Nvdia GeardownAfter nailing the bottom in 2023 and selling over the years took my biggest stack and faded last week into the vwap everyday, looking at short opportunities now. Keep your eyes glued to that support level. Already broke on a huge volatility day enjoy the ride, Bounce here needs to lineup with the rest of the market, maybe see another rally we could fade
NVDA trade ideas
NVIDIA 200 BY 2025 Reasons Why NVIDIA Could Reach $200 by 2025
NVIDIA (NVDA) has been at the forefront of technological innovation, particularly in the realms of AI and graphics processing, positioning it well for significant stock price growth. Here are several reasons why NVIDIA's stock might hit $200 by 2025:
Dominance in AI and Data Center Markets:
NVIDIA's GPUs are the backbone for many AI and machine learning applications. Their leadership in this space, especially with the advent of AI-driven technologies across industries, is expected to keep revenue growth robust. The company's data center segment has seen exponential growth, with analysts predicting a continued upward trend due to the increasing demand for computing power in AI applications.
Strategic Product Roadmap:
NVIDIA's product pipeline, including the Blackwell architecture, is anticipated to propel the company forward. The Blackwell chips, expected to launch in 2025, are designed to push performance boundaries for AI applications, potentially capturing more market share and driving revenue. The expectation around these new architectures creates a bullish outlook for NVIDIA's stock.
Strong Financial Performance:
NVIDIA's financial results have consistently outperformed expectations. For instance, Q2 FY 2025 saw a revenue increase of 122% year over year, demonstrating the company's ability to maintain high growth rates. Despite a natural slowdown expected due to tougher year-over-year comparisons, the company's growth is still projected to be impressive at around 43% for FY 2026, supporting a narrative of sustained stock price appreciation.
High Barriers to Entry and Market Moats:
The complexity and performance of NVIDIA's offerings create high barriers for competitors, ensuring NVIDIA's market leadership. Analysts highlight NVIDIA's 24-month technological lead in AI GPUs, with high switching costs for customers locked into NVIDIA's ecosystem. This moat is expected to support premium pricing and market share retention, which could translate into stock value growth.
Analyst Optimism:
Numerous Wall Street analysts have set price targets for NVIDIA well above its current levels, with some predicting it could hit $200 or more by 2025. These forecasts are based on NVIDIA's strong fundamentals, technological edge, and market position in AI and computing solutions.
Market Sentiment and Valuation:
Even though NVIDIA's stock trades at a premium valuation (62 times trailing earnings as of recent data), analysts believe that its growth trajectory justifies this price. If NVIDIA continues to meet or exceed growth expectations, its valuation could expand further, driving the stock price towards $200. However, achieving this target would require either a significant earnings surge or a market sentiment favoring even higher multiples for tech growth stocks.
Global AI Adoption:
Posts on X highlight the ongoing global shift towards AI, with NVIDIA at the forefront. The demand for NVIDIA's computing solutions is expected to grow as AI becomes more integral to various sectors, from automotive to cloud computing, thereby supporting stock price growth.
$NVDA NEOWAVE ANALYSIS Experimental analysis with the intention to follow back later on as I am still learning
CRASH INCOMING!!
The pattern is a Diametric
A Diametric is a 7-legged formation
NVDA has reached the target for wave G
The action following a Diametric pattern does not depend on the Diametric itself.
If the movement after wave-G is not more stronger and faster than waves-B, D, and F, then an X-wave is likely forming. If it is, then the Diametric could be part of a larger pattern in progress, or it could represent wave-1 or 3 in a Terminal formation.
Selling Opportunity setup -NVDAIn general me and my brother, we are long on NVDA, but since we noticed multiple red flags, we believe that in the short term there are more odds in favor of a correction than a continuation. We take the upcoming earnings as a trading event and we access the risks versus the potential upside return.
Our trading system gave us a signal for a long entry on the open of 19 November 2024.
We will now show you the red flags:
#1 Pattern similarity
Feels like we traded this pattern before, see the current pattern of Nvidia VERSUS an old pattern of the SPY:
You can clearly see, that there was a correction and a long sideway action, then the price did a NEW HIGH on a small upward channel of higher highs and higher lows.
