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Musk Hails Memphis Supercluster: Nvidia Stock Soars on AITech entrepreneur Elon Musk took to social media platform X to celebrate a significant development in the world of artificial intelligence (AI). In a post, Musk lauded Nvidia for their contribution to the launch of training for xAI's Memphis Supercluster. This massive computing facility, equipped with a staggering 100,000 of Nvidia's H100 GPUs, marks a significant leap forward in AI development. The Power of Memphis: Supercharging AI Training The Memphis Supercluster is no ordinary data center. Custom-designed for the specific demands of AI model training, it boasts a colossal 100,000 H100 Tensor Core GPUs from Nvidia. These cutting-edge processors are specifically architected to handle the immense computational workload required to train complex AI models. The sheer scale of the Memphis Supercluster signifies the immense processing power required to push the boundaries of AI capabilities. Grok Gears Up for a New Era The Memphis Supercluster isn't just a showcase of technological prowess; it has a clear purpose. This powerful facility is dedicated to training the next iteration of xAI's chatbot, Grok. While details about Grok's new capabilities remain undisclosed, the involvement of the Memphis Supercluster suggests a significant upgrade in its functionality. This could pave the way for more advanced natural language processing, improved reasoning abilities, and potentially even greater human-like interaction. Nvidia Stock Rides the AI Wave The news of the Memphis Supercluster's activation coincided with a surge in Nvidia's stock price. This rise can be attributed, at least in part, to the positive sentiment surrounding the project. The successful collaboration between xAI and Nvidia showcases the potential of H100 GPUs in the field of AI. This, in turn, could lead to increased demand for Nvidia's technology from other companies and research institutions working on cutting-edge AI projects. Additionally, the broader market may be recognizing the growing importance of AI and the role Nvidia plays in its development, leading to a general uptick in investor confidence. A Look Ahead: The Future of AI The launch of the Memphis Supercluster is a significant milestone in the ongoing quest for artificial intelligence advancement. The immense processing power it offers opens doors for the development of even more sophisticated AI models. As xAI trains the next version of Grok on this powerful platform, the world awaits with anticipation to see the new heights AI can achieve. This development, along with the positive reception of Nvidia's technology, suggests an exciting future for AI research and its potential applications across various industries.
PYTH:NVDALong
by bryandowningqln
NVDA - UniverseMetta - Analysis#NVDA - UniverseMetta - Analysis After the previous impulse, the price corrected by more than 15%, which may indicate the beginning of continued growth. Compared to the previous correction, the price may still fall by 5 percent from the local minimum. In this case, wait for the ABC structure to form and consider purchases. In this case, you can see the potential formation of a 3-wave structure; when it breaks through, consider the entry. If there is a retest of the border, it will be possible to consider a target up to levels of 177. Target 140 - 177
NASDAQ:NVDALong
by Trade-U-Metta
NVDA Possible Option Play - $126 Call expiring June 28, 2024Data Summary: Open: 123.24 High: 126.50 Low: 118.04 Close: 125.76 Change: -0.81 (-0.64%) Volume: 820.663M Last Day Change: +7.65 (+6.48%) SMA 50: 67.66 EMA 20: 98.03 Pivot Points: Pivot R2: 131.91 Pivot R1: 128.85 Pivot S1: 120.39 Pivot S2: 114.99 Breakout SMA 21: 65.44 Technical Analysis: Current Price Movement: The stock is trading at 125.76, which is above the EMA 20 (98.03) and the SMA 50 (67.66), indicating a strong bullish trend. The significant increase in the last day (+6.48%) shows strong buying momentum. Pivot Points: The stock is trading just below Pivot R1 (128.85), suggesting a key resistance level. Support levels are at Pivot S1 (120.39) and Pivot S2 (114.99). Volume: The volume of 820.663M is significantly high, indicating strong trading activity and interest in the stock. Preferred Option Play: Call Option Play: Buy NVDA $126 Call expiring June 28, 2024 Last Price: $4.10 Rationale: The stock is showing strong bullish momentum, trading above key moving averages and near the resistance level. A Call option leverages the potential upward movement towards the resistance levels. Summary: Based on the technical indicators and the current price being near resistance levels, a Call option is preferred to capture potential upward movement. This strategy is speculative and should be considered with caution. Always consider your risk tolerance and consult with a financial advisor before making any trades.
