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Nvidia

$BMR spiked over 1,195% on teaming up with NVIDIARevolutionizing Video Standards: The Beamr-NVIDIA Partnership In a groundbreaking collaboration, Beamr Imaging ( NASDAQ:BMR ) and NVIDIA ( NASDAQ:NVDA ) are spearheading the transition to the next generation of video standards with their innovative approach to AV1 adoption. Addressing Industry Challenges: The adoption of AV1, a highly efficient video format endorsed by tech giants like Amazon, Google, and Microsoft, has been hindered by complex and costly conversion processes. Existing video libraries, essential for AI, machine learning, and streaming services, are predominantly based on outdated formats like AVC/H.264. This poses significant challenges in terms of compute power, cost, and quality preservation during the transition. Automated Modernization: At the ACM Mile-High-Video 2024 conference, Beamr ( NASDAQ:BMR ) and NVIDIA ( NASDAQ:NVDA ) unveiled their automated solution to this industry-wide challenge. Leveraging NVIDIA's hardware-accelerated AV1 encoding and Beamr's Content-Adaptive-Bitrate technology, the collaboration promises a seamless and cost-effective conversion process. By ensuring optimized bitrate and superior performance, this solution simplifies the transition to AV1 without compromising video quality. Empowering Content Providers: Through their joint efforts, Beamr ( NASDAQ:BMR ) and NVIDIA are democratizing video processing, making it accessible and affordable to content providers of all sizes. Their upcoming video cloud service, set to launch on Amazon's AWS platform, will streamline video processing, further catalyzing the widespread adoption of AV1. Driving Industry Progress: With 53 patents and over a decade of research and development behind them, Beamr ( NASDAQ:BMR ) and NVIDIA are at the forefront of driving industry progress. Their collaboration not only accelerates AV1 adoption but also sets a new standard for video modernization, empowering content creators and enhancing the viewing experience for audiences worldwide. A Vision for the Future: As they prepare to launch their groundbreaking video cloud service, Beamr ( NASDAQ:BMR ) and NVIDIA invite industry stakeholders to join them in shaping the future of video standards. Through continued innovation and collaboration, they aim to unlock new possibilities in video processing and pave the way for a more efficient and immersive digital experience.
NASDAQ:BMRLong
by DEXWireNews
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.
NASDAQ:NVDALong
by DEXWireNews
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.
NASDAQ:NVDALong
by DEXWireNews
Air BNB back to 114 after earnings ? Some analysts express bearish views on Airbnb, but these assessments might be misguided according to Bernstein. Key points of bearish sentiment include: Airbnb’s room nights have grown by only 8% on a compound annual growth rate (CAGR) since 2019. The company has relied on price increases (9% per year) rather than volume growth. Airbnb’s average prices are 40% higher today compared to 2019, leading some to believe it has lost its edge as a budget-friendly hotel alternative. Booking.com, a competitor offering both hotels and short-term rentals, has narrowed the room night growth gap against Airbnb.
NASDAQ:ABNBShort
by NYRUNSGLOBAL
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
NASDAQ:NVDALong
by Signal_Centre1
5
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
NASDAQ:NVDA
by maikisch
11
UBER 80 AFTER EARNINGS !! Uber Technologies Inc. (UBER) has seen significant growth in the past year. The ride-hailing and delivery platform’s shares have skyrocketed 111% in the last 12 months1. This return not only far outpaced the broader Nasdaq Composite index, but it also means Uber is now hitting fresh all-time highs1. Here are some key points to consider for a long position in Uber: Network Effects: Uber’s business benefits from powerful network effects. The larger Uber gets, the more valuable its services become for all stakeholders2. Growth Potential: Between Q3 2019 and Q3 2023, gross bookings and revenue increased 114% and 145%, respectively2. Earnings Forecast: Wall Street analysts expect Uber will release earnings per share of $0.1593. With earnings projections at $9.76 billion, a 5% QoQ increase, and $0.39 earnings per share4. Market Position: Uber’s network effect protects its competitive position. It would be an extremely difficult task for a new entrant, no matter how well funded, to start a competing ride-hailing or delivery business from scratch
NYSE:UBERLong
by NYRUNSGLOBAL
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:
NYSE:DECKShort
by liborbtc
Nvidia - How Long Will It LastHello Traders, welcome to today's analysis of Nvidia. -------- Explanation of my video analysis: All the way back in February of 2014 we saw a breakout of a long term symmetrical triangle on Nvidia. This breakout was followed by an insane +9.500% rally towards the upside. Right now Nvidia is trading in a solid ascending channel and is approaching the upper resistance trendline. I do expect a (short term) pullback from there to retest the support mentioned in the analysis. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:AMD
by basictradingtv
9
DISNEY BACK TO 95 AFTER EARNINGS Disney, a global entertainment conglomerate, has been facing challenges in recent years. The company’s traditional revenue streams, such as theme parks and movie theaters, have been hit hard by the COVID-19 pandemic1. Furthermore, Disney’s streaming service, Disney+, while successful, is facing stiff competition from other platforms like Netflix, Amazon Prime, and HBO Max1. Here’s a short idea based on this information: Short Thesis: Disney’s stock could be overvalued given the challenges it faces. The impact of the pandemic on its traditional businesses and the intense competition in the streaming market could put pressure on its earnings. Therefore, there could be a potential short opportunity. Key Risks: Disney’s diverse portfolio of assets and strong brand recognition could help it weather these challenges. The success of Disney+ and the potential recovery of its traditional businesses as the pandemic eases could lead to a turnaround in the company’s fortunes.
