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Nvidia is down 14% in Monday's Trading Entering Acquisition ZoneNvidia, a leading player in the semiconductor and AI sectors, has been making waves in 2024 with a series of strategic acquisitions. Despite facing increasing regulatory scrutiny and a cooling trend in AI mergers and acquisitions (M&A), the company is positioning itself for what could be its most acquisitive year yet. However, Nvidia's aggressive expansion strategy has not come without its challenges, reflected in its recent stock performance. Nvidia's Acquisition Strategy in 2024 As of mid-2024, Nvidia ( NASDAQ:NVDA ) has announced four acquisition deals, matching its total for the entire year of 2020. This activity underscores the company's commitment to bolstering its capabilities and expanding its influence in the AI and semiconductor industries. Some of the notable acquisitions include: 1. Run:ai: In April, Nvidia agreed to acquire this Israeli firm known for its technology that enhances GPU efficiency. However, the deal has yet to close due to regulatory scrutiny from the U.S. Department of Justice (DOJ). 2. Deci AI: Another Israeli startup, Deci AI, was acquired in May for $300 million. Deci AI provides tools for developers to build AI models, further strengthening Nvidia's position in the AI ecosystem. These acquisitions highlight Nvidia's strategy to integrate advanced technologies and enhance its product offerings, especially in the AI domain. However, the company’s rapid expansion has attracted the attention of regulators. Regulatory Hurdles and Market Reactions Nvidia's acquisition spree is occurring under the watchful eyes of regulators. The DOJ and the Federal Trade Commission (FTC) are investigating Nvidia, along with Microsoft and OpenAI, for potential antitrust violations. This scrutiny has delayed some of Nvidia's deals, including the acquisition of Run:ai, reflecting broader concerns about market concentration in the rapidly growing AI sector. The regulatory environment is becoming increasingly challenging for large tech companies. Nvidia's past experience with regulatory interference is notable, particularly the failed $40 billion acquisition of ARM from SoftBank in 2020, which was terminated in February 2022 due to regulatory hurdles. This history underscores the complexities and risks associated with large-scale acquisitions in the tech industry. Market Performance and Investor Sentiment Amid these regulatory challenges, Nvidia's stock has experienced significant volatility. Recently, Nvidia shares plummeted 14% in Monday's trading session, marking a substantial decline that brought the stock price to sub-$100 levels. This drop is part of a broader trend affecting the semiconductor sector, with other major players like Advanced Micro Devices (AMD) and Intel also seeing substantial declines. The market reaction reflects investor concerns over regulatory risks and the overall health of the tech sector. The semiconductor industry is particularly sensitive to geopolitical tensions, trade policies, and macroeconomic factors, all of which have contributed to recent market volatility. Opportunities and Risks Despite these challenges, Nvidia remains a powerhouse in the AI and semiconductor industries. The company's acquisitions aim to enhance its technological capabilities and maintain its competitive edge. For instance, the integration of Run:ai's technology could significantly improve GPU efficiency, while Deci AI's tools could streamline the development of AI models, both of which are crucial for Nvidia's growth strategy. Technical Outlook At present, Nvidia stock ( NASDAQ:NVDA ) has declined by 10.61% and is trading above both the 50-day and 100-day Moving Averages (MAs). The stock's Relative Strength Index (RSI) stands at 34, placing it within the oversold territory. Concurrently, the broader stock indexes and the cryptocurrency market are undergoing a downturn, with Bitcoin ( CRYPTOCAP:BTC ) plummeting to $50k, underscoring the market's volatility. This situation has resulted in a 1 billion-dollar liquidation of trades today. Prior to engaging in any stock transactions today, it is prudent to conduct a comprehensive risk assessment as the Moving Average Convergence Divergence (MACD) has decreased by -2.29, indicating a pronounced bearish divergence. Conclusion Nvidia's aggressive acquisition strategy in 2024 reflects its ambition to dominate the AI and semiconductor sectors. While the company is navigating a complex regulatory environment and market volatility, its recent deals highlight its commitment to innovation and growth. Investors and industry observers will be closely watching Nvidia's next moves, especially as it approaches its earnings announcement on August 28. Despite the challenges, Nvidia's strategic acquisitions and technological advancements position it well for future opportunities in the dynamic and competitive tech landscape.