NASDAQ:NVDALong
by TheBullsEye1
1
NVDA dip or correction? Let's consider the conditions for both scenarios: 1. The Dip and the Continuation of the Trend Scenario - MACD lines do not cross over. The MACD histogram is starting to rise. - The force index is rising again. - The bulls are looking for a bounce from the first line of defense, around the low of the day at $124.40. This is exactly what is happening so far today. 2. The Correction Scenario - The first line of defence is breached. - The second line of defence is breached. - MACD lines cross over, and the MACD histogram falls below 0. - The force index falls below 0. What do you think? Please comment below with Scenario 1 or 2.
NASDAQ:NVDA
by WavesInvesting
1
Nvidia Races Ahead: Can It Lead After Apple Stock SplitNvidia Races Ahead: Can it Maintain the Lead After Apple's Stock Split? The tech world is abuzz with the news of Nvidia's staggering outperformance of Apple's stock price in 2024. Annually, Nvidia has surged a remarkable 190+%, leaving Apple in the dust with a meager 19% gain. This stark contrast comes just ahead of Apple's highly anticipated 10-to-1 stock split, raising questions about the future performance of both tech giants. Nvidia's Stellar Rise: A Chip Powerhouse on Fire Nvidia's dominance can be attributed to its position as a leader in the booming semiconductor industry. The ever-growing demand for powerful graphics processing units (GPUs) for applications like artificial intelligence, gaming, and data centers has propelled Nvidia's growth. Their cutting-edge technology has made them the go-to choice for tech enthusiasts and professionals alike. Apple's Stagnant Growth: A Maturing Giant? While Apple remains a tech behemoth, its stock price hasn't mirrored the explosive growth seen in other sectors. This could be due to a number of factors. The smartphone market, a cornerstone of Apple's success, has reached a saturation point. Additionally, competition from other manufacturers, particularly in the Chinese market, has intensified. Stock Splits: A Psychological Boost or a Price Trick? Stock splits themselves don't change the underlying value of a company. They simply increase the number of shares outstanding while proportionally reducing the share price. However, stock splits can have a psychological impact on investors. A lower share price can make the stock appear more affordable, potentially attracting new investors and boosting short-term trading activity. Volatility Ahead: Will Apple Reclaim Its Throne? Apple's upcoming stock split has the potential to introduce significant price volatility in the short term. The lower share price might entice retail investors, leading to a temporary surge. However, long-term performance will depend on Apple's ability to innovate and tap into new growth markets. Beyond the Numbers: A Look at the Fundamentals While the current stock price performance paints a clear picture, a deeper analysis of both companies' fundamentals is crucial for long-term investors. Here are some key aspects to consider: • Product Pipeline: Both companies have a history of successful product launches. Analyzing their upcoming product lines and potential disruptions will provide insights into future growth prospects. • Innovation: Continuous innovation is vital for sustained success in the tech industry. Evaluating each company's commitment to research and development will shed light on their ability to stay ahead of the curve. • Market Expansion: Identifying new markets and customer segments that either company can tap into can be a significant growth driver. The Verdict: A Tale of Two Tech Titans Nvidia's current lead is undeniable, but Apple shouldn't be counted out. The stock split has the potential to reignite investor interest in Apple, and its brand loyalty remains unmatched. Ultimately, which company emerges victorious will depend on their ability to navigate the ever-evolving tech landscape, deliver innovative products, and expand into new markets. For investors, this is an exciting time to be in the tech sector. By carefully analyzing both companies' fundamentals and long-term strategies, investors can make informed decisions about where to place their bets. The race between Nvidia and Apple is far from over, and the coming months will be a fascinating test of their respective strengths and resilience.
