Can Nvidia Hit $850 This Week After Earnings Blowout?

NVIDIA's quarterly revenue was $22.1 billion, surpassing the expected $20.62 billion. EPS was $5.15, remarkable 486% year-over-year, also exceeding the expected $4.64. NVDA also provided very optimistic guidance. The CEO stated that demand will continue into 2025 and beyond. Most chip stocks like SMCI, AMD, ARM rise in the extended market after Nvidia's earnings beats. ------------------- Can Nvidia hit $850 this week? Which chip stock will perform best after Nvidia's earnings? What's your pick?

avatarBarcode
02-28
The NVIDIA stock price fell by -0.494% (Tuesday, 27th Feb 2024) from $790.92 to $787.01 so at the volume it is falling it won’t reach $850 by end of week trading. There is one chip stock that looks like a good overall value: Taiwan Semi - Manufacturing - (TSM) in the highly specialized chip industry isn't like a bottling plant, With a constant need to manufacture chips with smaller processors, adding complexity and precision to a constantly evolving industry. Taiwan Semi began producing 3-nanometer chips in late 2022, and will start producing 2-nanometer chips in 2025. Just that small reduction in size requires new investment in complex equipment. Taiwan Semi benefits from growth across multiple players and industries. Taiwan Semi's big advantage is that it generates incredibly high margin
avatarBarcode
02-28
NVIDIA Corporation (Ticker: NVDA) closed the trading session on February 26, 2024, at $790.92, marking a modest gain of 0.35% from its previous close. The day's trading range was between $785.06 and $806.4599, indicating some volatility. The stock is approaching its year high of $823.94 and is significantly above its year low of $222.97. With a market capitalization of approximately $1.98 trillion, NVDA is one of the largest players in the tech sector. The stock’s 50-day moving average (MA) stands at $590.84, and the 200-day MA is at $471.62, showing a strong bullish trend. The Relative Strength Index (RSI14) at 69 indicates that NVDA is nearing overbought territory, which could suggest a potential consolidation or pullback in the near term. The Moving Average Convergence Divergence (MACD)
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Nvidia revenue is expected to return to growth as its largest segment, Data Center, expands at about a 20% annualized rate the next few years and Gaming, its second-largest, returns to growth amid a recovery in China and inventory normalization. Secular tailwinds from the growing demand for AI, especially in Servers, will be Nvidia's primary growth driver in hardware and software revenue. Auto, although at a relatively small scale (about $900 million), should increase much faster (above 30% annually), with new OEM gains in 2024 and 2025. Margins could return to peak levels after recently dropping due to Gaming & PC inventory issues.
avatarahonn
02-26
ChatGPT 4 User Can nvidia hit 850 this week? ChatGPT As of the latest available data, the consensus among analysts is generally positive regarding NVIDIA's stock performance. The average 12-month price forecast for NVIDIA stock from 40 analysts is around $791.65, with some variance in estimates. For instance, some analysts have set a high estimate of $1,200 and a median target around $840, while others have lower estimates​​​​. It's important to note that these are analyst forecasts, which are subject to change and can be influenced by a variety of market factors. As of the last update, NVIDIA's stock price was trading around $788.17, and it has seen a significant increase from the start of the year when it was at $495.22​​​​. Reaching a price of $850 in a week would require a notable jum
Nvidia in a nutshell Fundamentally, Nvidia is early in the AI trend and has a huge runway ahead. I do not deny that and am long term bullish on Nvidia still. However, it is now at the stage where it will face tough comps moving forward coming off a couple of exhilarating quarters with stupendous earnings. Emotions have to be kept in check with facts and technicals are a good way of aligning with the facts. They have a way of showing up the facts before the fundamentals actually catch up. Technically, Nvidia is in the fifth wave of a third wave of an impulse pattern stretching from the Oct 2022 low. Technically, this third wave started from the October 2022 low. The preceding first and second waves stretched all the way back to the 2016 lows. So it is in the last throes of its third wave b
$NVIDIA Corp(NVDA)$  depends on NVDA potential to break and hold $814 this week. If it does, it could pave the way towards reaching $850.  $ARM Holdings Ltd(ARM)$ Keeping an eye on ARM to see if it can break and hold above &135 for call.
avatarXianLi
02-26
$NVIDIA Corp(NVDA)$ is like no other stock in the history of the market.[Strong][Strong][Strong] You can’t compare it to anything because it’s perfect all around and actually if there’s a word for above perfect that’s what it is. And it’s gonna be this way the revenues for a decade plus.You’re going to see 200% up every year. So very very undervalued. It’s pure insanity and emotional investing when you hear someone bearish. This is a last chance to get it below 850 this week[Cool][Cool][Cool]. Don’t be stupid to lost the chance!

