💫NVIDIA might be ready for ATH: Multitimeframe💫☝️Do not act based on my analysis, do your own research!!
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Nvidia Races Ahead: Can It Lead After Apple Stock SplitNvidia Races Ahead: Can it Maintain the Lead After Apple's Stock Split?
The tech world is abuzz with the news of Nvidia's staggering outperformance of Apple's stock price in 2024. Annually, Nvidia has surged a remarkable 190+%, leaving Apple in the dust with a meager 19% gain. This stark contrast comes just ahead of Apple's highly anticipated 10-to-1 stock split, raising questions about the future performance of both tech giants.
Nvidia's Stellar Rise: A Chip Powerhouse on Fire
Nvidia's dominance can be attributed to its position as a leader in the booming semiconductor industry. The ever-growing demand for powerful graphics processing units (GPUs) for applications like artificial intelligence, gaming, and data centers has propelled Nvidia's growth. Their cutting-edge technology has made them the go-to choice for tech enthusiasts and professionals alike.
Apple's Stagnant Growth: A Maturing Giant?
While Apple remains a tech behemoth, its stock price hasn't mirrored the explosive growth seen in other sectors. This could be due to a number of factors. The smartphone market, a cornerstone of Apple's success, has reached a saturation point. Additionally, competition from other manufacturers, particularly in the Chinese market, has intensified.
Stock Splits: A Psychological Boost or a Price Trick?
Stock splits themselves don't change the underlying value of a company. They simply increase the number of shares outstanding while proportionally reducing the share price. However, stock splits can have a psychological impact on investors. A lower share price can make the stock appear more affordable, potentially attracting new investors and boosting short-term trading activity.
Volatility Ahead: Will Apple Reclaim Its Throne?
Apple's upcoming stock split has the potential to introduce significant price volatility in the short term. The lower share price might entice retail investors, leading to a temporary surge. However, long-term performance will depend on Apple's ability to innovate and tap into new growth markets.
Beyond the Numbers: A Look at the Fundamentals
While the current stock price performance paints a clear picture, a deeper analysis of both companies' fundamentals is crucial for long-term investors. Here are some key aspects to consider:
• Product Pipeline: Both companies have a history of successful product launches. Analyzing their upcoming product lines and potential disruptions will provide insights into future growth prospects.
• Innovation: Continuous innovation is vital for sustained success in the tech industry. Evaluating each company's commitment to research and development will shed light on their ability to stay ahead of the curve.
• Market Expansion: Identifying new markets and customer segments that either company can tap into can be a significant growth driver.
The Verdict: A Tale of Two Tech Titans
Nvidia's current lead is undeniable, but Apple shouldn't be counted out. The stock split has the potential to reignite investor interest in Apple, and its brand loyalty remains unmatched. Ultimately, which company emerges victorious will depend on their ability to navigate the ever-evolving tech landscape, deliver innovative products, and expand into new markets.
For investors, this is an exciting time to be in the tech sector. By carefully analyzing both companies' fundamentals and long-term strategies, investors can make informed decisions about where to place their bets. The race between Nvidia and Apple is far from over, and the coming months will be a fascinating test of their respective strengths and resilience.
Nvidia Analysis After SplitThe Nvidia share price has never risen so steeply. Each rise lasted about 30 months and was followed by an average correction of 50%. I think we are getting close to the next correction. It will be an excellent buying opportunity. But until then we can even see $160 because of the FOMO and the new investors who came after stock split.
Nvidia - Still a correction?Hello Traders and Investors, today I will take a look at Nvidia .
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Explanation of my video analysis:
Over the course of the past seven years, Nvidia stock has been trading in a pretty obvious rising channel formation. As we are speaking, Nvidia stock is approaching once again the upper resisance trendline. However this does not mean that we will see an immediate correction of -50%; it is rather important to monitor price action and wait for the right opportunity.
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Keep your long term vision,
Philip (BasicTrading)
Nvidia Unveils Rubin AI Platform: New Frontier in Generative AIAt the 2024 Computex trade show in Taipei, Nvidia CEO Jensen Huang sent ripples through the tech world with the announcement of their next-generation AI platform, codenamed Rubin. Scheduled for release in 2026, Rubin promises to be a game-changer, pushing the boundaries of generative AI and accelerating its integration across various industries.
Huang's vision is clear: a new industrial revolution driven by AI. This vision is fueled by the ever-growing demand for high-performance AI hardware, and Nvidia is positioning itself at the forefront of this revolution. By unveiling Rubin alongside the Blackwell Ultra chip slated for 2025, Nvidia is signaling a commitment to annual upgrades in their AI accelerator technology.
