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 $861, with Rosenblatt Securities targeting $1400, indicating a potential upside of ~62% should these forecasts materialize. However, the price could also decline further.
Nvidia, April 29, 2024
Current Price:861.00
NVIDIA |
Weekly |
Trend direction |
|
1400.00 |
|
1000.00 |
|
970.00 |
|
760.00 |
|
750.00 |
|
740.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
Profit or loss in $ |
539,000.00 |
139,000.00 |
109,000.00 |
-101,000.00 |
-111,000.00 |
-121,000.00 |
Profit or loss in €² |
503,983.24 |
129,969.70 |
101,918.69 |
-94,438.42 |
-103,788.76 |
-113,139.10 |
Profit or loss in £² |
430,466.49 |
111,010.84 |
87,051.66 |
-80,662.55 |
-88,648.94 |
-96,635.33 |
Profit or loss in C$² |
736,290.17 |
189,878.17 |
148,897.27 |
-137,969.03 |
-151,629.33 |
-165,289.63 |
- 1.00 lot is equivalent of 1000 units
- Calculations for exchange rate used as of 14:40 (GMT+1) 29/04/2024