NASDAQ:NVDALong
by bryandowningqln
🗺️NVIDIA Roadmap🗺️🚀➕20%🚀🔔Today, I want to analyze NVIDIA stock for you because I think it still has the potential to increase in price, and also, in NVIDIA 's previous rally, AI tokens had a good rise. 💡The main reason for Nvidia's growth is the company's leadership in the field of Artificial Intelligence(AI) chips . The market value of this company crossed the one trillion dollar mark less than a year ago. Nvidia now has a higher market value than the well-known companies Amazon and Google . 💡 Nvidia's earnings report that was published exceeded expectations so that Nvidia was able to make $26 billion in profits in the first 3 months of this year, which is really great. 💡Profitability was 5.3% higher than forecasts , and Nvidia made a profit of $6.12 Earnings per Share(EPS) . 💡Nvidia forecasted $28 billion in revenue for the fiscal second quarter , with a margin of error of 2% . 💡Soon the price of each stock will be divided into 10 units. For each stock of the price break, $0.01 is distributed, which represents 150% growth from the previous period. 💡 Artificial Intelligence Tokens have not yet shown their progress, but it is better to keep an eye on them. BINANCE:FETUSDT _ BINANCE:NEARUSDT _ BINANCE:RNDRUSDT _ BINANCE:GRTUSDT _ BINANCE:TAOUSDT _ BINANCE:INJUSDT _ BINANCE:THETAUSDT -------------------------------------------------------------------------------------------- 📊Now let's take a look at the NVIDIA chart . ✅ NVIDIA managed to break the 🔴 Resistance zone($974_$924) 🔴 by Breakaway Gap . 📈In terms of Classic Technical Analysis , NVIDIA has managed to form a Bullish Long Island Pattern , and this pattern is one of the continuing patterns and will be a sign of the continuation of NVIDIA's upward trend . 🌊According to the theory of Elliott Waves , NVIDIA is completing the main wave 5 and it is very likely that the main wave 5 will finish in the 🟡 Potential Reversal Zone(PRZ)($1,305_$1,138) 🟡. 🔔I expect that NVIDIA will continue to grow at least 🚀➕20%🚀 more, although minor corrections are also possible. NVIDIA Analyze (NVDAUSD), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
NASDAQ:NVDALong
by pejman_zwin
1
Nvidia Scores a Knockout: Chipmaker Topples AppleNvidia Scores a Knockout: Chipmaker Topples Apple to Reach $3 Trillion Throne In a stunning shift of the tech world's power dynamics, Nvidia Corporation (NVDA) has dethroned Apple (AAPL) as the world's most valuable company by market capitalization. Surpassing the $3 trillion mark for the first time ever, Nvidia's meteoric rise signifies the transformative power of artificial intelligence (AI) and the chipmaker's strategic positioning at the heart of this technological revolution. From Graphics Giant to AI Powerhouse Nvidia's journey to the top isn't a tale of overnight success. The company built its reputation on high-performance graphics processing units (GPUs) - the workhorses behind smooth gameplay and stunning visuals. However, a fortuitous discovery changed the game. These same GPUs, designed for complex graphics calculations, proved remarkably adept at handling the intricate computations demanded by AI. This adaptability propelled Nvidia into the AI arena, where its chips are now powering a vast array of groundbreaking applications. Fueling the AI Engine Several factors have converged to create a perfect storm for Nvidia's growth: • The AI Explosion: The global AI market is on an exponential growth trajectory. As AI infiltrates diverse industries from healthcare to finance, the demand for Nvidia's powerful GPUs is expected to skyrocket. Self-driving cars, facial recognition systems, advanced medical research – these are just a few examples of the areas where Nvidia's technology plays a critical role. • Gaming Goes Beyond the Console: The gaming industry, a long-standing customer base for Nvidia, is experiencing a renaissance fueled by cloud gaming and virtual reality (VR). These advancements necessitate ever-more powerful graphics processing, further solidifying Nvidia's position within this lucrative market segment. • The Crypto Craze: While a volatile factor, the ongoing cryptocurrency boom has undeniably boosted demand for Nvidia's GPUs, as they are well-suited for cryptocurrency mining. This additional demand has contributed to Nvidia's recent surge. Can Nvidia Maintain its Momentum? While Nvidia's current market valuation is a testament to its success, questions naturally arise about its ability to sustain this extraordinary growth trajectory. Here are some key considerations for the future: • The Competitive Landscape: Nvidia's success has attracted the attention of rivals like Intel (INTC) and AMD (AMD), who are pouring resources into developing their own AI-focused chips. Maintaining its technological edge will be crucial for Nvidia to stay ahead of the pack. • Market Fluctuations: The tech sector is notorious for its sensitivity to market movements. An economic downturn or a shift in investor sentiment could potentially trigger a correction in Nvidia's stock price. • Innovation as the Lifeblood: The rapid pace of technological advancement demands constant innovation. Nvidia must prioritize research and development to ensure its products remain at the forefront of AI technology. A New Era for Chipmakers Nvidia's ascension to the $3 trillion mark signifies a pivotal moment for the semiconductor industry. It underscores the immense potential of AI and the critical role chipmakers play in driving technological innovation. As the world embraces AI at an ever-increasing rate, Nvidia stands poised to play a central role in shaping the future. However, the company's continued success hinges on its ability to navigate a competitive landscape, prioritize innovation, and weather potential market fluctuations.