NYSE:DISShort
by NYRUNSGLOBAL
a weekly price action market recap and outlook - nvidia #2Good evening and i hope you are well. Last time i talked about Nvidia was 1 week ago and Nvidia at 610. Time to revisit and adjust. If you took the trade, you made about 51 points. I anticipated a much bigger and longer sideways to down move than we had but that is not important because i said buy and it was buy and it's still buy. So what's next for the stock? I still don't care if you are Jensen himself and you still think this stock is overbought. My guess would be that most Nvidia employees who are not c-level, sold their stock way below 600 and probably calculate their "loss" in missed gains on a daily/weekly level. Does that mean the stock will stop going up in a parabolic way or even down anytime soon? Guess . The thing about FOMO rallies is, no one knows where it will end and it can go so much higher and longer than anyone would have ever guessed. That does not mean it can't go the other direction for a quick 10% in a matter of hours as well. Why? One reason for this behavior could always be that most traders who are long in them, think this rally is a gift from the heavens and keep a tight stop. So if we get one big bear bar, we might as well get a couple or at least sideways movement. What more perfect occurence that the next earnings release is only 13 trading days away. Enough bearish talk. This stock is just going up and there is no reason why this can't continue for another 1-2 weeks. I have painted some rough targets above where some profit taking could occur. Big round numbers are always good for that. I have some calculated targets around 700. If market keeps giving, 800 is not out of the question and there is also a "complete insanity move" target at around 900 but if you bet on that... Don't know what to tell you. That's the hail mary throw of throws. short term: up medium-long term: I try hard to push any bias aside an focus only on the price action for this parabolic rally. It's unsustainable and will require some sort of correction the next weeks to months but when and how deep? No. One. Knows. So i won't pretend i do. You have to wait until it happens and then see how it unfolds to calculate targets. If you try to pick tops here, you are as good as broke. Have a great sunday
NASDAQ:NVDALong
by priceactiontds
1
NVIDIA's Soaring Market Value: Propelled by AI OptimismNVIDIA Corp (NASDAQ: NASDAQ:NVDA ) experienced an unparalleled surge in market value during January, breaking records and solidifying its position as the world's most valuable chipmaker. This monumental achievement, marked by a staggering $296.52 billion increase, has captivated investors and analysts alike. As we delve into the factors fueling this extraordinary rise, we uncover a narrative shaped by the burgeoning demand for artificial intelligence (AI), positive analyst projections, and NVIDIA's strategic moves in the AI landscape. AI-Driven Optimism: NVIDIA's (NASDAQ: NASDAQ:NVDA ) meteoric rise in market value finds its roots in the surging optimism surrounding artificial intelligence. With the company positioned at the forefront of AI innovation, the market has responded favorably to NVIDIA's commitment to advancing the field. The recent announcement of expanded AI offerings, coupled with breakthroughs in desktop graphics processors and AI-related components and software, has propelled the stock to new heights. As AI continues to reshape industries, NVIDIA (NASDAQ: NASDAQ:NVDA ) stands poised to capitalize on the growing demand for cutting-edge technologies. Record-Breaking Momentum: January witnessed NVIDIA (NASDAQ: NASDAQ:NVDA ) setting a monthly market value increase record, surpassing its own previous high set in May 2023. The company's market capitalization now stands at an impressive $1.52 trillion, reinforcing its dominance in the semiconductor industry. This extraordinary achievement underscores the market's acknowledgment of NVIDIA's strategic vision and its ability to stay ahead in the rapidly evolving tech landscape. Microsoft's Parallel Ascent: In the tech realm, Microsoft has also experienced a robust increase in market value, adding $159.36 billion in January. The surge is attributed to the rising demand for its Azure cloud service. As NVIDIA forges ahead in AI, Microsoft's parallel ascent emphasizes the industry-wide recognition of the pivotal role played by both companies in shaping the future of technology. Microsoft's quarterly profit and