Do you have any idea how many etfs and mutual funds carry NVDA? Countless. And the weighing of nvda in these hundreds of funds is quite heavy since its a strong buy rated by nearly every analyst who covers it. I bought a tech fund this year where nvda is nearly 10% of the holdings, the #1 holding in the fund, it has outperformed the S&p ...that fund on Thursday will move an easy 2% without question. Implied move for nvda is around 9 to 10% after earnings tomorrow. Once again no one is expecting anything negative and that they once again should beat by a wide margin and raise going into 2025. Analysts have already upped their price targets to 160 165 170 and so on. Some have said that tomorrow's earnings will dictate the remaining move of the markets into year end. ...which is almost a 100% chance of an upward market. . Zero risk all reward. Remenber that .
You need multiple entries on your vote. I am long NVDL, NVDA & Dec 150 calls. I also own it peripherally in MAGX, FNGU & TQQQ. I have a feeling it will be a good earnings report but the guidance might not be enough to move it up that much. I mean most large cap tech companies pretty much already guaranteed a good CapEx cycle.
Law of large numbers ....getting smaller and smaller. Once margins drop and they lose market share they better find another revenue stream. A slight slowdown on Capex spending by their top 5 buyers can bring havoc on nvda shares come 2025....
Like I've been saying for a while, there are no competitors not at the GPU level that they sell. The only company that has the know how to do it is AMD but they never even caught up with nVidia's consumer GPU products, at least the high end. nVidia's RTX 4090 blows AMD's Radeon 7900 XTX card out of the water. Inference chips are easier to make since they are CPUs & not GPUs. So the hyperscalers will make it themselves just like Apple has with their ARM based APUs. Inference won't work without the Training GPUs that nVidia sells. Of course at this point you can just rely on the hyperscalers themselves since will rent you access to nVidia's GPUs at a nominal cost By the way Radeon was a Canadian company that mainly sold OTA video cards before it was bought by AMD in he late 1990s. It didn't really sell GPUs like nVidia who pretty much created the GPU at least for the retail crowd.
Just $199? You are sure it's not $1999? If NVDA is going to be THE AI chip for the future, the sky is the limit for this stock. Why would it stop at $199? I mean if AI is the future and is going to be everywhere and this chip is THE chip and is going to be in every single AI, this stock is going to be the gold of all stocks. I can't believe the stock tanked after such a good earnings beat.
I can't believe AMD has fallen so behind Nvdia in the chip sector. They used to be neck in neck in their products; in some cards, AMD is actually better and faster, in some cards, Nvdia is better. Radeon used to be AMD's flagship brand.