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NVIDIA Corporation

NVIDIA Corporation (NVDA)

877.57
0.22
(0.03%)
Closed April 29 4:00PM
871.00
-6.57
( -0.75% )
Pre Market: 6:19AM

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Key stats and details

Current Price
871.00
Bid
870.40
Ask
871.00
Volume
73,366
0.00 Day's Range 0.00
272.40 52 Week Range 974.00
Market Cap
Previous Close
877.57
Open
-
Last Trade
28
@
870.89
Last Trade Time
06:19:13
Financial Volume
-
VWAP
-
Average Volume (3m)
53,626,627
Shares Outstanding
2,500,000,000
Dividend Yield
0.02%
PE Ratio
73.72
Earnings Per Share (EPS)
11.9
Revenue
60.92B
Net Profit
29.76B

About NVIDIA Corporation

Nvidia is the top designer of discrete graphics processing units that enhance the experience on computing platforms. The firm's chips are used in a variety of end markets, including high-end PCs for gaming, data centers, and automotive infotainment systems. In recent years, the firm has broadened it... Nvidia is the top designer of discrete graphics processing units that enhance the experience on computing platforms. The firm's chips are used in a variety of end markets, including high-end PCs for gaming, data centers, and automotive infotainment systems. In recent years, the firm has broadened its focus from traditional PC graphics applications such as gaming to more complex and favorable opportunities, including artificial intelligence and autonomous driving, which leverage the high-performance capabilities of the firm's products. Show more

Sector
Semiconductor,related Device
Industry
Semiconductor,related Device
Website
Headquarters
Wilmington, Delaware, USA
Founded
1970
NVIDIA Corporation is listed in the Semiconductor,related Device sector of the NASDAQ with ticker NVDA. The last closing price for NVIDIA was $877.57. Over the last year, NVIDIA shares have traded in a share price range of $ 272.40 to $ 974.00.

NVIDIA currently has 2,500,000,000 shares outstanding. The market capitalization of NVIDIA is $2.19 trillion. NVIDIA has a price to earnings ratio (PE ratio) of 73.72.

NVIDIA (NVDA) Options Flow Summary

Overall Flow

Bullish

Net Premium

2B

Calls / Puts

265.10%

Buys / Sells

114.82%

OTM / ITM

71.09%

Sweeps Ratio

0.03%

NVDA Latest News

Philips Stocks Soar 47% Following US Deal, Tesla Bolsters Presence in China, and More News

Philips (NYSE:PHG) – Philips’ stock soared 47.1% in pre-market trading after announcing a $1.1 billion deal to resolve U.S. claims related to a respiratory device recall. Analysts...

BHP Bids $38.8 Billion for Anglo American; Biden Unveils Historic Micron Technology Deal, and More News

BHP (NYSE:BHP), Anglo American (LSE:AAL) – BHP announced a $38.8 billion bid for Anglo American, boosting the latter’s shares by 12.4%. The proposal, aiming to create the...

Apple Loses Market Share in China, GM Surges in Pre-Market Following Upward Revisions for 2024 Projections, and More News

Apple (NASDAQ:AAPL) – Smartphone shipments from Apple in China fell 19% in the first quarter due to competition from Huawei. Its market share decreased to 15.7%, nearly matching that of...

U.S. Index Futures Surge While Wall Street Eyes Rebound on Earnings Focus, Oil Prices Slip

U.S. index futures saw significant gains in Monday’s pre-market trading, signaling a potential stabilization on Wall Street after a six-session streak of losses for the S&P 500 and the...

Li Auto Stock Drops 7.3% Amid Tesla Price Cuts, Salesforce Retreats from Informatica Deal, and Other Market Updates

Salesforce (NYSE:CRM), Informatica (NYSE:INFA) – Salesforce has withdrawn from negotiations to acquire Informatica due to disagreements over terms, according to Reuters. The discussions...

Nasdaq, S&P 500 Extend Losing Streaks On Tech Weakness But Dow Advances

With technology stocks under pressure, the Nasdaq showed a substantial move to the downside during trading on Friday, extending its recent losing streak. The S&P 500 also saw further...

