Steady As She Goes: NVDA Set for a Festive Finish at $224.46! ๐๐๐๐๐๐
Kia ora ๐ โs,
Get ready to celebrate because NVIDIA (NVDA) is gearing up for a strong year-end rally. Hereโs why Iโm confident NVDA will close out the year at $224.46:
Financial Strength
NVIDIA recently reported a staggering revenue of $26 billion for Q1 FY2025, representing a 262% increase year-over-year. This robust growth is primarily driven by booming demand for their AI and data center products. The companyโs net income also soared to $14.88 billion, highlighting its profitability and market leadership [oai_citation:1,NVIDIA Announces Financial Results for First Quarter Fiscal 2025 | NVIDIA Newsroom](https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-first-quarter-fiscal-2025) [oai_citation:2,
NVIDIA Corporation - Computer Industry Joins NVIDIA to Build AI Factories and Data Centers for the Next Industrial Revolution
](https://investor.nvidia.com/news/press-release-details/2024/Computer-Industry-Joins-NVIDIA-to-Build-AI-Factories-and-Data-Centers-for-the-Next-Industrial-Revolution/default.aspx).
Technological Innovations
At COMPUTEX 2024, NVIDIA unveiled several groundbreaking advancements, including the Blackwell GPU architecture and Omniverse Cloud Sensor RTX. These innovations are designed to accelerate AI development across various industries, positioning NVIDIA at the forefront of technological progress [oai_citation:3,Latest News | NVIDIA Newsroom](https://nvidianews.nvidia.com/news/latest) [oai_citation:4,
NVIDIA Corporation - NVIDIA Stockholder Meeting Set for June 26; Individuals Can Participate Online
](https://investor.nvidia.com/news/press-release-details/2024/NVIDIA-Stockholder-Meeting-Set-for-June-26-Individuals-Can-Participate-Online/default.aspx).
Strategic Partnerships
NVIDIAโs collaborations with major players like Foxconn and Taiwanโs healthcare institutions are expanding its footprint in AI-powered solutions and next-gen technologies. These partnerships are crucial for driving growth and adoption of NVIDIAโs cutting-edge technologies [oai_citation:5,
NVIDIA Corporation - Computer Industry Joins NVIDIA to Build AI Factories and Data Centers for the Next Industrial Revolution
](https://investor.nvidia.com/news/press-release-details/2024/Computer-Industry-Joins-NVIDIA-to-Build-AI-Factories-and-Data-Centers-for-the-Next-Industrial-Revolution/default.aspx) [oai_citation:6,Home | NVIDIA Newsroom](https://nvidianews.nvidia.com/).
Market Sentiment and Technical Indicators
The market sentiment around NVIDIA is overwhelmingly positive, bolstered by CEO Jensen Huang's visionary leadership and the company's impressive technological advancements. The upcoming annual stockholder meeting on June 26 is expected to further boost investor confidence [oai_citation:7,
NVIDIA Corporation - NVIDIA Stockholder Meeting Set for June 26; Individuals Can Participate Online
](https://investor.nvidia.com/news/press-release-details/2024/NVIDIA-Stockholder-Meeting-Set-for-June-26-Individuals-Can-Participate-Online/default.aspx).
Technical Analysis Summary:
- RSI (Relative Strength Index): Currently at 40.23, indicating the stock is neither overbought nor oversold [oai_citation:8,NVIDIA Corp (NVDA) Technical Analysis: RSI, ADX, MACD, ROC, STOCHRSI, WILLR](https://stocklytics.com/stocks/nvda/technical-analysis) [oai_citation:9,NVDA Technical Analysis (NVDA) - Investing.com](https://www.investing.com/equities/nvidia-corp-technical).
- MACD (Moving Average Convergence Divergence): Neutral position, suggesting no strong trend in either direction [oai_citation:10,NVIDIA Corp (NVDA) Technical Analysis: RSI, ADX, MACD, ROC, STOCHRSI, WILLR](https://stocklytics.com/stocks/nvda/technical-analysis) [oai_citation:11,Nvidia (NVDA) Technical Analysis - TipRanks.com](https://www.tipranks.com/stocks/nvda/technical-analysis).
- Bollinger Bands: Price within normal volatility range, indicating no imminent breakout signal [oai_citation:12,NVDA - Nvidia Corp Stock Technical Analysis - Barchart.com](https://www.barchart.com/stocks/quotes/NVDA/technical-analysis) [oai_citation:13,NVDA | SharpCharts | StockCharts.com](https://stockcharts.com/h-sc/ui?s=NVDA).
- Stochastic Oscillator (STCH): At 32.769, indicating the stock is not in overbought or oversold territory [oai_citation:14,NVDA Technical Analysis (NVDA) - Investing.com](https://www.investing.com/equities/nvidia-corp-technical) [oai_citation:15,NVIDIA Corp (NVDA) Technical Analysis: RSI, ADX, MACD, ROC, STOCHRSI, WILLR](https://stocklytics.com/stocks/nvda/technical-analysis).
