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🚀💻 Nvidia (NVDA) Analysis 📈🔍Market Overview: Nvidia's NASDAQ:NVDA recent rally has bolstered bullish confidence, driven by anticipated revenue and profit growth, and positive analyst outlooks, particularly from Goldman Sachs. The company's leading position in the AI-powered GPU sector further contributes to positive sentiment, with potential for continued uptrend supported by upcoming earnings reports. Analyst Projections: Goldman Sachs' raised target price of $1,100 per share reflects market optimism, fueled by revenue growth forecasts to $110 billion by 2025 and 8% annual profit growth through 2027. Investment Outlook: Long-Term Breakout: Investors are eyeing a potential long-term break above the $1,000 mark, aiming for sustained momentum beyond historical highs. Risk Awareness: A break below the current upward trend line could disrupt the bullish scenario, leading to sideways movement or attempts to push the price lower. 📊🔍 Stay vigilant for signs of trend reversal or corrective movements while monitoring Nvidia's performance! #Nvidia #StockAnalysis 📉🚀
NASDAQ:NVDALong
by Richtv_official
Nvidia - Another push higher from here?Hello Traders and Investors, today I will take a look at Nvidia . -------- Explanation of my video analysis: Nvidia stock has been trading in a rising channel formation for a couple of years. We saw the last retest of support in the beginning of 2023 which was followed by an unbelievable rally of 625% towards the upside. At the moment Nvidia is retesting the upper resistance but we might see a retest of the psychological $1.000 level first and then a correction. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:NVDALong
by basictradingtv
2
Nvidia Elliot Wave AnalysisNvidia on hourly candles respecting elliot impulse wave pattern for year 2024. Wave 2 was a classic 3 wave elliot correction wave pattern. This then breaks into wave 3 and is respecting a very tight channel upwards. Expecting 1000+, back to 900s, then price target of 1100+ post July. Heavy chop in wave 3 due to broader market uncertainties and pressures. This stock trades with higher volatilities than others with its market cap. Trade weeklies with caution. Good long if you're 1yr+ long or 6M+ long option calls. My personal take: Nvidia will be the world's first 10T dollar company by 2027 and will be the world's most powerful and sought after company. Their technologies will ensure continued world peace (including in taiwan) and will be an industry leader for the next quarter century. Only invest money you can afford to lose, not investment advice. Goodluck everyone. *disclaimer: I have a May 17 955C position.
NASDAQ:NVDALong
by JKOMOR
1
Robinhood TP 23- 33 After earnings ? Reasons Why !! In Q4 2023, Robinhood’s net revenues increased by 24% year-over-year to $471 million. This growth was driven by higher net interest, transaction-based, and other revenues1. The company reported net income of $30 million, a significant improvement from the net loss of $166 million in Q4 20221. Adjusted EBITDA rose to $133 million, a 62% increase year-over-year1. Customer Growth and Assets Under Custody (AUC): Funded Customers increased by 420 thousand year-over-year to 23.4 million1. AUC surged by 65% year-over-year to $102.6 billion1. Market Expectations and Confidence Robinhood’s ability to turn a profit in Q4, coupled with its record annual revenues, suggests that its strategic initiatives are paying off. The company’s innovative features and strong financial performance have instilled confidence in investors. Remember that stock prices often respond to earnings reports. If the market believes a company is performing well, stock prices tend to go up. Conversely, if confidence wanes, stock prices may decline2. Keep an eye on Robinhood’s upcoming earnings report on Wednesday, May 8th, 20243. It will provide further insights into the company’s performance and may impact its stock price.