Traders May Make Another Attempt At Bargain Hunting

The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks likely to move back to the upside after ending yesterday’s volatile session mostly lower...

Apple to Invest $250 Million in Singapore Expansion, Oracle Commits $8 Billion to Japan Infrastructure, and More News

Apple (NASDAQ:AAPL) – Apple plans to invest over $250 million to expand its operations in Ang Mo Kio, Singapore, with two buildings acquired in 2022 undergoing a major upgrade. CEO Tim Cook...

United Shares Surge 5.3% in Q1 2024 Earnings Beat; Take-Two Cuts 5% of Workforce, and More News

United Airlines (NASDAQ:UAL) – United Airlines forecasts an adjusted profit of between $3.75 and $4.25 per share for the June quarter. In the first quarter, it posted an adjusted loss of 15...

Delta Generates US$37 Million Profit in Q1, Google and Intel Unveil Cutting-Edge AI Chips, and More News

Delta Air Lines (NYSE:DAL) – Delta Airlines reported a first-quarter profit of $37 million, a significant increase compared to the $363 million loss from the previous year. With adjusted...

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NVDA Discussion

View Posts
rolvram rolvram 10 hours ago
https://blogs.nvidia.com/blog/blackwell-auto-ecosystem-gtc/
👍️0
JJ8 JJ8 10 hours ago
It's ok. Tesla share price appears today trying to mimic NVIDIA share habit, hopefully!
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Dallas-Cowboys Dallas-Cowboys 10 hours ago
That’s okay same question pertains
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rolvram rolvram 10 hours ago
Posted to wrong board, should be Tesla board
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Dallas-Cowboys Dallas-Cowboys 11 hours ago
I’m not sure is Ford using Nvidia’s technology
👍️0
rolvram rolvram 12 hours ago
The National Highway Traffic Safety Administration (NHTSA) has launched an investigation into Ford's BlueCruise hands-free driving technology after two fatal crashes involving Mustang Mach-E electric SUVs.

👍️0
Jetmek_03052 Jetmek_03052 14 hours ago
Yes. Thanks.

It looks like some don't know the reporting periods.
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cadillacdave cadillacdave 14 hours ago
People splitting hairs here and making a big deal about nothing.

Ask the chart master. He will have the dates plotted on a map and provide the probability of the dates, with a high degree of accuracy. ;)
👍️0
Dallas-Cowboys Dallas-Cowboys 14 hours ago
Yes they are a month after probably 95% of the companies, I’m not sure why I guess when they started the company
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Jetmek_03052 Jetmek_03052 14 hours ago
Really. Well, point out where I am going wrong - please.

Does the fiscal year for NVDA end in January? That's what the last 10K published states. And the one before that. And the one before that.

Am I wrong? If so, straighten me out.
👍️0
JJ8 JJ8 15 hours ago
If that's true, indeed NVIDIA Corp must be a unique company in more than one way! Thanks for the info.
👍️0
Jetmek_03052 Jetmek_03052 15 hours ago
I believe I do. Do you?
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Jetmek_03052 Jetmek_03052 15 hours ago
No. Where did I say that? I don't believe I did.....

Looking at the past filings - The end of year for NVDA is at the end of January, no?

Q1 = Feb-Mar-April, Reported in May. Yes?
Q2 = May-Jun-Jul, Reported in Aug. Yes?
Q3 = Aug-Sep-Oct, Reported in Nov. Yes?
Q4 = Nov-Dec-Jan, Reported in Feb. Yes?

I said the end of Q1 is April 30th, no?

I said that NVDA came out with a PR regarding Q1 last year on May 24th, no?

