Nvidia Partners With General Motors to Build Self-driving CarsNVIDIA Corporation, a computing infrastructure company, provides graphics and compute and networking solutions in the United States, Singapore, Taiwan, China, Hong Kong, and internationally Partners With General Motors to Build Self-driving Cars.
Also in another news, IBM Taps NVIDIA AI Data Platform Technologies to Accelerate AI at Scale.
Apparently, shares of Nvidia (NASDAQ: NASDAQ:NVDA ) is undeterred by all this news presently down 3.43% trading with a weak RSI of 44.
The 78.6% Fibonacci retracement point is acting as support point for shares of NVidia a break below that pivot could lead to a dip to the 1-month axis. Similarly, a breakout above the 38.2% Fibonacci retracement point could catalyse a bullish renaissance for $NVDA.
Nvidiacorporation
Nvidia - That's Officially The Brutal End!Nvidia ( NASDAQ:NVDA ) is breaking all structure:
Click chart above to see the detailed analysis👆🏻
Following previous cycles, Nvidia has been rallying for more than 2 years, creating an overall pump of approximately +1.000%. But now, everything is literally pointing to a significant towards the downside and with a potential drop of -30%, bears are totally taking over Nvidia now.
Levels to watch: $70
Keep your long term vision,
Philip (BasicTrading)
Nvidia Rises Over 4.5% and Reclaims $120 ZoneBy the end of the week, Nvidia's stock has surged to $120 , with the strong bullish movement likely driven by positive results from its largest supplier. Taiwanese company Hon Hai Precision Industry (Foxconn) reported revenues exceeding $30 billion and announced plans to establish the world's largest chip manufacturing plant in Mexico, aimed at improving supply efficiency for its main client, Nvidia. This news has restored investor confidence in the short term, and if this positive momentum persists, the bullish pressure surrounding the stock could intensify further.
Large Bearish Channel:
Despite the recent confidence in Nvidia, it is important to note that since early January, the stock has been forming a large bearish channel, and its current price remains midway within that channel. This suggests that the short-term buying momentum still has room to grow, but it has not yet been strong enough to break the dominant bearish formation.
RSI Indicator:
The RSI indicator has started showing an upward slope, and the RSI line is preparing to cross the neutral 50 level. This could indicate that buying momentum may begin to take control, especially if the RSI line continues to move consistently above this neutral level in the upcoming sessions.
MACD Indicator:
The MACD histogram is showing a similar pattern, as it is currently testing the neutral 0 line. If a crossover occurs, it would suggest that the moving average trends are turning bullish, potentially reinforcing buying confidence in the following sessions.
Key Levels:
$130 – Significant Resistance: This level coincides with the bearish trendline and the 38.2% Fibonacci retracement level. A breakout above this level could challenge the current bearish channel and pave the way for stronger buying momentum.
$115 – Near-term Support: This level aligns with the 61.8% Fibonacci retracement barrier. If bearish oscillations push the price below this level, it could completely negate the current buying sentiment and extend the long-term bearish trend that has persisted for weeks.
By Julian Pineda, CFA – Market Analyst
Nvidia (NVDA) Share Price Rises Over 6%Nvidia (NVDA) Share Price Rises Over 6%
The NVDA stock chart shows that following yesterday’s trading session, the share price climbed over 6%, outperforming the Nasdaq 100 index (US Tech 100 mini on FXOpen), which gained just over 1%.
Despite this recovery from a six-month low, NVDA shares remain down 15% year-to-date.
Why Did Nvidia (NVDA) Shares Rise Yesterday?
Positive sentiment swept through the stock market after U.S. inflation data came in lower than expected. The Consumer Price Index (CPI) for the month stood at 0.2%, below analyst forecasts of 0.3% and the previous reading of 0.4%.
Investors may now be looking for opportunities following the March sell-off, triggered by Trump’s tariff policies and recession fears—and NVDA shares appear attractive in this context.