This focus on rapid development reflects Nvidia's dominant position in the AI chip market, currently holding an estimated 80% market share. Rubin's arrival in 2026 signifies a significant leap forward in Nvidia's AI hardware capabilities. The platform will encompass not just next-generation GPUs, the workhorses of AI training, but also novel central processing units (CPUs) and networking chips.
While specifics about Rubin's architecture remain under wraps, some key details have emerged. The platform will leverage the next iteration of High-Bandwidth Memory (HBM4), a crucial component for tackling the data bottlenecks that often hinder AI development. Manufacturers like SK Hynix, Micron, and Samsung are expected to be instrumental in supplying this next-gen memory.
Beyond the hardware, Huang emphasized the importance of software and services in democratizing AI. This aligns with Nvidia's recent efforts to expand its software offerings, providing developers with user-friendly tools to harness the power of their AI hardware. It's likely that Rubin will be accompanied by a robust software ecosystem, enabling seamless integration and streamlined workflows for various AI applications.
The potential applications of Rubin are vast. Generative AI, a subfield of AI focused on creating new data, is expected to see a significant boost. This could revolutionize fields like drug discovery, where AI can be used to design new molecules with specific properties.
Additionally, advancements in natural language processing (NLP) facilitated by Rubin could lead to more sophisticated chatbots, capable of carrying on nuanced conversations and even generating creative text formats like poems or code.
However, significant challenges remain. Ethical considerations surrounding bias in AI algorithms and the potential misuse of generative AI capabilities need to be addressed. Additionally, ensuring equitable access to this powerful technology will be crucial to prevent exacerbating existing inequalities.
Despite these challenges, the potential benefits of Rubin are undeniable. Nvidia's commitment to annual advancements in AI hardware, coupled with a focus on user-friendly software, positions Rubin as a catalyst for the widespread adoption of AI across industries. As 2026 approaches, the tech world will be watching with keen interest to see how Rubin ushers in a new era of generative AI and its impact on the global landscape.
Important section: 1071.36-1130.53Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
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(1M chart)
The key is whether the price can be maintained by rising above the Fibonacci ratio 3.618 (1135.97), which is the peak of the major uptrend.
If not, it is expected to form a downtrend and form a new trend.
(1W chart)
The Fibonacci ratio on the right is shown in the major uptrend.
The Fibonacci ratio on the left is shown in the recent uptrend on the 1W chart.
Accordingly, if the price is maintained above the right Fibonacci ratio 3.618 (1135.97), it is expected to rise to the left Fibonacci ratio 1 (1339.36).
The important section on the 1W chart is around 848.46.
Accordingly, if it fails to rise above 1130.53, it should check for support near 848.46.
The rising channel indicated by the circle is a trend line connected between lows.
Therefore, if it cannot rise within the current rising channel, the key is whether it rises along the rising channel between lows indicated by the circle.
(1D chart)
The HA-High indicator on the 1D chart is showing signs of being created at the 1071.36 point.
Accordingly, the important section on the 1D chart is around 1071.36.
Therefore, the section 1071.36-1130.53 is the important section.
This volatility period is around June 4th (June 3rd-5th).
Therefore, it is necessary to check in which direction it deviates from the section 1071.36-1130.53 after the volatility period.
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will start after it rises above 29K.
The section expected to touch in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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A Golden Age for Splits? Nvidia's MoveNvidia's recent announcement of a 10-for-1 stock split sent ripples through the tech industry. Investors cheered the move, with the stock price surging 9% to a record high. But beyond the immediate impact on Nvidia, Bank of America (BofA) suggests this could be the first domino in a wave of tech stock splits. This article explores the implications of Nvidia's split, the factors driving potential future splits, and the historical trends associated with this strategy.
Nvidia's Split: A Catalyst for Change?
Nvidia's stock price, hovering around $1,000 before the announcement, undoubtedly played a significant role in the decision. With a lower share price after the split, the stock becomes more accessible to individual investors, potentially broadening its investor base. This aligns with BofA's observation that Nvidia is already a favorite among retail investors, according to a May 22 Vanda Research report.
BofA analysts see the split as a positive sign, highlighting a trend of "shareholder-friendly policies" within large-cap tech companies. They also point to historical data suggesting that companies undergoing splits tend to experience strong returns in the following year.
A Landscape Ripe for Splits?
BofA's note identifies 36 companies within the S&P 500 with share prices exceeding $500, potentially making them candidates for future splits. This includes tech giants like Microsoft and Meta Platforms, whose stock prices are approaching that threshold.
There are several factors making the current tech landscape ripe for stock splits:
• Soaring Stock Prices: Fueled by technological advancements and strong demand, many tech stocks have experienced phenomenal growth in recent years. This has pushed share prices to record highs, potentially creating a psychological barrier for some retail investors.