Where did I say Q1 included Jan?
👍️0
swingingRichard swingingRichard 15 hours ago
“Q1 ends tomorrow, correct?” You mean you don’t know your investment’s fiscal calendar?
👍️0
JJ8 JJ8 15 hours ago
Are you saying Q1 includes Jan, Feb, March... plus April, as well?
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Jetmek_03052 Jetmek_03052 17 hours ago
Q1 ends tomorrow, correct? They will come out with a PR announcing earnings about the third week in May (last Q1 PR came out on May 24th). I think we'll see more stellar news and the share price will continue up after we see it. Just a few weeks to wait and see.
👍️0
cadillacdave cadillacdave 17 hours ago
From January through March, the analysts were playing catch up, with the share price. I think that will happen again, in the next few months.
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Dallas-Cowboys Dallas-Cowboys 18 hours ago
That would be better
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cadillacdave cadillacdave 18 hours ago
Trading in a much tighter range today. Getting ready for the next move up.

This is what my chart tells me, (but it could be wrong based on various market conditions, geo-political tensions and what side of the bed I woke up on).
👍️0
DiscoverGold DiscoverGold 19 hours ago
$NVDA Millions Worth of Calls Out the Gates
By: Cheddar Flow | April 29, 2024

• $TSLA & $NVDA Millions Worth of Calls Out the Gates



Read Full Story »»»

DiscoverGold
👍️0
JJ8 JJ8 19 hours ago
April 29 2024 - 7:11AM IH Market News

Nvidia (NASDAQ:NVDA) – Nvidia’s chips are at the forefront of the artificial intelligence revolution. While CEO, Jensen Huang, sees AI as a transformative change, he does not anticipate the complete replacement of human jobs. Huang emphasizes that AI will drive business growth, leading to more hiring, and highlights the continued importance of human presence in various areas.
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cadillacdave cadillacdave 19 hours ago
It may be 50% in the next 6 months.
👍️0
cadillacdave cadillacdave 19 hours ago
I like the part about Biden's replacement. More on that please!
👍️0
Dallas-Cowboys Dallas-Cowboys 21 hours ago
Thanks for the articles I always enjoy them
👍️0
Dallas-Cowboys Dallas-Cowboys 21 hours ago
I think he is a little low on the 50 percent in 2 years good article
👍️0
rolvram rolvram 21 hours ago
RXRX using Nvidia processors looks to have vertical potential
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rolvram rolvram 21 hours ago
Melius Research Raises Price Target on NVIDIA to $1,125 From $1,000, Buy Rating Maintained
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rolvram rolvram 22 hours ago
Why Nvidia Stock Is STILL a Bargain for Long-Term Investors
There are many reasons to focus on Nvidia as a future AI winner, and here are three

2h ago · By Chris MacDonald, InvestorPlace Contributor
Nvidia (NVDA) recently bought GPU orchestration software provider Run.ai for $7900 million, expanding its AI capabilities.
The company’s move to improve on Microsoft’s Phi-3 mini language models is worth considering.
A variety of other companies are choosing Nvidia for both hardware and software, supporting its long-term thesis.
Elon Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.
Nvidia - Why Nvidia Stock Is STILL a Bargain for Long-Term Investors
Source: Ascannio / Shutterstock.com

Nvidia (NASDAQ:NVDA) stock has seen a 16% drop this month, but remains a buy on the dips. Despite the recent decline, its year-to-date increase of 65% makes it one of the top AI stocks long-term investors continue to buy. Investors should focus on the company’s upcoming earnings report for insight into its growth outlook and AI spend.

The company is a leading AI supplier, providing hardware and software for AI development. Investors see Nvidia as a top pure-play option for this industry. Here are three catalysts to consider when analyzing Nvidia.

Elon Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.


Run.ai Acquisition
Recently, Nvidia acquired Run:ai, an Israeli startup specializing in GPU orchestration software. This goal of this move appears to be to boost Nvidia’s AI computing resource management.

The deal details, including the acquisition cost, remain undisclosed. Run:ai provides an open platform built on Kubernetes, enabling efficient management of compute infrastructure across various environments.

The acquisition provides customers a centralized interface for managing shared compute infrastructure, streamlining access to AI workloads. Run:ai’s platform enables efficient GPU cluster resource utilization through pooling and sharing.

Nvidia plans to maintain Run:ai’s products and align its roadmap with its DGX Cloud AI platform, benefiting customers with generative AI deployments.