Barron’s suggests that NVDA stock may currently be undervalued, while MarketWatch cites BofA analyst Vivek Arya, who advises investors to focus on Nvidia’s gross profit margins as a key driver of significant share price growth.
Technical Analysis of NVDA Stock
Earlier this month, we identified a descending channel (marked in red) and suggested that its lower boundary could act as support—which was confirmed (highlighted by the circle).
Bullish perspective:
- The stock opened with a bullish gap and gained throughout the session, failing to hold below the psychological $110 level.
Bearish perspective:
- The price remains within the descending channel, with the median line potentially acting as resistance.
- The $117.50 level, previously a support, has turned into resistance (as indicated by the arrows) and may pose a challenge to further recovery.
NVDA Share Price Forecast
According to TipRanks:
- 39 out of 42 analysts recommend buying NVDA stock.
- The average 12-month price target for NVDA shares is $177.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Nvidia (NVDA) Stock Hits New Yearly LowNvidia (NVDA) Stock Hits New Yearly Low
The NVDA stock chart shows that during yesterday’s trading session, the price dropped to $112.16, marking:
→ A new low for 2025, surpassing the previous bottom set on 3 February.
→ The lowest price in nearly five months.
Why Is Nvidia (NVDA) Stock Falling?
Bearish sentiment may be driven by:
→ A Wall Street Journal report stating that Chinese companies can still access Nvidia’s latest Blackwell chip despite Biden-era restrictions. Investors may fear tighter regulations, as the U.S. aims to limit technological advancements for geopolitical rivals.
→ The impact of Trump’s trade tariffs, which continue to disrupt global markets.
Technical Analysis of NVDA Stock
As noted in our report five days ago, NVDA’s price is forming a more defined downward channel (red) while moving further away from the Rising Wedge pattern (blue).
How Low Could Nvidia (NVDA) Stock Drop?
Despite NVDA’s weak performance relative to the broader market, investors may seek long positions in this former 2024 market leader.
Potential support levels:
→ The lower boundary of the red channel.
→ The psychological $100 mark.
If the Rising Wedge plays out, bears may target $85, based on the A-B range projected from point C.
A high-risk bullish argument could suggest that yesterday’s drop was a false bearish breakout below the 3 February low.
NVDA Stock Price Forecast
Analysts remain optimistic, possibly due to last week’s strong earnings report.
According to TipRanks:
→ 38 out of 41 analysts recommend buying NVDA.
→ The 12-month average price target is $178.
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This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Breaking: Nvidia ($NVDA) Surges 4% on Earnings BeatNvidia (NASDAQ: NASDAQ:NVDA ), the U.S.-based semiconductor giant, has once again outperformed market expectations, reporting $39.3 billion in Q4 revenue, a 2.7% increase beyond analyst projections. While its dominance in AI chips remains unchallenged, a surprising growth driver has emerged: its automotive and robotics segment. With demand for driver-assist technology soaring, this segment is poised to become Nvidia’s next multi-billion-dollar business.
The Rise of Nvidia’s Automotive Business
Nvidia’s automotive and robotics revenue surged by 103% year-on-year, reaching a record $570 million in Q4 FY2025. This brings its total segment revenue for the fiscal year to $1.69 billion, marking the second consecutive year above the $1 billion threshold.
Although automotive contributes just 1.45% to Nvidia’s total revenue, analysts predict exponential expansion as real-world applications of autonomous driving and robotics continue to develop.
Technical Analysis
As of the latest session, NASDAQ:NVDA closed up 3.67% and continued its positive momentum, rising 2% in premarket trading. From a technical standpoint, Nvidia is approaching a bullish breakout, supported by the following indicators:
- RSI at 48: This suggests the stock is neither overbought nor oversold, leaving ample room for an upward push.
- Key Fibonacci Levels: In case of a pullback, the 65% Fibonacci retracement level serves as a strong support zone, providing a potential rebound point.
- Breakout Potential: A move above the 1-month high could signal further bullish momentum, paving the way for new highs.
