Nvidia (#NVDA) weekly special report based On 1 Lot Calculation:
- AI: CHATGPT SPARKS AI COMPETITION AMONGST MAJOR TECH FIRMS, FUELLING DEMAND FOR NVIDIA AI PROCESSING PRODUCTS: According to reports, Microsoft, Alphabet and Meta are set to invest $90B into AI technology development. Nvidia holds around 86% of the AI Processing market as of Q4 22. OpenAi, the company that invented ChatGPT, used Nvidia GPU chips to create it.
- 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 and Analysis:
- EVENT: EARNINGS Q3 2023, NOVEMBER 21, 2023 (CONFIRMED AFTERMARKET): Nvidia will report Q3 earnings, with revenue anticipated to grow 18% quarter over quarter. If Nvidia were to achieve the analyst forecasted Net income, it could be an increase 31% quarter on quarter.
- NVIDIA ANNOUNCES THAT IT WILL TRIPLE PRODUCTION OF ITS CURRENTLY MOST POPULAR H100 CHIP NEXT YEAR, WHICH IS SET TO REACH 2 MILLION UNITS NEXT YEAR: Nvidia is set to upscale its production of the H100 chip due to extremely high demand for the company’s chips, as the artificial intelligence sector goes through exponential growth.
- NVIDIA INTRODUCES MOST ADVANCED ARTIFICIAL INTELLIGENCE CHIP, SET FOR RELEASE IN 2024: Nvidia has announced its latest H200 chip, the most advanced artificial intelligence chip set for the market. With demand for Nvidia chips, development of more advanced products could improve Nvidia’s revenue and earnings, while also diversifying their revenue stream.
- NVIDIA ENTERS NEW CHIP PRODUCTION SEGMENT IN BID TO IMPROVE DATA CENTER BUSINESS, SET TO CHALLENGE INTEL FOR DOMINANCE: Nvidia is set to start producing CPU chips in collaboration with ARM, while also combining the chips with its own GPU technology. Dubbed the “Super chip”, the GH200 is set to become a state of the art product that no other manufacturer has yet produced.
Price Action -
- ANALYSTS OPINIONS: HSBC has a price target of $800. BNP is targeting $745. Barclays is targeting $650. Morgan Stanley is targeting $600. The Bloomberg Consensus target is $640.
- STOCK PRICE POTENTIAL: NVIDIA was last trading at $495, with the Bloomberg consensus targeting $640, indicating a potential upside of about 29% should these forecasts materialize. However, the price could decline further.
Nvidia, November 15, 2023
Current Price: 495
NVIDIA |
Weekly |
Trend direction |
|
700.00 |
|
600.00 |
|
525.00 |
|
465.00 |
|
450.00 |
|
420.00 |
Example of calculation based on weekly trend direction for 1 Lot1
NVIDIA |
||||||
Pivot Points |
||||||
Profit or loss in $ |
205,000.00 |
105,000.00 |
30,000.00 |
-30,000.00 |
-45,000.00 |
-75,000.00 |
Profit or loss in €2 |
188,865.24 |
96,735.86 |
27,638.82 |
-27,638.82 |
-41,458.22 |
-69,097.04 |
Profit or loss in £2 |
164,488.86 |
84,250.39 |
24,071.54 |
-24,071.54 |
-36,107.31 |
-60,178.85 |
Profit or loss in C$2 |
280,903.30 |
143,877.30 |
41,107.80 |
-41,107.80 |
-61,661.70 |
-102,769.50 |
- 1.00 lot is equivalent of 1 000 units
- Calculations for exchange rate used as of 11:30(GMT) 15/11/2023
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