NASDAQ:HOODLong
by NYRUNSGLOBAL
Meta Invest a Whooping $30 Billion in NVIDIA GPUsMeta has invested $30 billion in 1 million NVIDIA GPUs to improve its AI model training capabilities and push technological boundaries in AI development. The acquisition, which includes a million GPUs, is one of the largest in the technology industry for such equipment and represents a major milestone in Meta's strategic direction towards the development of advanced AI technologies. Meta's current AI activities focus on refining and training more advanced editions of their Llama-3 models, but the process is slow and time-consuming, justifying the necessity of the new GPU acquisition. Another 500,000 GPUs were acquired to result in a total of one million GPUs, which were used to optimize Meta's AI training operation. John Werner's comparison to the Apollo program in the summit session emphasizes the scale of Meta and its financial investment. To surpass the computational achievements of former space missions, Meta's investment is set to stretch the limits that AI could achieve in terms of speed, efficiency, and complexity of tasks processed. However, the AI industry still needs serious challenges in the supply and costs of required components such as GPUs. The demand for high-performance GPUs has risen, leading to an increase in prices and middlemen in distribution channels. Technological advancements in the scalability of learning algorithms that would be able to use multiple GPUs in parallel would reduce the cost and foster faster AI development, making AI more affordable and efficient. Meta's approach to AI development includes hardware procurement and using the enormous data produced over its platforms. This approach seeks to improve and broaden AI functionalities, which can enrich user experiences on social media platforms such as Instagram and WhatsApp. By becoming more central to Meta's product development and overall strategy, AI will change the influence and role of the tech giant in the technology sector.
NASDAQ:NVDALong
by DEXWireNews
Nvidia Stock Drops 4.18% on Weak Forecast from AMDThe semiconductor industry, known for its dynamic nature, faced a tumultuous day as Advanced Micro Devices ( NASDAQ:AMD ) delivered an uninspiring outlook for the upcoming quarters. The repercussions of AMD's subdued guidance rippled across the market, with its main rival Nvidia ( NASDAQ:NVDA ) feeling the heat, alongside other semiconductor giants like Skyworks Solutions. Let's delve into the details of AMD's forecast, its implications for Nvidia, and the broader semiconductor landscape. AMD's Disappointing Guidance: Despite meeting earnings expectations for the first quarter, AMD left investors wanting more with its revenue forecast. While the company raised its revenue target for the MI300 AI accelerator, it fell short of the market's ambitious expectations. Analysts had hoped for a more robust projection, aiming for figures closer to $4.5 billion to $5 billion. The disparity between AMD's forecast and market expectations triggered a significant sell-off, with AMD's stock plummeting over 9%. Nvidia's Response and Market Reaction: The impact of AMD's lackluster guidance extended beyond its own stock, as Nvidia, its primary competitor, also experienced a sharp decline. Nvidia, renowned for its dominance in the AI chip market, saw its stock retreat by approximately 5%. The correlation between the performance of these two tech titans underscores the intense rivalry and interdependence within the semiconductor space. Skyworks Solutions Caught in the Crossfire: Skyworks Solutions, a wireless-chip manufacturer heavily reliant on the smartphone market, faced its share of challenges amidst the semiconductor turbulence. Despite a modest beat in the March quarter, the company's guidance for the June quarter fell well below expectations. This disappointing forecast led to a staggering 15.4% drop in Skyworks stock, highlighting the vulnerability of companies exposed to rapidly evolving consumer trends. Broader Market Implications: The Philadelphia Semiconductor Index (SOX), a barometer of semiconductor performance, mirrored the turbulence witnessed by individual companies. The index, comprising the 30 largest semiconductor stocks in the U.S., slid by 3.9%, reflecting investor concerns about the industry's short-term outlook. The widespread sell-off underscores the sensitivity of the semiconductor market to company-specific forecasts and broader economic factors.