With AI-driven demand surging, and Nvidia's automotive and robotics division gaining traction, the company is well-positioned for long-term profitability. Investors should keep a close watch on technical breakouts and fundamental milestones, as Nvidia continues to redefine the future of AI and autonomous technology.
Nvidia (NVDA) Share Price Dips Slightly After Earnings ReportNvidia (NVDA) Share Price Dips Slightly After Earnings Report
Following the close of the main trading session yesterday, Nvidia released its quarterly earnings report, exceeding analysts' expectations:
→ Earnings per share: Actual = $0.89, Expected = $0.84
→ Revenue: Actual = $39.3 billion, Expected = $38.1 billion (a 78% increase year-on-year)
It was also revealed that Nvidia’s latest AI chip family, Blackwell, generated $11 billion in sales for the quarter. This eased concerns that transitioning to the Blackwell chip series could lead to a decline in revenue.
How Nvidia (NVDA) Shares Reacted to the Earnings Report
Despite the strong earnings, Nvidia’s share price did not benefit significantly. Post-market trading saw heightened volatility, with NVDA shares fluctuating between $126 and $136 in the first few minutes after the report’s release.
As volatility subsided, NVDA stabilised around $129, slightly below Wednesday’s closing price of $131.37, reflecting a decline of approximately 1.7%.
Technical Analysis of NVDA Stock Chart
In February, NVDA’s share price continued to hold below the lower boundary of its previous upward trend channel after failing to break the psychological barrier at $150. Specifically:
→ The lower channel boundary has now acted as resistance (indicated by the arrow).
→ A downward trend channel (marked in red) is becoming increasingly apparent.
As a result, NVDA shares have not shown the ability to recover from the panic sell-off on 27 January, when Nvidia and other leading AI companies saw their stocks plummet following the success of Chinese startup DeepSeek.
NVDA Share Price Forecast
Analysts remain optimistic, possibly due to the expected increase in AI-related capital expenditure by major tech firms in 2025. Additionally, the upcoming GTC conference could serve as a bullish catalyst, likely featuring new product announcements within the Blackwell family.
According to TipRanks:
→ 33 out of 36 analysts recommend buying NVDA shares.
→ The 12-month average price target for NVDA is $177.
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This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Nvidia's Price Approaches the $110 MarkThe stock has dropped more than 11% over the past five trading sessions due to newly imposed tariffs on Taiwanese semiconductors (which could increase Nvidia's costs) and growing concerns over DeepSeek's advanced AI model, which has intensified competition in the sector. Additionally, rising global trade tensions have led investors to lose confidence in Nvidia's future market outlook. As one of the most influential technology companies worldwide, a potential slowdown in global economic growth could negatively impact Nvidia's sales and revenue projections.
Accelerated Downtrend
Nvidia has already undergone a significant decline from the $150 price zone and is now approaching the key support level at $114 per share. So far, the sharp bearish moves have largely been accompanied by price gaps, and no clear trend-defining structure has emerged to establish a decisive bearish bias. This suggests that, in the long run, investors should watch for potential bullish corrections, given the speed of the recent sell-off.
RSI Indicator
The RSI line has consistently declined and is now approaching the oversold zone near the 30 level. This signals a strong imbalance between buying and selling pressure, which could increase the likelihood of short-term upward corrections in the stock price.
Key Levels
$130: The most significant resistance level, representing a neutral price zone over the past few months. A return to this level could reinforce a sideways market outlook in the coming weeks.
$114: A critical support level, aligning with the 61.8% Fibonacci retracement barrier. Sustained movements below this level could reinforce the bearish perspective and trigger a more extended selling wave.
