Nvidia (#NVDA)
July 9, 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:
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.
EVENTS & ANALYSIS:
- NVIDIA CEO JENSEN HUANG SPEAKS AT SIGGRAPH CONFERENCE, JULY 29, 2024, 21:30 GMT+1 – On the 29th of July, Nvidia CEO Jensen Huang is expected to speak at the SIGGRAPH conference. The CEO is expected to talk about AI, graphics and the new computing revolution, which Nvidia aims to be an integral part of. The conference could reveal important details regarding Nvidia’s outlook and may even discuss industry expectations, all of which could influence the price of the stock.
- NVIDIA Q2 EARNINGS REPORT (EXPECTED AUGUST 23, 2024 – AFTERMARKET): Nvidia is expected to report second quarter earnings and revenue. Revenue is expected to come in at $28.44B which would be a year-on-year increase of 110% and EPS is expected to come in at $0.64 a share, which would be an increase of 156% Year-on-Year.
- NVIDIA IS EXPECTED TO CONTINUE ITS SUBSTANTIAL GROWTH MOMENTUM –
Source: Bloomberg
OTHER NEWS –
- NVIDIA SHARES ADDED NEARLY $1 TRILLION IN VALUE TO THE S&P 500 IN THE SECOND QUARTER ALONE – According to the most recent reports, Nvidia’s stock value added almost $1 Trillion over the second quarter period. The significant value add reaffirms Nvidia’s momentum, as wall street banks continue to forecast higher price targets.
- NVIDIA CONTINUES TO REMAIN ONE OF THE LARGEST COMPANIES IN THE WORLD, NOW WORTH AROUND $3.14 TRILLION: Nvidia continues to remain one of the largest companies in the world 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.
Price Action –
- ANALYSTS OPINIONS: KeyBanc: $180, Rosenblatt Securities: $200, Wells Fargo: $155,
- STOCK PRICE POTENTIAL: NVIDIA was last trading at $129, with Rosenblatt Securities targeting $200 indicating a potential upside of ~55% should these forecasts materialize. However, the price could also decline further.
Nvidia, July 9, 2024
Current Price: 129.00
|
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 $ |
71,000.00 |
41,000.00 |
21,000.00 |
-14,000.00 |
-19,000.00 |
-24,000.00 |
|
Profit or loss in €² |
65,598.31 |
37,880.71 |
19,402.32 |
-12,934.88 |
-17,554.48 |
-22,174.08 |
|
Profit or loss in £² |
55,419.39 |
32,002.75 |
16,391.65 |
-10,927.77 |
-14,830.54 |
-18,733.32 |
|
Profit or loss in C$² |
96,845.78 |
55,925.03 |
28,644.53 |
-19,096.35 |
-25,916.48 |
-32,736.60 |
- 1.00 lot is equivalent of 1000 units
- Calculations for exchange rate used as of 10:50 (GMT+1) 09/07/2024
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.