NASDAQ:NVDA
by DEXWireNews
2
My bearish price targets for $NVDA are reached, now what?My bearish price targets for NASDAQ:NVDA #NVIDIA are reached: 97.39 > 96.76 > 92.21. We pulled back -35% from the top. This could be a healthy pullback. Next is to find out if we can hold this support area: - If we hold support, we can go for new all time highs. If you think so, support levels can be a good entry point for a LONG position. - If we don't hold support, the next support level is sitting around ~$50. Also, if we look at the fundamentals (//penketrading.com/symbols/NVDA.NASDAQ/) the company is growing fast, but even with this growth and my 10 year intrinsic value calculation the value is between $12.48 - $38.27 per share. Just my analysis, not financial advice. What do you think? Best regards, Penke
NASDAQ:NVDA
by PenkeTrading
UBER 80 Afrer earnings ? NYSE:UBER Uber Technologies Inc. Stock Surges to $75-$80 Range Following Strong Earnings Report Uber Technologies Inc. (NYSE: UBER) has seen a significant boost in its stock price, reaching the $75-$80 range after the release of its latest earnings report. The ride-sharing giant reported impressive financial results for Q2 2024, with total revenue hitting $10.13 billion. This marks a notable year-over-year growth of 15%, showcasing Uber’s ability to expand its market presence and drive revenue despite challenging economic conditions. The company’s strong performance was driven by increased demand for its ride-sharing and delivery services, as well as strategic investments in new technologies and markets. Uber’s net loss widened to $654 million, but the market responded positively to the revenue growth and future potential1. This optimism among investors has propelled the stock to new heights, reinforcing confidence in Uber’s long-term growth strategy. As Uber continues to innovate and expand its service offerings, the future looks bright for this industry leader. Investors and market watchers will be closely monitoring how Uber leverages its current momentum to drive further growth and shareholder value. CAFE CITY STUDIO & NY RUNS GLOBAL INC. NYC
NYSE:UBERLong
by NYRUNSGLOBAL
Nvidia Adds $330 Billion in a Single DayNvidia's stock valuation skyrocketed, adding $330 billion in a single day, surpassing its prior record gain of $277 billion. This increase was fueled by Microsoft announcing a 60% increase in AI spending for 2024, totaling $69 billion. Consequently, Nvidia's stock price surged nearly 13%, elevating its market cap to $2.88 trillion and making it the third-most valuable company globally, behind Apple and Microsoft. Despite this record-setting performance, Nvidia faced a tumultuous July, with its stock price decreasing by 16% throughout the month, closing down 5% despite a partial recovery. This decline reflected broader market volatility, as seen in the Nasdaq’s 1.5% drop. On Tuesday, Nvidia's shares dipped 7%, testing the crucial $100 support level. However, the positive response to Microsoft's investment suggests Nvidia might maintain its momentum above this critical threshold. Last month, the stock hit multiple highs, peaking at $140 on June 20, indicating strong market confidence. For Nvidia to surpass this record high, its stock would need an additional 20% gain. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:NVDALong
by Sublime_Trading
AMD Skyrockets Over 9%, Nvidia Rises: What’s Driving the Surge?Overview Advanced Micro Devices, Inc. (NASDAQ: NASDAQ:AMD ) saw its shares soar over 9% in premarket trading on Wednesday, following an impressive second-quarter earnings report that exceeded expectations. The strong performance has also positively impacted rival Nvidia (NASDAQ: NVDA), which experienced a rise in its stock price. Here’s a detailed look at what’s happening and why AMD is grabbing headlines. Record-Breaking Q2 Performance NASDAQ:AMD ’s second-quarter results were stellar, with revenue and earnings surpassing Wall Street's expectations. The highlight was a record surge in data center revenue, which soared to $2.8 billion, marking a 115% year-over-year increase and a 21% sequential growth. This surge was driven by high demand for AMD's Instinct, EPYC, and Ryzen processors. CEO's Optimism Lisa Su, AMD's CEO, expressed confidence in the company’s trajectory, stating, “Our AI business continued accelerating and we are well positioned to deliver strong revenue growth in the second half of the year led by demand for Instinct, EPYC, and Ryzen processors.” This positive outlook has further fueled investor confidence. Strong AI Business Growth A significant contributor to AMD's success has been its AI business. On the earnings call, Su mentioned that leading cloud and enterprise providers expanded the availability of Instinct MI300X solutions, and quarterly revenue for MI300 exceeded $1 billion for the first time. This milestone underscores the robust demand for AMD’s AI and data center products. Impact on Rivals and Sector-Wide Rally The positive sentiment generated by AMD's strong quarterly results has extended to other semiconductor companies, particularly Nvidia. Nvidia shares rose 5.40% to $109.40 in premarket trading, buoyed by the anticipation of its upcoming earnings report on August 28. Qualcomm also experienced gains, as AMD’s success provided a boost to the overall sector. Geopolitical and Sector-Wide Factors The semiconductor sector received additional uplift from reports suggesting potentially less severe U.S. export restrictions on China. According to news sources, new U.S. chip export restrictions might exclude allies like the Netherlands, Japan, and South Korea, which alleviated some concerns in the market. This news, combined with positive earnings, contributed