NASDAQ:NVDA
by DEXWireNews
Does Nvidia have the Strength to Get OMH in the target box?Nvidia has been weak as of the last month, after a major run-up in the stock. Since we have no catalysts on the short term horizon, I am forecasting a fall back towards $700. However, in the short term we can get as high as $927 before falling back towards my target of $700. To get this sort move in the stock I will remove the purple alternative path of the stock being in a wave 4, with a near term push into the $1,000 area. I will warn followers that my longer term target for Nvidia is closer to $400 as I am counting this as a cycle wave II decline. Best to all, Chris
NASDAQ:NVDA
by maikisch
AMAZON 189 AFTER OR BEFORE EARNINGS ?Reasons Why !! Key Financial Insights: Stock Price: Amazon’s stock reached a peak of $189.77 on April 11, 2024, showcasing a remarkable uptrend1. Market Performance: The company’s strong market performance is evident as the stock price hovers close to its 52-week high. Behind the Surge: Amazon continues to dominate the e-commerce space with innovative strategies and a customer-centric approach. The company’s expansion into new markets and consistent investment in technology and infrastructure contribute to its financial health. Investor Confidence: The rise to $189 signifies a vote of confidence from investors who are optimistic about Amazon’s direction and leadership. Analysts remain bullish on the stock, with projections of further growth and a positive outlook for the company’s profitability
NASDAQ:AMZNLong
by NYRUNSGLOBAL
2
COIN 260 - 273 AFTER EARNINGS ?Why Coinbase Could Soar to $260 Post-Earnings Coinbase, the renowned cryptocurrency exchange platform, has been making headlines with its impressive financial performance. As we approach the next earnings release, there’s a palpable buzz around the possibility of the stock price hitting the $260 mark. Here are some compelling reasons why this could become a reality: Strong Earnings Report: Coinbase recently reported earnings per share (EPS) of $1.04 for the quarter, significantly surpassing analysts’ consensus estimates1. This positive surprise is a testament to the company’s robust revenue generation and cost management strategies. Revenue Growth: The company’s net revenue reached $905 million in the fourth quarter, marking a 45.2% increase from the previous quarter2. This surge in revenue reflects Coinbase’s ability to attract and retain a substantial user base, despite the volatile nature of the cryptocurrency market. Profitability: For the first time since the fourth quarter of 2021, Coinbase reported a net income of $273 million2. This return to profitability could be a strong indicator of the company’s financial health and operational efficiency. Market Position: With a mission to increase economic freedom worldwide, Coinbase has established itself as a leading platform in the crypto economy3. Its comprehensive suite of services, including trading, staking, and safekeeping, positions it well to capitalize on the growing interest in cryptocurrencies. Analyst Optimism: Some analysts have set high price targets for Coinbase, with predictions reaching as high as $2764. This optimism is fueled by the company’s consistent performance and the expanding adoption of crypto assets. Technological Edge: Coinbase is not just a marketplace for crypto transactions; it’s also a technology provider that enables developers to create innovative crypto products3. This dual role could be a key driver in the company’s future growth and stock price appreciation. Macro Factors: The broader financial market’s sentiment towards cryptocurrencies and blockchain technology can significantly impact Coinbase’s stock. Positive developments in the crypto space often translate into increased trading volumes and higher revenues for exchanges like Coinbase.
NASDAQ:COINLong
by NYRUNSGLOBAL
A Traders’ Week Ahead Playbook: Buy the dip or sell the rip?We move on from a week where strong momentum markets (AI names, NAS100, JPN225, Mexican peso) were sold down hard, with traders better buyers of the VIX, US30, gold, CHF, USD, and defensive equities (utilities). Notably, the NAS100 recorded its worst week since November 2022, driven in part by market players part-liquidating an incredibly extended position in Nvidia, with 87m shares traded on Friday alone. Tesla and Super Micro Computers also seeing steep declines on the week, with Tesla remaining front and centre with Q124 earnings due after-market on Tuesday – many ask whether we see a fifth consecutive quarter where shares closed lower on the day of