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.
NVIDIA MAKES HISTORY BY REPORTING RECORD- BREAKING QUARTERLY FINANCIAL RESULTS:
- Q3 EARNINGS REPORT (NOVEMBER 21): REVENUE (BEAT): $35.08 Billion vs. $33.16 Billion Expected. Revenue increased 94% in the quarter from the same period last year. EARNINGS PER SHARE (BEAT): $0.81 vs. $0.75 Expected. Net income rose to $19.3 billion from $9.24 billion a year ago, up by 109%. FORWARD GUIDANCE (Q4) (BEAT): Nvidia said it expects about $37.5 billion plus or minus 2% in current-quarter sales, versus $37.08 billion expected by analysts. The fourth-quarter forecast implies year-to-year growth of about 70% from a year earlier. (Source: CNBC)
- NEXT- GENERATION BLACKWELL A.I. CHIP DELIVERY ALREADY UNDERWAY: Many of Nvidia’s end-customers, such as Microsoft, Oracle and OpenAI, have started receiving the company’s next-generation AI chip called Blackwell. Nvidia Chief Financial Officer Colette Kress said on a call with analysts that 13,000 samples of the chip have been shipped to customers. Nvidia CEO Jensen Huang said in a statement that Blackwell is in “full production.” FUTURE BLACKWELL CHIP SHIPMENTS TO ACCELERATE: Shipments of Nvidia’s Blackwell chips will ramp up next year, and the company is on track for several billion dollars of Blackwell revenue in the company’s fourth quarter. Nvidia also said sales for its current-generation AI chip, the H200, grew significantly in the quarter. (Source: CNBC)
- NVIDIA STOCK PERFORMANCE WITHIN ONE MONTH AFTER EARNINGS SINCE THE A.I. BOOM (LAST 9 QUARTERS): The stock rose 10.51% on average within a month 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 JOINED THE PRESTIGIOUS DOW JONES INDEX
- NVIDIA HAS JOINED THE PRESTIGIOUS “DOW JONES INDUSTRIAL AVERAGE 30” INDEX ON NOVEMBER 8, 2024. Nvidia has become one of the seven companies that now make up a part of all three prestigious indices in the USA: NASDAQ 100, 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
NVIDIA: PRICE ACTIONS
- 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.
- ANALYST OPINION: Wells Fargo forecasts $165, Morgan Stanley forecasts $160, Rosenblatt forecasts $200, KeyBanc Capital forecasts $180.
#NVDA, November 21, 2024
Current Price: 144
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NVIDIA |
Weekly |
|
Trend direction |
|
|
200 |
|
|
180 |
|
|
160 |
|
|
130 |
|
|
125 |
|
|
120 |
Example of calculation based on weekly trend direction for 1 Lot1
|
NVIDIA |
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|
Pivot Points |
||||||
|
Profit or loss in $ |
56,000 |
36,000 |
16,000 |
-14,000 |
-19,000 |
-24,000 |
|
Profit or loss in €2 |
53,238 |
34,224 |
15,211 |
-13,309 |
-18,063 |
-22,816 |
|
Profit or loss in £2 |
44,349 |
28,510 |
12,671 |
-11,087 |
-15,047 |
-19,007 |
|
Profit or loss in C$2 |
78,240 |
50,297 |
22,354 |
-19,560 |
-26,546 |
-33,531 |
- 1.00 lot is equivalent of 1000 units
- Calculations for exchange rate used as of 13:00 (GMT) 21/11/2024
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.