#2 Not the right volume pattern
You would expect that when the price is rising and makes a new local highs, the volume will increase on the upside, but there is a rise on shrinking volume. Also most of the relative large volume is on the red bars down on the selling side.
Let us do the following thought experiment, if a small edge fund wants to book profit on NVDA which I am sure such an edge fund exists since we are at all new time highs, they would put sell orders so a big edge fund will fill them and they will book a profit. This should be manifested as a large spike in volume, especially when the stock reached a new all-time high twice. But we did not see any spike in volume!
This means as Jesse Livermore liked to put it, the stock is not acting right ! We wanted to see Nvidia making a new high on large volume and push forward to $180 as analysts forecast, but it didn't.
We suspect that the rising in price, is a retail activity being allowed by the puppet master, so the puppet master could sell out Nvidia as high as he can. Hence he is the Master, and the public is the puppet. They are being played to believe that Nvidia will get to $180 right now.
Somehow we feel it's a red flag, that NO VOLUME is entering the market on a rising price. This COULD happen in a case where all the market and public are so bullish on Nvidia that everyone just lifted up all their sell limit orders to $160 plus, so this explains the non existance of volume. However, the odds are not in favour of this behavior since it is not normal human behavior of profit taking.
#3 No shakeout of the public
Previously the market shaked out all the non believers, but now, they just let the stock price chip its way up with higher highs and higher lows to reach $150 but not break it? ... No stop loss hunting to get liquidity from the market? looks suspicious.
#4 Options Chain Large Size on the long side (calls)
At first we wanted to buy options to the long side, but since we saw we were less likely to profit from it since IV (Implied volatility) is 100%+ it made the options prices too expensive, and no room for a reasonable profit. The day after earnings, the IV will drop dramatically and we saw in our indicator that it is a losing bet UNLESS it will actually reach $180 after earnings is released and we are skeptical about it.
See the options volume leaders:
You can clearly see that Nvidia is a leader of sold call options above $150 (open interest).
I don't know if you read the options book, but statistically most options end up worthless...
This is how the market makers make their money...
and it is profitable... to collapse the price of the stock... by selling hardly the stock... so all those options will end up worthless...
Because it is PROFITABLE to make them worthless, we somehow find it hard to believe they will let all those options become at the money by a price jump to $180 right now as analysts say it expects to go. Because this means they will lose lots of money on those sold OUT OF THE MONEY options.
There are substantially more amounts of Calls than Puts. (1.61 ratio).
The volume of options is crazy, this is serious money.
The options in the interesting prices ($150 for example) are 4 times larger calls than puts.
There could be a possibility that if the market sentiment of Nvidia is so bullish that they can't sell the stock down, they will have no choice but to edge themselves, and buy the stock itself which will ultimately drive the price of Nvidia up. We estimate this low in likelihood, given recent other earnings that pushed the stock prices down when the earnings are released after hours.
So what can you expect next?
You can expect this for sure:
If the post-earning movement will be to the upside, your portfolio of other stocks (the market) will not gain the same amount of return.
If the post-earning movement will be to the downside, since all the indexes will get hurt (due to high weight of NVIDIA), the whole market will get HURT, so NVIDIA loss will be reflected also in other stocks in your portfolio.
THE SELLING SETUP is to wait for NVIDIA to crush on earnings so it will crush the market, and then it is the happiest day for DAY TRADING ! to the short side...
Since, the odds for short on the post-earning day, are very high, and it is like a present from the market, since you can prepare yourself to it by waiting for the money to be on the floor, so you just pick it up.
STILL MAKING HIGHER HIGHS BUT ALSO H&S If you had decided to hold the channel in the sideway movement, it would have worked both ways for you, as it did an excellent job for both bulls and bears. The sharper move it has made since joining the DOW is still yet to be seen, waiting for what many have called a run-up to 200. Until then, 131 remains solid support unless some may perceive this pattern as similar to a double top, even though it doesn't measure right for me. Short-term outlook bearish, long-term potential bullish.
