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.
- NVIDIA’S LATEST PRODUCT PIPELINE FOR THE AI CHIP SECTOR: Nvidia’s CEO said the company now plans to release a new family of AI chips every year, accelerating its prior release schedule of roughly every two years. The current pipeline includes the Blackwell chip, set for release in 2024; The Blackwell Ultra, set for 2025; The Rubin chip, set for 2026 and the Rubin Ultra, set for 2027.
EVENT:
- NVIDIA 10:1 STOCK SPLIT COMPLETED (JUNE 10, 2024): Nvidia recently completed a 10:1 stock split, in which each shareholder received 10 shares per existing share held. Since conducting the stock split, the stock is trading around 8.3% higher.
ANALYSIS:
- NVIDIA’S MOST RECENT POST-STOCK SPLIT PERFORMANCE WAS STRONG (July 20, 2021): 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 –
Source: Bloomberg
OTHER NEWS –
- NVIDIA BECOMES THE LARGEST COMPANY IN THE WORLD, NOW WORTH AROUND $3.34 TRILLION: Nvidia has overtaken Apple and Microsoft in terms of market capitalization, making it the most valuable company in the world. The company has increased its market value by almost 200% since the beginning of 2024.
- 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: Wells Fargo: $155, Rosenblatt Securities: $200, Barclays: $145,
- STOCK PRICE POTENTIAL: NVIDIA was last trading at $130, with Rosenblatt Securities targeting $200 indicating a potential upside of ~54% should these forecasts materialize. However, the price could also decline further.
Nvidia, June 21, 2024
Current Price: 130.00
|
NVIDIA |
Weekly |
|
Trend direction |
|
|
200.00 |
|
|
170.00 |
|
|
150.00 |
|
|
115.00 |
|
|
110.00 |
|
|
105.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
Profit or loss in $ |
70,000.00 |
40,000.00 |
20,000.00 |
-15,000.00 |
-20,000.00 |
-25,000.00 |
|
Profit or loss in €² |
65,466.45 |
37,409.40 |
18,704.70 |
-14,028.52 |
-18,704.70 |
-23,380.87 |
|
Profit or loss in £² |
55,304.71 |
31,602.69 |
15,801.35 |
-11,851.01 |
-15,801.35 |
-19,751.68 |
|
Profit or loss in C$² |
95,816.35 |
54,752.20 |
27,376.10 |
-20,532.08 |
-27,376.10 |
-34,220.13 |
- 1.00 lot is equivalent of 1000 units
- Calculations for exchange rate used as of 09:55 (GMT+1) 21/06/2024
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