• Accessibility and Liquidity: A lower share price can make a stock more attractive to individual investors, increasing overall trading volume and liquidity. This broader investor base can potentially lead to a more stable stock price.
• Psychological Impact: A lower share price can make the stock appear more affordable, even if the underlying value of the company remains unchanged. This can trigger increased buying interest, particularly among retail investors.
Beyond Price: The Strategic Considerations
While share price is a key factor, companies considering a split should also weigh other strategic considerations:
• Signaling Confidence: A stock split can be seen as a sign of management's confidence in the company's future growth potential. This positive signal can improve investor sentiment and potentially attract new investment.
• Maintaining Momentum: A well-timed split can capitalize on a company's positive momentum, further propelling its stock price upwards. However, a poorly timed split during a market downturn might not yield the desired results.
• Cost and Complexity: Implementing a stock split involves administrative costs and logistical complexities that companies need to consider.
Historical Trends and Potential Outcomes
BofA cites historical data showing that stock splits have generally been followed by positive returns. They argue that splits don't dilute the company's value, but rather make it more accessible to a broader investor base. This can lead to increased trading activity and potentially higher valuations.
However, it's important to note that correlation doesn't imply causation. While past trends suggest positive outcomes, future performance remains subject to market conditions and individual company fundamentals.
The Road Ahead: A Spliting Tech Future?
Nvidia's stock split has reignited the conversation around this strategy within the tech industry. With numerous companies sporting high share prices, BofA's prediction of a potential wave of splits holds merit. This trend, if it materializes, could have several implications:
• Increased Retail Investor Participation: Lower share prices could attract more retail investors to the tech sector, potentially boosting overall market activity.
• Enhanced Liquidity: Broader investor participation can lead to higher trading volumes and improved liquidity for these tech stocks.
• Short-Term Volatility: The implementation of splits could lead to short-term market volatility as investors adjust their positions.
Conclusion
Nvidia's stock split may be a harbinger of a larger trend within the tech sector. Companies with high share prices might consider following suit to broaden their investor base and potentially enhance long-term value. However, the decision to split should be a strategic one, carefully evaluating both the potential benefits and the associated costs and complexities. As the market watches Nvidia's post-split performance, it will be interesting to see if this move ushers in a new era of tech stock splits and how it shapes the investment landscape in the coming years.
Nvidia Shares Soar 8.43% After Stellar EarningsChip stocks soared in out-of-hours trading on Wednesday and Thursday after chipmaker Nvidia ( NASDAQ:NVDA ) smashed Wall Street's expectations with its latest earnings report, continuing a period of extraordinary growth as booming interest in artificial intelligence propels the tech sector to new heights. Shares for Nvidia ( NASDAQ:NVDA ) climbed nearly 8% during after-hours trading on Wednesday, peaking above $1,000 per share for the first time. While these gains have pared a little in the hours since Nvidia’s earnings report, shares for the California-based company were still up by more than 6% at the time of writing on Thursday morning.
Nvidia ( NASDAQ:NVDA ) shares are currently trading at around $1,030, putting the chipmaker on track to surpass the $1,000 milestone and hit an all-time high when markets open on Thursday. Other chipmakers benefiting from intense interest in artificial intelligence include shares for Taiwan Semiconductor Manufacturing Company, Arm Holdings, Dell Technologies, and Super Micro Computer Inc., which were all up between 3% and 6% during pre-market trading.
Nvidia ( NASDAQ:NVDA ) released its hotly anticipated earnings report for the first quarter of 2024 on Wednesday afternoon, which smashed Wall Street’s expectations and marked the company’s most profitable quarter ever. Respectively, profits and sales were up 628% and 268% compared to the same time period last year, Nvidia ( NASDAQ:NVDA ) said, reporting $6.12 earnings per share and $26 billion in sales for the three-month period ending April 30.
The release of OpenAI’s generative AI chatbot ChatGPT in 2022 ignited a global race among tech companies to build and deploy ever more advanced AI systems. The race has spurred stellar demand for the kinds of advanced computer chips required to maintain, run, and develop these AI systems, and Nvidia, formerly known for its gaming hardware, is one of the world’s leading beneficiaries for this demand and has become a bellwether for interest in the sector.
Nvidia's profit soars, underscoring its dominance in chips for artificial intelligence. Its net income rose more than sevenfold compared to a year earlier, jumping to $14.88 billion in its first quarter that ended April 28 from $2.04 billion a year earlier. Revenue more than tripled, rising to $26.04 billion from $7.19 billion in the previous year.
Technical Outlook
Nvidia's (NVDA) stock is up 8.97% in Thursday's market trading riding high with a Relative Strength Index (RSI) of 71.60 placing NASDAQ:NVDA in an overbought territory, hence a trend reversal is along the horizon in the long term.
