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 Messe is 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: $1100, HSBC: $1050
- STOCK PRICE POTENTIAL: NVIDIA was last trading at $940, with Rosenblatt Securities targeting $1400, indicating a potential upside of ~49% should these forecasts materialize. However, the price could also decline further.
Nvidia, March 25, 2024
Current Price:940.00
|
NVIDIA |
Weekly |
|
Trend direction |
|
|
1400.00 |
|
|
1100.00 |
|
|
1020.00 |
|
|
870.00 |
|
|
850.00 |
|
|
820.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
Profit or loss in $ |
460,000.00 |
160,000.00 |
80,000.00 |
-70,000.00 |
-90,000.00 |
-120,000.00 |
|
Profit or loss in €² |
424,771.57 |
147,746.63 |
73,873.32 |
-64,639.15 |
-83,107.48 |
-110,809.97 |
|
Profit or loss in £² |
363,931.25 |
126,584.78 |
63,292.39 |
-55,380.84 |
-71,203.94 |
-94,938.59 |
|
Profit or loss in C$² |
625,163.00 |
217,448.00 |
108,724.00 |
-95,133.50 |
-122,314.50 |
-163,086.00 |
- 1.00 lot is equivalent of 1000 units
- Calculations for exchange rate used as of 12:00 (GMT) 25/03/2024
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