By Julian Pineda, CFA - Market Analyst
NVIDIA Forms Inside Bar Pattern After Significant Drop...NVIDIA is currently exhibiting an inside bar pattern following a significant 17% decline, which was triggered by the DeepSeek Panic incident. This pattern indicates a period of consolidation where the price is stabilizing within the range established by the preceding candle. To make informed decisions moving forward, it is prudent to monitor price action closely and wait for a definitive breakout from this inside bar formation. A breakout above the upper boundary could signal a potential reversal or upward momentum, while a breakdown below the lower boundary may suggest further bearish pressure. Hence, exercising patience and assessing volume and market context will be crucial before committing to any trades.
Nvidia Stock Goes 'DeepSeek', Ahead of Earnings CallNvidia's stock has experienced significant volatility recently, largely influenced by the emergence of a new AI model from Chinese startup DeepSeek. This model, known as R1, reportedly rivals the capabilities of advanced models from major U.S. tech companies like OpenAI and Google, but does so using less powerful and cheaper chips. This development has raised concerns among investors about the sustainability of Nvidia's market dominance and the high valuations of U.S. tech stocks.
Impact of DeepSeek on Nvidia Stock
Stock Performance.
On January 27, 2025, Nvidia's shares plummeted by over 16%, marking its largest intraday drop since August 2023. This decline wiped more than half-a-trillion US dollars from Nvidia's market capitalization. The stock fell approximately 12.5% in early trading, reflecting widespread investor anxiety about the implications of DeepSeek's advancements.
Investor Sentiment.
The introduction of DeepSeek's AI model has prompted a reevaluation of the heavy investments made by U.S. tech firms in AI technologies. Analysts noted that if DeepSeek can achieve competitive results with lower costs, it may lead to reduced demand for Nvidia's high-end chips. This has caused a ripple effect across the tech sector, with other semiconductor stocks also experiencing declines.
Market Reactions.
The broader tech market was affected as well, with the Nasdaq index falling nearly 4% in pre-market trading. Other companies linked to AI and technology also saw significant drops; for instance, ASML and Broadcom fell by 7% and over 12%, respectively.
Perspectives by Fundamental and Technical Analyst
Skepticism About DeepSeek.
While some analysts expressed skepticism about DeepSeek's ability to compete effectively without advanced chips, they acknowledged that its success could force U.S. companies to reconsider their strategies regarding AI investments and efficiency. For example, Citi analysts maintained a "buy" rating on Nvidia, suggesting that major U.S. companies are unlikely to shift away from using Nvidia's GPUs in the near term.
Concerns Over Valuations.
Analysts at Wedbush highlighted that U.S. tech stocks are currently valued at premium levels, which makes them vulnerable to any disruptions in perceived technological superiority. They noted that even small developments like those from DeepSeek could significantly impact stock prices due to inflated expectations surrounding AI advancements.
Future Outlook.
Despite the immediate negative impact on Nvidia's stock, some analysts believe that concerns may be exaggerated and that U.S. firms are still well-positioned for long-term growth in AI technologies. They argue that while DeepSeek's model is impressive, it does not yet match the comprehensive infrastructure and ecosystem that American tech giants have developed.
Technical Outlook.
The main technical graph for Nvidia stock (1-week resolution) indicates on epic breakthrough of upside channel, which has been alive for more than last two years, until ̶D̶o̶n̶a̶l̶d̶ ̶T̶r̶u̶m̶p̶ someone entered ̶a̶ ̶c̶h̶a̶t̶ White House.
Ahead of Nvidia Earnings call (scheduled on February, 26) our 'fancy-nancy' Analyst Team is strongly against any Nvidia stock purchase below ready to be lost, $130 per share level.
Potentially 52-week SMA can support a stock for a while near $115 a share, otherwise we believe Nvidia stock will dive below $100 level again.
Conclusion
In summary, the rise of DeepSeek represents a pivotal moment for Nvidia and the broader tech sector, challenging existing assumptions about AI development costs and market dynamics. The ongoing situation will likely lead to further scrutiny of investment strategies within the industry as stakeholders assess the long-term implications of this emerging competition.