revenue exceeding estimates further bolstered investor confidence. Meta Platforms' Resurgence: Meanwhile, Meta Platforms, formerly known as Facebook, witnessed a resurgence in market value, crossing the $1 trillion mark for the first time since September 2021. The 14% surge in Meta's stock after reporting a 25% jump in revenue to $40.1 billion for the December quarter has positioned the social media giant as a formidable player in the evolving tech landscape. Tesla's Contrasting Fate: In stark contrast, Tesla Inc emerged as the weakest performer among the top 20 global companies by market cap. Concerns over slowing growth led to a 24.5% decline in its market value over the last month. CEO Elon Musk's cautionary statements regarding lower sales growth despite recent price reductions have raised questions about the electric carmaker's trajectory. Technical Outlook and Investor Sentiment: From a technical perspective, NVIDIA's medium to long-term outlook appears robust, with a broken rising trend signaling even stronger growth. The absence of resistance in the price chart indicates potential for further upward movement. Conclusion: NVIDIA's (NASDAQ: NASDAQ:NVDA ) unprecedented surge in market value reflects not only the company's prowess in AI but also the evolving landscape of technology. As the demand for advanced computing and AI solutions continues to soar, NVIDIA's strategic positioning and groundbreaking innovations position it as a key player shaping the future of the tech industry. Investors and enthusiasts alike will be closely watching how the company navigates the dynamic market conditions and sustains its remarkable momentum in the months to come.
NASDAQ:NVDALong
by DEXWireNews
EURUSD BULL TIME !! The EUR/USD pair is currently trading near 1.08501. The pair has been experiencing some bearish momentum, with the near-term technical outlook pointing to a build-up of bearish momentum1. However, the USD has been struggling to find demand, which has helped the pair hold its ground1. If you’re considering a bullish position on EUR/USD, it’s important to monitor key levels of support and resistance. The Fibonacci 50% retracement level of the October-December uptrend aligns as critical support1. If EUR/USD falls below that level and starts using it as resistance, 1.0740 (static level) could be seen as interim support before 1.0700 (psychological level, Fibonacci 61.8% retracement)1. On the upside, 1.0830 (former support, static level) aligns as immediate resistance before 1.0865 (Fibonacci 38.2% retracement) and 1.0900 (psychological level, static level) 28 DAYS TP 1.1150 After FOMC
Long
by NYRUNSGLOBAL
Nvidia's Strategic Leap into AI: Unveiling a $150 Mil Investment In a bold move that underlines Nvidia Corporation's ( NASDAQ:NVDA ) commitment to shaping the future of artificial intelligence (AI), the renowned chip and graphics card manufacturer has recently joined forces with FTV Capital, Coca-Cola, and Airbus in a $150 million funding round for Kore.ai, an Orlando-based startup specializing in AI-powered chatbots. This latest investment solidifies Nvidia's ( NASDAQ:NVDA ) position at the forefront of the AI revolution, leveraging its high-end chips to power innovative solutions in diverse industries. With a growing portfolio that already includes investments in Hugging Face, Cohere, and Mistral AI, Nvidia ( NASDAQ:NVDA ) is strategically aligning itself with cutting-edge AI technologies that have far-reaching implications. Kore.ai, led by CEO Raj Koneru, has experienced exponential growth, boasting an impressive clientele that includes global giants such as Coca-Cola, Airbus, Roche Holding AG, and LG Electronics Inc. The startup's focus on developing virtual assistants for major brands positions it as a key player in the rapidly evolving landscape of AI-driven customer interactions. Nvidia's involvement in this funding round goes beyond a mere financial transaction. As a long-time advocate for AI initiatives, the company is extending its influence into the development of next-generation AI applications. The partnership with Kore.ai not only underscores the versatility of Nvidia's ( NASDAQ:NVDA ) products but also highlights its commitment to fostering innovation and technological advancement. Raj Koneru, in a recent statement, revealed that Kore.ai is gearing up for an initial public offering (IPO), signifying the startup's confidence in its trajectory and the broader market's appetite for AI-driven solutions. Nvidia's investment comes