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 NOTE: PREVIOUS PERFORMANCE IS NOT A GURANTEE OF FUTURE PERFORMANCE**
Price Action -
- ANALYSTS OPINION: Rosenblatt Securities: $1400, KeyBanc Capital: $1200, Evercore: $1160
- STOCK PRICE POTENTIAL: NVIDIA was last trading at $835, with Rosenblatt Securities targeting $1400, indicating a potential upside of ~68% should these forecasts materialize. However, the price could also decline further.
Nvidia, April 24, 2024
Current Price: 835.00
NVIDIA |
Weekly |
Trend direction |
|
1400.00 |
|
1000.00 |
|
890.00 |
|
790.00 |
|
770.00 |
|
750.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
Profit or loss in $ |
565,000.00 |
165,000.00 |
55,000.00 |
-45,000.00 |
-65,000.00 |
-85,000.00 |
Profit or loss in €² |
528,501.67 |
154,341.20 |
51,447.07 |
-42,093.05 |
-60,801.08 |
-79,509.10 |
Profit or loss in £² |
453,900.94 |
132,555.14 |
44,185.05 |
-36,151.40 |
-52,218.69 |
-68,285.98 |
Profit or loss in C$² |
774,304.25 |
226,124.25 |
75,374.75 |
-61,670.25 |
-89,079.25 |
-116,488.25 |
- 1.00 lot is equivalent of 1000 units
- Calculations for exchange rate used as of 14:55 (GMT+1) 24/04/2024
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