Nvidia Shares Plunge More Than 17% Nvidia’s stock has experienced a significant drop in price in recent hours due to growing concerns about new competition from China, represented by the startup DeepSeek. This Asian startup is positioning itself to offer services similar to those of current AI industry leaders but at a much lower cost. Additionally, its open-source model, unlike competitors such as OpenAI , has generated high expectations, marking a new competitive challenge from China to the U.S. in this sector. Nvidia has led the steep declines in the tech sector in the short term.
Range Breakout:
Recent selling pressure has caused a breakout from a consistent lateral range that had been in place since late October 2024. The movement has been so aggressive that the price has also broken below the 100-period moving average and is now struggling with the 200-period moving average. If the strong bearish pressure continues in the coming sessions, it could jeopardize the long-standing upward trend visible on the daily chart prior to this event.
RSI:
The RSI indicator line has quickly adopted a bearish slope, moving decisively away from the neutral level of 50. However, recent price action has brought the line closer to the oversold zone at 30 , suggesting that the momentum of the current decline is significantly imbalanced. This could pave the way for small upward corrections in the short term.
Key Levels:
$114: Current support level corresponding to neutral zones from August and September 2024. Bearish oscillations breaking below this level could strengthen selling pressure and establish a sustained bearish bias in the market. However, this zone could also trigger new upward corrections in the coming sessions.
$131: The nearest resistance level, coinciding with the 100-period moving average. Oscillations near this level could restore market neutrality and potentially lead to a new lateral channel.
$144 : Distant resistance level. Oscillations reaching this level again would bring the strong long-term bullish trend back into focus.
By Julian Pineda, CFA - Market Analyst
Nvidia at $220 in 2025 ?Key Drivers for NVIDIA's Growth:
Surging AI Demand: NVIDIA's GPUs are integral to training sophisticated AI models. The company's latest Blackwell GPUs are sold out for the next 12 months due to unprecedented demand from major tech companies, underscoring NVIDIA's pivotal role in AI advancements.
Data Center Expansion: NVIDIA's data center revenue has experienced remarkable growth, with a 409% increase driven by the escalating need for AI chips. This trend highlights the company's dominance in the data center GPU market.
Strategic Collaborations: NVIDIA's involvement in Project Stargate, a significant U.S. AI infrastructure initiative led by SoftBank and OpenAI, is expected to drive future revenue and alleviate concerns about peak compute demand, contributing to NVIDIA's long-term growth.
Analyst Confidence: The consensus among Wall Street analysts is a "Strong Buy" rating for NVIDIA, with an average 12-month price target of $176.86, indicating a 20.3% upside from the current price.
Bullish Price Target:
Considering these factors, a bullish price target for NVIDIA over the next 12 months could easily be $220. This projection aligns with the high forecast among analysts and reflects confidence in NVIDIA's sustained growth trajectory.
Conclusion:
NVIDIA's strategic positioning in the AI sector, robust data center growth, and strong market sentiment make it a promising investment for those seeking exposure to the burgeoning AI industry.
Please note that this is just my view and is not financial advice.
Nvidia: FluctuationOver the past two weeks, NVDA has exhibited increased fluctuation within the boundaries of the current key levels: the resistance at $152.89 and the support at $126.34. Initially, the price seemed to favor our alternative scenario, but it managed to reverse just in time. Following a dip to $129, the stock rebounded swiftly. Our primary assumption remains that the beige wave III should eventually break above the $152.89 resistance. However, there is still a 33% chance that the expected rises will be delayed by a new low of the blue wave alt.(IV). This alternative scenario will prevail if the stock falls below the $126.34 support level.
Nvidia (NVDA) Stock Price Falls to a Two-Month LowNvidia (NVDA) Stock Price Falls to a Two-Month Low
While the Nasdaq 100 index (US Tech 100 mini on FXOpen) climbed to an all-time high, Nvidia's (NVDA) stock price dropped below $131 during yesterday's trading session for the first time since mid-October. This bearish behaviour suggests a weakening of Nvidia's leading position. What is the reason?