NVIDIA’s Candle Shadows and Volume: A Tactical PerspectiveThe recent NVIDIA chart displays significant technical activity around critical levels. The shadow on the 1D chart, particularly below $140, signals buying interest. Key observations include:
1. Shadow Analysis: The large lower wick on the most recent candlestick tested $140 but closed above $142. This suggests buyers stepped in to defend this zone, creating a rebound effect.
2. Volume Surge: The day closed with over 300M in volume, a spike compared to the 20-day average of 200M, indicating heightened activity and interest in the $140-$142 range.
3. Historical Levels: A similar shadow pattern occurred on October 13, when the price tested $132 but quickly recovered. These areas are emerging as reliable demand zones for short-term trading.
4. Key Levels:
• Resistance: $148 remains a tough level, marked by rejection candles with upper shadows.
• Support: $140 is holding, with buyers repeatedly absorbing sell pressure.
Consideration
If the next candlestick closes above $145 with lower volume, it may signal a lack of selling pressure and confirm a short-term bullish reversal. However, a break below $140 with continued high volume could trigger further downside to $135.
The gem of the marketNVDIA the gem of the market. The good news is that it is still above the 200 EMA. The bad news it may be cycling down to the bottom of the upward parallel channel who knows maybe to the 130 to120 price range? SRSI andcm_macd_ult_mtf (MACD) bearish, RSI levels sustainable. Be very careful and please be mindful of parallel channel and support/resistance levels.
NVDA is the NOK of the 2000 Tech BubbleIn the year 2000, if you said Nokia as a bubble and would correct you were called insane. It was not even possible for bulls to consider that the leader in Cellular phones with no competition would ever go down. NVDA is in a similar position today. The leader has everything to loose. They get over confident, make stupid investments, and the competion becomes more focused and innovative. The bubble growth leads to investor complacency and foolishness' to the point they don't even consider the Macro environmental factors degrading. All of this sets up for massive bear markets in such stocks.
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.
$NVDA is headed back to $80sIt was a fun run for NVDA but it looks to be coming to an end.
We've reached max stupid in the stock market and the correction is about to be painful. Not sure what's going to cause this type of a move, maybe SMCI news ends up being a bigger deal in earnings than what was initially let on, maybe people finally realize the hype cycle in AI is way ahead of where the tech is, or maybe, people just realize the company is way overvalued.
Whatever happens during earnings, looks like the same outcome. Price is going to trade back in the 80s. This is likely the top.
Hoping we see a move back to $145 on Monday to enter some puts.
Let's see how it plays out over the coming weeks. NASDAQ:MSFT looks horrible too. Will likely do a chart on that next.
NVDA Analysis – Watching Key Levels! Hello Folks
Alright, here’s what I’m seeing on NVDA. We’re still bullish for now, but I’ve marked the level where things could shift if it breaks.
First Entry: Around $140, expecting support to hold and price to bounce.
Second Entry: If price breaks $151, I’ll look to add at $148 after a retest for continuation.
Targets :
TP1: $151.69
TP2: $162.66
Stops below $136, keeping it tight in case the CHOCH level breaks and we start heading lower.
For now, the setup looks solid. Let’s see if $140 holds, or if we dip lower before the next move.
What’s your thought, folks?
Nvidia (NVDA) Stock Drops Following Earnings ReportNvidia (NVDA) Stock Drops Following Earnings Report
On 13 November, we analysed Nvidia’s (NVDA) price chart and noted:
→ The continuation of a long-term upward channel (highlighted in blue).
→ A consolidation below the psychological $150 level, forming a narrowing triangle along the Quater Line, which divides the lower half of the channel.
On 20 November, Nvidia released its Q3 earnings report, which exceeded analysts’ expectations:
→ Earnings per share (EPS): $0.81 (expected: $0.74).
→ Revenue: $35.08 billion (expected: $33.17 billion).
→ Revenue growth: +94% year-on-year, +17% quarter-on-quarter.
Key Insights (via Reuters):
→ Optimism centres on Nvidia’s new Blackwell processors.
→ Concerns arise over a reduced revenue forecast due to supply chain constraints in chip production.
Despite strong results, Nvidia’s stock price dipped slightly following the report. Pre-market data suggests today’s trading could start around $142.50.
What’s Next?
