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 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.
Earnings Period |
Percentage Change in price |
Q1 23' |
24.50% |
Q2 23' |
10.50% |
Q3 23' |
-2.40% |
Q4 23' |
15.00% |
AVERAGE |
11.90% |
SOURCE: MT4 PLATFORM
**PLEASE NOTES: PREVIOUS PERFORMANCE IS NOT A GURANTEE OF FUTURE PERFORMANCE**
Price Action -
- ANALYSTS OPINIONS: Rosenblatt Securities: $1400, HSBC: $1350, Evercore: $1160, Goldman Sachs: $1100
- STOCK PRICE POTENTIAL: NVIDIA was last trading at $915, with Rosenblatt Securities targeting $1400, indicating a potential upside of ~53% should these forecasts materialize. However, the price could also decline further.
Nvidia, May 15, 2024
Current Price: 915.00
NVIDIA |
Weekly |
Trend direction |
|
1400.00 |
|
1250.00 |
|
1000.00 |
|
840.00 |
|
830.00 |
|
810.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
Profit or loss in $ |
485,000.00 |
285,000.00 |
85,000.00 |
-75,000.00 |
-85,000.00 |
-105,000.00 |
Profit or loss in €² |
446,794.59 |
262,549.40 |
78,304.21 |
-69,091.95 |
-78,304.21 |
-96,728.73 |
Profit or loss in £² |
383,895.39 |
225,588.01 |
67,280.64 |
-59,365.27 |
-67,280.64 |
-83,111.37 |
Profit or loss in C$² |
660,620.93 |
388,199.93 |
115,778.93 |
-102,157.88 |
-115,778.93 |
-143,021.03 |
- 1.00 lot is equivalent of 1000 units
- Calculations for exchange rate used as of 13:40 (GMT+1) 15/05/2024