Since 2020, Run:ai has collaborated closely with Nvidia, and the acquisition solidifies this partnership. This acquisition aligns with NVIDIA’s AI infrastructure goals.

Biden’s Replacement Named?
Did Democrats just name Biden’s replacement for 2024?

Louis Navellier predicts this “shadow candidate” could upend the entire election.

Click here to reveal.

Improving Microsoft’s Phi-3
Nvidia announced plans to contribute to Microsoft’s (NASDAQ:MSFT) Phi-3 mini language model with the company’s TensorRT-LLM. This library optimizes large language model inference on NVIDIA GPUs, from PCs to cloud servers.

Phi-3 Mini handles 10 times larger models than its predecessor, Phi-2, making it suitable for broader applications. With 3.8 billion parameters and trained on 3.3 trillion tokens in just seven days, Phi-3 Mini introduces two variants, setting a new standard for handling more complex tasks with less compute resources required.

The integration of Phi-3 Mini extends to robotics and edge devices, offering efficient generative AI capabilities. With 3.8 billion parameters, Phi-3 Mini is perfect for edge devices, maintaining performance while conserving resources.

TensorRT-LLM supports Phi-3 Mini’s advanced context window, boosting throughput with optimizations like LongRoPE and inflight batching.

AI Popularity in Synthesia
Synthesia, an AI firm backed by Nvidia, introduced new AI-generated digital avatars that express human emotions from text inputs. These “expressive avatars” bridge virtual and real characters, aiming to cut costs in video production by eliminating cameras, actors, and lengthy edits.

Elon Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In.


Synthesia’s London studio trained the system with actors reading scripts in front of a green screen.

The video AI platform demonstrated AI-generated avatars responding to text input with corresponding emotions.

The technology serves over 55,000 businesses, including half of the Fortune 100. Synthesia, a unicorn firm, raised $90 million last year from investors like Accel and Kleiner Perkins.

Bottom Line
Overall, Nvidia remains the top option for investors looking to gain picks-and-shovels exposure to the AI race. The company’s hardware and software products are becoming increasingly integral to any operator in this space.

As Nvidia’s client base and market share grows, so too does its pricing power and market dominance.

Until AI spend cools down considerably, Nvidia is likely to have much more room to climb higher. This remains a top stock growth investors may want to buy on dips (it’s not expensive at all on a forward-looking basis, and I thought I’d never say that).
👍️0
rolvram rolvram 1 day ago
Meet the fund manager: Stephen Yiu on Meta, Nvidia and cashing in on the AI boom
BY:ELLIOT GULLIVER-NEEDHAM

Stephen Yiu, manager of Blue Whale Growth fund.
In this weekly series, investment reporter Elliot Gulliver-Needham sits down with a fund manager for a Q&A. This week, we’re hearing from Stephen Yiu, manager of Blue Whale Growoptith fund.

This is a transcript from an interview you can watch online. It has been edited for length and clarity.

How has your fund evolved since its launch?
So the fund was launched back in September 2017, and what has been quite interesting is that we started off investing a lot in digital transformations. I’m sure people will recall during the pandemic about e-commerce, digital advertising, software, cloud, digital payments, etc.

But what has changed is in 2022, we recognised there had been a regime change on the back of the Ukraine crisis and interest rates staying higher for longer. At the same time, geopolitical risks remain uncertain, so that will lead to certain reshoring opportunities.

Which stock in your portfolio are you most excited about right now?
I think one area that has not been well spoken about is our exposure within the semiconductor equipment space. We have both Lam Research and Applied Research in our top 10, and what these companies do is they sell mission critical equipment into the foundries.

If you’ve been reading the news about geopolitical uncertainty in Asia, currently Taiwan produces over 90 per cent of our high end semiconductors. So what has happened over the last couple of years is we started with the CHIPS Act in the US, which was about $50bn of tax subsidies, and we have the same amount of money in the European Union.

So we have over $100bn worth of tax subsidies to incentivise companies like Intel, TSMC, or Samsung to build new foundries anywhere outside of Taiwan, and if you are selling the mission critical equipment, you’re actually benefitting from some of the geopolitical uncertainty and you end up selling more of your equipment into the new foundries.