Technical Analysis for NVDA

Analyzing $NVIDIA Corp(NVDA)$ we can see a complex market picture. The large Elliott waves (orange) indicate five primary price movements, with three being impulsive waves upward (1, 3, 5) and two corrective waves (2, 4). The smaller Elliott waves (white) represent sub-waves within the larger upward trend of wave (5).Potential support at a yellow channel, which is aligned with previous troughs and peaks, suggesting it's a significant level for future price action. The correction that may occur is suggested by the Fibonacci levels drawn on the last impulse of wave (5). The 0.5 Fibonacci level, often acting as a significant retracement level, points to a potential support area around $600.76, while the 0.618 Fibonacci level indicates a price around
Technical Analysis for NVDA
avatarYNWIM
02-26
My $700 target price already got hit[Bless][Bless][Bless] .. I see $NVIDIA Corp(NVDA)$ heading to $2000 next.America Household have $165 trillion of Wealth .. only a little over 1% went into Nvidia.Nvidia will become the biggest company in America .. load up!!!!
avatarwindy00
02-26

NVDA: HUGE POTENTIAL TO BUY!

$NVIDIA Corp(NVDA)$ One of the most-cited reasons analysts are optimistic about Nvidia stock following its latest earnings report is management's guidance. The company said it expected fiscal first-quarter revenue of about $24 billion -- more than $2 billion more than what the consensus analyst forecast was.[Wow][Wow][Wow]KeyBanc analyst John Vinh raised his 12-month price target on the stock from $740 to $1,100[Cool][Cool][Cool]. His optimism, like analysts at Bernstein and Benchmark (analysts who raised their price target for Nvidia shares to $1,000 after the earnings report), was based on the company's incredible momentum, shown by its explosive sales growth in fiscal Q4 and management's fiscal first-quarter
NVDA: HUGE POTENTIAL TO BUY!
Consider the fact, ~8billion people on the planet, at least 1 billion have computers. $NVIDIA Corp(NVDA)$ has no real competitor for next 2+- yrs, all big companies will go for NVDA, and as the AI tech price declines, private investors definitely will buy NVDA chips[Smart][Smart][Smart]. NVDA could be earning a net trillion+ dollars in 2-3 yrs if will reduced AI priceNVDA price / earnings ratio could quite easily = 1-5 if the share price remains at 800-1000 dollars in the near future, even in this week[Miser][Miser][Miser]!  So it's really quite unimaginable NVDA price wont be 5,000-10,000 per share with pe of 20 or less... probable 100:1 split by then.

Theme of this week, Volatility!

The financial report of the world's most important stock, $NVIDIA Corp(NVDA)$ has already passed, and it has successfully brought back the risk sentiment for tech stocks. Currently, there are three factors to consider:Hedge funds have a very concentrated position in tech stocks. Although the Q4 13F disclosure showed a small reduction in positions, the increase in stock prices this year will definitely continue to raise the percentage of positions.Techs’ valuation is moderately high, but far from reaching a bubble.For diversification purposes, investors are also looking for replacements and hedges.Valuation perspectiveFor PEG, companies like $Meta Platforms, Inc.(META)$ and NVIDIA (NVDA) have much lower va
Theme of this week, Volatility!
avataribf
02-25
Buy NVDA as the forward PE is still low & 18/3 got their GTC AI day which will introduce their new GPU!
According to wall street analyst, nvda remains one of the cheapest pure play AI even after its meteoric rise over the last two years because its earnings have kept up and even exceeded its price growth trend thereby maintaining a reasonable forward PE of 27 vs previous cycle forward PE of around 60ish. https://youtu.be/UtqgWFEd-50?si=ki9ALEeV0AvDX2rd
avatarnandaa
02-25
After Nvidia's fourth-quarter (Q4) earnings report, the company's stock surged by 15%, surprising Wall Street with better-than-expected results, particularly in its Data Center segment. Revenue reached $22.1 billion, exceeding estimates by approximately 8%, with Data Center revenue hitting $18.4 billion, a 7% difference from estimates and a 410% year-over-year increase. Nvidia also surpassed expectations with its net income and gross margin, which rose to 76.7%. The company's Q1 forecast includes revenue expectations of $24 billion and a gross margin between 76.3% and 77%. Analysts, while still bullish on Nvidia, have set modest price targets, with an average upside of only 4%. Despite this, many analysts anticipate greater returns, with targets ranging from 9% to 19%. Nvidia's strong per
Amazing ,miss up the chance 
avatarKczx
02-24
Nvidia's Dominance in the AI Revolution: A Sure Bet $NVIDIA Corp(NVDA)$   In the rise of AI, Nvidia remains at the forefront.  Nvidia has been synonymous with the AI revolution, and its dominance in this space is clear. As the world increasingly relies on AI for a myriad of applications, from autonomous vehicles to data analytics, it's inevitable that Nvidia's share price will soar, making it an enticing prospect for investors Despite efforts by competitors to catch up, Nvidia's first-mover advantage and technological superiority remain formidable barriers to entry. Looking ahead, Nvidia is poised to capitalize on the huge demand for AI-driven solutions across all sectors. For investors seeking long-term gr
too expensive to buy $NVIDIA Corp(NVDA)$ at $800. try trading $GraniteShares 1.5x Short NVDA Daily ETF(NVD)$ priced at $7 or $GRANITESHARES 1.5X LONG NVDA DAILY ETF(NVDL)$ at $196. not recommended to hold for long term
Encourage to buy!!!  .........