Nvidia Rises As AI Chip Rival Heads Into Earnings; Is Nvidia A Buy Or Sell Now?

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Nvidia Rises As AI Chip Rival Heads Into Earnings; Is Nvidia A Buy Or Sell Now?

Blockhead09-05

Nvidia (NVDA) reversed higher on Thursday after a brutal sell-off on Tuesday and Wednesday. Shares remain below the 50-day moving average. ↑ X How Nvidia Is Injecting AI Into The Health Care ...

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Shares remain below the 50-day moving average.\n\n\n\n↑\nX\n\n\n\n\nHow Nvidia Is Injecting AI Into The Health Care ...</p>\n\n<a href=\"https://www.investors.com/research/nvda-stock-is-nvidia-a-buy-2/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Rises As AI Chip Rival Heads Into Earnings; Is Nvidia A Buy Or Sell Now?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia Rises As AI Chip Rival Heads Into Earnings; Is Nvidia A Buy Or Sell Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-05 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/research/nvda-stock-is-nvidia-a-buy-2/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia (NVDA) reversed higher on Thursday after a brutal sell-off on Tuesday and Wednesday. Shares remain below the 50-day moving average.\n\n\n\n↑\nX\n\n\n\n\nHow Nvidia Is Injecting AI Into The Health Care ...</p>\n\n<a href=\"https://www.investors.com/research/nvda-stock-is-nvidia-a-buy-2/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AVGO","symbol_name":"博通","start_time":0,"source_url":"https://www.investors.com/research/nvda-stock-is-nvidia-a-buy-2/","article_id":"2465111522","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2022/09/Stock-Nvidia-Hopper-company-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2465111522","pubTimestamp":1725550762,"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"Nvidia rose on Thursday ahead of AI chip rival Broadcom's results.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"AVGO":"博通","NVDA":"英伟达"},"translate_title":"随着人工智能芯片竞争对手开始盈利，英伟达股价上涨；英伟达现在是买入还是卖出？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NVDA":1,"AVGO":0.7},"content_text":"Nvidia (NVDA) reversed higher on Thursday after a brutal sell-off on Tuesday and Wednesday. Shares remain below the 50-day moving average.\n\n\n\n↑\nX\n\n\n\n\nHow Nvidia Is Injecting AI Into The Health Care Industry\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nHow Nvidia Is Injecting AI Into The Health Care Industry\n\n\n\n\nShares are rising in anticipation of fiscal third-quarter results from AI chip leader Broadcom (AVGO) after today's close. Investors hope to get some cues on demand for AI chips in that report. \nOn Wednesday, shares fell amid news that the Department of Justice was investigating antitrust regulations concerning the artificial intelligence chip company. According to reports, the DOJ originally sent questionnaires to the company. But it has now sent subpoenas.\nOn Tuesday, the stock plunged sharply below the 50-day line and saw its largest one-day market cap loss for any U.S. company, according to Dow Jones Markets Data. Nvidia's market cap is now below $3 trillion.\nShares fell 6.4% last Thursday after earnings even though Nvidia beat analyst estimates. But should you be buying or selling Nvidia stock now?\nTiming your stock purchases can surely improve gains. Yet even with an obvious market leader like Nvidia, it's not easy to tell whether you should buy or sell the stock now. Chart signals and checking several technical measures can help investors assess whether Nvidia stock is a buy now.\nNvidia's Second-Quarter Results\nOn Wednesday last week, Nvidia reported earnings that beat Wall Street views. Sales of $30.04 billion were higher than $28.7 billion analysts expected and came in 122% ahead of the year-earlier quarter. Earnings also came in above views of 65 cents at 68 cents per share and were 152% higher than the prior year. The artificial intelligence chip leader also guided higher for the current quarter with sales of $32.5 billion vs. views of $31.7 billion. \nThe stock rebounded above the 50-day moving average Friday morning, but it was back below the line at the close of the trading day. Ongoing market volatility makes risk management as important as timing stock picks. \nWhile a rally confirmation Aug. 13 lessened risk for stock investors, the tech-dominated Nasdaq fell below the 50-day moving average on Tuesday and added a distribution day.