🚀🔥 Nvidia: The Unstoppable Force Leading the Semiconductor Revolution! 🔥🚀
Kia ora Tiger traders!
The market had a strong close today, with the Dow and major indexes hitting new highs. The real excitement, however, lies in the semiconductor space, particularly with Nvidia (NVDA). Buckle up, because this stock looks like it's gearing up for a significant move, and I’m ready to pounce!
🔍 NVDA’s Set to Soar: Nvidia is currently trading at $106.81, reflecting strong after-hours momentum. This aligns with the setup we saw last year when NVDA shot from $90 to $130 in a matter of days. With the descending wedge pattern still in play, a breakout looks imminent. If I see any weakness tomorrow, I’m diving in! The plan? Start buying around $104-$103 and add more on any dips. The goal is to be fully loaded before it breaks $110.
🌟 Leading the Charge with Innovation: Nvidia isn't just a leader ~ it's a market dominator! The company recently introduced its HGX H200 GPU, a powerful successor to the H100, boasting advanced capabilities like HBM3e technology and enhanced performance for large-scale AI and high-performance computing (HPC). This next-gen chip is set to revolutionize data centers, with industry giants like Amazon Web Services, Google Cloud, and Microsoft Azure preparing to roll out H200-based instances in 2024.
But that’s not all—Meta is also planning a massive investment, aiming to acquire 350,000 Nvidia H100 GPUs by the end of 2024 to fuel its AI ambitions. These GPUs are in such high demand that prices have surged up to USD 40,000 per unit.
🛠️ Watchlist: Semiconductors Are Heating Up:
- AMD (AMD): With NVDA leading, AMD could follow suit. After selling Synopsys (SNPS) and Micron (MU) today, I’m looking to buy them back on any dips.
- Micron (MU): Key resistance at $112 with a $20 upside potential if the move plays out.
- Synopsys (SNPS): Not out of the channel yet, but when it breaks, expect a big move.
- ASML Holding (ASML): Similar setup, awaiting a breakout from the channel.
- KLA Corp (KLAC): Up quite a bit, but any dip is an opportunity.
- Qualcomm (QCOM): Another semi on the radar for a potential squeeze.
🎯 Key Levels to Watch:
- Resistance: $106.72, $110 for NVDA, with a potential push towards $130.
- Support: Looking for entries around $104-$103 if weakness shows.
- 🎯: Climbing up to $130, with the move potentially accelerating as we approach mid-August.
🔮 Analyst Insights: According to top analysts, "Nvidia's current setup bears a striking resemblance to last year's explosive move. The stock is on the brink of a major breakout." Another market expert adds, "The semiconductor sector is poised for a significant rally, and Nvidia is likely to be at the forefront."
🚀 Other Key Market Movers:
- SMH (VanEck Semiconductor ETF): Looking strong, but not quite out of the channel—watch for a squeeze.
- SOXL (Direxion Daily Semiconductor Bull 3X Shares): Just squeezing out, any weakness could be an entry point.
- QCOM (Qualcomm): Similar pattern to NVDA, could see a breakout.
- MSFT (Microsoft): Lots of room to run, not through its channel yet.
- TSLA (Tesla): Above $200 after hours, I’m ready to buy if it dips back to $195.
- COIN (Coinbase): With Bitcoin moving, COIN could follow suit, watching for a push to $216.
- AAPL (Apple): 🍎Closing the gap, plenty of room for growth.
- GOOGL (Alphabet): Oversold, any move out of the channel could trigger a big run.
- BIDU (Baidu): Showing signs of life, could be ready for a squeeze.
- XBI (Biotech ETF): Choppy but turning around, could be a buying opportunity.
- XLF (Financials ETF): Holding up, but not yet in a parabolic phase—worth watching.
📈 Final Thoughts: With Nvidia's current price of $106.81 and the semiconductor sector heating up, tomorrow could be a critical day for NVDA and its peers. If I see any weakness, especially in the first hour, I’m ready to buy. Whether it's NVDA, AMD, MU, or any of the others, the goal is to catch these moves before they take off. The next few days will be crucial, and I’m aiming to be fully positioned before this wave crests.
Hey Tiger Traders, what do you think? Are we about to see a massive rally in semis, or is there another twist in this tale?
@TigerGPT: How likely do you think Nvidia’s breakout will influence the broader semiconductor market? Should we focus on NVDA, or are there other semis better positioned for gains?
Happy trading ahead. Cheers, BC 🍀
@TigerOptions @TigerPM @Tiger_Chart @MillionaireTiger @Trend_Radar @Tiger_comments @TigerStars @Daily_Discussion
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NVIDIA Corp (NVDA) Stock Analysis
1. Business and Industry Overview:NVIDIA Corp is a leading semiconductor company that designs and manufactures graphics processing units (GPUs) and system-on-a-chip units (SoCs) for gaming, professional visualization, data centers, and automotive markets. The company's GPUs are widely used in various industries, including gaming, artificial intelligence (AI), and autonomous vehicles. The semiconductor industry is expected to experience significant growth in the coming years, driven by increasing demand for advanced technologies such as AI, cloud computing, and autonomous vehicles.
2. Earnings Analysis:
Latest Earnings: In the first quarter of 2025, NVIDIA reported an EPS of $0.60, with a net profit margin of 57.14%. The company demonstrated strong financial performance with a gross profit margin of 78.35% and a return on investment of 73.89%.
Earnings Forecast: Analysts forecast that NVIDIA's EPS will reach $2.72 in 2025FY, $3.75 in 2026FY, and $4.34 in 2027FY. The company is expected to achieve significant growth in gross income and EBIT over the forecasted years.
3. Trend Analysis:
Support and Resistance Price: As of August 8, 2024, the support price for NVDA is $103.0, and the resistance price is $111.6.
Capital Flow: The recent 5-day capital flow data shows mixed trends, with some days experiencing outflows and others experiencing inflows. On August 6, there was a significant inflow of 662,268.1 units (K). However, it is important to note that capital flow data can be volatile and should be analyzed in conjunction with other factors.
4. Valuation Analysis:
Analyst Target Price: According to 49 analysts, the mean target price for NVDA is $137.02, with a low estimate of $50.3 and a high estimate of $200.0.
Analyst Recommendation: Out of the 60 analysts covering NVDA, 18 recommend, 37 buy, and 5 hold the stock.
5. News and Sentiment Analysis:
Bullish News: The introduction of the HGX H200 GPU, with advanced capabilities for AI and high-performance computing, indicates NVIDIA's commitment to innovation and market dominance.
Bearish News: No specific bearish news was mentioned in the provided information.
Final Thoughts:Based on the analysis, NVIDIA Corp (NVDA) shows strong potential for growth in the semiconductor industry. The company's recent earnings performance and forecast, along with positive news and analyst recommendations, indicate a positive outlook. However, it is important to consider the inherent risks in the stock market and the normal fluctuations in stock prices.
Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. Investors should conduct their own research and analysis before making investment decisions.