NVIDIA Corporation (NVDA) News

Google, Amazon, and Microsoft are very soon testing alternatives to Nvidia. If their tests are successful, I wonder what the cost to Nvidia will be. I don't believe the future of Nvidia will be as bright as everyone thinks including myself. Quite frankly I expect new lower SP for Nvidia if those tests are successful. The other concern I have is the increased monthly frequency of selling by Nvidia insiders. June and July (2024) insider sales have doubled over the last two years. One could say it's because they're getting less money per transaction since the split but it doesn't look that way in all cases. They also have a greater time period for the sale but are doing it at a faster rate. Draw your own conclusions but should know withing the next 2-3 months on the outcome of the testing.

We're a long way off from actual quantum computing. It's done at temperature lower than -459F and error correction is another issue. However, quantum computing is exponential faster and so much faster once all the issues have been addressed. We're probably 10-29 years away from a truly functional quantum computer. I think it's silly and unrealistic to say a GUI is actually used for quantum computing. There is also another technology which can handle more data and faster at less power than GUI (graphic user interface) and it's a tenser computer but the cost is quite high.

NVDA has always been a long term investment. Traders make a few bucks, investors make mega bucks.

600,000 dollars 80 puts for January 2025.

Nvidia Breaks the 50-day SMA: Is This a Threat or an Opportunity?
By: Arthur Hill | July 26, 2024

• The long-term trend provides perspective and sets the trading bias.
• The bias is bullish during long-term uptrends.
• Breaks below the 50-day SMA are viewed a opportunities, not threats.

After a big run this year, Nvidia (NVDA) fell over 15% from its high and broke its 50-day simple moving average (SMA). On the face of it, a break below this "key" moving average seems like a short-term bearish signal. Such a view, however, would ignore the long-term trend, which is the dominant force at work.

The first job is to define the long-term trend because this provides perspective and sets the trading bias. Nvidia is clearly in a long-term uptrend because it is well above the rising 200-day SMA, and recorded a new high a month ago. During a long-term uptrend, declines are viewed as corrections that provide opportunities. Therefore, the break below the 50-day SMA is more of an opportunity than a threat. Our reports and videos this week suggest the same for QQQ.



Corrections come in all shapes and sizes. We could get a short pullback, an extended pullback, or a trading range. Nobody really knows. The decline into April broke the 50-day SMA, but this correction was short-lived as the stock broke out in early May. The decline in September-October 2023 was longer because NVDA broke the 50-day SMA twice. These breaks did not lead to a bigger trend reversal.

Looking at the current break, the decline over the last four weeks looks like a normal correction after a big advance. NVDA was up 78% from mid-April to mid-June. A correction that retraces a portion of this advance is perfectly normal. The long-term trend is still up, and I view this correction as an opportunity, not a threat.

Read Full Story »»»

DiscoverGold

It is a whole different ecosystem for sure. I don’t know squat about quantum computing much less the market prospects for it.

there is a limit on how many chips you can make and sell in a given 90 day window

therefore, there is a cap on market cap for all chip stocks

my guess is NVDA at $140 was the top, around $3.5 trillion market cap

buy one put before ER, if it runs hard, buy puts after the gap up

if it tanks, then that one little put can do well

its the best way to play heading into August and september

I bet you’re right - can’t believe more buys didn’t occur in advance of the meeting THIS MONDAY between META and NVIDIA.

NVDA will see 70 dollars when market corrects, that will be the bottom.

MMM was like 150 DOW points or something

this market is such a circus

Nvidia share price LOW POLE REVERSAL today, on 26-July-2024

Cheers & GLTA

Next week we touch 109.00 and will continue to lower lows over the next 30 days

NVDA is now a long term investment, don't expect much for 6 months or more.

Sorry!

It's interesting when they discuss quantum computing with Nvidia's chips since they are not used in actual act of quantum computing. It's a totally different technology with totally different methods. Maybe they were talking about the analysis of the results. Super computers also use tenser processors along with GUI. but the tenser's take the heavy loads because they use less power and are much faster. However the cost is 10-15x's greater.

Sure doesn't feel like it.