to the rally in semiconductor stocks. Global Semiconductor Rally Shares of global semiconductor firms rallied on Wednesday, boosted by the strong earnings in the sector and favorable geopolitical developments. Samsung’s shares rose significantly after a notable jump in operating profit, and ASML also saw gains following the Reuters report on U.S. export restrictions. AMD Stock Performance NASDAQ:AMD stock, which had been down over 6% year-to-date, climbed 9.40% to $151.45 in premarket trading. If these gains hold, NASDAQ:AMD could erase its year-to-date losses. This strong market reaction reflects the confidence investors have in AMD’s growth trajectory and its ability to capitalize on the burgeoning demand for AI and data center technologies. Conclusion AMD's exceptional second-quarter performance, driven by record data center revenue and robust growth in its AI business, has significantly boosted its stock price and positively impacted the broader semiconductor sector. The appointment of CEO Lisa Su and the company’s strategic focus on high-demand areas like AI and data centers have positioned NASDAQ:AMD for continued success. As the semiconductor industry navigates geopolitical challenges and market fluctuations, AMD's strong fundamentals and growth prospects make it a standout player.
NASDAQ:AMDLong
by DEXWireNews
NVIDIA - Levels to Watch NVIDIA - NASDAQ:NVDA The chart demonstrates a pattern of rising parallel channels for durations of approx. 142 - 152 weeks followed by 36 - 46 week corrections. We are currently in a defined rising parallel channel and we are at week 92 of that bull trend, with a further 50 weeks probable based on the historic repeating timeframes. This does not guarantee a repeat timeframe of 142 - 152 weeks, but it does make it more probable. ⚠️What to watch out for? ▫️ Price breaching down and out of the short term parallel channel. This would be an initial warning. ▫️ Price falling below the 50 SMA would be a confirmation of a trend shift to bearish (blue line). ▫️ Otherwise, a roughly 142-152 month bull trend out to mid 2025 looks probable for now. Another option to consider is that we trend sideways for 36 - 44 weeks like we did from Jan - Oct 2018. This type of sideways movement could travel along the top of the long term parallel channel (in blue). Lets keep an eye on the short term parallel channel for that initial warning, otherwise happy trading the trend. You can come back here at anytime and press play and you will get the price updated in terms of the levels marked. PUKA
NASDAQ:NVDALong
by PukaCharts
priceactiontds - weekly update - nvidia #6Good day and I hope you are well. Last time I talked about Nvidia was 2024-07-06 and Nvidia was at 125.8 and my targets were 117 first and later 100. Low was 106.3, so my last post was good for 9$ or 15%. Hope you made some. comment: My reading from 3 weeks ago was correct but market did another bounce in between to form a nice lower high double top. Yes, double tops can be slightly higher/lower and technically function as a double top. Why do you care if they are not perfect if the market is treating them the same way? The big round number 100 as a target remains and the current tight bear channel is decent enough to get us there. There is always the possibility of the pattern failing and market would break above the bear flag to test the highs again. Given the overall market weakness for the past 2 weeks I expect a bounce more than another strong leg down. Given that the upcoming week will have huge amount of big earnings, I think market will react to those and I am not in the business of forecasting earnings. So how does this information help with structuring a trade from the current price 113? Not much to be honest. Please red below bull/bear case. current market cycle: Most likely a trading range. The strong climactic bull trend is over and market is most likely in the process for forming a trading range at the highs. The argument that the big bull trend line, currently running at 100 is intact and therefore the bigger bull trend is still ongoing is valid. key levels: 100 - 140 bull case: Every bull who bought above 120 is underwater and since the ath was at 140, there a probably plenty. Market now dropped below 120 for the third time and if bulls can not strongly close above 120 soon again, they will give up for good buying high and will only buy pullbacks. Earnings end of August can be another surprise upwards but would you bet on another ath? Risky to say the least. Bulls need to keep the current bull gap, down to 96, open or the bull trend for sure is over and the upside around 140 limited, while the downside risk stays the same. bear case: Last time I wrote again that this stock will half again and the current 26% drop is a pretty good start. That's enough to burn all late bulls and they will not buy high again. That is why my preferred path is a bounce over the next 1-2 days but the bear flag will hold until market touches the 100$ target. If the bull flag breaks convincingly, I am wrong and bulls took control again and will most likely test above 130 again. The measured move target (orange line) is also around the weekly 20ema and the big round number 100. More than enough reasons to test that price. short term: Leaning slightly bearish but given the amount of earnings next week and that the overall market is due for a bigger bounce, more reasonable is to be neutral until you see strong momentum to either side. medium-long term: This stock will touch 100$ in 2024 again. current swing trade: Last time I said on the next weakness I'd short and my target 117 was good but market gave 106. No current position but will look for shorts above 130 again.
