NVIDIA Corporation (NVDA) News

I do know why they call it a quantum processor. If you like I could explain it to you. However, by definition, it is still not quantum processor.

This is no way good for the market, as the ticker than bolstered this year's rally falls on it's face.

https://imgur.com/a/xUeHAYP

We broke 2 major trend lines. If we don't bounce back before earnings, August will be absolutely horrible for longs.

I could handle this positive uptick.

My post was accurate. A GUI still uses binary code. A quantum computer doesn't. I also stated a GUI could be used in conjunction with a quantum computer but is not doing the function of an actual quantum processor which is not a chip. So justify your statement. Now Google has worked on a true quantum computer and they most likely used Nvidia to help them develop it. So Nvidia is used to help in the development of quantum computing but is in no way an actual quantum processor.
So how do I need to do more studying? ie, explain.

This is a little old but a good read for a tough week


Fortune: “Nvidia will produce such a massive ‘cash gusher’ that it will have to buy back more stock because all that money has nowhere else to go”, analyst says AI chip leader (nvda) will have an embarrassment of riches in the coming years, and shareholders will be rewarded, a tech analysts predicted. Managing director and head of technology research at Melius Research says Nvidia has mastered a "full stack" approach with its hardware and software, giving it a key advantage in AI. "What they did is they built a computing language and an ecosystem that allows you to monetize AI," he said. he has a price target of $160 on Nvidia stock. Despite selling that began earlier this month, shares have soared 150% so far this year after more than tripling in 2023. Another big advantage Nvidia has over rivals is its annual cadence of innovating new products. That means developers and customers will know where Nvidia is headed and can budget for upgrades accordingly. Given Nvidia's edge in the booming AI space, Melius Research projects the company will generate $270 billion in cash over the next three years, potentially setting the stage for huge shareholder returns. Management may not be eager to tout the possibility of stock buybacks as those are often associated with older companies, Reitzes said. But in his view, it's obvious. "No one's talking about it, and when you do the model we do, it's a cash gusher," he said. "And there's nothing they can do.

Excellent discussion over the last day. I especially appreciate post #11134

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174818846

‘Load Up Ahead of Earnings,’ Says Top Analyst About Nvidia Stock
Marty Shtrubel
Marty Shtrubel
Jul 24, 2024, 06:42 PM
It’s that time of day again, and by that, we mean it’s time to give Nvidia (NASDAQ:NVDA) a new, higher price target. As a leading company in the semiconductor and AI space, Nvidia is closely monitored by analysts who frequently revise their models based on the company’s stock performance and growth potential.


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The latest to join the fray is Piper Sandler’s Harsh Kumar, an analyst sitting in 15th position amongst the thousands of Street stock experts. Kumar raised his price target on NVDA from $120 to $140, suggesting shares will gain another 22% over the coming months. Unsurprisingly, his Overweight (i.e., Buy) rating on NVDA remains intact. (To watch Kumar’s track record, click here)


The latest endorsement comes ahead of the chip giant’s fiscal second quarter readout (July quarter), slated for August 28, with Kumar believing the scene is set for a robust showing.


“Overall,” says the 5-star analyst, “our bull case sees NVDA nicely beating July 24 quarter estimates both on the top and bottom line as well as guidance above the street for the Oct 24 quarter. On average, we expect the beat cadence for revenues of ~$2B to continue for both the reported and guided quarters.”


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The “strong business trends” that have been behind the huge gains are set to continue with the addition of the official launch of the Blackwell architecture in the October quarter. Due to the fact demand from CSPs, enterprises, and sovereign continues to be robust, the new architecture’s launch has the potential to “spur a new leg of growth.” “As such,” Kumar goes on to say, “demand is expected to be well ahead of supply going forward once the B100/ B200 launches.”


With the chip giant experiencing such strong demand, the company’s primary focus seems to be on “supply procurement.” Importantly, Kumar notes Nvidia is witnessing not only robust bookings for its new Blackwell launch, but also for current products like the H100 and the H200. “In our view,” Kumar summed up, “NVDA continues to have demand visibility that extends into the middle of CY2025 at a minimum.”


Most on the Street seem just as confident. The analyst consensus rates the stock a Strong Buy, based on a mix of 37 Buys against 4 Holds. Meanwhile, the $142.67 average target is slightly higher than Kumar’s objective and set to deliver returns of ~25% over the coming months.

I'd advice some more study on quantum processes and how Nvidia fits in!

Probably will see a higher high within a month.

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.