at a pivotal moment, aligning with Kore.ai's ambitions for expansion and market dominance. Nvidia's ( NASDAQ:NVDA ) deepening involvement in AI ventures is a testament to the company's forward-thinking strategy. Beyond manufacturing cutting-edge hardware, Nvidia ( NASDAQ:NVDA ) is actively participating in the AI ecosystem, strategically positioning itself to capitalize on the widespread application of its products. The synergy between Nvidia's chips and the AI algorithms developed by companies like Kore.ai has the potential to redefine industries, from customer service to manufacturing and beyond. This latest move also emphasizes Nvidia's ( NASDAQ:NVDA ) role as a catalyst for the AI revolution, fostering collaboration and investment in companies that share a vision for a future where artificial intelligence plays a central role in shaping our everyday lives. In conclusion, Nvidia's $150 million investment in Kore.ai is not just a financial transaction; it is a strategic move that cements the company's status as a key player in the AI landscape. As the world increasingly relies on AI-powered solutions, Nvidia's commitment to fostering innovation positions it as a driving force in shaping the future of technology.
NASDAQ:NVDALong
by DEXWireNews
a weekly price action market recap and outlook - nvidiaGood morning and i hope you are well. Let's talk some Nvidia. I don't care if you are Jensen himself and think this stock is overbought. There is nothing, i repeat: nothing , bearish about this chart at all. I'm a price action trader so please keep your macro analysis to yourself. This stock is producing gaps above ath's so just don't waste brain capital on looking for shorts. I painted some long ideas and my next best guess on what bullish pattern could play out. And some have the 700 area as a target. I will always try to be a bear and look for arguments for a bear case. Looking at the chart, there is literally nothing on why you should be a bear. So i have to write something i think is mostly fairy dust. Bears could pray for "bad" earnings or at least a bad market reaction to the earnings. Even if that is what is going to happen, you should ask yourself, what are the odds that this goes from probably the most bullish stock on the planet to a stock in a bear trend? That's as low probability as it gets and you can't trade this profitably. Multiple bull trend lines, gaps and retest have to happen first, become the market is convinced that the high is clearly in. Obviously a black swan event can always happen and everything i wrote goes out the window. short term: do you really need me to say it. medium-long term: trickier, because do you want to buy into consecutive ridiculous buy climaxes? does it mean the stock will go down anytime soon? both a big no from my side so if you are not long already, you are trapped out. that's it. you need to let it go and wait for better risk:reward trades. this has nothing to do with longing this for intraday trades. Have a great sunday
NASDAQ:NVDALong
by priceactiontds
8
Apple Back to 182 Consolidation AreaApple Inc. Explore A Bearish Perspective on Apple Stock Apple Inc., the tech giant known for its innovative products and services, has been a darling of Wall Street for many years. However, some analysts are turning bearish on the company’s stock. Here’s a closer look at why. Underperformance in 2023 Despite gaining an impressive 49% in 2023, Apple’s stock was the worst-performing FAANG constituent of the year1. The company reported negative revenue growth in all four quarters of 2023, the first time since 2001 that the company’s revenues fell YoY for four straight quarters1. Downgrades in 2024 The start of 2024 hasn’t been positive for Apple either, with three brokerages downgrading the stock within the first two weeks of the year1. Redburn, Piper Sandler, and Barclays have all downgraded the stock1. While Redburn and Piper Sandler now rate the stock as a “Hold” or equivalent, Barclays downgraded the stock to a “Sell” equivalent with a Street-low target price of $1601. Concerns Over iPhone Sales Some brokerages are turning bearish on Apple amid fears of an extended slowdown in iPhone sales1. Analysts are especially worried about the outlook for iPhone sales in China, which is the company’s third-biggest market behind the U.S. and Europe, and accounted for around 19% of its fiscal year 2023 revenues1. Apple is facing tough competition from domestic Chinese smartphone companies like Huawei and Xiaomi1.