Nvidia to Report Q1 Earnings; Revenue Forecast at $24.65 BlnNvidia ( NASDAQ:NVDA ), the global leader in Artificial Intelligence (AI) hardware and software, is set to release its Q1 FY2025 earnings report on May 22, 2024. Analysts predict a significant revenue growth of $24.65 billion, driven by strong demand for AI-related products and services. Nvidia's net income is expected to increase to $12.87 billion from $2.04 billion a year ago, and earnings per share (EPS) are forecasted to rise to $5.17 from $0.82 in the previous year. This impressive financial outlook reflects Nvidia's robust market position and its ability to capitalize on the growing AI sector.
Nvidia's data center segment has been a key driver of its recent success, reaching a record high of $18.4 billion in Q4 FY2024. For Q1 FY2025, sales in this segment are projected to hit $21 billion, highlighting the expanding demand for AI-capable chips and infrastructure. The data center segment's performance will be closely monitored by investors and analysts, and its results are likely to have a considerable impact on the company's stock price.
Updates on the highly anticipated Blackwell platform, Nvidia's next-generation AI computing architecture, are also expected during the earnings call, providing further insights into Nvidia's future growth prospects and technological advancements. Analysts project Nvidia's revenue to be $24.65 billion for the first quarter of fiscal 2025, up from the previous quarter and more than tripling from the year-ago period.
Nvidia's data center segment has grown rapidly amid increased demand for its advanced computing chips capable of running AI workloads. Data center revenue reached a record-high $18.4 billion in the fourth quarter, beating the record it had set the prior quarter and more than five times what it was a year earlier. The data center segment could reach a fresh record of $21.17 billion in revenue for the first quarter of fiscal 2025, according to estimates compiled by Visible Alpha.
Nvidia - Another push higher from here?Hello Traders and Investors, today I will take a look at Nvidia .
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Explanation of my video analysis:
Nvidia stock has been trading in a rising channel formation for a couple of years. We saw the last retest of support in the beginning of 2023 which was followed by an unbelievable rally of 625% towards the upside. At the moment Nvidia is retesting the upper resistance but we might see a retest of the psychological $1.000 level first and then a correction.
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Keep your long term vision,
Philip (BasicTrading)
Meta Invest a Whooping $30 Billion in NVIDIA GPUsMeta has invested $30 billion in 1 million NVIDIA GPUs to improve its AI model training capabilities and push technological boundaries in AI development. The acquisition, which includes a million GPUs, is one of the largest in the technology industry for such equipment and represents a major milestone in Meta's strategic direction towards the development of advanced AI technologies.
Meta's current AI activities focus on refining and training more advanced editions of their Llama-3 models, but the process is slow and time-consuming, justifying the necessity of the new GPU acquisition. Another 500,000 GPUs were acquired to result in a total of one million GPUs, which were used to optimize Meta's AI training operation.
John Werner's comparison to the Apollo program in the summit session emphasizes the scale of Meta and its financial investment. To surpass the computational achievements of former space missions, Meta's investment is set to stretch the limits that AI could achieve in terms of speed, efficiency, and complexity of tasks processed.
However, the AI industry still needs serious challenges in the supply and costs of required components such as GPUs. The demand for high-performance GPUs has risen, leading to an increase in prices and middlemen in distribution channels. Technological advancements in the scalability of learning algorithms that would be able to use multiple GPUs in parallel would reduce the cost and foster faster AI development, making AI more affordable and efficient.
Meta's approach to AI development includes hardware procurement and using the enormous data produced over its platforms. This approach seeks to improve and broaden AI functionalities, which can enrich user experiences on social media platforms such as Instagram and WhatsApp. By becoming more central to Meta's product development and overall strategy, AI will change the influence and role of the tech giant in the technology sector.
Nvidia Stock Drops 4.18% on Weak Forecast from AMDThe semiconductor industry, known for its dynamic nature, faced a tumultuous day as Advanced Micro Devices ( NASDAQ:AMD ) delivered an uninspiring outlook for the upcoming quarters. The repercussions of AMD's subdued guidance rippled across the market, with its main rival Nvidia ( NASDAQ:NVDA ) feeling the heat, alongside other semiconductor giants like Skyworks Solutions. Let's delve into the details of AMD's forecast, its implications for Nvidia, and the broader semiconductor landscape.
AMD's Disappointing Guidance:
Despite meeting earnings expectations for the first quarter, AMD left investors wanting more with its revenue forecast. While the company raised its revenue target for the MI300 AI accelerator, it fell short of the market's ambitious expectations. Analysts had hoped for a more robust projection, aiming for figures closer to $4.5 billion to $5 billion. The disparity between AMD's forecast and market expectations triggered a significant sell-off, with AMD's stock plummeting over 9%.