You’ve been a big advocate for Nvidia. How far do you see the company growing?
The reason Nvidia has managed to become so big today is about the opportunity for generative AI. So people would have used the likes of Chat GPT or Office 365 Copilot.


Without the GPU [graphics processing units] that Nvidia have got, we would not have any of the applications we’re talking about today. Everyone is paying Nvidia in order to power their applications.

We would not be surprised if at some point Nvidia is the biggest company in the world. Currently, it is only $1 trillion short of Microsoft, about $500bn short from Apple. It’s already bigger than Google and Amazon.

I think the question for us as an investment manager is about upside potential. So if you think Nvidia is going from $2 trillion to £3 trillion in a period of around two years, then you are making about 50 per cent.

So from our perspective, we always want to optimise our performance potential, so if we can make 50 per cent in two years, that’s great. But if we have something better that we can make 50 per cent in one year, then we would rather have a bigger position in that company.

👍️0
Dallas-Cowboys Dallas-Cowboys 1 day ago
The interview was good I guess my expectations were high thinking maybe something big would happen but deep down knowing it wouldn’t. It was good for those people that never heard of Nvidia might say Huh
👍️0
rolvram rolvram 1 day ago
https://www.cbsnews.com/news/meet-nvida-ceo-jensen-huang-company-powering-ai-today-60-minutes-transcript/
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cadillacdave cadillacdave 2 days ago
The state oil fund looks like it is well invested, in solid companies. The Magnificent Seven strike again!
👍️0
rolvram rolvram 2 days ago
The State Oil Fund of Azerbaijan (SOFAZ) has acquired shares in Tesla, Intel, Microsoft, Apple, NVIDIA, Amazon, and Meta

The State Oil Fund of Azerbaijan has invested in shares of global giants Tesla and Intel, according to a statement from the Fund.

AzeMedia
BY
AZEMEDIA
PUBLISHED APRIL 28, 2024
1 MIN READ
Gnfar
It is noted that the SOFAZ portfolio includes Tesla shares worth $84 million and Intel shares worth $31 million.

The total value of shares in the first quarter of this year amounted to $1.742 billion. Shares were also placed in the following companies:

Microsoft: $494 million
Apple: $419 million
NVIDIA: $371 million
Amazon: $279 million
Meta Platforms: $179 million.
👍️0
cadillacdave cadillacdave 2 days ago
Yes, he is personable and smart, and comes off as a man with a plan, yet relatable. That's difficult to accomplish at his level. Some successful folks in the tech field can't conceal the geekness.
👍️0
Dallas-Cowboys Dallas-Cowboys 2 days ago
It will be neat to see Jensen is very good in videos I have seen him in very personal and liked. I especially like him for making us so much money
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cadillacdave cadillacdave 2 days ago
60 Minutes has been a top news broadcast for about 50 years, and reaches approximately 9 million people.

However, only 1.5 million of the viewers are in the age bracket 25-54. So a lot of folks that it reaches are older, and less tech savvy. So this may be a good introduction to a large group of folks, who are unaware of NVDA, many of whom have savings and large investments.

If it were reaching 9 million of generation Z, or millennials, it may not have much impact, as most of that demographic have not had much time or opportunity to build wealth yet.
👍️ 1
Dallas-Cowboys Dallas-Cowboys 2 days ago
Not sure 60 minutes following I would think pretty good it’s been on for ever, of course Nvidia is in its quiet period but should be good. A lot of people have never heard of Nvidia but that is about to change
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THEBEASTMUGABI THEBEASTMUGABI 2 days ago
Usually 3 to 4 subjects. I don’t think I’ve ever seen five subjects.
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FanOfspringsteen FanOfspringsteen 2 days ago
Great post, thanks. Gaps are generally filled, i agree.
And charts work I think, at least analysis gives precious information. BTW... You will notice that CCI tells that at moment there is not yet an installed trend, confirmed by ADX, which is weak.
👍️0
TheDane TheDane 2 days ago
Excellent!
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Jetmek_03052 Jetmek_03052 3 days ago
Ok guys. Let’s get back on the topic of NVDA.
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DiscoverGold DiscoverGold 3 days ago
$NVDA Millions worth of even more calls. Look at all of the volume for those June contracts just from today
By: Cheddar Flow | April 26, 2024