NASDAQ:NVDALong
by bryandowningqln
NVDA - Antitrust Scrutiny and AI Market MilestonesMarket Chatter: Antitrust Scrutiny and Milestones in the AI and Tech Industry Antitrust Scrutiny for AI Dominance Microsoft ( NASDAQ:MSFT ), OpenAI, and Nvidia ( NASDAQ:NVDA ) are facing antitrust investigations over their dominant roles in the artificial intelligence industry, according to The New York Times. The Federal Trade Commission (FTC) and the Justice Department have agreed to proceed with these investigations. The Justice Department will lead the investigation into Nvidia, while the FTC will focus on OpenAI and Microsoft. Nvidia's Market Cap Controversy Nvidia Corp. ( NASDAQ:NVDA ) has achieved a new milestone, surpassing a $3 trillion market capitalization for the first time and briefly overtaking Apple’s valuation. However, this milestone has reignited debates about its true value. Aswath Damodaran, a professor at New York University Stern School of Business and known as Wall Street’s "Dean of Valuation," believes that Nvidia’s intrinsic value does not justify its current price tag. He acknowledges the company's compelling narrative and market momentum but remains cautious about its lofty valuation. Short-Term Bets on Nvidia Ahead of Stock Split As Nvidia's stock split approaches, traders are making short-term bets on the stock's movements. Data from Cboe Global Markets shows that 19 out of the 20 most actively traded options tied to Nvidia are set to expire by the end of this week. This frenzy is reminiscent of the activity seen around Tesla's stock split in 2020. On Tuesday alone, Nvidia options worth around $283 billion were traded, dwarfing the $18.7 billion traded for Apple. Nvidia's Ascent in Market Valuation Nvidia has rapidly climbed the ranks of the world's largest companies. Earlier this year, it surpassed Amazon to become the third-largest US company. Recently, Nvidia overtook Apple, securing the second spot with a market value of $3.01 trillion. Nvidia's shares closed at a record $1,224.40 each. The company now aims to challenge Microsoft for the number one position, needing to gain approximately $150 billion in market value to do so. These developments highlight the dynamic nature of the tech and AI industries, with significant market movements and regulatory scrutiny shaping the landscape.
NASDAQ:NVDALong
by SroshMayi
Nvidia Unveils Rubin AI Platform: New Frontier in Generative AIAt the 2024 Computex trade show in Taipei, Nvidia CEO Jensen Huang sent ripples through the tech world with the announcement of their next-generation AI platform, codenamed Rubin. Scheduled for release in 2026, Rubin promises to be a game-changer, pushing the boundaries of generative AI and accelerating its integration across various industries. Huang's vision is clear: a new industrial revolution driven by AI. This vision is fueled by the ever-growing demand for high-performance AI hardware, and Nvidia is positioning itself at the forefront of this revolution. By unveiling Rubin alongside the Blackwell Ultra chip slated for 2025, Nvidia is signaling a commitment to annual upgrades in their AI accelerator technology. This focus on rapid development reflects Nvidia's dominant position in the AI chip market, currently holding an estimated 80% market share. Rubin's arrival in 2026 signifies a significant leap forward in Nvidia's AI hardware capabilities. The platform will encompass not just next-generation GPUs, the workhorses of AI training, but also novel central processing units (CPUs) and networking chips. While specifics about Rubin's architecture remain under wraps, some key details have emerged. The platform will leverage the next iteration of High-Bandwidth Memory (HBM4), a crucial component for tackling the data bottlenecks that often hinder AI development. Manufacturers like SK Hynix, Micron, and Samsung are expected to be instrumental in supplying this next-gen memory. Beyond the hardware, Huang emphasized the importance of software and services in democratizing AI. This aligns with Nvidia's recent efforts to expand its software offerings, providing developers with user-friendly tools to harness the power of their AI hardware. It's likely that Rubin will be accompanied by a robust software ecosystem, enabling seamless integration and streamlined workflows for various AI applications. The potential applications of Rubin are vast. Generative AI, a subfield of AI focused on creating new data, is expected to see a significant boost. This could revolutionize fields like drug discovery, where AI can be used to design new molecules with specific properties. Additionally, advancements in natural language processing (NLP) facilitated by Rubin could lead to more sophisticated chatbots, capable of carrying on nuanced conversations and even generating creative text formats like poems or code. However, significant challenges remain. Ethical considerations surrounding bias in AI algorithms and the potential misuse of generative AI capabilities need to be addressed. Additionally, ensuring equitable access to this powerful technology will be crucial to prevent exacerbating existing inequalities. Despite these challenges, the potential benefits of Rubin are undeniable. Nvidia's commitment to annual advancements in AI hardware, coupled with a focus on user-friendly software, positions Rubin as a catalyst for the widespread adoption of AI across industries. As 2026 approaches, the tech world will be watching with keen interest to see how Rubin ushers in a new era of generative AI and its impact on the global landscape.