Nvidia's Response and Market Reaction:
The impact of AMD's lackluster guidance extended beyond its own stock, as Nvidia, its primary competitor, also experienced a sharp decline. Nvidia, renowned for its dominance in the AI chip market, saw its stock retreat by approximately 5%. The correlation between the performance of these two tech titans underscores the intense rivalry and interdependence within the semiconductor space.
Skyworks Solutions Caught in the Crossfire:
Skyworks Solutions, a wireless-chip manufacturer heavily reliant on the smartphone market, faced its share of challenges amidst the semiconductor turbulence. Despite a modest beat in the March quarter, the company's guidance for the June quarter fell well below expectations. This disappointing forecast led to a staggering 15.4% drop in Skyworks stock, highlighting the vulnerability of companies exposed to rapidly evolving consumer trends.
Broader Market Implications:
The Philadelphia Semiconductor Index (SOX), a barometer of semiconductor performance, mirrored the turbulence witnessed by individual companies. The index, comprising the 30 largest semiconductor stocks in the U.S., slid by 3.9%, reflecting investor concerns about the industry's short-term outlook. The widespread sell-off underscores the sensitivity of the semiconductor market to company-specific forecasts and broader economic factors.
Nvidia ($NVDA) Plunge 10% on Friday's Trading SessionThe recent tumultuous journey of this AI-chip giant has left both seasoned investors and keen traders on edge, prompting a closer examination of its trajectory and potential future movements.
The Magnificent 7 Retreat: A Sector Under Scrutiny
NVIDIA's recent 10% plunge, amidst broader market jitters, signals a sobering reality for the so-called 'Magnificent 7' of U.S. mega-cap tech stocks. As the first-quarter earnings season unfolds, concerns over stretched valuations and macroeconomic uncertainties have cast a shadow over the sector.
From Tesla to Meta, Microsoft to Alphabet, the tech behemoths are facing heightened scrutiny. NVIDIA's sharp decline, coupled with losses in other tech giants, underscores the fragility of market dynamics and the daunting challenges ahead.
Unraveling the Rout: Understanding the Catalysts
The catalysts behind NVIDIA's downward spiral are multifaceted. Super Micro Computer's decision to withhold preliminary earnings data served as a trigger, amplifying anxieties across the AI sector. The lack of guidance from related stocks and concerns over earnings reports have exacerbated the sell-off, eroding investor confidence.
Moreover, broader macroeconomic factors, including the Federal Reserve's stance on interest rates and geopolitical tensions, have added to the market's unease. The ripple effects of these uncertainties have reverberated through NVIDIA's stock price, intensifying the volatility.
Charting the Course: Long-Term Resilience Amid Short-Term Volatility
Despite the recent turbulence, NVIDIA's long-term charts paint a picture of resilience. From its origins in the Bitcoin mining frenzy to the post-COVID rally, the stock has weathered multiple bull runs and bearish phases. While short-term moves may sting, the long-term bullish trend remains intact.
For long-term investors, maintaining a keen eye on support levels, particularly the critical $660 mark, is imperative. Any breach of this level could signal a potential shift in sentiment and warrant reevaluation of investment strategies. However, as of now, the stock's upward trajectory remains promising for those with a patient outlook.
Balancing Risk and Opportunity
In the wake of NVIDIA's recent downturn, navigating the path ahead requires a delicate balance of risk and opportunity. Traders must exercise caution, particularly in short-term positions, while remaining vigilant for potential rebounds.
Establishing robust stop-loss measures and closely monitoring key resistance levels can mitigate downside risks and capitalize on potential upside opportunities. Whether considering long or short positions, prudence and foresight are indispensable virtues in the volatile realm of NVIDIA's ( NASDAQ:NVDA ) stock.
Conclusion:
As NVIDIA's rollercoaster ride continues, finding stability amidst uncertainty is paramount. While the market may sway with each earnings update and geopolitical development, steadfast investors recognize the enduring value of NVIDIA's innovations and adaptability.
In the face of short-term fluctuations, the long-term trajectory of NVIDIA's stock offers a beacon of hope for those willing to weather the storm. By charting a course guided by diligence and insight, investors can navigate the turbulence and emerge stronger on the other side.
Nvidia - Struggling at the highs!Hello Traders and Investors, today I will take a look at Nvidia.
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Explanation of my video analysis:
For more than 6 years Nvidia stock has been trading in a pretty obvious rising channel formation. At the moment Nvidia stock is actually retesting the upper resistance trendline. Considering that Nvidia stock also rallied 650% over the past couple of months, it is quite likely that we will see at least a short term correction towards the downside, retesting the previous all time high.
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Keep your long term vision,
Philip (BasicTrading)
NVIDIA WEEKLY UPDATESGot bored on a dip, price of this stock filled the Weekly gap before it distribute to the higher 1000$ per stock.
