I am confident Nvidia will make market rebound again.
NVIDIA is known for its innovative technology in the field of graphics processing units (GPUs) and artificial intelligence (AI). Their GPUs are widely used in gaming, professional graphics, data centers, and even more.
in term of GeForce line of GPUs, NVIDIA has a strong presence in the gaming industry, offering high-performance graphics and powering immersive gaming experiences. NVIDIA's GPUs have become a cornerstone in the development of AI and deep learning technologies, accelerating training processes and enabling breakthroughs in various fields such as self-driving cars and medical research.
Also, CUDA is NVIDIA's parallel computing platform and programming model that allows developers to harness the power of GPUs for general-purpose computing. It has led to significant advancements in scientific research and simulations.
NVIDIA's data center GPUs are widely used for AI, machine learning, and high-performance computing tasks, making them a crucial component in modern data centers.
Its collaborates with various tech companies, researchers, and industries to drive innovation often lead to the development of cutting-edge technologies.
Over the years, NVIDIA's stock has shown strong performance, hence, reflecting its success and positive outlook.
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Magnetar capital -> Coreweave -> Nvidia. Using chips as collateral for a loan in which that loan is used to buy chips lol makes sense. Nvidia is the next Enron.
Looking back at the development of the personal computer industry, Nvidia's GH200 is AI's analog to Intel's 80286, and CUDA software is analogous to Microsoft's DOS. Both the hardware and software in the hands of one company give Nvidia tremendous market strength.
Let's not forget the blow out earnings and the raise in guidance. Remember they reported on August 23rd so basically two months of the qtr were finished. they know where they'll end up in Q3 and it will be another blow out.
We’ve still got a post-earnings short squeeze underway. This event will launch the price to around $600.
In the next two weeks we will return above 500. Weak hands are out. Buyers will be back from the summer break. AI news from others will be released. Long term investor since 2017.
When ARM goes public and announces their plans for AI style chips, Nvidia stock will plummett.