\nAfter an 8% loss last week, Nvidia stock now sits 10% below the 50-day moving average in a choppy base and its split-adjusted all-time high of 140.76 is the next buy point. \nOn Monday last week, the stock briefly cleared a trend line entry near 130.75. Trendline entries can allow investors to buy earlier. But they are also more aggressive entries, especially ahead of earnings. The stock remains below that level.\nNvidia's Earnings-Fueled Run\nEarnings have moved the stock in 2023 and 2024 and that is shining proof of why fundamental performance is one of the pillars of the Investor's Business Daily methodology. In 2023, Nvidia had a huge 239% run.\nAfter losing 5.3% in July, the stock gained 2% in August. It is up a little more than 110% so far this year.\nFundamentals make up just one of four IBD pillars of investing — the others are a stock's technical strength, which indicates the stock's performance vs. other stocks, the market direction and risk management.\nIn early August, the stock dived amid a report that Nvidia will delay its next-generation AI chip by at least three months due to a design flaw. Nvidia's chart also shows that the stock underperformed the S&P 500 during the sell-off. \nReports from Reuters cited Bernstein analyst Stacy Rasgon's opinion that the three-month delay would not cause a significant dent on the chip leader's market share. Moreover, the outlook on the demand side remains strong as \"all the major hyperscalers\" increase their capex plans to help increase their cloud computing and data processing prowess.\nShares also fell after reports that the Department of Justice is investigating its acquisition of Run.ai, an artificial-intelligence startup. The company's practices in selling multiple AI chips to cloud providers are also under scrutiny.\nNvidia Stock: Microsoft Partnership\nThe AI leader has also teamed up with Microsoft (MSFT) to make the latest AI software available on Nvidia's graphic processing units.\nIn May, Nvidia shares rose past a handle buy point after the Google AI Conference showed different ways in which artificial intelligence will improve search. The search giant also previewed an Android feature that will alert users to scams during a phone call. While Google's tensor processing units are rivals to Nvidia's chips, Nvidia dominates the data-center AI chip market.\nNvidia stock holds an Accumulation/Distribution Rating of E on an A+ to E scale. That reflects the heavy institutional selling in recent weeks. \nAI Products Drive Growth\nNvidia's graphic processing units help accelerate computing in data centers and AI applications. The company was an early pioneer in the graphics processors that many say drastically improved computer gaming. Along with gaming, Nvidia chips now are used in such industries as health care, automobiles and robotics.\nIn March 2023, generative AI took a leap forward with OpenAI's ChatGPT. According to Nvidia Chief Executive Jensen Huang, Nvidia's AI-capable supercomputer paved the way for the \"iPhone moment of AI.\"\nThat helped Nvidia turn the tide on its results. It reported three quarters of declining year-over-year sales and four quarters of tapering earnings in late 2022 and early 2023. But then the company achieved record top- and bottom-line growth in the two most recent quarters.\nTop Ratings For Nvidia Stock\n\nNvidia stock still boasts a strong Relative Strength Rating of 96 from Investor's Business Daily. Its EPS Rating is an ideal 99, while the stock holds a Composite Rating of 92. \nNvidia also is one of the Magnificent Seven stocks that led the market in 2023 and much of this year. Some of these tech titans are customers that rely on Nvidia's advanced chips. Nvidia is also one of the stocks that many analysts believe will outperform the market in 2024.\nIs Nvidia Stock A Buy?\nChart patterns are a good way of telling when to buy or sell a stock. \nNvidia fell below its 50-day moving average in higher volume on Tuesday and is lower on Wednesday. That is a sell signal. \nAlthough shares are slightly higher on Thursday, the stock has to retake that level and build out its base before it becomes a buy. \nYOU MAY ALSO LIKE:\nSee Stocks On The List Of Leaders Near A Buy Point\nFind Winning Stocks With MarketSurge Pattern Recognition & Custom Screens\nIBD Live: Learn And Analyze Growth Stocks With The Pros\nLooking For The Next Big Stock Market Winners? Start With These 3 Steps\nMagnificent Seven Stocks: Latest News & Market Cap Weighting","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}