not sure how many will take profit before all those big tech er coming out tonight and tomorrow..definitely won't be a buyer here.
Bullish weekly chart going into earnings possible big move to the upside. Positive reaction to earnings can move this closer to 190.
However hard I look, I just can't see any connection at all between this stock and fundamentals. I'm not saying that means it isn't worth buying - we all know the stock market can remain irrational far longer than anyone ever predicts. But at this price level, I just can't see how any statement of current earnings should influence the price either way, as investors are clearly looking far into the future to price the stock so highly. (Like 20 years into the future!)
Every ER play is a gamble. You can win or you can lose. Don't short or long thinking you know 100% what it's going to be.
If this moves $5 before ER , take profit and buy it back in week for $15 less but if you have held it since $50 , it makes no difference!
Nvidia's quarterly revenue rises 56 percent Aug 10 (Reuters) - Nvidia Corp reported a 56 percent jump in quarterly revenue on Thursday, helped by strong demand for its chips used in data centers and gaming devices such as Nintendo Co Ltd's Switch. The company's net income more-than-doubled to $583 million, or 92 cents per share, in the second quarter ended July 30, from $261 million, or 41 cents per share, a year earlier. The Santa Clara, California-based company's revenue rose for the fifteenth consecutive quarter to $2.23 billion from $1.43 billion. Nvidia, which has been diversifying into newer technologies including self-driving cars and artificial intelligence, originally came into prominence in the gaming industry for designing graphics processing chips, that are also used for cryptocurrency mining. (Reporting by Ismail Shakil in Bengaluru; Editing by Shounak Dasgupta) Link: https://finance.yahoo.com/news/nvidias-quarterly-revenue-rises-56-202729177.html?.tsrc=rss
Pulling back here after Weds 52wk highs. -5% gap down, but some upgrades on this stock as analysts come rushing to defend it.
Funny how that works. If those analysts weren't invested (or didn't have big guys they're affiliated with invested in those stocks), they'd downgrade so they could get in cheaper. Same stock, different upgrade/downgrade even though nothing would have changed about the stock.
There no way NVDA won’t recover when bitcoin just hit an all-time high. Idk who can be a bear right now.
As long as Ethereum keeps climbing due to Bitcoin's success. sales of GPUs for mining will stay solid, although the AMD GPUs are better.
180 next stop for NVDA with resistance at 186-187 and then to 209.. as per the top chart expert. He sees it coming in 20 trading days.
Many will wake up and they will realize they are wrong again ok NVidia .... I see another upgrade. $200 tomorrow
