NVDA - Nvidia Corporation

I think nVidia can be bought near 125.50. The stochastic is already oversold. I wish RCI had touched 30. There is no downtrend. The Tenkan has crossed the Kijun, but the Kijun has gone down. This indicates a lack of trend. Which means we can look at the stochastic.

 

I wish things were as simple as you put it!
Dont trust oscilators. Most of ocasions they are crap...completly useless. It is like reading yesterday weather report ...

 

I think oscillators can help to do technical analysis. from yesterday's weather, I think you can guess today's weather too

 

It's at the bottom of the range $130-200, been in that range since November.

 

I can use oscillators. As I wrote, it was possible to buy about 125.50, and the price now moves up. It is not too late to buy. The main thing is that there is no downtrend, so Ichimoku shows.

 

Are you sure? I took a quick look to same chart, at finviz, and despite a triangle beeing built, not evident what will be next move (up or down).

 

NVIDIA Is More Than a Semiconductor Company

Graphics processor veteran NVIDIA (NASDAQ:NVDA) reported second-quarter results on Wednesday, Aug. 19. The results edged out analyst expectations and the headlines highlighted the fact that data center sales outweighed gaming products for the first time in NVIDIA's history.

If you look a little closer at NVIDIA's report and earnings call, you'll find evidence of an even more significant change to the company's business model. Yes, semiconductor designs are still at the core of NVIDIA's day-to-day operations, but the company is also growing its software sales. That road points to wider profit margins and more reliable revenue streams in the long run because most of NVIDIA's software sales are tied to long-term subscription packages.

Three types of NVIDIA software

The company is not yet ready to break out software sales and operating profits into separate line items in its quarterly reports. Instead, we have to look for clues like management comments in order to see the business category gaining momentum.

The software sales largely fall into three separate buckets.

• AI: NVIDIA supports several software frameworks for artificial intelligence (AI) number-crunching, all optimized to take full advantage of GeForce graphics chips and Tesla (NASDAQ:TSLA) high-performance computing processors. The NVIDIA DIGITS neural network training system is an in-house solution for which NVIDIA offers enterprise-grade support services.

• Self-driving cars: The NVIDIA DRIVE AGX Orin platform is a self-driving car system that's both built around NVIDIA's high-performance math processors and designed like a modular software product. Upgrades, bug fixes, and new features can be added through over-the-air software updates, and many features are available under subscription-style licensing terms. The Mercedes-Benz division of German automaker Daimler AG recently committed to a DRIVE AGX partnership that will put NVIDIA-powered Mercedes cars on the road by 2024.

• Data center networking: Through the recent acquisitions of Mellanox and Cumulus Networks, NVIDIA has become a significant force in the market for software-defined data center networks. This ultra-flexible network management approach comes with multiyear license and support agreements, pushing NVIDIA even further into the realm of software-based business.

NVIDIA loves the data center

The AI and data center networking efforts are really two sides of the same ambitious enterprise computing coin. NVIDIA's management is putting together a top-to-bottom data center framework that should generate strong growth for years to come. It's all based on software-defined virtual computing services, which, in turn, depend on NVIDIA's processors. Building the best processors or the fastest computer systems isn't the name of the game anymore. It's more about managing an entire data center like a single unit that can be split up and directed to various services with the help of systems management software.

"Going forward, you optimize at the data center scale," said NVIDIA CEO Jensen Huang. "And the reason why I know this for a fact is because if you're a software engineer, you would be sitting at home right now and you would write a piece of software that runs on the entire data center in the cloud. You have no idea what's underneath it, nor do you care."


The architecture starts with great microchips, but Huang sees software taking the whole system to another level.

"Now we take this thing all the way through systems, the system software, algorithms, networking, all the way up to the entire data center. And the difference is absolutely shocking," he said. "You know, we built our data center, Selene, and it took us four weeks ... It is the seventh-fastest supercomputer in the world, one of the fastest AI supercomputers in the world."

And the software focus isn't exactly a new idea for NVIDIA. The market success you see today started with development efforts and design decisions many years ago.

"NVIDIA is a software-defined company today," Huang said, "with rich software content like GeForce NOW, NVIDIA virtual workstation in the cloud, NVIDIA AI, and NVIDIA Drive that will add recurring software revenue to our business model."

The times, they are a-changin'

It should be pretty clear from this report that NVIDIA is leaning into subscription-based software sales in a big way. The company is following the lead of pretty much every enterprise software giant on the market, all of whom have been trading in their old single-sale software licenses for repeatable subscription sales in recent years. Many things can be sold as a service these days, including NVIDIA's data center networking tools and artificial intelligence platforms.

https://www.fool.com/investing/2020/08/21/nvidia-is-more-than-a-semiconductor-company/

 

Stock price appreciation will make further acquisitions easier.

 

this is not consultation or advice.
NVDA:
the price below EMA (orange).
I think the price go to 520-21 to meet the halfway indicator,
then back up to 571 to meet the high target indicator.

 

this is not consultation or advice.
NVDA:
the price below EMA (orange).
I think the price go to 524-25 to meet the halfway indicator,
then back up to 571 to meet the high target indicator.

 

Hey @EddieMarkel, I'm not following the prediction. Your tool may be useful for following a trend, but NVDA has had a change of character and is no longer trending as it is now in a trading range. Are you sure your tool is valid for a non-trend situation?

I understand the green and red lines, they resolved themselves to eventually show the boundaries of the trading range. But of course the trading range boundaries were known by the high of Sept 2nd and the low of Sept 4th, a change of character. The red line is severely lagging data and neither were necessary to identify the trading range.

The orange line, a moving average, lags the price action by half the length of the MA. So if its a 10-day EMA, the last printed average is 5 days old. Even though the default positioning of most charting programs is to plot the the last point of an MA at the last price, in reality it should be printed back 1/2 the length of the MA where it would be centered in the price data.

Maybe I'm missing what you see, but I'm not seeing anything telling in the NVDA chart. It's in the middle of nowhere with no significant edge to initiate a trade. However, if I was short, I'd have stayed short until we see how it acts tomorrow.

Daily bars:

 

hi @Onepoint272 .
My tool show high probability target of the price (no system has 100%).
it work in trend and in non-trend.
the boundaries will change by the price.
when the price meet any line (Red ,Blue ,Green) , any trend can be possible, so rearrangement should be done.
for now NVDA show beer signal (red points).
I suggest just to follow it, and check.
check my posts (you can follow them)
1. https://stockaholics.net/threads/csl.10949/
2. https://stockaholics.net/threads/twlo-twilio-inc.1369/
3. https://stockaholics.net/threads/imax-imax-corporation.1085/
4. https://stockaholics.net/threads/msft-microsoft-corp.28/
5. https://stockaholics.net/threads/usas-americas-gold-and-silver-corporation.8118/page-7
or if you want to select a stock, I'll put the graph and you can check it.
or download it and try it on any stock.

 

Thanks @EddieMarkel. NVDA is on my watch list and I own USAS which I see you are also following. If you're interested please post your thoughts on the XOM thread. Thanks.

 

you welcome.
I'll open new thread for XOM tomorrow