Are you short? well lets see how this AI driven stocks .
This is not a financial advice folks. stay out your options trading, but its upto you.
This is just my view. Your view is different, we are humans we have different perspective in life.
My thoughts? distribute it to the higher bidder.
Follow for more.
Skip the chart folks, keep on grass daily.
Weekly is better than daily. ciao
Nvidia's Downturn: Correction or Cyclical Shift?Nvidia, the undisputed leader in graphics processing units (GPUs), has hit a rough patch. After a stellar run that saw its stock price reach record highs, the company has entered correction territory, with its share price dropping over 10% from its peak. This sudden decline has sent shockwaves through the tech industry, prompting questions about the company's future and the broader health of the chip market.
A Look Back: Nvidia's Meteoric Rise
The past few years have been a golden age for Nvidia. Fueled by the surging demand for high-performance computing across various sectors, the company enjoyed phenomenal growth.
• Gaming Boom: The surging popularity of video games, particularly during the pandemic lockdowns, led to a massive increase in demand for Nvidia's powerful GPUs, which are essential for delivering high-fidelity graphics experiences.
• AI Revolution: The rapid advancement of artificial intelligence (AI) applications, from self-driving cars to facial recognition technology, created a growing need for Nvidia's specialized AI processing units (AIGPU).
• Cryptocurrency Craze: The rise of cryptocurrencies like Bitcoin and Ethereum, which rely heavily on GPUs for mining, further boosted Nvidia's sales.
These factors combined to propel Nvidia's stock price to dizzying heights, culminating in an all-time high of $950 per share in late March 2024.
A Rude Awakening: Entering Correction Territory
However, the recent weeks have painted a different picture. As of April 10, 2024, Nvidia's stock price has fallen over 10% from its peak, officially entering "correction territory." This is typically defined as a decline of 10% to 20% from a recent high and is often seen as a sign of a market overcorrection or a fundamental shift in the company's prospects.
Possible Causes for the Downturn:
Several factors could be contributing to Nvidia's current woes:
• Market Saturation: The gaming industry might be approaching a saturation point in terms of high-end PC sales. This could lead to a decline in demand for Nvidia's top-tier GPUs.
• Cryptocurrency Volatility: The recent slump in cryptocurrency prices has led to a decrease in mining activity, potentially impacting Nvidia's sales to miners.
• Supply Chain Concerns: Ongoing global supply chain disruptions could be hindering Nvidia's ability to meet production demands, leading to shortages and price hikes.
• Analyst Cautiousness: Some analysts are expressing concerns about the sustainability of
Nvidia's growth trajectory, particularly in the face of increasing competition from other chip manufacturers.
Is This Just a Temporary Blip?
Despite the recent decline, some experts remain optimistic about Nvidia's long-term prospects. Here's why:
• The Metaverse Advantage: The burgeoning metaverse, a virtual reality-based online world, requires powerful graphics processing capabilities, which could be a major growth driver for Nvidia.
• AI Adoption Continues: The adoption of AI across various industries is expected to continue at a rapid pace, ensuring a sustained demand for Nvidia's AIGPUs.
• Innovation Powerhouse: Nvidia is known for its constant innovation and cutting-edge technology development. This could lead to new product categories and revenue streams in the future.
Navigating the Uncertainty: What Investors Should Consider
With conflicting signals emerging, investors are grappling with whether this is a buying opportunity or a sign of a more significant downturn. Here are some key considerations:
• Market Sentiment: Keep a close eye on the broader tech market and overall economic conditions. Factors like interest rate hikes and inflation can impact investor confidence and, consequently, technology stocks.
• Company Performance: Evaluate Nvidia's recent financial performance, future product roadmaps, and its response to emerging challenges. Are they taking steps to address supply chain issues or developing new markets?
• Analyst Opinions: While not infallible, analyst ratings can offer valuable insights into the potential risks and opportunities for Nvidia.
Beyond Nvidia: The Broader Chip Market
The correction in Nvidia's stock price might be indicative of a broader slowdown in the chip market. Investors should monitor other major chipmakers like AMD and Intel to gauge the overall industry sentiment.
Conclusion: A Crossroads for Nvidia
Nvidia undoubtedly faces headwinds, with its stock entering a correction territory. However, the company's strong fundamentals and position in high-growth markets like AI and the metaverse suggest its long-term potential remains intact. Investors should carefully consider the company's future prospects, the broader tech market landscape, and their own risk tolerance before making any investment decisions. The coming months will be crucial for Nvidia to navigate these challenges and demonstrate its ability to sustain its impressive growth trajectory.
