🎁What the Tigers Say | NVDA: Filling the Gap or Reaching Bottom?

TigerClub
04-11

During Wednesday's trading session, NVDA surged 1.97% to close at $870.39, defying the trend of declining stocks.

However, NVIDIA's stock price has declined by over 10% from its recent peak, indicating a correction phase.

Is $NVIDIA Corp(NVDA)$ getting out of the woods?

Or will continue to dip?

Below are some insights from Tigers @Barcode, @Strategy 1 and @melson. Which opinions do you agree with？

🎁Special Notes: Whoever showed up on the” What the Tigers Say” column will receive 100 Tiger Coins and an exclusive interview invitation to honor your contribution.

Click titles to read the full analysis:

1. @Barcode: With the stock rising from a key support level, a new entry is at hand

Key Points:

  • There are two options for those holding the stock: Wait while the stock forms a base and add more at a proper buy point, or trim the holdings if the stock breaks a key support level such as the 50-day moving average.

  • Nvidia (NVDA) appears to be forming a base and the next possible entry could be 967.66 or 974. A clear base with a proper breakout makes Nvidia a buy.

  • Meanwhile, Nvidia's chart shows that its relative strength line, which compares stock performance to the S&P 500, is falling.

  • NVDA is a Zacks Rank #1 (Strong Buy)

2. @Strategy 1: Are You a Short-Term Trader or Long-Term Holder of Nvidia?

Key Points:

  • I don't think Nvidia will drop below 800, yesterday dip was partially Caused by hotter than expected cpi data and almost every stock dipped but it recovered partially during trading hours.

  • Intel in my view is in a similar situation compared to amd being late and trying to break into the market. Both will have their place but it will be important if they compete mainly on performance or cost.

  • Both will undercut pricing as much as they can to gain market share with likely faster availability due to shorter order backlog and can be attractive for smaller companies in comparison to hyperscalers

  • Nvidia will still be the performance leader plus their strong software support will always sway buyers to go with them. For hyperscalers building large AI data centers the cost of high performance chips from Nvidia may be offset by needing less of them for same workloads. For those who want maximums computing power for the next step in AI which is building a real "world aware" AGI again it may be the preferred choice.

  • Nvidia will face increasing price pressure from intel and amd (or other custom chip offerings) which will impact margins but overall the projected growth for AI is large hence increase in earnings will help offset this.

  • I would not be surprised if Nvidia responds with cut down versions at cheaper price points in the future to combat $Intel(INTC)$ and $Advanced Micro Devices(AMD)$.

3. @melson: Are You a Short-Term Trader or Long-Term Holder of Nvidia?

Key Points:

  • NVDA scored a big rebound last night although us cpi is hotter than expected. according to its pnf it is still on an uptrend. $VanEck Semiconductor ETF(SMH)$ tracks the chip makers as well as the semiconductor industry. its pnf is also on an uptrend. however if you observe their candlestick charts, they appear to be u turning downwards.

  • nvda looks likely to clear gap at 700 before normalizing and then rebound. looking at its pnf chart, that would be around 2.618 level of the Fibonacci retracement.

Questions for you:

Is Nvidia getting out of the woods?

Or will continue to dip?

🎁Prizes

🐯 All valid comments on the following post will receive 5 Tiger Coins.

We strongly recommend selecting the "Also repost" button when posting a comment to receive more rewards.

⏰Duration

  • 17 Apr (24pm EDT)

Nvidia Roller Coaster: Buy on Dip or Sell on Rally?
Nvidia has been taking roller coaster ride since last Friday. After the rebound, Nvidia's issues have not been fully resolved. ---------------------------- Will you bottom semi stocks? What's your target price for Nvidia? Is the correction over? Will you buy on dips or sell on rallies?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • icycrystal
    04-11
    icycrystal
    NVIDIA's stock price has declined by over 10% from its recent peak, indicating a correction phase.

    Wednesday's trading session, NVDA surged 1.97% to close at $870.39, defying the trend of declining stocks.

    @Shyon @Aqa @koolgal @DiAngel @HelenJanet @LMSunshine @TigerGPT @GoodLife99 @Universe宇宙 @rL

    Is Nvidia getting out of the woods?


    Or will continue to dip?

    All valid comments on the following post will receive 5 Tiger Coins.

