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Nvidia draws attention back to Pelosi's stock picks Stock investments by US House Speaker Nancy Pelosi and her husband, venture capitalist Paul Pelosi, are again in the spotlight after shares of Nvidia (NASDAQ: NVDA) declined again after the pair reduced their interest in the semiconductor company. Pelosi is the first female Speaker of the US House of Representatives and second in line to the presidency (after Vice President Kamala Harris). Considering her very public position, her financial matters and by extension, her husband's, always attract attention. In July, the couple sold 25,000 Nvidia shares in a transaction valued between $1 million and $5 million. The shares were sold at $165.05 apiece, reflecting a loss of $340,000. On Sept. 1, Nvidia fell 18.3%, and if not for the July transaction, the Pelosis would have lost $753,000, the news platform added. While the decision may have just been due to good investor instinct, it is being marred by controversies. The filing of a bill in Congress, as well as a visit in Taiwan are making it harder to simply brush some of the controversies under the rug. Semiconductor Boost Paul Pelosi invested in Nvidia on June 17 with the exercise of 200 call options for shares in the company at a price of $100 per share. The transaction was also valued between $1 million and $5 million.. It came at a time when the CHIPS Act is tabled for approval in Congress. The bill, which President Biden signed into law in August, aims to strengthen domestic semiconductor manufacturing, design and research. According to TechRepublic, the law will provide $52 billion for semiconductor manufacturing incentives and research investments, as well as a 25% investment tax credit for semiconductor manufacturing, which would be a great help to companies like Nvidia. New York Post columnist Charles Gasparino labelled the investment the "latest home run" for Pelosi, who Gasparino wrote, "has been killing it in the stock market in recent years," winning with companies that benefit from governmental legislation. Congresswoman Pelosi supported the CHIPS Act. Following the July sale, people have started singing a different tune that the transaction may have been done to alleviate conflict of interest concerns. Or it could be another smart investment move. Nvidia fell nearly 3% at close of trading Sept. 2. It has been on the red that week, likely due to the US government's restriction of the company's sales to China. Another event connecting the House Speaker to the semiconductor industry is her visit to Taiwan on Aug. 2. The visit, which according to BBC was "strongly condemned" by China, involved a meeting with Mark Liu, chairman of the world's biggest chipmaker, Taiwan Semiconductor Manufacturing Co. or TSMC (TPE: 2330). Other Investments Aside from Nvidia, the Pelosis have other investments in public companies. Business Insider reported in July that they have shares in companies including: AllianceBernstein (NYSE: AB), the class A (NASDAQ: GOOGL) and C stocks (NASDAQ: GOOG) of Alphabet, Amazon.com (NASDAQ: AMZN), American Express (NYSE: AXP), Apple (NASDAQ: AAPL), Micron Technology (NASDAQ: MU), Microsoft (NASDAQ: MSFT), Paypal (NASDAQ: PYPL), Salesforce.com (NYSE: CRM), Tesla (NASDAQ: TSLA), Visa (NYSE: V), Walt Disney (NYSE: DIS), and Warner Bros. Discovery Series A (WNASDAQ: WBD). Speaker Pelosi's involvement in these companies prompted a legislation that would prohibit members of the US Congress from trading stocks. After months of resistance, Pelosi dropped opposition of the proposed legislation. Insider included the House Speaker in its list of 25 richest members of Congress, with a net worth of at least $46.1 million. Amid insinuations that this may have something to do with information she passes on to help her husband with his investment decisions, the congresswoman told reporters in July that this was never the case.
NASDAQ:NVDA
by BlackBull_Markets
Nvidia (NASDAQ: $NVDA) Sure Getting Interesting 👀NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds. Its Compute & Networking segment provides Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; cryptocurrency mining processors; Jetson for robotics and other embedded platforms; and NVIDIA AI Enterprise and other software. The company's products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, independent software vendors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants. It has a strategic collaboration with Kroger Co. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.
NASDAQ:NVDALong
by RedHotStocks
12
SPX SP500 Bottom predictionHere is my prediction of the SP market bottom. How do we get here. well currently the small and medium stocks that were overpriced have been smashed, I'm talking about all specs the poster child of the 2020 run, all speculation stocks lemonade, zoom, peloton and other retail favourites have been killed. Ive always said the market will bottom when the big names finally give way, I'm talking about apple Tesla Nvidia has already started. eventually the market masters want to buy at prices they always want to buy at, cheap. when Tesla finally comes from 100 PE ratio to 40, apple back to 20 nvidias down to 25 that's when the market bottoms. its always the big stocks that hold the market up last and right now we are in that phase. keep your eye on Apple its currently around 158/160. this could easily collapse to 130 again if not lower Tesla down to 180/200. this will be the time to load up for the next 5 -10 years. patience is key here don't fight the fed, trend is your friend and no real reversal is in play imo until demand destruction has happened, recession is here, unemployment comes up to 7/8%, interest rates continue to raise higher causing new mortgages to come to a stand still as people won't be able to afford to buy, housing starts coming down again all of this is definitely possible in my opinion. don't forget loads of other macro events too.