NASDAQ:NVDALong
by bryandowningqln
A Golden Age for Splits? Nvidia's MoveNvidia's recent announcement of a 10-for-1 stock split sent ripples through the tech industry. Investors cheered the move, with the stock price surging 9% to a record high. But beyond the immediate impact on Nvidia, Bank of America (BofA) suggests this could be the first domino in a wave of tech stock splits. This article explores the implications of Nvidia's split, the factors driving potential future splits, and the historical trends associated with this strategy. Nvidia's Split: A Catalyst for Change? Nvidia's stock price, hovering around $1,000 before the announcement, undoubtedly played a significant role in the decision. With a lower share price after the split, the stock becomes more accessible to individual investors, potentially broadening its investor base. This aligns with BofA's observation that Nvidia is already a favorite among retail investors, according to a May 22 Vanda Research report. BofA analysts see the split as a positive sign, highlighting a trend of "shareholder-friendly policies" within large-cap tech companies. They also point to historical data suggesting that companies undergoing splits tend to experience strong returns in the following year. A Landscape Ripe for Splits? BofA's note identifies 36 companies within the S&P 500 with share prices exceeding $500, potentially making them candidates for future splits. This includes tech giants like Microsoft and Meta Platforms, whose stock prices are approaching that threshold. There are several factors making the current tech landscape ripe for stock splits: • Soaring Stock Prices: Fueled by technological advancements and strong demand, many tech stocks have experienced phenomenal growth in recent years. This has pushed share prices to record highs, potentially creating a psychological barrier for some retail investors. • Accessibility and Liquidity: A lower share price can make a stock more attractive to individual investors, increasing overall trading volume and liquidity. This broader investor base can potentially lead to a more stable stock price. • Psychological Impact: A lower share price can make the stock appear more affordable, even if the underlying value of the company remains unchanged. This can trigger increased buying interest, particularly among retail investors. Beyond Price: The Strategic Considerations While share price is a key factor, companies considering a split should also weigh other strategic considerations: • Signaling Confidence: A stock split can be seen as a sign of management's confidence in the company's future growth potential. This positive signal can improve investor sentiment and potentially attract new investment. • Maintaining Momentum: A well-timed split can capitalize on a company's positive momentum, further propelling its stock price upwards. However, a poorly timed split during a market downturn might not yield the desired results. • Cost and Complexity: Implementing a stock split involves administrative costs and logistical complexities that companies need to consider. Historical Trends and Potential Outcomes BofA cites historical data showing that stock splits have generally been followed by positive returns. They argue that splits don't dilute the company's value, but rather make it more accessible to a broader investor base. This can lead to increased trading activity and potentially higher valuations. However, it's important to note that correlation doesn't imply causation. While past trends suggest positive outcomes, future performance remains subject to market conditions and individual company fundamentals. The Road Ahead: A Spliting Tech Future? Nvidia's stock split has reignited the conversation around this strategy within the tech industry. With numerous companies sporting high share prices, BofA's prediction of a potential wave of splits holds merit. This trend, if it materializes, could have several implications: • Increased Retail Investor Participation: Lower share prices could attract more retail investors to the tech sector, potentially boosting overall market activity. • Enhanced Liquidity: Broader investor participation can lead to higher trading volumes and improved liquidity for these tech stocks. • Short-Term Volatility: The implementation of splits could lead to short-term market volatility as investors adjust their positions. Conclusion Nvidia's stock split may be a harbinger of a larger trend within the tech sector. Companies with high share prices might consider following suit to broaden their investor base and potentially enhance long-term value. However, the decision to split should be a strategic one, carefully evaluating both the potential benefits and the associated costs and complexities. As the market watches Nvidia's post-split performance, it will be interesting to see if this move ushers in a new era of tech stock splits and how it shapes the investment landscape in the coming years.
NASDAQ:NVDALong
by bryandowningqln
1