Nvidia (#NVDA) Weekly Special Report based on 1 Lot Calculation:
- AI: ACCORDING TO THE INTERNATIONAL DATA CORPORATION, COMPANIES WILL SPEND $500 BILLION BY 2027, WHICH COULD SEE DEMAND FOR NVIDIA AI PROCESSING PRODUCTS: Nvidia holds around 87% of the AI Processing market as of Q2 23. Nvidia chips are a critical part in the development of artificial intelligence products.
- NVIDIA IN AI WORLD: Nvidia’s H100 GPU chip is one of the most critical tools in artificial intelligence with Nvidia the only company that produces a chip of this kind. Nvidia takes up 95% of the graphics processors used for machine learning.
The Company -
- NVIDIA develops and produces three dimensional graphics processors and other related software. Additionally, the company also produces graphics processing units, which is a critical component when developing artificial intelligence and self-driving autonomous vehicles.
Events:
- EVENT: HANNOVER MESSE AUTOMATION CONFERENCE (APRIL 22 – APRIL 26, 2024): The Hannover Messeis an automation event set to be held in Germany. Nvidia is set to send a representative to the conference in order to discuss solutions for manufacturing automation and efficiency. The conference could serve as a platform for Nvidia to demonstrate new and innovative solutions which could help the company sell more of its products.
- EVENT Q1 EARNINGS REPORT (CONFIRMED MAY 22, 2024 AFTERMARKET): Nvidia is on track to report its highest ever quarterly revenue, with the Bloomberg consensus estimating $24.12B. Earnings Per Share is expected to come in at $5.25. These expectations represent a year-on-year growth rate of 235% for revenue and 532% for earnings per share respectively.
Analysis:
- Q4 EARNINGS REPORT OUTCOME: REVENUE (BEAT): $22.1 Billion vs $20.412 Billion, EARNINGS PER SHARE (BEAT): $5.16 vs $4.603, FORWARD GUIDANCE (Q1 REVENUE - BEAT): $24 Billion vs $21.5 Billion
- NVIDIA MARKET CAPITALIZATION GREW FROM $1TRILLION TO $2.36 TRILLION IN 9-MONTHS, GROWTH OF 136%: Nvidia’s stock price has risen around 136% in a 9-month period, making NVIDIA the third largest company in the world by market capitalization putting it ahead of both Amazon and Google.
Price Action -
- ANALYSTS OPINIONS: Rosenblatt Securities: $1400, Truist Securities: $1177, KeyBanc Capital: $1200, HSBC: $1050
- STOCK PRICE POTENTIAL: NVIDIA was last trading at $880, with Rosenblatt Securities targeting $1400, indicating a potential upside of ~59% if these forecasts materialize. However, the price could also decline further.
Nvidia, April 8, 2024
Current Price:880.00
NVIDIA |
Weekly |
Trend direction |
|
1400.00 |
|
1100.00 |
|
950.00 |
|
820.00 |
|
810.00 |
|
800.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
Profit or loss in $ |
520,000.00 |
220,000.00 |
70,000.00 |
-60,000.00 |
-70,000.00 |
-80,000.00 |
Profit or loss in €² |
480,161.04 |
203,145.05 |
64,637.06 |
-55,403.20 |
-64,637.06 |
-73,870.93 |
Profit or loss in £² |
411,869.77 |
174,252.59 |
55,444.01 |
-47,523.43 |
-55,444.01 |
-63,364.58 |
Profit or loss in C$² |
706,927.00 |
299,084.50 |
95,163.25 |
-81,568.50 |
-95,163.25 |
-108,758.00 |
- 1.00 lot is equivalent of 1000 units
- Calculations for exchange rate used as of 10:50 (GMT+1) 08/04/2024
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