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 & Analysis:
- EVENT (STOCK SPLIT: 10 TO 1): EFFECTIVE ON MONDAY JUNE 10TH, 2024: At Nvidia’s Q1 earnings report, the company announced that it would undertake a 10-for-1 stock split, with the split effective for trading on June 10th. Generally, investors view stock splits as a sign of confidence by management, because splits happen more often in stocks that have bullish momentum. Splits also increase liquidity by making shares more accessible to a wider range of investors.
- NVIDIA STOCK SPLIT HISTORY
Data Source: Yahoo.Finance
*Please note that past performance does not guarantee future results
- NVIDIA HAS OUTPERFORMED ALL OF ITS PEERS SINCE THE BEGINNING OF 2024 –
SOURCE: Bloomberg
Please note that the past performance does not guarantee future results.
Price Action -
- ANALYSTS OPINIONS: Rosenblatt Securities: $1400, HSBC: $1350, Evercore: $1160, Goldman Sachs: $1100
- STOCK PRICE POTENTIAL: NVIDIA was last trading at $1100, with Rosenblatt Securities targeting $1400, indicating a potential upside of ~40% should these forecasts materialize. However, the price could also decline further.
Nvidia, May 28, 2024
Current Price: 1100.00
|
NVIDIA |
Weekly |
|
Trend direction |
|
|
1500.00 |
|
|
1400.00 |
|
|
1230.00 |
|
|
1000.00 |
|
|
980.00 |
|
|
950.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
Profit or loss in $ |
400,000.00 |
300,000.00 |
130,000.00 |
-100,000.00 |
-120,000.00 |
-150,000.00 |
|
Profit or loss in €² |
367,990.36 |
275,992.77 |
119,596.87 |
-91,997.59 |
-110,397.11 |
-137,996.38 |
|
Profit or loss in £² |
313,356.84 |
235,017.63 |
101,840.97 |
-78,339.21 |
-94,007.05 |
-117,508.81 |
|
Profit or loss in C$² |
545,020.00 |
408,765.00 |
177,131.50 |
-136,255.00 |
-163,506.00 |
-204,382.50 |
- 1.00 lot is equivalent of 1000 units
- Calculations for exchange rate used as of 10:30 (GMT+1) 28/05/2024
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