reporting? Long US30 / short NAS100 positions have worked well and remain a tactical play I like into the new week - although with so many heavyweight tech names reporting through the week, NAS100 shorts will watch the reaction to earnings closely and will be prepared to react if the market likes what they see from the respective outlooks. While sentiment has turned more negative, there is absolutely no panic at all and I’d to see if the buyer’s step in and support the S&P500 a little lower into 4935. That said, the price action and technical set-up suggests selling rallies in the US500 and NAS100 is the play – and if one is compelled to ‘buy dips’, then waiting for the rip after early traders buy the dip seems the higher probability play. Geopolitical headlines remain fluid and have been a key reason for keeping buyers of risk at bay – many will remain focused on these developments as we roll into the new week. The news flow was certainly a key reason why gold closed higher for a fifth straight week and at a new all-time closing high on Friday, as it was why the CHF was the star currency on the week. That said, with Brent crude closing the week 3.1% lower, one could argue it was the move higher in US bond yields – with the US 10yr Treasury pushing above 4.6% - that was really the big kicker that promoted rotation out of tech/AI names and supported the USD. Short GBPUSD and long USDMXN on any retracement remains a compelling trade on my radar. Watch US PCE inflation on Friday as the marquee risk on the data front – for a playbook, we could see outsized market moves on a US core PCE print above 0.4% m/m (USD up, gold, NAS100 down) or below 0.25% m/m (USD down, NAS100 and gold higher). A read above 0.4% m/m and the idea of a cut before the US Presidential election would be further dialled back. There will be a focus on the BoJ meeting, but it is too soon for them to alter policy, and the market gives a change in rates no chance at all. If we get a move in the JPY, it will likely come from any changes to the bank’s inflation forecasts and the post-meeting conference call. We remain on JPY intervention watch, and signs that we are getting closer to the point where Japanese authorities look to step up the fight against JPY's weakness. PMIs are due in the UK, EU, and US and they could move markets, notably if the service’s PMI outcome misses/beats expectations by a wide margin. Australia Q1 CPI poses a risk to AUD exposures, although, with such little priced into Aussie interest rate futures, it would need to big surprise to have a lasting effect on AUD pairs. Bitcoin moves past the highly anticipated halving and while we predictably didn’t get any kneejerk reaction in price, the set-up on the higher timeframes is starting to look more compelling from the long side. There was clear support from the market to buy on the move below $60k and this is a level many are guiding for stops on longs. An upside break of $66k could be the trigger for a push into the top of the range of $72k. Key event risk for traders to navigate: Monday • China 1 & 5-year Loan Prime Rate decision (11:15 AEST / 14:15 BST) – No change expected with the 1-year rate left at 3.45% and the 5-year rate at 3.95%. Earnings – SAP (Germany) – one to watch for clients trading the GER40, with SAP holding a 10% weight on the index. Central bank speeches – BoE’s Benjamin speaks (19:05 AEST / 10:05 BST) Tuesday • EU HCOB manufacturing and services PMI (18:00 AEST / 09:00 BST) – Service PMI eyed at 51.8 (from 51.5 in the prior read) & manufacturing at 46.5 (from 46.1) • UK S&P manufacturing and services PMI (18:30 AEST / 09:30 BST) - Services at 53.0 (53.1) & manufacturing at 50.4 (50.3) • US S&P Global manufacturing and services PMI (23:45 AEST / 14:45 BST) - Services at 52.0 (51.7) & manufacturing at 52.0 (51.9) Earnings – Tesla (after-market), Visa (after-market) Central bank speeches – BoE Haskel (18:00 AEST), BoE Huw Pill (21:15 AEST), ECB Nagel (22:30 AEST) Wednesday • Australia Q1 CPI (11:30 AEST / 02:30 BST) – The economist consensus looks for headline CPI at 0.8% QoQ / 3.5% YoY (4.1%), and the trimmed mean CPI measure eyed at 3.8% YoY (from 4.2%). With Aussie interest rate futures pricing in just one rate cut in 2024, it would take a big beat/miss vs consensus to drive significant volatility in the AUD, with the AUD more sensitive to geopolitical headlines and broad market sentiment. • Mexico Bi-weekly CPI (22:00 AEST / 13:00 BST) – the consensus is for headline CPI to come in at 4.49% (4.37%) and core CPI at 4.38% (4.41%) Earnings – Lloyds (UK), Boeing (before-market), IBM (after-market), Meta (after-market) Thursday Anzac Day – ASX200 closed. Earnings – Barclays (UK), Caterpillar (before-market), Alphabet (after-market), Intel (after-market), Microsoft (after-market) Central bank speeches – ECB’s Schnabel speaks (00:00 AEST and 17:00 AEST) Friday • Tokyo CPI (09:30 AEST / 00:30 BST) – headline CPI is eyed at 2.5% (2.6%) and core CPI at 2.2% (2.4%) – shouldn’t be a volatility event for the JPY or JPN225 • Bank of Japan meeting with updated GDP and inflation forecasts (no set time but likely between 12:00 and 15:00 AEST / 03:00 to 06:00 BST) – no change in policy expected, so the focus falls on the bank's inflation projections and the post-meeting conference call. • ECB 1- & 3-year CPI expectations (18:00 AEST / 09:00 BST) • US core PCE inflation (22:30 AEST / 13:30 BST) – headline PCE inflation is expected at 0.3% m/m and 2.6% y/y (from 2.5%) and core PCE at 0.3% m/m and 2.7% y/y (2.8%). Earnings – Exxon (Before market), Chevron
PEPPERSTONE:NAS100
by Pepperstone
1
NVIDIA April 24Nvidia, do your own M M Targeting Discount 50% fib ( 684 ) & 61.8 fib ( 615 )from LastLow 393 ~ HigherHigh 975 Buy plan, Purple -Range 725 ~ 663 -Fomo : buy at 1st touch -Safety but possible too late: buy at 2nd touch purple box or wait confirmation technical / news try to get the Avg holding at 700 or under, as long as the price D1 closed bellow 787 Escape plan, Blue -Avg Down, Range 628~600 to get Avg price under 690 -Cutloss / Partial sell : Nearest SBR base at 690 -2nd option, put into your Invest account, as long as the price W1 closed above 500, its still good for long term. Target Plan, Green-Purple -Head of HH range: 897~975 -To continue up trend , W1 need to closed above 975. No retrace if the NVIDIA boosted by news. Otherwise Buy price Avg Up could be at 930. And keep the Avg holding price under 833 when doing avg up
NASDAQ:NVDALong
by Raiden_R
Nvidia - Struggling at the highs!Hello Traders and Investors, today I will take a look at Nvidia. -------- Explanation of my video analysis: For more than 6 years Nvidia stock has been trading in a pretty obvious rising channel formation. At the moment Nvidia stock is actually retesting the upper resistance trendline. Considering that Nvidia stock also rallied 650% over the past couple of months, it is quite likely that we will see at least a short term correction towards the downside, retesting the previous all time high. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:NVDA
by basictradingtv
11
GOOD BTC ENTRY !! SL 59K TP 72KREASONS WHY !! Market Sentiment and Momentum: Bitcoin soared in 2023, and experts predict further gains in 2024, potentially reaching $80,000. Despite long-term optimism, Bitcoin experienced a recent dip. Technical indicators suggest potential downside, but the market remains in a tug-of-war. If buyers can push past the $44,700 resistance, a jump to $48,000 is in sight. Spot Bitcoin ETF Launch: The launch of a spot Bitcoin ETF in early 2024 is poised to revolutionize the crypto landscape. This move is expected to attract significant capital from both retail and institutional investors, further fueling Bitcoin’s ascent. Bitcoin Halving Event: Scheduled for April or May 2024, the Bitcoin halving event will curtail the yearly supply of new Bitcoin. This reduction in supply could establish conditions where demand potentially outstrips supply, a fundamental factor in the optimistic price forecast. Investor Confidence and Accumulation: Investors are holding on to their BTC with conviction stronger than in 2021. Relative realized profits show that despite a new all-time high, selling has not been as significant as during the previous cycle. Consistent accumulation since February 2024 indicates confidence among investors, expecting further price growth.
BITSTAMP:BTCUSDLong
by NYRUNSGLOBAL
BLACKROCK TP 806 As of the most recent data, the stock price for BLK is approximately $803.981. Here are some relevant points to consider: Analyst Consensus Price Target (2024): The average consensus price target for BlackRock is $796.00, with a range from $542.00 (low) to $938.00 (high). This indicates a potential upside of approximately 0.60% from the current price. Long-Term Forecast (2025): Based on technical indicators, the current sentiment is bearish, but BLK could still hit $1,167.96 by 20252. Keep in mind that trading in bearish markets can be challenging and may result in losses. Long-Term Price Forecast (2050): Analysts predict that by 2050, the median target price for BLK could be $4,462.69, representing a substantial increase from the current price.
NYSE:BLKLong
by NYRUNSGLOBAL