    • Universe宇宙: 
      [ShakeHands]
    • TigerGPT: 

      NVIDIA Stock Analysis

      Business and Industry Overview:NVIDIA is a leading technology company that specializes in designing and manufacturing graphics processing units (GPUs) and artificial intelligence (AI) computing platforms. The company's GPUs are widely used in gaming, data centers, and professional visualization applications. NVIDIA operates in a rapidly growing industry, driven by the increasing demand for high-performance computing, AI, and gaming technologies. The company is well-positioned to benefit from the continued growth in these sectors.

        

      Earnings Analysis:

        

      Latest Earnings (2024Q4): NVIDIA reported an EPS of $4.98, with a net profit margin of 55.58%. The company's return on investment was 69.23%, indicating efficient use of capital. Other key financial ratios, such as gross profit margin, quick ratio, and current ratio, also reflect the company's strong financial performance.  

      Earnings Forecast: According to the earnings forecast, NVIDIA is expected to achieve significant growth in the coming years. For example, in 2027FY, the forecasted EPS is $35.07, forecasted gross income is $1560.69 billion, and forecasted EBIT is $923.82 billion. These forecasts suggest a positive outlook for the company's future earnings.  

        Trend Analysis:  

        Stock Price: As of April 11, 2024, NVIDIA's stock price is $884.28. The stock has shown resilience by defying the trend of declining stocks and experiencing a surge of 1.97% in the recent trading session.  

        Support and Resistance Price: The support price on April 10, 2024, was $868.2, while the resistance price was $871.2. These levels indicate the price range within which the stock is expected to trade in the near term.  

          Valuation Analysis:  

          Analyst Target Price: Analysts have provided a range of target prices for NVIDIA. The average target price is $994.53, with a low of $478.4 and a high of $2762.12. This indicates a positive sentiment among analysts regarding the stock's potential upside.  

          Analyst Recommendation: Out of the total analysts, 20 strongly recommend buying NVIDIA stock, 33 recommend buying, and 4 recommend holding the stock. This suggests a favorable outlook for the stock.  

            Capital Flow Analysis:  

            5-Day Capital Flow: The capital flow data for the past five days shows mixed activity. On April 5, there was a significant inflow of $36,194.23 million, while on April 4, there was an outflow of $42,832.17 million. These fluctuations indicate changing investor sentiment and trading activity.  

            1-Day Capital Flow: On April 10, there were significant buy orders, with large orders totaling $196 million, medium orders totaling $221 million, and small orders totaling $3.257 billion. Sell orders included large orders totaling $256 million, medium orders totaling $181 million, and small orders totaling $3.117 billion.  

            Please note that the above analysis is for informational purposes only and should not be considered as investment advice. The stock market is subject to inherent risks, and stock prices can fluctuate. It is recommended that investors conduct their own research and analysis before making investment decisions.

  • 1PC
    04-11
    1PC
    I'm not vested in NVDA but am  looking at the current Price movement to go closer to the level of 822++ to fill the gap. personal wishes will be lower further to 783++ [Happy] [Happy] My wishes here. It has a M Top and is very close to rejection of the neckline or recovering the neckline. [Surprised]. Very critical movement [Bless]. whichever direction it chose, let's react according to our trade plans [OMG]. I will be waiting [Blush]
  • Success88
    04-11
    Success88
    Semicon AI stock will have a correction phase at lease 10-15% drop which is normal as some investors get some profit taking and to see the overall geopolitical outcome. Meanwhile still can invest TSMC ADR as the range maintain at 140-160 @TigerClub
  • WanEH
    04-11
    WanEH
    但是最好可以跌多一些，那么投资者才有机会在更低的成本价入手投资英伟达。好公司不怕跌
  • WanEH
    04-11
    WanEH
    我觉得应该还没触底，可能还会往下跌。英伟达长期还是可以上涨的。比较人工智能芯片还是供不应求的。
  • nomadic_m
    04-11
    nomadic_m
    *Is $NVIDIA Corp(NVDA)$ getting out of the woods? Or will continue to dip?*

    Short Term: Neutral to slightly bearish. NVDA recently broke below the floor of a rising trend channel, indicating a potential slowdown in price increase.

    Long Term: Positive. NVDA has outperformed most stocks year-to-date and over the past year.

    $GraniteShares 2x Long NVDA Daily ETF(NVDL)$

Leave a comment
17
19