NASDAQ:NVDA
by priceactiontds
Target Hit in the premarket low of $111.52Yes, we came within 19 cents of $111.33 which was my target....but if we can manage to rally now we retain the ability to make one more high as outlined in purple in the weeks to come. However, if we fail to develop a 5-wave micro impulsive pattern from the premarket low of $111.52 or even fail to rally, and continue to subdivide lower and eventually breach $104.30, then this will constitute a confirmed top for primary wave 3 as depicted below.
NASDAQ:NVDA
by maikisch
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
NVIDIA (NVDA) "disaster zone" temporarily Nvidia, on the news, people talking, I figured I would share this post with this chart indicator to give them a view of what this indicator would look like using it on Nvidia. The image appears to tell a story that the price is falling. For the moment there is a strong conviction that the price is going to decline. After a split, like with apple, the price does go through a period when investors leave because the price is no longer as expensive. Some people like expensive things and after a stock split the price is not as expensive. There are those superficial investors who only like expensive things.
NASDAQ:NVDAShort
by CryptocurrencyBlot
Nvidia is back in the Target Box and Headed to test $111.33I want to make something clear. I have kept a purple arrow on my Nvidia chart for sometime. Purple is the color I associate my secondary expectations, or sometimes referred to as alternative. Black is my primary. All that means is the pattern has more than one outcome given the current price action we have. In both cases, I expect price is to test the $111-$112 area, and that would be the normal area for a standard retracement. The precise price point of A=C for a measured move is $111.33. There we should soon afterwards get important answers as to whether we extend lower, or find a bottom and head to new highs. Chris
NASDAQ:NVDA
by maikisch
Nvidia Climbs 155% While Facing AI Ethical CriticismNvidia remains a significant player in the AI industry, grouped with companies like Apple and Anthropic, which have been criticized for training their AI technologies by extracting subtitles from 173,536 YouTube videos across over 48,000 channels, including content from notable creators such as MrBeast and PewDiePie. This practice violates YouTube's terms by using content without creator consent, posing legal and ethical issues. Financially, Nvidia's stock experienced a substantial 86% rise from mid-April to June, followed by a stabilization period with prices oscillating between $117 and $140. Despite this slowdown, the company's year-to-date growth is impressive at 155%, with a potential for stock values to climb past $150 if demand for AI continues to surge. The ongoing ethical debate around AI data usage underscores the importance of regulatory compliance and maintaining trust in the tech industry's use of content. This dialogue is crucial for shaping future AI governance.
NASDAQ:NVDALong
by Sublime_Trading
Nvidia's Circle-b Wave StatusThere's an old analytical adage that goes..." nothing confirms price action like confirmation ". Not too helpful in the short term trading sense, but in the larger picture perspective it sure makes a lot of sense. I can make a case based on where price came into the Fibonacci Retracement zone of the .786% for corrective action that got smacked down... has topped... ...however, in a B wave, confirmation only comes with a break of the circle a-wave low down in the $117 area. Its a good start but since this chart is sooooo bullish, wait for confirmation. A break of $117 brings $1.04-109 into view MINIMUM. Best to all, Chris
NASDAQ:NVDA
by maikisch
2