- Chaikin Money Flow (CMF): Volume trends do not indicate a strong accumulation or distribution phase, suggesting mixed sentiment [oai_citation:16,NVDA | SharpCharts | StockCharts.com](https://stockcharts.com/h-sc/ui?s=NVDA).
- Volume and Volume Oscillator: Significant trading volume but mixed sentiment, indicating interest in the stock without a clear directional bias [oai_citation:17,Technical Analysis of NVIDIA (NASDAQ:NVDA) โ TradingView](https://www.tradingview.com/symbols/NASDAQ-NVDA/technicals/).
Fibonacci Levels Analysis
Fibonacci retracement and extension levels are crucial for identifying potential support and resistance. Hereโs a detailed look at NVDAโs key levels based on recent high ($140.76) and low ($39.23):
- 161.8% extension: $196.19
- 200% extension: $242.05
- 261.8% extension: $316.62
These levels suggest that the stock has significant room to grow, with potential resistance around $196.19 and $242.05. The target of $224.46 is well within these Fibonacci extension levels, supporting a bullish outlook for NVDA [oai_citation:18,NVDA - Nvidia Corp Stock Technical Analysis - Barchart.com](https://www.barchart.com/stocks/quotes/NVDA/technical-analysis) [oai_citation:19,Nvidia (NVDA) Technical Analysis - TipRanks.com](https://www.tipranks.com/stocks/nvda/technical-analysis).
Conclusion
By integrating robust financial performance, technological innovations, strategic partnerships, and detailed technical analysis, itโs clear why NVDA is set for a festive finish at $224.46. So, grab your party hats and let's gear up for a green Christmas with NVDA! And remember, itโs not just Santa coming to town โ itโs a sleigh full of profits!
Happy Midyear Christmas trading, Cheers BC ๐
@TigerGPT @Tiger_Wealth @Tiger_chat @Tiger_comments @Tiger_Earnings @MillionaireTiger @CaptainTiger
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.
Based on the information provided, it appears that NVIDIA (NVDA) is poised for a strong year-end rally. Here are the key factors supporting this outlook:
Financial Strength: NVIDIA reported impressive financial results for Q1 FY2025, with a revenue of $26 billion, representing a 262% increase year-over-year. The company's net income also soared to $14.88 billion, highlighting its profitability and market leadership.
Technological Innovations: NVIDIA unveiled several technological innovations at COMPUTEX 2024, indicating its commitment to driving advancements in AI and data center products. These innovations position the company well for future growth and market dominance.
Strategic Partnerships: NVIDIA has formed strategic partnerships with the computer industry to build AI factories and data centers for the next industrial revolution. These partnerships enhance NVIDIA's market position and provide opportunities for further growth.
Technical Analysis: Based on technical analysis, NVDA's key levels suggest significant room for growth, with potential resistance around $196.19 and $242.05. The target price of $224.46 falls within these Fibonacci extension levels, supporting a bullish outlook for NVDA.
Considering these factors, it is reasonable to expect NVDA to close out the year on a positive note. However, it is important to note that investing in stocks carries risks, and market conditions can change. It is always recommended to conduct thorough research and consider your own investment goals and risk tolerance before making any investment decisions.
Risk Disclaimer: The information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, including the potential loss of principal. Always do your own research and consider your investment goals and risk tolerance before making any investment decisions.
Reply to @poopsy thank you for reading my post and commenting!
Hey Poopsy,
Hell yea, you nailed it! People need to focus on the bigger picture and not get distracted by a single red week in three months. The facts speak for themselves, and weโve got the data to back it up. Clickbait and sensationalism will always be there, but we know the truth. Time to cut through the noise and shine with facts! ๐๐
NVIDIAโs stellar performance, groundbreaking innovations, and strategic partnerships are the real deal. Weโre on the path to a green Christmas. ๐๐น Letโs stay the course, keep our eyes on the prize, and show everyone what real traders are made of. Weโre not just riding the wave; weโre setting the trend. ๐๐ Rise above the FUD, and let's make our mark! ๐ Happy trading ahead! Cheers, BC ๐
@All or Nothing Hey AoN! What's tricks? How are you doing? You still in HKG? How is the trading? Cheers, BC. Happy mid winter Christmas from ๐ณ๐ฟ๐๐
Kia ora AoN. Jet lag and rough patchesโwhat a combo! ๐โ๏ธ Trading gets wobbly after a break, but hopefully youโll bounce back stronger than ever. In the meantime, Iโve missed your banter and those sharp trading insights. Trust me, I know the jet lag struggle well, so Iโm cheering you on as you shake it off and get back on track.
Mid-winter Christmas just isnโt the same without your banter!๐๐๐ฅ Hereโs to finding our rhythm again and making stellar trades! Letโs turn festive cheer into trading gold and show everyone how itโs done. Cheers to a prosperous comeback and many more wins ahead,
BC ๐ธ๐น๐ฅ@All or Nothing Hey AoN! What's tricks? How are you doing? You still in HKG? How is the trading? Cheers, BC. Happy mid winter Christmas from ๐ณ๐ฟ๐๐