Nvidia (#NVDA)
April 22, 2024
Risk Disclaimer: The example below is for illustrative purposes only and is based on price movements derived from Contracts for Difference (CFDs). The calculations reflect hypothetical outcomes using historical or specified price data for the relevant instrument on the stated date and are not indicative of future performance. Any reliance placed on this material is strictly at the user’s own risk.
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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- You may wish to consider closing your position in profit, even if it is lower than suggested one
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