The price erosion of nvidia is expected. The trend is still negative. There has been a lot of negative sentiment on AI lately especially those stock whose income is more dependent on AI. Companies like Amazon, Meta, and Microsoft are less dependant because their major source of income is elsewhere. So for the near future Nvidia stock will continue with it's downward trend until there are more measurable benefits derived from their usage. Just hope the competition doesn't catch up before that or this stock has much much more to drop. I still don't expect the Q report in August to be where many people are hoping. We'll know soon enough. So continue to expect lower highs and lower lows.

Nvidia $NVDA has the most bullish flow so far today
By: Cheddar Flow | July 26, 2024

• $NVDA has the most bullish flow so far today.



Read Full Story »»»

DiscoverGold

Buy Low, Buy High - doesn’t matter this stock is going much higher (hopefully sooner rather than later). Monday’s talk between Meta’s Zuckerberg and Nvidia’s Jensen Huang could be the fire starter?

https://investorplace.com/2024/07/nvda-stock-analysis-nvidias-quantum-leap-signals-a-strong-buy-opportunity/

Now Quantum Computing? Yowza!

I heard all of this in 2023 when I was stupid enough to sell at 320, with a 140 avg. There is another trillion coming into this company and I'm staying for it!

I agree with you. Let's wait and see.

The market is the boss.

Having worked with AI, quantum computing and semiconductors for a few decades I think very few understand what's happening. Nvidia is positioned better than anyone. It's a matter of very short time IMHO

That was not a good message from the market, Neb.

My impression this morning from TV on Nvidia was that it was being closely watched for monopolistic attitudes and behavior. The imposition of even their architecture in the AI sector is regarded a negative.

Rolvram,

Some chilly winds seem to have started to blow on Nvidia.

Smart money usually get it first if when it senses first. I feel the change myself'

I feel a change appears to be in the air. The thrill is gone?

The authorities are not too pleased about what Nvidia over pioneering in AI.

They don't want one company to dominate AI sector trying to establish monopoly and standards in this new arena of AI power.

A fair market requires a different environment of fair competition under rules and regulation under supervision against monopoly.

Is Nvidia heading into a monopoly by imposing its architecture in this race and thus arousing the Gov?

Rolvram, you are good in research.

What are your thoughts and observations on what I feel at this time watching the market action behind the scene?

Cheers & GLTY

Really.

the overall stock market is putting in a MAJOR TOP

The overall stock market has actually decreased from highs seen in early July.

Nasdaq high 20,140, down to 18,390. A decrease of 1,750 (8.5%)
S&P high of 5,669, down to 5,464. A decrease of 205 (about 3.6%)
Dow high of 41,315, down to 40,650. A decrease of 695 (almost 2%)

Are you clairvoyant? There's still 4 hours to go in the trading day. Let's wait and see.

whether NVDA has topped out for the year or not is irrelevant

if it hits $140-$160 again, sell as fast as you can

take the money and run

the overall stock market is putting in a MAJOR TOP

NVDA topped for the day in premarket lol

Kudos to those who managed to buy low and sell near the high today. That’s a solid approach to trading this stock. Keep an eye out for more chances to use this strategy in the future.

Loaded the dip, ready for it to run

It does to me seeing the incredible demand buildup and backlog for the company and all it's vendors

So are you just a spectator or are you participating and profiting from the demise?

“A more recent hiccup for Nvidia's sales has been government restrictions applied to advanced chips being sold to China. But recent reports say that Nvidia is getting ready to offer a new chip for sale to China that conforms to current trading rules.”

They keep talking about the China restrictions that have been there for awhile Nvidia has the H20 which per reports they will sell 1 million at $12,000 this year. My math says 12 billion that the street really wasn’t expecting. The new chip is the rumored B20 not until 2Q ‘25 motley fool is hit or miss on knowing what they’re talking about.

Not convinced that will not drop more,
The next 3 months will be turmoil in our country

Should be a good level. wouldn't/shouldn't drop much further.

I am sticking to my guns. 95.00 is my buy in

The Nvidia share price Triple Bottom Breakdown of yesterday on 24-July-2024 does not inspire confidence to me at this time.

Things may change of course. However, the chart is clear.

Since the last high of $140.76 on 18-July-2024, the share price has been lower.