Nvidia Enters Correction Zone After Plummeting by 10%Chipmaking giant Nvidia ( NASDAQ:NVDA ) finds itself navigating the stormy seas of correction territory. With shares down 10% from their recent all-time highs, investors are left wondering: what lies ahead for this AI powerhouse?
Nvidia's ascent to prominence has been nothing short of remarkable, fueled by the insatiable demand for its graphics processing units (GPUs) in the era of artificial intelligence. From powering compute-intensive AI applications to serving as the backbone of data centers, Nvidia's chips have been instrumental in driving the AI revolution forward.
However, as the dust settles and the euphoria of past gains fades, investors are left pondering the reasons behind Nvidia's recent downturn. One catalyst could be the unveiling of Intel's new AI chip, Gaudi 3, which promises to rival Nvidia's most advanced offerings. Boasting superior power efficiency and faster AI model processing capabilities, Intel's chip represents a formidable challenge to Nvidia's dominance in the AI space.
Moreover, analysts at D.A. Davidson have raised concerns about a potential cyclical downturn on the horizon for Nvidia. They point to factors such as the shrinking size of AI models and increased competition from alternative solutions, which could dampen demand for Nvidia's stock in the coming years.
Despite these headwinds, Nvidia ( NASDAQ:NVDA ) remains a titan in the world of AI technology, with a track record of delivering stellar financial performance. The company's recent earnings report showcased a staggering 486% jump in non-GAAP earnings per diluted share, underscoring the continued strength of its business.
As investors grapple with the uncertainty of market corrections and the evolving landscape of AI technology, Nvidia stands at a crossroads. Will it weather the storm and emerge stronger than ever, or will it succumb to the pressures of increased competition and shifting market dynamics? Only time will tell.
In the meantime, investors would be wise to keep a close eye on Nvidia's strategic moves and technological advancements, as they may hold the key to its future success in an ever-changing landscape.
Technical Outlook
Nvidia ( NASDAQ:NVDA ) stock is in a downward Trend with the stock closing at 2% loss in Tuesday's trading session. With a weak Relative Strength Index (RSI) of 44.99 paving way for further decline. Nvidia's ( NASDAQ:NVDA ) 4-month price chart shows a three-black bearish crow candlestick pattern further attesting to the bearish trend of this thesis.
In conclusion, while Nvidia ( NASDAQ:NVDA ) may be facing challenges in the present moment, its long-term prospects remain promising. As it adapts to the evolving demands of the AI market and navigates the complexities of correction territory, Nvidia has the potential to emerge as a resilient and enduring force in the world of technology.
Nvidia - Entering a bear market!Hello Traders and Investors, today I will take a look at Nvidia.
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Explanation of my video analysis:
For more than 6 years, Nvidia stock has been trading in a long term rising channel formation. We had the last retest of support in 2021 which was then followed by a +650% rally towards the upside. As we are speaking Nvidia stock is retesting the upper resistance of the channel and we might see a short term correction towards the downside to retest the previous all time high.
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Keep your long term vision,
Philip (BasicTrading)
Introducing Nvidia's Next Generation AI Hardware and Software OfNvidia has officially introduced its next generation AI hardware and software offering, setting a new standard in the industry. With cutting-edge technology and innovative solutions, Nvidia is paving the way for the future of artificial intelligence.
This new offering promises to revolutionize the way we approach AI, providing faster, more efficient, and more powerful solutions than ever before. With Nvidia's state-of-the-art hardware and software, traders can expect increased performance, improved accuracy, and enhanced capabilities to stay ahead in the market.
Now is the time to invest in Nvidia and take advantage of this groundbreaking technology. Don't miss out on the opportunity to be a part of the future of AI. Join us in long Nvidia today and be a part of the next generation of innovation.
Unveiling the Plot to Dethrone Nvidia's AI DominanceA coalition of tech giants spearheads a revolutionary effort to break Nvidia's stranglehold on AI development by targeting its software fortress.
In the high-stakes arena of artificial intelligence, where innovation is the currency of power, Nvidia ( NASDAQ:NVDA ) has long reigned supreme. With a market cap soaring to $2.2 trillion, fueled by their cutting-edge AI chips and the proprietary CUDA software platform, Nvidia's dominance seemed unassailable. That is, until now.
A formidable coalition of tech titans, including Qualcomm, Google, and Intel, has clandestinely assembled to challenge Nvidia's hegemony. Their audacious plan? To unravel the very fabric of Nvidia's advantage: its software stronghold.
At the heart of this insurgency lies the UXL Foundation, a consortium dedicated to liberating developers from the clutches of Nvidia's proprietary ecosystem. Armed with Intel's groundbreaking OneAPI technology as its vanguard, UXL aims to forge a new frontier of open-source software capable of powering an array of AI accelerator chips, unshackling developers from Nvidia's grip.
