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, KeyBanc Capital: $1200, Evercore: $1160
- STOCK PRICE POTENTIAL: NVIDIA was last trading at $760, with Rosenblatt Securities targeting $1400, indicating a potential upside of ~84% should these forecasts materialize. However, the price could also decline further.
Nvidia, April 22, 2024
Current Price: 760.00
|
NVIDIA |
Weekly |
|
Trend direction |
|
|
1400.00 |
|
|
1000.00 |
|
|
835.00 |
|
|
700.00 |
|
|
695.00 |
|
|
690.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
Profit or loss in $ |
640,000.00 |
240,000.00 |
75,000.00 |
-60,000.00 |
-65,000.00 |
-70,000.00 |
|
Profit or loss in €² |
601,427.45 |
225,535.29 |
70,479.78 |
-56,383.82 |
-61,082.48 |
-65,781.13 |
|
Profit or loss in £² |
519,494.43 |
194,810.41 |
60,878.25 |
-48,702.60 |
-52,761.15 |
-56,819.70 |
|
Profit or loss in C$² |
878,192.00 |
329,322.00 |
102,913.13 |
-82,330.50 |
-89,191.38 |
-96,052.25 |
- 1.00 lot is equivalent of 1000 units
- Calculations for exchange rate used as of 13:45 (GMT+1) 22/04/2024
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