Technical analysis of Nvidia’s chart indicates potential for further downside movement, with resistance levels formed by:
→ The psychological $150 mark.
→ A Resistance line running parallel above the correction channel (July–October) at a height equal to its range.
If bearish sentiment gains momentum in today’s main session, it could:
→ Confirm a bearish breakout from the consolidation triangle.
→ Threaten a breach of the lower boundary of the long-term growth channel.
In a worst-case scenario, NVDA could shift into a bearish trend within a descending channel (marked in red).
Analyst Outlook:
According to TipRanks:
→ 39 of 42 analysts recommend buying NVDA stock.
→ The average 12-month price target is $165.
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.
Short time, target 138Following daily chart.
I am posting a couple of hours before earning.
First, I don't believe the earnings will be good enough to push the price more. Also, I am following 3 different power indicators, which all gave me a short signal.
In this case, I want to use 2 different Fibonacci levels for the target, The first one is a long run from august, the other one is a short run, and both targets are around 137 for me.
TP 138
SL 147 - stop under 147 candle close.
Btw I see the same pattern in Amazon and SPX, so I am short in both 3 of them.
Nvidia Short trading opportunity(overnight to swing trading) 1I expect a drop of about 5-10% all the way down to $130 from $140.50+-
Stop Loss $145.00+-, take profit is $130+-.
I am risking 50 shares of Nvidia in a short position.
The company is at this point very much overvalued, any negative news might trigger a over-reaction even if not truly impactful (or if impactful), and its undervalued (or not so overvalued) peers might look like the safer place to put money in.
That and its just a guess.
2024: The Year NVIDIA Changed Game RulesNVIDIA (Ticker AT: NVDA.US) closed 2024 with record numbers and clear dominance in key industries such as artificial intelligence (AI), data centers and advanced graphics. The company, which remains a pillar of the technology sector, continues to surprise analysts and investors alike with its ability to exceed expectations and lead innovation.
Fourth Quarter 2024 Financial Results
In the fourth quarter of 2024, NVIDIA reported revenue of $22.1 billion, beating initial estimates of $20.6 billion. Earnings per share (EPS) came in at $5.16, well ahead of the forecast of $4.64. This solid performance reflects the impact of strong demand for its high-performance chips, used in AI, advanced graphics and machine learning applications.
The data center segment again stood out as the main growth driver, generating more than 60% of total revenue. Meanwhile, the gaming segment contributed $3.4 billion, demonstrating that, although NVIDIA has diversified its business, the gaming market remains an important pillar.
Promising Outlook for 2025
Looking ahead to the first quarter of 2025, NVIDIA projects revenue of $24 billion, beating Wall Street expectations of $22.2 billion. This optimism is supported by the rise of AI and the increasing adoption of its technology innovations, such as H100 GPUs and the new Blackwell series, designed to accelerate big data processing.
In addition, the company continues to expand its influence in emerging industries such as automotive and professional visualization. Its NVIDIA DRIVE platform, focused on autonomous vehicles and advanced driver assistance systems (ADAS), is gaining traction in the automotive market.
Diversification and Technology Leadership
1. Gaming: A Relevant Pillar
GeForce RTX graphics cards keep NVIDIA as a market leader in video games, especially thanks to their integration with platforms such as Steam and GeForce NOW. Although growth in this segment was moderate, it remains crucial for the company.
2. Data Centers: Dominance in the Age of AI
The adoption of A100 and H100 GPUs for AI and cloud computing applications reinforces NVIDIA's role as a key player in this sector. Companies such as Microsoft and Google continue to rely on its products to develop advanced processing solutions.
3. Automotive and Professional Visualization
In automotive, NVIDIA is advancing technologies for autonomous vehicles, while its professional visualization solutions, such as NVIDIA Omniverse, are transforming industries such as architecture, 3D design, and filmmaking.
