasons for Selling
This month inflation report is still high or hotter than expected.
With a higher CPI, markets will anticipate a 75 basis point or higher hike, meaning a more hawkish stance from the Fed.
July 29th Q2 GDP comes in negative, officially putting the US in recession.
The negativity possibility is significant. July economic data can break markets like not seen before. This is one to watch. I understand this is the 1M chart, so any move upward will be quick. I don't see markets rising for a few months, but, who knows.
Nvidia's Ambitious Leap into Custom Chip TerritoryIn a bold move set to reshape the landscape of custom chip design, Nvidia ( NASDAQ:NVDA ), the juggernaut of AI chips, unveils its plans to seize a significant share of the burgeoning $30 billion market. With a laser focus on catering to the evolving needs of cloud computing giants and beyond, Nvidia's ( NASDAQ:NVDA ) foray into bespoke chip development heralds a new era of innovation and competition in the semiconductor industry.
Riding High on AI Dominance:
Nvidia's ( NASDAQ:NVDA ) dominance in the high-end AI chip market, commanding a staggering 80% share, has propelled its stock market value to unprecedented heights, soaring to $1.73 trillion. As the preferred choice for tech titans like Microsoft, Alphabet, and Meta Platforms, Nvidia's H100 and A100 chips have been instrumental in driving advancements in generative AI technologies.
Pioneering Custom Solutions:
Recognizing the imperative for tailored solutions to meet diverse computational demands, Nvidia ( NASDAQ:NVDA ) unveils its new business unit dedicated to crafting bespoke chips for cloud computing behemoths. By leveraging its expertise in AI chip design, Nvidia seeks to empower companies to optimize performance, reduce energy consumption, and accelerate innovation across various sectors, including cloud computing, 5G wireless, video games, and automotive.
Seizing a $30 Billion Opportunity:
With projections indicating the data center custom chip market could reach $10 billion this year and double by 2025, Nvidia's strategic pivot underscores its ambition to capture a substantial slice of the $30 billion custom chip market. By partnering with industry giants like Amazon, Google, Microsoft, and Meta, Nvidia ( NASDAQ:NVDA ) aims to disrupt the dominance of incumbents like Broadcom and Marvell, positioning itself as a formidable contender in the custom chip arena.
Expanding Horizons Beyond AI:
Nvidia's ( NASDAQ:NVDA ) ambitions extend beyond AI, with plans to infiltrate the telecom, automotive, and video game markets. Collaborating with Ericsson for a wireless chip integrating Nvidia's GPU technology signals Nvidia's ( NASDAQ:NVDA ) intent to diversify its offerings and tap into new revenue streams. With projections forecasting steady growth in the custom auto and video game chip markets, Nvidia's ( NASDAQ:NVDA ) expansion strategy is poised to unlock untapped potential and drive sustained growth.
A Glimpse into the Future:
As Nvidia ( NASDAQ:NVDA ) embarks on this transformative journey, the implications reverberate across the semiconductor industry. With competition heating up and market dynamics evolving rapidly, Nvidia's bold leap into custom chip territory promises to reshape the competitive landscape, fueling innovation, and unlocking new opportunities for growth and collaboration.
Conclusion:
In an era defined by rapid technological advancement and relentless innovation, Nvidia's ( NASDAQ:NVDA ) strategic pivot towards custom chip design underscores its commitment to staying at the forefront of the semiconductor industry. With a $30 billion market ripe for disruption, Nvidia's ambitious expansion plans herald a new chapter of growth and opportunity, setting the stage for a future where customized solutions drive the next wave of technological breakthroughs.
NVIDIA to keep on this crazy rally?NVIDIA - Intraday expiry - We look to Buy a break of 710.15 (stop at 694.15)
Price action has formed a bullish ascending triangle formation.
There is no clear indication that the upward move is coming to an end.
Daily signals for sentiment are at overbought extremes.
In our opinion, this stock is overvalued.
A break of the recent high at 709.44 should result in a further move higher. The bias is to break to the upside.
Our profit targets will be 750.15 and 760.15
Resistance: 709.44 / 720.00 / 740.00
Support: 693.50 / 680.00 / 663.00
What a Rip, is time for a Dip?Looking at NVDA on the hourly. It seems to be flirting with the lower trend line of the ascending channel. Could see a 15 to 30 point pullback here in a few, if it decides to break down out of this channel.
NVDA Ascending Triangle on the 4HrKeeping an eye on this Ascending Triangle on the 4Hr. A breakout could bring a 30 Point gap up.
$SPY $483 Target remainsincoming pullback imo. 5-7% pullback before then of February. History doesn't always repeat itself but it does frequently rhyme. Refer to AMEX:SPY 6/15-8/17 ... Good luck everyone . From here I'm taking puts to $478 , calls at $478 to 20 DMA retest, consolidation for about a week... $483 Short until $470... Buy $468 for March run....
If you're not trimming(or selling)Nvidia here, you may be sorry I am not suggesting you short Nvidia yet as it has extended past normal fib resistance areas. If you have been following my posts on Nvidia, MSFT and the overall SPX500...it appears we have so many of the components and the index in the last squiggles of their respective wave 5's.
I know the narrative about AI is exciting, and I cannot tell you what will change with respect to investor sentiment, but NVDA will be VERY soon completing it's wave 5. The next chronological retracement support area is $400-$500.
Best to all,
Chris
DECK, NVDA - what am I missing?DECK, NVDA is flying up nicely (in FIAT terms), quite FOMO, however in a five year period both trying to stick with bitcoin. NVDA is even slightly better, but I can't actually own it, transfer it anywhere, send it, pay with it, etc. So now is not a good time for me to even buy NVDA, I think it is overrated just like DECK. Plus, in the upcoming cycle, it's going to have a very hard time with the hard meter. What will the next 5 years bring? I bet on bitcoin.
Start measuring value with the world's hardest asset - bitcoin (sats). Filter out a lot of the dirt and misinformation caused by monetary policy.
When you build a house, you don't use a rubber tape measure. Take the same approach to building your financial freedom. Study bitcoin.
DECK with rubber tape measure:
NVDA with rubber tape measure:
NVDA with hard tape measure:
NVDA - Coming weeks will be corrective The best move for this finished imho.
We should see a correction that ideally shouldn't exceed -10% from the high but it will be mostly time consuming, frustrating all late comers.
So, if you're a short/medium term trader it's best to just take your profits and stay out of the market for the next few weeks or try your luck somewhere else in another group.
If you're a long term investor, this doesn't change the bullish outlook for now. Just be aware that there probably won't be big up moves in the short term.
$SPY$483 coming soon 💭... $470 by EOM.. I've got a repetition of July Top and Pullback in play here. Potential to lead to something much more serious.
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Nvidia Monumental Divergence- Nvidia seems ready for a bigger retracement.
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Trading Parts
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Short Zone : 400$ ish ( Now )
TP1 : 275$ ish
TP2 : 200$ ish
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- Stay S4fe!
Happy Tr4Ding !