A key driver could be the significant surge in Broadcom Inc. (AVGO) shares, a competitor to Nvidia. Following a roughly 20% price increase for AVGO in one day, another growth day followed, as we anticipated yesterday. As a result, amid Broadcom's strong forecast for 2025, AVGO shares have risen by 54% since early December, and investors may be reallocating their portfolios, selling NVDA and buying AVGO.
Technical analysis of Nvidia's (NVDA) stock chart reveals a concerning picture — bears may break the lower boundary of the blue channel, which has acted as support throughout 2024. Importantly, bears managed to push the price downwards both from the $150 level and the $140 level (indicated by arrows).
According to the Nasdaq exchange, NVDA's stock price in today's pre-market trading has fallen below $130. If this does not trigger demand for the stock of one of the leading companies in the AI boom, it will be another worrying signal.
According to TipRanks, analysts remain optimistic for now:
→ 37 out of 40 analysts recommend buying NVDA shares.
→ The average price target for NVDA is $177 within 12 months.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Nvidia - Launching The Final Bullrun!Nvidia ( NASDAQ:NVDA ) can still rally another +40%:
Click chart above to see the detailed analysis👆🏻
After rejecting the channel resistance in June, July and August of 2024 and correcting about -40%, buyers immediately stepped in and pushed Nvidia much higher. There is a quite high chance, that we will see a final blow off rally, squeezing out the last remaining bears.
Levels to watch: $200
Keep your long term vision,
Philip (BasicTrading)
Cautious optimism to give way to December decline for NVDA
The sentiment around NVIDIA (NVDA) over the past 72 hours has been mixed but leans slightly positive. Here's what we see:
Analyst Views : Analysts remain bullish, with a strong "buy" consensus and an average price target suggesting a potential 21% upside from current levels. This reflects optimism about NVIDIA’s prospects, particularly with its leadership in AI and data center technology.
Seasonal Trends : Historically, December has been a weaker month for NVIDIA’s stock performance, with shares declining in 60% of Decembers over the past decade. However, this is typically followed by strong recoveries in the new year.
Investor Discussions: Investors 'round the Web are expressing cautious optimism. Some highlight concerns about high valuation and broader market headwinds, while others emphasize NVIDIA's long-term growth drivers like AI and semiconductor demand.
The overall mood suggests near-term caution due to seasonal and valuation factors but confidence in NVIDIA's long-term trajectory.
With all this said, we see cautious optimism leading to a rise to a key resistance level in the 144.00 price range, followed by a decline in December, fueled alongside the SPY's potential crumbling.
NVIDIA Analysis - Personal viewNVIDIA remains a leader in AI-driven markets, benefiting from demand for GPUs in data centers, gaming, and AI development. Its AI and machine-learning capabilities are shaping industries like autonomous vehicles and healthcare. However, valuation concerns and risks tied to macroeconomic shifts or supply chain vulnerabilities may pressure the stock.
Looking ahead to 2025, my personal target for NVIDIA lies between $200 and $250. This range reflects a cautious approach, factoring in potential earnings normalization, adjustments in investor sentiment, and the broader tech sector's resilience in an evolving economic environment.
*This is not financial advice.
How Will Nvidia's Stellar Quarter Impact the Future of Tech InveNvidia Corporation (NASDAQ: NVDA) experienced a rollercoaster ride as investors grappled with its impressive third-quarter earnings report. While the chip giant delivered a strong performance, the market's reaction was somewhat muted, highlighting the high expectations placed on the company.
A Quarter of Record-Breaking Growth
The surge in revenue was primarily driven by the robust demand for Nvidia's high-performance GPUs, which are essential for powering artificial intelligence (AI) and machine learning applications. The company's data center segment, in particular, saw exponential growth, fueled by the increasing adoption of AI in various industries.
A Cautious Market Response
Despite the impressive results, Nvidia's stock price fluctuated throughout the day. While the initial market reaction was positive, with shares rising in pre-market trading, the momentum soon faded. Some analysts attributed this to the high expectations set by Nvidia's consistent outperformance in recent quarters.
