Nvidia (#NVDA) weekly special report based On 1 Lot Calculation:
- AI: ACCORDING TO THE INTERNATIONAL DATA CORPORATION, COMPANIES WILL SPEND $500 BILLION BY 2027, WHICH COULD SEE DEMAND FOR NVIDIA AI PROCESSING PRODUCTS: Nvidia holds around 87% of the AI Processing market as of Q2 23. Nvidia chips are a critical part in the development of artificial intelligence products.
- NVIDIA IN AI WORLD: Nvidia’s H100 GPU chip is one of the most critical tools in artificial intelligence with Nvidia the only company that produces a chip of this kind. Nvidia takes up 95% of the graphics processors used for machine learning.
The Company -
- NVIDIA develops and produces three dimensional graphics processors and other related software. Additionally, the company also produces graphics processing units, which is a critical component when developing artificial intelligence and self-driving autonomous vehicles.
Events and Analysis:
- EVENT CES CONFERENCE 2024 (CONFIRMED JANUARY 9 – 12, 2024): The CES conference is an annual technology event, and is considered to be the biggest technology event of the year. The biggest technology companies attend, with Nvidia being one of them. According to statistics, the 2023 CES conference had a reach of 13.5 billion searches on twitter.
- CES SHORT TERM IMPACT ON NVIDIA STOCK PRICE 2020-2023: Nvidia stock price rises on average 4.92% from the beginning of the CES conference until the end of the fifth trading session.
SOURCE: BLOOMBERG
Please note that past performance does not guarantee future results.
- NVIDIA RELEASES ITS SUPER GPU PRODUCTS FOR 2024, WITH NEW AI CHIPS FOR PERSONAL COMPUTERS: Nvidia has released its latest technology, with new AI chips now set to be available to individuals. The Nvidia GeForce series is one of Nvidia’s bestselling GPU segments, and place the company in a strong position to improve its revenue stream and may improve the company’s financial performance.
- EVENT Q4 EARNINGS REPORT (EXPECTED FEBRUARY 21, 2024): Nvidia is on track for potential record annual revenue and earnings, with revenue expected to be 232% higher to $20.09B than the previous year while earnings could grow 602% to $11.25B.
Price Action -
- ANALYSTS OPINIONS: HSBC has a price target of $800. BNP is targeting $745. Wells Fargo is targeting $675. JP Morgan is targeting $650. The Bloomberg Consensus target is $648
- STOCK PRICE POTENTIAL: NVIDIA was last trading at $530, with the Bloomberg consensus targeting $648, indicating a potential upside of about 22% could these forecasts materialize. However, the price could decline further.
Nvidia, January 10, 2024
Current Price: 530.00
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NVIDIA |
Weekly |
|
Trend direction |
|
|
850.00 |
|
|
700.00 |
|
|
600.00 |
|
|
480.00 |
|
|
470.00 |
|
|
460.00 |
Example of calculation based on weekly trend direction for 1 Lot1
|
NVIDIA |
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Pivot Points |
||||||
|
Profit or loss in $ |
320,000.00 |
170,000.00 |
70,000.00 |
-50,000.00 |
-60,000.00 |
-70,000.00 |
|
Profit or loss in €2 |
292,293.50 |
155,280.92 |
63,939.20 |
-45,670.86 |
-54,805.03 |
-63,939.20 |
|
Profit or loss in £2 |
251,512.02 |
133,615.76 |
55,018.25 |
-39,298.75 |
-47,158.50 |
-55,018.25 |
|
Profit or loss in C$2 |
427,865.60 |
227,303.60 |
93,595.60 |
-66,854.00 |
-80,224.80 |
-93,595.60 |
- 1.00 lot is equivalent of 1 000 units
- Calculations for exchange rate used as of 09:25 (GMT) 10/01/2024
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