SP:SPXShort
by JamesFlem
3
August 25 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to the OKLink data, Ethereum miner addresses have transferred more than 317,000 ETH since August. Bitcoin is up 1% over the last 24 hours and rose to an intraday high of $21,900.00. The largest cryptocurrency has been trading in a tight range between $20,800 and $21,500 since 19 Aug, indicating the demand dries up at higher levels. If bears manage to push the price below this zone, a deeper drop towards $20,000 could be expected. Today’s Cryptocurrency Headline Nvidia's Second-Quarter Net Profit and Game Revenue Fell 72% and 33% Nvidia’s second-quarter gaming revenue was $2.04 billion, down 33% year-over-year and a 44% decline from the first quarter. In addition to the macro environment, Nvidia CFO Colette Kress said "As noted last quarter, we had expected cryptocurrency mining to make a diminishing contribution to gaming demand; we are unable to accurately quantify the extent to which reduced crypto mining contributed to the decline in gaming demand." Furthermore, Nvidia’s total revenue in the second quarter was $6.7 billion, up 3% year-on-year, and net profit was $656 million, down 72% year-over-year. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
$NVDA Nvidia missed earnings! Next level of support has a gap.$NVDA has a very interesting chart. Today NVIDIA announces earnings, missed. The price plunged a bit after hours but not as bad imo. I see a solid accumulation/support near the $157-$161 level. NVDA previously broke out of a falling wedge on July 15th, however, it didn't back test the break-out zone afterwards, holding the support level this week would set up a textbook INVERSE Head & Shoulder pattern with a first target/resistance near the $190 level. Closing above the $190 neckline would open the door to more possibilities such as filling the gaps above (marked in red) created in APRIL 2022. Losing the $157 level would break it down to the low $140's setting up a possible double bottom pattern as a best case scenario. Gaming is a billion dollar industry and most of the crypto decline shock is priced in. NVIDIA is poised for continued upside in the coming years as we slowly enter the metaverse.
NASDAQ:NVDALong
by ChaldeaCode
2
NVDA: Will pull back soon, but bullish longtermNVDA provided a textbook 5-wave impulsive move off the low. The 3rd wave tagged the 1.618 extension and the 5th wave has reached the 2.0 extension. This move has been very clean. However, the fibonacci extensions have been reached and now momentum is beginning to fade (see MACD). That being said, I expect NVDA to pullback over the next 2-3 weeks. I would like to see price retrace to the .5 - .618 retracement levels, filling the gaps in an A-B-C pattern, followed by a push back above the Wave 1 high. If this happens, the price target for wave 3 will be in the 240-250 range.
NASDAQ:NVDALong
by TomDaSpankEngine
$NVDA Nvidia TECH Chart has not shown any signs of reversal$NVDA Nvidia Tech Company has a similar chart to $MU and $AMD - $MU earnings revealed negative sentiment sending both $AMD & $NVDA downward on relation of fear that the chip market is slowing growth. Nvidia has not shown any technical signs of reversal on the lower timeframes yet. Above I've marked important levels on the weekly timeframe. With the slowing growth of $ETH and other crypto currencies, tech stocks like Nvidia and Micron are directly related and effected by the mega drop in value as demand for graphic processors and mining decreases. It's pretty obvious that $NVDA is a top tier company in graphic processors and this decline is mostly due to the decline in our economy. As we progress into the digital age NVIDIA has high probability to bounce back to new heights (of course this could take 12-18 months unless they expand rapidly into different avenues of technology). I will update if I catch any technical chart indications of possible reversal.
NASDAQ:NVDA
by ChaldeaCode
NVIDIA - key support FAILEDNVIDIA Short Term We look to Sell at 159.72 (stop at 170.83) Our bespoke support of 156.00 has been clearly broken. Preferred trade is to sell into rallies. Rallies continue to attract sellers. There is scope for mild buying at the open but gains should be limited. Continued downward momentum from 174.40 resulted in the pair posting net daily losses yesterday. Our profit targets will be 126.78 and 119.10 Resistance: 156.00 / 196.00 / 210.00 Support: 150.00 / 126.00 / 120.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:NVDAShort
by Saxo
Looking for downside :)IMO the most likely path is the one highlighted in red. But something I've noticed is that there has been a lot of impulsive buying recently which has led to those big green candles. I personally dont have any position in this rn, so i want it to go down because I wanna go long on this. Although there is plenty of impulsive buying (and the market seems to be in a bear market rally) I think its best to watch it closely and be skeptical because honestly too many people talking about the bear market rally and I think these guys are gonna trap us bulls. Yeah but if this ends up closing above 200 (204-206) area then it should rally to 230 range. But im thinking itll reject 200 Also this is my first chart so lmk what u think, anything missing? Anything should be moved around? Just let me know lol thanks.
NASDAQ:NVDA
by mattbuns61