We shall see if the current technical downtrend could reverse given the Fun-da-mentals of Nvidia.

My average cost is $86 after my last sale at $822 (pre-split) with good profits..

We shall see what may unfold.

Cheers & GLTA

There's the 111s I thought might hit yesterday.

I would like to congratulate the people who bought at the low today and sold close to the high. This is the way this stock should be played. There will be many more opportunities to continue with that philosophy.

The current resistance level has dropped to between 108-116 and better hope this doesn't drop below 100 or well draw your own conclusion. I can't predict what it will be after August report but even if the stock does recover somewhat, it won't last.

ha ha ha ha ha. $140 is the stupid ridiculous top

good F********CKING LUCK bagholders

massive overhead supply and resistance at $116-$125

$NVDA MASSIVE $11.2 Million Call Seller
By: Cheddar Flow | July 25, 2024

• $NVDA MASSIVE $11.2M Call Seller

This whale is collecting the premium on these contracts

They get the benefit of heightened IV on Nvidia and expect it to stay here or drop before expiration next week

Sold to Open (Vol>OI)



Read Full Story »»»

DiscoverGold

Nvidia's Stock Correction Will Lead to Outsized Gains in the Second Half of 2024
By: The Motley Fool | July 24, 2024

Beginning in January 2023, it seemed like Nvidia (NVDA -0.25%) stock went straight up for almost 18 months. There was good reason for that as investors piled in to the company that has become the face of a dramatically increasing artificial intelligence (AI) sector.

But no stock goes straight up forever, and valuation still matters. A correction in the stock was inevitable and finally occurred over the last month. Nvidia shares recently traded as much as 13% below the closing record high set on June 18. And buying quality stocks in periods of corrections or bear markets is one of the best ways to generate market-beating returns.

Invest when others are fearful

The recent pullback isn't the first time Nvidia investors dragged the stock lower by taking profits. In the second half of 2022, Nvidia's sales plunged nearly 20% compared to the prior-year period as chip demand from gaming and cryptocurrency-mining users crashed. That helped lead to a sell-off that knocked Nvidia shares down by more than half in 2022.

Those sellers missed out on what would become an epic stock price run with gains of nearly 750% since the start of 2023. That's because Nvidia kept innovating. Sales to its data-center customers exploded as generative AI gained prominence, and the company's gaming sales rebounded.

A more recent hiccup for Nvidia's sales has been government restrictions applied to advanced chips being sold to China. But recent reports say that Nvidia is getting ready to offer a new chip for sale to China that conforms to current trading rules.

A new AI chip for the Chinese market that adheres to U.S. export controls would be just one more catalyst for Nvidia's sales, and potentially share price, to rise. That's why it's a good idea to take advantage of the recent price drop. As Warren Buffett famously said of his investing philosophy, "we simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." The recent correction shows that some Nvidia investors are fearful right now.

Reasons to be greedy with Nvidia

In addition to the anticipated rebound in Nvidia's China sales, its domestic data center sales should also provide future catalysts. The main driver to boost sales will be its next-generation Blackwell platform for the growing data center market. Nvidia has said it will introduce new chips on an annual cadence. But the newest technology chips should actually be incremental income, rather than a replacement of existing income.

One bit of evidence was the recent second-quarter report from Taiwan Semiconductor. The manufacturer of high-end AI chips for Nvidia said that demand remains strong and supply continues to be tight. That bodes well for continued growth in Nvidia's sales.

Nvidia's business plan is also helping to increase demand. The company has already built a dominant position supplying chips to train AI models. It has also begun an annual cadence of new, higher-perfomance offerings beginning with next year's Blackwell graphics processing units (GPUs) and AI server-infrastructure systems. Its biggest customers will likely continue to upgrade with Nvidia's newest products.

But don't forget that smaller companies still struggling to obtain Nvidia's existing H100 GPUs remain in the queue. KeyBanc Capital Markets analyst John Vinh summed it up well in a recent research note, stating: "Despite the impending launch of Blackwell in 2H24 [second half of 2024], we are not seeing any signs of a demand pause as demand for H100 remains robust, as we continue to see rush orders."

What to watch for next

Nvidia is expected to update investors with its next quarterly financial report on Aug. 28. If it confirms the continued strong-demand picture by outpacing expectations yet again, it would likely boost the share price.

