Nvidia (#NVDA)

Nvidia (#NVDA) Weekly Special Report based on 1 Lot Calculation:

THE COMPANY:

• 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.

• 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.

EVENTS & ANALYSIS:

• EVENT (WEDNESDAY, NOVEMBER 20, AFTERMARKET): Q3 EARNINGS REPORT TO SHOW RECORD HIGH QUARTERLY REVENUE AND NET INCOME FIGURES. The company is expected to reach 33.1 billion dollars in revenue for Q3 (new record high), accompanied by a net income of 18.46 billion dollars (new record high). This is compared to 18.12 billion dollars in revenue for the same period last year, which was accompanied by a net income of 9.39 billion dollars. This would mark a year-over-year increase of 82.67% in revenue and 96.60% in net income. (Source: Bloomberg Terminal)

• EARNINGS AND REVENUE PERFORMANCE: The company has beaten revenue estimates 8 times over the past 8 quarterly earnings releases and has beaten earnings estimates 7 times over the past 8 quarterly earnings releases. In other words, 93.75% of the time Nvidia would beat either earnings or revenue estimates in the past. (Source: Bloomberg Terminal)

• NVIDIA STOCK PERFORMANCE ONE DAY AFTER EARNINGS SINCE THE A.I. BOOM (LAST 9 QUARTERS): The stock rose 6.43% on average one day after earnings were released. However, the stock price could decline.

Source: Bloomberg Terminal

Please note that past performance does not guarantee future results

BREAKING NEWS

• NVIDIA HAS JOINED THE PRESTIGIOUS “DOW JONES INDUSTRIAL AVERAGE 30” INDEX ON NOVEMBER 8, 2024. Nvidia has become one of the eight companies that now make up a part of all three prestigious indices in the USA: NASDAQ 100, S&P S&P 500 and DOW JONES 30.

• MOST RECENT ADDITION TO THE INDEX (FEBRUARY 26, 2024): AMAZON. Amazon was added to the “DOW JONES INDUSTRIAL AVERAGE 30” Index on February 26, 2024. Amazon stock rose 9.53% within the first 3 months after the stock was added, and 13.81% within the first 6 months after the stock was added. The stock rose 21.29% within 9 months after the stock was added to the index, hitting an all-time high of $212.11 on November 7, 2024. The stock traded at $174.87 a day before it was included into the DOW JONES 30 index (February 23, 2024). (Data Source: Meta Trader 4 Platform)

Please note that past performance does not guarantee future results

OTHER NEWS

• NVIDIA HAS BECOME THE MOST VALUABLE COMPANY IN THE WORLD, WORTH MORE THAN 3.5 TRILLION DOLLARS. Earlier in November, the NVIDIA stock hit its highest price ever ($149.51). The company has increased its market value by around 200% since the beginning of 2024.

• BREAKING: BLACKWELL A.I. CHIP SOLD OUT FOR THE NEXT 12 MONTHS. According to Morgan Stanley, Nvidia will deliver 450,000 Blackwell A.I. chips in Q4 of 2024 (each would cost around $46,000), which could bring more than 10 billion dollars in revenue only in the fourth quarter of 2024.

NVIDIA: PRICE ACTIONS

• ANALYST OPINION: Wells Fargo forecasts $165, Morgan Stanley forecasts $160, Rosenblatt forecasts $200, KeyBanc Capital forecasts $180.

Nvidia, November 12, 2024
Current Price: 144

Example of calculation base on weekly trend direction for 1.00 Lot¹

1. 1.00 lot is equivalent of 1000 units

2. Calculations for exchange rate used as of 12:15 (GMT+1) 12/11/2024

There is a possibility to use Stop-Loss and Take-Profit.

• You may wish to consider closing your position in profit, even if it is lower than suggested one.

• Trailing stop technique could protect the profit.