• $NVDA Millions worth of even more calls

Look at all of the volume for those June contracts just from today





Read Full Story »»»

DiscoverGold
👍️0
cadillacdave cadillacdave 3 days ago
Just to set the record straight here. I was not being critical of you or your abilities to chart.

You seem triggered by my response to another poster, who questioned or poked fun of your "prediction", explanation or probability - however you prefer to describe it.

My simple explanation to that poster was not dissimilar to what you stated.

I stated - "The charts are a nice tool, but never really capture the entire story when dealing with an explosive powerhouse like NVDA."

You stated in your lengthy explanation - "NVDA is by nature of what it does (hot AI industry), a high probability of being the exception (rather than the rule).

I see little difference in those statements. Yet you lash out at me making bold assumptions that I don't understand and people always want to be right, and no one is right all the time etc.

Furthermore, you immediately discount what I said "charts are a nice tool..." and draw the false conclusion that I am a critic.

Seems to me like you are concerned about losing your "subscribers", because you made a bad call here, and looking for a scapegoat.
🎯 4 👍️ 4 💥 1
Dallas-Cowboys Dallas-Cowboys 3 days ago
The 60 minutes episodes don’t they usually have 3-5 subject matters so say Jensen will probably be on 10-15 minutes. Does that sound about right I don’t usually watch it.
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cadillacdave cadillacdave 3 days ago
I did NOT have a question in that post. It was a statement.

But you did NOT answer the one question I asked in my previous post. A totally reasonable question under the circumstances, as part of your post was ambiguous.

So I will ask it again:

I do question this statement in your post: As such, the bulls have now put themselves in a situation where they are "committed" to making a new all-time high above $974.

Having said all of that, I don't have a doubt that they will fail to do so, given that the industry and the company itself are the hottest thing around."

Your statement seems to be in conflict with what you stated. What are you trying to say here?

It concerns me that you are quick to point out - what you believe I do not understand. I actually understand perfectly well. I simply have my own methods for assigning weight to what works and doesn't.

Charting fails to consider the impact of interest rates, inflation, politics, geo-political events and manipulation, which are all factors that impact the markets and NVDA. As you correctly stated, AI is hot and that also has an impact that is not necessarily accounted for.
👍️ 1 💥 1
Chart Reader Chart Reader 3 days ago
I do not know if you have read any of the posts I have responded to other people. Nonetheless, I have already answered your question.

Neither I, nor any other person, knows what is going to happen or why. The market is full of people with their own agendas and ways of thinking and any of those can cause things to happen. In addition, even I can make erroneous evaluations. I am not perfect. Nonetheless and having said that, have proven over the years and on countless of previous occasions, that I know much more than most every other Tech analysts in the market.

The information I give, and this is always made clear to my subscribers, is knowledgeable but never perfect (perfection is impossible to everyone). As such, the information I give is always to be taken with the idea that it is simply one additional tool (a good one but not perfect) to use when trading.

I have stated here on several occasions, that my goal (and that of most chart and technical traders) is to make more money than is lost. The idea is not to be right every time, but be right more often than not and risk less than what you are expecting to obtain when doing the trade. In this way, the times when I am wrong, is overcome with the times that I am right, and as such, more money is made than what is lost.

Most people "want" to be right and hate to admit when they are wrong (human nature). My kind of trading approach has to put fear and greed aside and deal with reality and that is that no one can ever be right each and every time.

Does this address and answer your question?
👎️ 2 💩 2 🤡 3
cadillacdave cadillacdave 4 days ago
You indicated that it would likely trade between a range of $822-$854 for 2-4 months.

I respectfully disagreed with that and it has already broken free from that range. I see earnings at the end of May as a possible cataylst, which could also provide a spike in price.