Another factor that may have influenced the market's reaction was Nvidia's outlook for the fourth quarter. While the company provided a revenue forecast that exceeded analyst expectations, some investors may have been hoping for even more aggressive guidance.
Long-Term Growth Prospects Remain Strong
Despite the short-term volatility, Nvidia's long-term growth prospects remain robust. The company's dominance in the AI and machine learning market, coupled with its strong financial position, positions it well to capitalize on the ongoing technological revolution.
As AI advances and becomes more pervasive, the demand for high-performance computing solutions is expected to soar. With their superior performance and energy efficiency, Nvidia's GPUs are ideally suited to meet this growing demand.
Key Takeaways from Nvidia's Earnings Report
• Record Revenue: Nvidia's third-quarter revenue of $35.08 billion surpassed expectations and marked a significant year-over-year increase.
• Strong Data Center Performance: The data center segment was a major growth driver, fueled by the increasing adoption of AI and machine learning.
• Cautious Market Reaction: Despite the strong results, the market's reaction was muted, reflecting high investor expectations.
• Long-Term Growth Potential: Nvidia's strong market position and focus on innovation position it well for future growth.
As Nvidia continues to push the boundaries of technology, its stock price will likely remain volatile. However, the company's strong fundamentals and promising growth prospects make it an attractive investment opportunity for long-term investors.
What happened? $Nvidia surged nearly 5%!!!!Reason1: Cooling of Blackwell overheating issues boosts confidence.
Concerns about overheating in Nvidia's latest high-end chip, Blackwell, had been widely discussed. However, multiple authoritative analysis firms and Nvidia's CEO Jensen Huang confirmed that these issues have been resolved. Industry analysts noted that such problems have been effectively mitigated, with negligible impact on chip performance and supply cadence. This clear positive signal has instilled confidence in investors regarding Blackwell’s stability and market prospects.
Reason2: Technological advancements raise expectations.
As Nvidia's most advanced chip to date, the complete resolution of design issues marks its research and production entering a mature phase. Coupled with its powerful computing capabilities and potential applications in AI and data centers, market expectations for the product's profitability have significantly increased, serving as a key driver of Nvidia's stock surge.
Reason3: Professional analysis alleviates concerns.
Semiconductor analysis firm-Semianalysis indicated that the supply chain adjustments related to the overheating issue were merely "minor modifications" with almost no effect on the chip's actual performance. This analysis helped the market move past excessive worries about Blackwell’s overheating issues, laying the groundwork for Nvidia to regain investor trust in the short term.
Reason4: Stock price retraces to strong support levels.
From a technical analysis perspective, the stock price moving in a bullish channel, recently retracing to an upward trend line and the 0.236 Fibonacci support level. This support has triggered a rise, indicating that previous movements were merely weak short-term corrections.
Under the combined influence of these favorable factors, Nvidia's stock jumped nearly 5% in a single day, not only boosting its own valuation but also uplifting the tech sector and the broader market. However, whether this upward trend can continue in the short term will depend on today's earnings report. For specific operational strategies, please refer to my last post : "NVIDIA Earnings Preview: Strategy Notes for Q3 Report."
Exploring Nvidia's India Strategy: AI and LanguageNvidia, a leading technology company, has solidified its commitment to India with a series of significant announcements. The company unveiled a Hindi language model and forged strategic partnerships with major Indian corporations, underscoring its ambition to drive AI innovation and language technology in the country.
One of the most notable partnerships announced by Nvidia is with Reliance Industries, led by billionaire Mukesh Ambani. The two companies have outlined plans to build AI infrastructure in India, leveraging Nvidia's cutting-edge hardware and software solutions. This collaboration aims to accelerate AI research, development, and deployment across various sectors, including healthcare, agriculture, and education.
