Big Levels on Big TechBig technology stocks have moved sideways for the last month. Now there could be some important levels for names like Nvidia as investors digest today’s higher-than-expected inflation report.
The main pattern on today’s chart is the March 11 low of $841.66. This level has provided support since the
What's happening today with NVIDIA
- •Nvidia's stock trades at a premium, reflecting its GPU market leadership, with positive revenue and EPS projections for Q1.
- •Nvidia boosts data center efficiency, explores new locations for cost savings, targets sovereign revenue, and innovates with liquid-cooled GB200 systems.
- •Nvidia's Hopper GPU faces high demand and supply issues. The Blackwell GPU is expected to encounter similar challenges. Nvidia leads in AI, with the Blackwell B100 launch set for 2024.
12.06USD
29.76 BUSD
60.92 BUSD
2.40 B
About NVIDIA
Sector
Industry
CEO
Jen Hsun Huang
Website
Headquarters
Santa Clara
Employees (FY)
29.6 K
Founded
1993
ISIN
US67066G1040
FIGI
BBG000BBJQV0
NVIDIA Corp engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment comprises of product brands, which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users. The Tegra Processor segment integrates an entire computer onto a single chip, and incorporates GPUs and multi-core CPUs to drive supercomputing for autonomous robots, drones, and cars, as well as for consoles and mobile gaming and entertainment devices. The All Other segment refers to the stock-based compensation expense, corporate infrastructure and support costs, acquisition-related costs, legal settlement costs, and other non-recurring charges. The company was founded by Jen Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem in January 1993 and is headquartered in Santa Clara, CA.
$NVDA pull back for steeper jump?Interest rate sensitive Nasdaq composite index off from its 5 monthly gaining streak marked by strong economy projections reneging expected rate cut in June FOMC meeting. NASDAQ:NVDA and its peers from Semiconductor industry overall are continuing to follow market downtrend.
NVDA: Week of April 15And finally, NVDA.
Setup is beraish on the 4 hour, with the immediate point being the yellow line in the chart. We usually overshoot these Heikin ashi setup targets so look to the calculate low targets starting at 849.
I was thinking we would fall back down into the gap support and then break bel
📉 BEARS vs BULLS, Market Psychology, Basics & How To TradeThere are always two sides to every coin, heads or tails; and there are always two sides to every chart, bearish and bullish.
Here we are going to be looking at the signals for the NVDA stock on both sides.
Nvidia was already a massive company thanks to its chips and cards but with the advent of C
Targeting $902 in (b)We tagged my long held target yesterday of $834, and now I'm of the opinion we get a corrective retrace targeting $902 before seeing lower.
Best to all,
Chris
Nvidia may have topped in it's corrective retracePrice has entered and exited the target box for this retracement. Although price could try to get higher in the target box, only a move that breaches the recent low of $830 will signal a confirmed top that could be long term in nature.
Best to all,
Chris
Come to Daddy NvidiaI have long been warning that Nvidia was on a path to tag $834 for a while now, Followers of mine can search previous posts. I received a ton of criticism about my analysis...even ridicule at times.
...and here we are on the verge.
My only question is do we get deeper into the target box?
Best
NVDA breaks below support lineNVDA today broke below its support line after breaking its long term upward trend on April 4th.
Broke upward trend and held breakdown earlier this week.
Broke below support today on strong volume indicating confirmation of movement.
Started to recover on weak volume indicating disagreement
$NVDA path to the top - $1170ish targetUpdating my analysis with some additions of some key levels to watch for as price makes it's way higher.
I do think NASDAQ:NVDA is going to become more volatile over the coming few weeks as it works it's way to the top resistance levels.
Even though price seems to be forming a H&S top, I'm not s
NVDACurrently, NVDA seems to be forming a double bottom pattern, indicating a potential upward trend in the stock. I plan to wait for a pullback to around $892 before entering a long position. My profit-taking targets are set at $924, $940, and $967.
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Frequently Asked Questions
The current price of NVDA is 867.72 USD — it has increased by 0.90% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on NASDAQ exchange NVIDIA stocks are traded under the ticker NVDA.
NVIDIA is going to release the next earnings report on May 22, 2024. Keep track of upcoming events with our Earnings Calendar.
One year price forecast for NVIDIA has a max estimate of 1400.00 USD and a min estimate of 620.00 USD.
NVDA earnings for the last quarter are 4.02 USD whereas the estimation was 3.37 USD which accounts for 19.40% surprise. Estimated earnings for the next quarter are 4.59 USD. See more details about NVIDIA earnings.
NVIDIA revenue for the last quarter amounts to 18.12 B USD despite the estimated figure of 16.19 B USD. In the next quarter revenue is expected to reach 20.40 B USD.
Yes, you can track NVIDIA financials in yearly and quarterly reports right on TradingView.
Like other stocks, NVDA shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade NVIDIA stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 16, 2024, the company has 29.60 K employees. See our rating of the largest employees — is NVIDIA on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. NVIDIA EBITDA is 34.48 B USD, and current EBITDA margin is 56.60%. See more stats in NVIDIA financial statements.