"We're showing developers how to migrate out from an Nvidia platform," declares Vinesh Sukumar, Qualcomm's AI and machine learning luminary, hinting at the seismic shift underway.
But this isn't merely a skirmish over software; it's a battle for the soul of AI innovation. Bill Hugo, Google's director and chief technologist of high-performance computing, emphasizes the broader significance: "It's about creating an open ecosystem, promoting productivity, and fostering choice in hardware."
The stakes couldn't be higher. With UXL's technical steering committee poised to finalize specifications and refine the blueprint for a software revolution, the industry braces for a paradigm shift. Cloud-computing behemoths like Amazon and Microsoft's Azure loom on the horizon, poised to join the fray, signaling a tectonic shift in the AI landscape.
Meanwhile, the burgeoning cadre of startups, armed with over $4 billion in venture capital, stands ready to challenge Nvidia's supremacy. Their numbers swell as they seek to exploit chinks in Nvidia's armor, fueled by a surge in funding and a fervent belief in their ability to disrupt the status quo.
Yet, amidst the fervor of revolution, Nvidia ( NASDAQ:NVDA ) remains undeterred. Ian Buck, a stalwart executive, acknowledges the accelerating pace of innovation but remains resolute: "New ideas in accelerated computing are emerging from all corners of the ecosystem."
In the face of this existential threat, Nvidia's greatest asset may not be its formidable hardware or even its venerable CUDA software, but rather the inertia of familiarity. As Jay Goldberg of D2D Advisory opines, "People have been using CUDA for 15 years, building their code around it."
The battle lines are drawn, and the clash of titans is imminent. As the world watches with bated breath, one thing is certain: the outcome of this struggle will shape the future of AI for generations to come. In this epoch-defining showdown, the question remains: will software usurp silicon, or will Nvidia's reign endure?
NVIDIA 1000$?The AI chips make NASDAQ:NVDA makes a lot of noise, for those who can wait for price pullback wait below
The idea is Buy, but if you want to short this be on your own, This is only my view on this stock, we might see 1000$ or not. if algo can manipulate the 9 number then this
valid, if not were going lower.
To a stock trader trade at your own risk, to longterm stock holder we wait below.
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My ideas is always out of your trading basis, so this might not your typical charts for stocks.
If youre following me since then you might understand, not all of my ideas is working. Were not perfect so stop blaming someone on your losses.
Trade it or own it.
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Nvidia - Volatility At The TopHello Traders, welcome to today's analysis of Nvidia.
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Explanation of my video analysis:
For a decent period of time, Nvidia has been trading in an obvious rising channel formation. We had the last retest of support in 2022 so the rally of +600% towards the upside was actually quite expected. Nvidia is now approaching the upper resistance of the rising channel so there is a quite high chance that we will see at least a short term bearish rejection soon.
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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.
Nvidia's GTC 2024: Unveiling Next-Gen AI Chips and SoftwareNvidia ( NASDAQ:NVDA ), the titan of artificial intelligence semiconductors, kicks off its highly anticipated annual developer conference amidst fervent speculation surrounding new chip unveilings and software advancements. As Chief Executive Jensen Huang takes the stage for his keynote address, investors and tech enthusiasts alike await eagerly to witness the latest offerings that will shape the future of AI technology.
The Quest for Innovation:
At the heart of GTC 2024 lies Nvidia's relentless pursuit of innovation, epitomized by the unveiling of its next-generation AI processors. With competitors like Intel and Advanced Micro Devices vying for market share, Nvidia aims to solidify its leadership position by introducing the formidable B100 chip, poised to deliver significant enhancements over its heralded predecessor, the H100.
Beyond Chip Design:
While Nvidia's prowess in chip design is undisputed, the company's foray into software products further underscores its commitment to holistic technological advancement. Huang is slated to reveal a plethora of new software innovations, reflecting Nvidia's multifaceted approach towards shaping the AI landscape. With its software and services business reaching a remarkable annual run rate of $1 billion, Nvidia ( NASDAQ:NVDA ) demonstrates its capacity to drive innovation across both hardware and software domains.
Return to In-Person Engagement:
Amidst the backdrop of a post-pandemic world, Nvidia's decision to hold GTC in person for the first time since 2019 signifies a symbolic return to normalcy. With an expected attendance of approximately 16,000 individuals—double the figure of the last in-person event—GTC 2024 heralds a resurgence of interactive engagement and collaborative exchange within the tech community.
The Grand Stage:
Huang's keynote address, set against the backdrop of a Silicon Valley hockey arena, represents a fittingly grand stage for the unveiling of Nvidia's latest innovations. As the largest venue ever secured for such an event, it underscores the magnitude of anticipation surrounding Nvidia's announcements and the pivotal role the company plays in shaping the future of AI technology.