However, you did state that it could breakout from that range if there was a catalyical event, which I haven't seen this week and it still rose significantly. There is run of the mill news on a daily basis, but nothing I would categorize as a major catalyst that occurred.

Analysts make predictions all of the time. Most have been way off with this stock. They predict a price the stock should attain in the next 12 months, only to be eclipsed in a few days or a week or so.

So hopefully you can understand my trepidations about relying too much on professional opinions, as most have been way off with this stock.

I have my own factors that I weigh when analyzing where a stock will be.
👍️0
cadillacdave cadillacdave 4 days ago
Not sure who you are responding to, since you responded to yourself.

You seem to cherry pick my statements. I was very complimentary of your wisdom, skills and experience charting, but you seem to disregard that.

However, I am entitled to my own opinion on the success of charting. As you keep saying it doesn't predict but gives probabilities. In my opinion, charting doesnt work well when applied to penny stocks, thinly traded stocks, or explosive stocks like NVDA, like you said, a hot sector right now.

Those are my opinions and no need for everyone to march in lockstep here as there are many different perspectives. Since it is my $$ I am investing, I trade and invest based off of my own opinions, research and beilefs (which may include charting when I believe it is applicable), and have done quite well.

I do think charting is helpful and appreciate your contributions here. Your explanations are thorough and based on facts, which I also appreciate.

I wasn't poking fun at you since the stock headed in a different direction, than the probabilities you laid out last week. As you stated, it could still come back down. There is a lot of volatility and many factors at play that could easily affect the direction this goes.

I do however question this statement in your post: As such, the bulls have now put themselves in a situation where they are "committed" to making a new all-time high above $974.

Having said all of that, I don't have a doubt that they will fail to do so, given that the industry and the company itself are the hottest thing around."

Your statement seems to be in conflict with what you stated.

Don't get ruffled by what folks say here. You are/were a professional in the field and most of us here are amateurs, with varying skill levels and different abilities.

Good luck to you.
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JJ8 JJ8 4 days ago
Nvda share price DOUBLE TOP BREAKOUT today, on 26-April-2024 GLTA

PS: The signal came late in the trading session today.
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Chart Reader Chart Reader 4 days ago
Sigh. you truly do not understand and this is the last time I explain this to you. Reading of charts is not about "what is going to happen" but about the probabilities of it happening. Simply stated, it gives you a "view" of what is likely to happen but not a guarantee that it will.

In addition and something I did mention prior, NVDA is by nature of what it does (hot AI industry), a high probability of being the exception (rather than the rule).

Having said that, though NVDA got above the $855 level I mentioned (closed at $877) and did not close the gap below, that has NOT changed the outlook (in a convincing way) for that gap to be filled. In fact, in some ways it has actually increased the chances of that gap being filled.

Let me explain, If the gap below would have been filled, there would be no magnet left for the chart traders to shoot for, meaning that once the gap is filled, the bulls could come back in and buy with confidence.

As a general rule, when a top is made and no negative fundamental change has occurred, that top is generally tested before the selling comes in stronger. If the stock goes above this week's high at 883.31, the bulls will be "committed" to making a new high because if they fail and the stock thereafter goes back down, the retest of the high will be successful and the selling will become even stronger. As such, the bulls have now put themselves in a situation where they are "committed" to making a new all-time high above $974.

Having said all of that, I don't have a doubt that they will fail to do so, given that the industry and the company itself are the hottest thing around.

What I do, even under this situation where the evaluation I gave is evidently wrong, is supply the chart points that are important and that information is always valuable. With the stock having "not done" what the charts suggested, it does mean that if you are a bull, you are now in a position of buying more next week (on a dip), knowing that 1) the probabilities favor the stock going above this week's high and they do favor the stock making a new high. By the same token, it also gives you the knowledge that the bulls are now in a "sink or swim" scenario where they have to make a new high of they will have failed.

Information is knowledge.

Last time that I respond to one of your posts. Evidently, you are a critic and not searching for knowledge can can better your trading understanding.
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