NASDAQ:AAPLShort
by NYRUNSGLOBAL
NVIDIA Pioneers $30 Mil Initiative to Propel U.S. AI Research In a groundbreaking move, VANTAGE:NVIDIA ( NASDAQ:NVDA ) has joined forces with the U.S. National Science Foundation (NSF) to spearhead the National Artificial Intelligence Research Resource (NAIRR) pilot project. This strategic partnership, aimed at advancing the United States' artificial intelligence industry, sees NVIDIA ( NASDAQ:NVDA ) committing a substantial $30 million towards cutting-edge AI technologies, supercomputing capabilities, and relevant software over the next two years. The NAIRR pilot project, launched in collaboration with 10 federal agencies, private-sector entities, nonprofits, and philanthropic organizations, seeks to provide researchers and diverse communities with comprehensive access to high-level computing, data resources, AI models, and software. The overarching goal is to accelerate AI research, drive innovation, and enhance the country's global competitiveness in the rapidly evolving field of artificial intelligence. At the heart of this initiative is the vision of creating a national research infrastructure that empowers researchers and communities across the U.S. The commitment of $30 million from NVIDIA ( NASDAQ:NVDA ) is a pivotal factor in expanding the scale of the pilot, fostering potential breakthroughs, and catalyzing momentum towards full-scale implementation. The NAIRR pilot's primary objectives are to support fundamental AI research, promote domain-specific research applications, and extend access to AI innovation to communities currently underserved by the AI ecosystem. This includes smaller institutions, rural areas, and institutions serving underrepresented populations that may lack the resources to independently build their computing or data infrastructure. NVIDIA's ( NASDAQ:NVDA ) collaboration with scientific centers goes beyond financial contributions. By scaling up educational and workforce training programs, the initiative aims to enhance AI literacy and skill development across the scientific community. The partnership also facilitates insights from researchers using NVIDIA's platform, contributing to the refinement and enhancement of the company's technology for scientific applications. The comprehensive support from government partners, including the NSF, U.S. Department of Agriculture, U.S. Department of Energy, and others, underscores a unified approach towards advancing AI research. The NAIRR pilot builds on the U.S.'s rich history of leading large-scale scientific endeavors, mirroring the creation of the internet, which played a pivotal role in advancing AI. The initiative aligns with President Biden's Executive Order 14110, signed in October 2023, directing the NSF to launch the NAIRR pilot within 90 days. By providing access to advanced computing, datasets, models, software, training, and user support, the NAIRR pilot aims to democratize access to AI innovation and pave the way for future investments in trustworthy AI development. As the U.S. takes a significant step towards establishing itself at the forefront of global AI advancements, the NAIRR pilot promises to drive innovations across sectors, from healthcare to environmental science. This visionary collaboration between NVIDIA ( NASDAQ:NVDA ) and the U.S. National Science Foundation sets the stage for a new era in AI research, with the potential to shape the future of technology and innovation.
NASDAQ:NVDA
by DEXWireNews
1
NVidia looking toppishNVIDIA seems to be near the completion of its wave 3. In log scale, we can easily see 5 waves completed forming the inside of wave 3. In the log scale chart we are also at the resistance area of the line linking the tops. A pullback, possibly all the way down to $400, would be imaginable for a wave 4. We are seeing negative divergence on the RSI-21 week which adds a bit of confidence to this call. New highs in the short term would possibly means that the stock is making extension and going further into its parabolic move.
NASDAQ:NVDAShort
by waverity
1
Nvidia Continues on it's impulsive move towards completionNvidia is trading just shy of it's 1.382% Fib extension level at $609 where we would normally see a wave 3 terminate in the premarket. If price has designs to extend, it will more than likely do so in a wave 3. It will be interesting to see how this coincides with the broader SPX cash and futures market, which appears to be in the exact same scenario. The apparent way Nvidia is subdividing and where it is in the overall count continues to cause me to suspect this entire pattern could complete around earnings time. If this was to align properly, that would mean that earnings will be used as a sell event. Something to keep in mind.
NASDAQ:NVDA
by maikisch
13