But Nvidia's stellar results have continued to build investor expectations, some of which are already priced into the stock. Nvidia's forward price-to-earnings (P/E) ratio is hovering above an already high five-year average. That high valuation will likely continue if the company's sales continue to soar. But investors should be prepared for another correction if the company reports any stumbles to that growth.

Read Full Story »»»

DiscoverGold

Guess AI isn’t kaput

ShawnP123 now on ignore. Hard to read him. Chicken Little can’t hold a candle to him😁

remember the bear market rallies of 2022? that's what today is, nothing more, the sheep will be slaughtered

massive funds have to sell stocks before year end bc they didnt sell in 2023

rate cut cycle will also be finite or short lived

inflation will never be like it was before covid

AI cannot exist without energy and energy demand is going to be insane, thus a rise in costs and inflation for everyone

humans are reaching a critical point/juncture where more and more of everything is being needed and this cycle cannot continue

GROWTH FOR THE SAKE of growth just wont be sustainable

"time wave zero" ;) look it up

NVDA w/in Ichimoku cloud but tough overhead resistance, the next downdraft is likely a $10-20 drop

ER will be a sell the news event

NVDA struggling to stay green even with 360,000,000 volume

probably closer to 400M buy close with options expiration tomorrow,
this is an EASY SELL, fade, short etc

looks like a bear market rally, mini B wave up sucking in new money before real pain begins

Very good article.

"This is the start...not the end of this tech bull run in our view fueled by this AI tidal wave of spending on the doorstep," Wedbush analyst Daniel Ives said in a note on Thursday. He sees companies, utilities, and governments spending over $1 trillion combined in AI capital expenditure over the coming years fueling an "AI Revolution."

Nvidia Leads Chip Stocks in Staging a Comeback. Why the Pain Could be Short-Lived
By: Barron's | July 25, 2024

Chip stocks were trying to stage a comeback on Thursday after heavy losses the day before, when the tech-heavy Nasdaq saw its worst day since 2022 amid fears that the recent frenzy for artificial intelligence could fizzle out.

Some analysts are still bullish on the group, claiming this is just a bump in the road for AI.

Shares of chip makers started out Thursday extending their losses. Advanced Micro Devices, Qualcomm, Broadcom, and Super Micro Computer joined Nvidia fell as much as 5% early on Thursday, while the Nasdaq fell 1.2%. Out of the big losers among chip makers on Wednesday, only KLA Corporation was in the green and rose 0.2% early Thursday.

Tech has since rebounded, with the Nasdaq climbing into positive territory as of mid-morning. The index was struggling to hold those gains. As of mid-day, chip stocks were still in the red, but had narrowed losses.

Wednesday's sharp pullback knocked some of the wind out of tech's recent rally. Nvidia stock closed down 6.8% on Wednesday, KLA shares fell 6.4%, and Qualcomm shares fell 6.4%. Shares of AMD, Broadcom, and Super Micro fell 6.1%, 7.6%, and 9.2%, respectively, for the day.

Analysts are looking beyond the temporary blips. Susquehanna Financial Group analyst Christopher Rolland reiterated his positive rating on AMD on Thursday with a price target of $200, which is 45% above its current stock price of $137.5. It will report second-quarter earnings on July 30, and Rolland expects results largely in line with expectations

On rival chip maker KLA, Morningstar analyst William Kerwin wrote in a Thursday note: "We expect a chip market upcycle to drive strong short-term growth, with some additional upside from artificial intelligence chip development."

Stifel analyst Brian Chin reiterated his Buy rating on KLA on Thursday with a price target of $875.

Others think the tech sector more generally will bounce back fast.

"This is the start...not the end of this tech bull run in our view fueled by this AI tidal wave of spending on the doorstep," Wedbush analyst Daniel Ives said in a note on Thursday. He sees companies, utilities, and governments spending over $1 trillion combined in AI capital expenditure over the coming years fueling an "AI Revolution."

"Alphabet is accelerating its spending on the AI cycle as seen this week and we expect similar comments from the rest of the Big Tech stalwarts over the coming weeks during earnings," Ives said.

Read Full Story »»»

DiscoverGold