Technical Aspect
If we look at the chart NVIDIA started its upward climb in October last year, a whole year in an unstoppable bullish range. The release of yesterday's data allows us to understand that the firm's strength has a loyal following. Looking at the crosses of averages, the 200 average is well separated from the 100 and 50 averages, so the momentum seems to be sustained by a market believer in the company. If we look at the Check Point (POC) we see that the advance in its price has only generated 3 bells with a check point marked in a zone of $50 so if the company does not perform as it should in 2025 it would be more than likely that this would be its current floor, which coincides with the area of the upward momentum. RSI at 63.88% marks us a perception of a company with a strong following and it would not be unusual to see it reach the $200-$220 price this year if everything continues in such a trending market.
Conclusion: An Unstoppable Technology Powerhouse
NVIDIA's 2024 results not only exceeded expectations, but also underscore its ability to adapt and lead in an ever-changing technology environment. With record revenue and prospects for sustained growth, the company has established itself as a cornerstone of the global technology industry.
Looking ahead to 2025, NVIDIA is positioned to continue to dominate key markets such as AI, gaming and automotive, with a continued focus on innovation and sustainable growth.
Ion Jauregui - Analyst ActivTrades
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NVIDIA (NVDA) Earnings Beat Expectations! 🚀 NVIDIA (NVDA) Earnings Beat Expectations! 🚀
NVIDIA just released its earnings report last night, and the results are stellar:
💰 Revenue: $35.08 billion
🔥 Exceeded Expectations: By 5.77%
This impressive beat highlights NVIDIA's dominance in the AI and semiconductor space, showcasing its ability to capitalize on booming demand for cutting-edge technology.
📊 Market Outlook
The market is expected to react positively during the pre-market session. Based on Elliott Wave analysis on the 25-minute chart:
Current Position: Wave 2
Potential Move: A strong rally could lead to new all-time highs at $151 and $155.
⚠️ However, if we see a drop below $137.70, it could signal a liquidity grab before the anticipated move upward.
💡 Pro Tip: Monitor pre-market action and key levels closely to optimize your entry and risk management.
#NVIDIA #Earnings #StockMarket #NVDA #ElliottWave
NVDA Breakout Alert: TA for Nov. 20, 2024NVDA has been exhibiting a strong recovery from its recent lows, breaking out of a descending trendline on the hourly timeframe. With bullish momentum building, this stock is primed for both scalping and swing trade setups. In this analysis, we’ll dive into the market structure, supply and demand zones, price action insights, and trading opportunities to capitalize on NVDA’s movement.
Market Structure Overview
* Trendline Breakout: NVDA has decisively broken out of a descending trendline, signaling potential upside.
* Current Price Action: Trading at $149.68 with strong bullish candles and volume confirming the breakout.
* Volume Analysis: Increased buying volume during the breakout phase, suggesting institutional interest.
Supply & Demand Zones
* Demand Zone (Support): $137.06 - $140.32. This area has historically seen strong buying interest and could act as a safety net for pullbacks.
* Supply Zone (Resistance): $149.95 - $155.00. This region is the next significant hurdle NVDA must clear to confirm a bullish continuation.
Key Levels
* Support Levels: $137.06, $140.32.
* Resistance Levels: $149.95, $155.00.
Order Blocks
* Bullish Order Block: $137.00 - $138.50. Watch for potential rebounds if NVDA retraces to this level.
* Bearish Order Block: $149.50 - $150.00. This area may see selling pressure and could be a profit-taking zone for scalpers.
Technical Indicators
* 9 EMA & 21 EMA (Hourly): The stock is trading well above these levels, indicating a strong bullish trend.
* MACD (Hourly): Bullish crossover with increasing histogram bars, signaling momentum.
* RSI (Hourly): Hovering near 70, indicating strength but watch for overbought conditions.
Scalping Plan
* Entry: Look for a pullback to the $147.00 - $148.00 range with confirmation from bullish candles.
* Exit: Target $149.50 initially, then $150.00 for extended profits.
* Stop-Loss: Tight stop at $146.50 to limit risk.
* Game Plan: Focus on momentum plays near breakout levels. Use high-volume candles as confirmation for entries.
Swing Trading Plan
* Entry: Buy on a retracement to the $140.00 - $143.00 demand zone.
* Exit: Partial profit at $149.95, with the final target at $155.00.
* Stop-Loss: Below $137.00 to avoid deeper pullbacks.
* Game Plan: Monitor for continuation patterns like flags or pennants above $149.00 to add to positions.
