I should buy a fraction of a share 🤣So expensive haha
@Barcode：$NVIDIA Corp(NVDA)$ 🖖🚀🖖 Nvidia Navigates to $1190: Bullish Blast Before the Big Break 🚀🖖🚀 I’m expecting Nvidia (NVDA) to experience a melt up in its stock price, potentially reaching $1,190 before the much anticipated stock split 7 June. My bullish sentiment is underpinned by several key factors: 1. Historical Performance of Stock Splits: Stock splits typically generate positive market reactions by increasing liquidity and making shares more accessible to a broader investor base. Nvidia has historically seen substantial price appreciation around split announcements, reinforcing the bullish sentiment. 2. Technical Analysis: Achieving a target of $1,190 suggests a robust upward trend supported by technical indicators. This trend may be driven by positive earnings reports, technological advancements, and favorable overall market conditions for tech stocks. Considerations: 1. Valuation Concerns: As Nvidia’s stock price ascends, concerns about overvaluation may arise. Investors should rigorously evaluate the company's fundamentals to ensure that the price increase is justified by earnings growth and market potential. 2. Market Conditions External factors such as interest rates, economic data, and geopolitical events could impact Nvidia’s stock performance. A supportive macroeconomic environment could bolster the bullish trend, while adverse conditions may present challenges. 3. Company Performance:Nvidia's future success will depend on its ability to maintain its leadership in the GPU market, expand in AI and data centers, and innovate in areas like autonomous vehicles and the metaverse. Financial Projections: 1. Revenue Growth:Nvidia's revenue is projected to maintain a strong growth trajectory. For fiscal year 2024, the company reported $60.92 billion, an increase of 126% from the previous year. Analysts forecast revenue to reach $115.12 billion in 2024 and $147.31 billion in 2025, representing growth rates of 88.96% and 27.97%, respectively. 2. Earnings Per Share (EPS): Nvidia's EPS for 2024 is projected at $25.65, more than doubling from $11.93 in the previous year. The EPS is expected to increase further to $33.12 in 2025, reflecting a growth rate of 29.11%. 3. Quarterly Performance: In Q1 2024, Nvidia reported EPS of $6.12, surpassing analyst expectations of $5.14. The company's revenue for the quarter was $26.04 billion, up 262.1% from the same quarter last year. Recent News: 1. Product Launches: Nvidia has introduced the GeForce RTX 40 Super Series, including the RTX 4080 Super, RTX 4070 Ti Super, and RTX 4070 Super, aiming to enhance its competitive edge in the GPU market. 2. AI and Data Center Growth: The Data Center segment continues to be a major growth driver, with a year-over-year increase of 427% in Q1 2024. This growth is largely due to the increasing adoption of AI technologies and Nvidia’s strong positioning in high-performance computing markets. 3. Stock Split: Nvidia announced a ten-for-one forward stock split effective June 7, 2024. This split is expected to enhance the liquidity of Nvidia’s shares and broaden its investor base. Analyst Ratings and Price Targets: 1. Consensus Rating: Analysts maintain a consensus rating of "Strong Buy" for Nvidia’s stock, with the average price target set at $1,094 and a high estimate of $1,400. This indicates strong confidence in Nvidia's future performance. 2. Positive Market Sentiment: Analysts from Citigroup, Deutsche Bank, and TD Cowen have reiterated strong buy ratings, reflecting optimism about Nvidia’s sustained growth and market leadership in the semiconductor industry. Conclusion Nvidia’s robust financial performance, driven by substantial revenue and EPS growth, combined with positive market sentiment and strategic initiatives such as new product launches and a stock split, suggests a favorable outlook for the company. My expectation that Nvidia’s stock could reach $1,190 before the split is supported by recent financial achievements and optimistic analyst forecasts. However, it is anticipated that there may be a sell-off a few days prior to the split, so investors with open positions should stay vigilant. Nvidia's climb to Eleven Ninety, a bullish break, so sleek and shiny. Before the split, the price will soar, a tech titan's roar, hard to ignore. @TigerPM @TigerWire @TigerPM @Tiger_Earnings @MillionaireTiger @Daily_Discussion @TigerGPT What recent developments and future growth opportunities make Nvidia a strong candidate for investment and potentially high returns? 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.
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