In addition to the partnership with Reliance, Nvidia also launched Nemotron-4-Mini-Hindi 4B, a small language model specifically designed for the Hindi language. Hindi, as the most widely spoken language in India, holds immense cultural and economic significance. The availability of a powerful Hindi language model will enable developers to create innovative applications and services tailored to the needs of Hindi-speaking users.
Nvidia's investment in India comes at a time when the country is experiencing a surge in AI adoption and development. The government's initiatives to promote digital transformation and innovation have created a favorable environment for technology companies to thrive. By partnering with leading Indian firms and investing in language technology, Nvidia is positioning itself as a key player in India's AI ecosystem.
The launch of the Hindi language model is a significant step towards bridging the language gap in AI. While English has dominated the AI landscape, there is a growing recognition of the importance of developing language models for regional languages. By investing in Hindi, Nvidia is demonstrating its commitment to making AI accessible to a wider audience and empowering local communities.
Beyond the immediate benefits of language technology, Nvidia's India strategy also has broader implications. By fostering partnerships and investing in AI infrastructure, the company is contributing to the development of a skilled workforce and promoting innovation in the country. This could have a long-term impact on India's economic growth and competitiveness on the global stage.
In conclusion, Nvidia's announcement of a Hindi language model and partnerships with major Indian companies marks a significant milestone in its India strategy. By investing in AI and language technology, the company is positioning itself as a key player in the country's digital transformation. As India continues to embrace AI, Nvidia's commitment to the region is likely to yield substantial benefits for both the company and the nation.
NVIDIA (NVDA) Rockets Higher! TP1 Hit, Eyes on More Gains!NVIDIA (NVDA) Long Trade (15m time frame)
Entry: $135.03
Current Price: $145.21 – Momentum strong as first target hit.
Key Levels:
Stop-Loss (SL): $131.88 – Below key support level to manage risk.
Take Profit 1 (TP1): $138.92 – First target hit, confirming upward trend.
Take Profit 2 (TP2): $145.21 – Next target likely to be reached soon.
Take Profit 3 (TP3): $151.50 – Key level for continued bullish momentum.
Take Profit 4 (TP4): $155.38 – Final target for this strong upward move.
Trade Outlook:
NVIDIA has surged after a clear entry signal at $135.03. With TP1 already achieved, bullish momentum remains intact, and we're aiming for the remaining targets as the stock pushes higher. The trend and technical setup suggest further gains are possible.
NVIDIA | A Second Technical Entry Opportunity This Year
NVIDIA has presented two key technical entry points for investors in 2024.
The first entry came during a correction in early August around the $100 level, which was shared on my TradingView channel.
The second opportunity is now, following last week’s close at an all-time high level.
After NVIDIA's strong rally in 2024, there have been two technical opportunities to enter the stock. The first was during the correction in early August around the $100 mark , which I highlighted in my earlier TradingView post.
The second opportunity has emerged now, as last week's closing price marked the highest in history. While the stock hasn't officially hit an all-time high yet, it has broken through the critical $130 resistance level, which had been a barrier for the past four months. This breakout puts the stock in what is often called "open waters," where there is no significant resistance overhead.
It's important to note that while this presents a potential technical buy, fundamentals play a key role here. The resistance of four months is relatively short in terms of a breakout, and from a psychological perspective, buying at current highs can feel doubting. While the technicals suggest a reasonable entry, it’s crucial to have a clear thesis, a long-term holding plan, and solid fundamental research.
At this point, I would say that entering the stock now carries more risk. It’s not a good entry point for short-term gains, and I wouldn’t recommend an "all-in" approach at these levels. Only investors who are willing to add to their position during a pullback, and who have done their fundamental homework should consider buying now with a long-term perspective.
Summary
NVIDIA has presented two technical buying opportunities in 2024, with the latest one emerging after a modest breakout above $130. While there is potential for further gains, such as a move toward $150-$170, this is a riskier entry, especially for short-term traders. Investors should consider the current market environment, do their fundamental research, and only buy if they’re prepared to hold for the long term or add to their position in case of a pullback.
Regards,
Vaido