Projection
NVDA’s breakout is supported by strong technicals and volume. If it sustains above $149.95, it is likely to test $155.00 in the coming sessions. Failure to hold $147.00 may result in a retest of the $140.00 support zone, offering another buying opportunity.
My Thoughts
NVDA appears poised for further upside in the short term, but caution is warranted near key resistance zones. Scalpers should watch for quick reactions near $149.50, while swing traders can benefit from the broader trend. Stick to the plan, respect your stops, and let the market guide your moves.
Nvidia (NVDA) Earning Report Trade I only trade long breakouts. Though this trade makes no assumption of the outcome of Nvidia earnings call. It was targeting an upward movement in the stock before and after the earnings call.
As per the oldest trick in the book, the NVDA stock was expected to fall (before rise) on successful earnings results. The fall was specifically targeted to collect additional liquidity from the SL orders below the current market price.
Two bands were drawn on the chart to indicate the upper and lower band of the Volume Profile and the PoC line.
Most SL orders will be placed below the PoC line, near the lower band. In my case, an order to buy was placed near the lower band, at 140$. The ongoing market price when the order was placed was 147$.
The NVDA results were well above the expectations. As expected, the NVDA stock went for a deep dive below and touched the 140 range and filled my order, before rising sharply above 144$ and then stabilizing around the level for some time. I was able to capture a move of around 3%.
NVIDIA Q3 earnings exceed expectations, but stock price falls
Nvidia's third-quarter earnings surpassed market expectations. The EPS stood at 81 cents, notably higher than the market consensus of 75 cents. Total sales reached almost $35 billion, exceeding the forecast of $33 billion. This impressive performance was highlighted by a remarkable 94% increase in total sales compared to last year's period, alongside a robust 106% surge in net profit.
Despite delivering a solid third-quarter performance, Nvidia's stock price took a hit. This drop occurred as the company's fourth-quarter sales guidance fell short of Wall Street's elevated expectations. The market had projected Nvidia's fourth-quarter sales to reach $37.5 billion, but the company revealed that it would instead be at $37.1 billion.
NVDA has fallen slightly since the earnings announcement and remains around 146.00. However, the price still remains within the ascending channel, indicating momentum. If NVDA sustains an uptrend within the channel, the price may gain upward momentum toward the 150.00 high. Conversely, if NVDA breaks below the channel’s lower bound, the price may fall further to 138.30.
NVDA higher - correction - higher $145Looks like NVDA will top this week with a couple dojis near $136.83 to end the week, then a small correction toward $126;and then a push higher to end June and the 2Q at near $143.87
After hitting $143.87 a 3 wave correction like Mar-Apr correction toward $116 while market digests the recent bullish move finishing its 3Q-4Q higher near $145
Chart Pattern Analysis Of NVDA
From K1 to K3,
It is a bullish three soldiers advancing pattern.
Two candles close upon the neck line.
It is most likely a valid break up.
And market will accelerate.
If I hadn’t bought it earlier.
I will buy it here.
A nearest price target is about 200USD.
On the other hand,
If K4 close below the neck line,
The risk will sharply increase.
I think the possibility is relatively low here.
NVDA 🚨 Nvidia Smashes Records on AI! 🚨
NASDAQ:NVDA
🚀 Delivered spectacular results for Q3, reporting revenue of $35.1 billion (+94% YoY) and adjusted EPS of $0.81, significantly beating expectations. The company also forecasts sales of $37.5 billion for next quarter, solidifying its position as a leader in the AI revolution.
💻 Key Highlights
▫️ Data Center🟰 $30.8 billion (+112% YoY), driven by demand for advanced chips like “Blackwell.”
▫️ Gaming🟰 $3.28 billion (+8% YoY), fueled by GPUs for PCs and consoles like the Nintendo Switch.
▫️ Automotive & Robotics🟰 $449 million (+72% YoY), led by autonomous vehicle and robotics chips.
🎯 Nvidia by the Numbers
Stock Performance in 2024🟰 Nearly tripled.
AI Chips🟰 Hopper and Blackwell models are in high demand, with sales expected to outpace supply into 2025.