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.
- STOCK INDEX PARTICIPATION (USA100, USA500, USA30): NVIDIA stock belongs to the three most important US stock indices including the NASDAQ 100 (USA100) index, the S&P 500 (USA500) index and the DOW JONES INDUSTRIAL 30 (USA30).
- 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.
- NEW PRODUCT (DECEMBER 17): “JETSON ORIN NANO” A.I. SUPERCOMPUTER. The new NVIDIA Jetson Orin Nano Super Developer Kit, which fits in the palm of a hand, provides everyone from commercial AI developers to hobbyists and students, gains in generative AI capabilities and performance. And the price is now $249, down from $499.
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: PRICE ACTIONS
- NVIDIA HIT AN ALL-TIME HIGH OF $152.63 ON NOVEMBER 21, 2024. The stock currently trades at $130 and if a full recovery takes place, the stock could see an upside of 17.40%. However, the stock price could decline.
- ANALYST OPINION: Wells Fargo forecasts $185, JPMorgan forecasts $170, Rosenblatt forecasts $220, Citigroup forecasts $175, HSBC forecasts $195.
#NVDA, December 18, 2024
Current Price: 130
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NVIDIA |
Weekly |
|
Trend direction |
|
|
200 |
|
|
180 |
|
|
150 |
|
|
115 |
|
|
108 |
|
|
100 |
Example of calculation based on weekly trend direction for 1 Lot1
|
NVIDIA |
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|
Pivot Points |
||||||
|
Profit or loss in $ |
70,000 |
50,000 |
20,000 |
-15,000 |
-22,000 |
-30,000 |
|
Profit or loss in €2 |
66,700 |
47,643 |
19,057 |
-14,293 |
-20,963 |
-28,586 |
|
Profit or loss in £2 |
55,042 |
39,316 |
15,726 |
-11,795 |
-17,299 |
-23,590 |
|
Profit or loss in C$2 |
100,181 |
71,558 |
28,623 |
-21,467 |
-31,486 |
-42,935 |
- 1.00 lot is equivalent of 1000 units
- Calculations for exchange rate used as of 13:00 (GMT) 18/12/2024
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.