Nvidia (#NVDA) Weekly Special Report based on 1 Lot Calculation:
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’S MOST RECENT POST-STOCK SPLIT PERFORMANCE WAS STRONG, THE STOCK ROSE ~86% IN THE FIRST FOUR MONTHS AFTER THE STOCK SPLIT IN 2021 (July 2020- November 2021 from $186.24 to $346) (Data Source: Meta Trader 4 Platform).
*Please note that past performance does not guarantee future results
- NVIDIA STOCK SPLIT HISTORY
Data Source: Yahoo.Finance
*Please note that past performance does not guarantee future results
- NVIDIA IS EXPECTED TO CONTINUE ITS SUBSTANTIAL GROWTH MOMENTUM –
OTHER NEWS –
- NVIDIA OVERTAKES APPLE, BECOMING THE SECOND LARGEST COMPANY IN THE WORLD, NOW WORTH OVER $3 TRILLION: Nvidia has overtaken Apple as the second most valuable company in the world, as the company capitalizes on the AI boom. With growth expected to remain robust, the company may even exceed Microsoft’s market cap, which could make it the most valuable in the world.
- ACCORDING TO RECENT REPORTS, NVIDIA MAY BECOME PART OF THE DOW JONES 30 AFTER ITS STOCK SPLIT: According to recent reports, Nvidia could replace Intel on the Dow Jones index after its stock split. If this materializes, Nvidia would join a very small group of companies that share that title. The companies include Amazon, Apple, Cisco, Honeywell and Microsoft.
Price Action –
- ANALYSTS OPINIONS: Bank of America: $150, Rosenblatt Securities: $140, Barclays: $145,
- STOCK PRICE POTENTIAL: NVIDIA was last trading at $120, with Bank of America targeting $150 indicating a potential upside of ~25% should these forecasts materialize. However, the price could also decline further.
Nvidia, June 10, 2024
Current Price: 120.00
|
NVIDIA |
Weekly |
|
Trend direction |
|
|
155.00 |
|
|
150.00 |
|
|
140.00 |
|
|
110.00 |
|
|
105.00 |
|
|
100.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
Profit or loss in $ |
35,000.00 |
30,000.00 |
20,000.00 |
-10,000.00 |
-15,000.00 |
-20,000.00 |
|
Profit or loss in €² |
32,598.02 |
27,941.16 |
18,627.44 |
-9,313.72 |
-13,970.58 |
-18,627.44 |
|
Profit or loss in £² |
27,564.26 |
23,626.51 |
15,751.01 |
-7,875.50 |
-11,813.26 |
-15,751.01 |
|
Profit or loss in C$² |
48,219.15 |
41,330.70 |
27,553.80 |
-13,776.90 |
-20,665.35 |
-27,553.80 |
- 1.00 lot is equivalent of 1000 units
- Calculations for exchange rate used as of 10:35 (GMT+1) 10/06/2024
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