Nvidia (#NVDA) Weekly Special Report based on 1 Lot Calculation:
THE COMPANY:
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NVIDIA develops and produces three-dimensional graphics processors and other related software. The company also produces graphics processing units, which is a critical component when developing artificial intelligence and self-driving autonomous vehicles.
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NVIDIA’S LATEST PRODUCT PIPELINE FOR THE AI CHIP SECTOR: Nvidia’s CEO said the company plans to release a new family of AI chips yearly, accelerating its prior release schedule of roughly every two years. The current pipeline includes the Blackwell chip, set for release in 2024; The Blackwell Ultra, set for 2025; The Rubin chip, set for 2026 and the Rubin Ultra, set for 2027.
FINANCIALS:
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Q2 2024 EARNINGS RESULTS (AUGUST 28). According to CNBC, NVIDIA reported a 122% increase in revenue for Q2 compared with the same period last year. The company reported a record high quarterly revenue of 30.04 billion dollars and a record high net income of 16.6 billion dollars. In addition, the company said it expects a revenue figure of 32.5 billion dollars in Q3, which would be 80% up from the same period last year.
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NEXT QUARTERLY EARNINGS REPORT (Q3): EXPECTED NOVEMBER 21, 2024, AFTERMARKET
COMPANY EVENTS:
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EVENT (OCTOBER 7 - 9, WASHINGTON D.C.): NVIDIA A.I. SUMMIT. The company is expected to present its new A.I. technology and the use of its newest A.I. chip from the Blackwell generation.
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EVENT (OCTOBER 23 - 25, INDIA): NVIDIA A.I. SUMMIT and SPEECH FROM CEO JENSEN HUANG. According to the theprint.in, Nvidia is set to host its flagship AI conference, the Nvidia AI Summit, from October 23-25, 2024, in Mumbai. This event is one of three global summits this year, alongside those in Washington, D.C., and Japan, and aims to be a convergence of minds, gathering top executives, AI experts, developers, innovators, and key technology decision-makers to explore advancements in AI.
OTHER NEWS:
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MIZUHO RAISED NVIDIA 2025 GPU FORECAST. Based on key supply chain improvements, Asian hardware and semiconductor analysts have increased Nvidia AI GPU shipment estimates by 8-10% compared to July 2024.
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MORGAN STANLEY ESTIMATES $10 BILLION REVENUE FROM BLACKWELL CHIPS ALONE IN Q4 2024. According to the investment bank, 450,000 units of Blackwell chips are expected to be produced in the fourth quarter of 2024, which might generate over $10 billion in revenue for Nvidia. Demand for Hopper H200 chips is also projected to remain strong in near term.
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USA IS CLOSER TO ALLOWING NVIDIA TO EXPORT CHIPS TO SAUDI ARABIA. According to Reuters, Saudi Arabia is working close to meet the security requirements of the U.S. after shipments of Nvidia’s chips were limited earlier in 2024 over the country’s ties with China. Saudi Arabia is looking to receive Nvidia’s most advanced H200 chips to develop its own large-scale AI models.
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NVIDIA CEO JENSEN HUANG SAYS DEMAND FOR BLACKWELL IS “INSANE”. During an interview with CNBC, Huang said that “Blackwell is in full production,” and the demand for Blackwell is “insane”.
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GOLDMAN SACHS: According to Goldman Sachs, investors will have a possibility to “buy the dip” and trade with a rebound in equity prices which could see stock markets hit new highs after the U.S. elections in November.
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BANK OF AMERICA: NVIDIA IS ONE OF THE TOP “REBOUND” STOCK PICKS. Bank of America analyst Vivek Arya noted Nvidia is one of the firm's top "rebound" picks amid what he expects to be a comeback for semiconductors to end 2024.
PRICE ACTION:
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NVIDIA HIT AN ALL TIME HIGH OF $140.49 (June 20, 2024). The price of stock trades currently around $115.49 and if it follows a full recovery to its most recent all-time high of $140.49, this could provide an upside potential of around 22%. However, the stock price could further decline.
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ANALYST OPINION: Wells Fargo forecasts $165, Morgan Stanley forecasts $150, Citigroup forecasts $150, Rosenblatt forecasts $200, JPMorgan forecasts $155.
Nvidia, October 3, 2024
Current Price:119.4
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NVIDIA |
Weekly |
|
Trend direction |
|
|
200.00 |
|
|
170.00 |
|
|
135.00 |
|
|
110.00 |
|
|
105.00 |
|
|
100.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
Profit or loss in $ |
80,600.00 |
50,600.00 |
15,600.00 |
-9,400.00 |
-14,400.00 |
-19,400.00 |
|
Profit or loss in €² |
73,031.72 |
45,848.70 |
14,135.17 |
-8,517.35 |
-13,047.85 |
-17,578.36 |
|
Profit or loss in £² |
61,348.99 |
38,514.38 |
11,874.00 |
-7,154.85 |
-10,960.61 |
-14,766.38 |
|
Profit or loss in C$² |
109,018.35 |
68,440.80 |
21,100.33 |
-12,714.30 |
-19,477.22 |
-26,240.15 |
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1.00 lot is equivalent of 1000 units
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Calculations for exchange rate used as of 10:10 (GMT+1) 03/10/2024
There is a possibility to use Stop-Loss and Take-Profit.
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You may wish to consider closing your position in profit, even if it is lower than suggested one.
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Trailing stop technique could protect the profit.