Sell it all! @WXYZ was just talking about this on his thread: https://stockaholics.net/threads/the-long-term-investor.6179/page-331#post-154807 The ban on crypto mining in China is leading to a lot of 2nd hand GPUs hitting the market there, and finding their way over to the States.
Chip demand should remain strong for this year and next so this should still rise. If Bitcoin goes to $100K this year NVDA should see more gains
I didn't realize the acquisition of ARM was looking so impossible. https://www.extremetech.com/computi...eizes-ip-relaunches-as-an-independent-company The onetime CEO of ARM China, Allen Wu, has reportedly seized control of ARM's Chinese business venture, ARM China. Mr. Wu is accused of attempting to launch his own company, Alphatecture, by leveraging his position at ARM China to do so. Companies were reportedly offered discounts on ARM China products if they would invest in Alphatecture. Investors and ARM agreed to oust Wu for this behavior in a board vote, 7-1, but Wu still possessed the seal of the company, which makes him its legal representative as far as Chinese law is concerned. Wu hired security to keep ARM employees from entering ARM China, fired employees who did not wish him to take over the company, and has sued ARM China to declare his own dismissal as CEO illegal. This means Allen Wu (person) is suing Allen Wu (ARM China). As Devin Patel reports, ARM has responded by refusing to transfer any IP from its new products. The newest CPU core ARM China has access to is the Cortex-A77. Wu has responded in turn by holding an event declaring that 安谋科技 (this appears to mean ARM Limited) is an enormous success, and that it would soon ship a new "XPU" line of products consisting of AI accelerators and processing units, image signal processors, security processors, and video processors. Most of this equipment is targeting the IoT market. ...this looks like one of the most blatant examples of IP theft that we’ve seen. The Chinese arm of a company has gone rogue and refused to obey the ruling of its own board. The head of that company is essentially treating it as a personal fiefdom, and Chinese authorities do not appear to have taken meaningful action to reign in Mr. Wu. While ARM China does not currently have access to the ARMv9 instruction set or any additional ARM IP, it appears that the company will attempt to use previously transferred assets to bootstrap its own transformation into an “independent” company.
NVIDIA shares are trading higher after Wells Fargo maintained an Overweight rating on the stock and raised its price target from $245 to $320. Nov 4, 2021 10:49a ET
Why Nvidia Is This Investor's Highest Conviction Play Right Now 10:49 am ET March 21, 2022 (Benzinga) Newly appointed Defiance ETFs CEO Sylvia Jablonski says the market may be nearing a bottom. She sees several buying opportunities amid the market correction, but none more obvious than NVIDIA Corp (NASDAQ: NVDA). "My highest level of conviction is really in the semiconductor space right now for a few reasons," Jablonski said Monday on CNBC's "Squawk Box." She highlighted the growth prospects of cryptocurrencies and the Web3 space, noting that $30 million in venture capital money entered the space last year. "I think investors are ... looking for opportunities to get into these companies that have really positive growth potential in the future so I do think there's some great spots in here and it's time to kind of put money to work," Jablonski said. 5G is crucial to the roll out of decentralized data platforms, she said: "In order to have 5G, you need semiconductors like Nvidia." See Also: Barron's Latest Picks And Pans: Nvidia, Wayfair, Moderna, Pfizer, Palo Alto Networks Semiconductors will be part of everything from Web3 to electric vehicles and Nvidia is leading the way, Jablonski said, highlighting Nvidia's 50% compound annual revenue growth rate. "I just really think that at these levels, they are good places to get in to really participate in 5G and the future of disruptive technology," she said. NVDA Price Action: Nvidia has traded between $122.72 and $346.47 over a 52-week period. The stock was down 0.19% at $264.02 Monday morning. Photo: courtesy of Nvidia. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
all aboard! --- NVIDIA shares are trading higher. Yesterday's reports indicated the company's CEO announced the company is interested in exploring Intel as a foundry. Mar 24, 2022 10:26a ET --- Why Nvidia Looks Set to Soar To $325 After Breaking From This Key Pattern 11:09 am ET March 24, 2022 (Benzinga) Print NVIDIA Corporation (NASDAQ: NVDA) has settled into a bullish flag pattern on the daily chart. The bull flag pattern is created with a sharp rise higher forming the pole, which is then followed by a consolidation pattern that brings the stock lower between a channel with parallel lines. For bearish traders, the "trend is your friend" (until it's not) and the stock may continue downwards within the following channel for a short period of time. Aggressive traders may decide to short the stock at the upper trendline and exit the trade at the lower trendline. Bullish traders will want to watch for a break up from the upper descending trendline of the flag formation, on high volume, for an entry. When a stock breaks up from a bull flag pattern, the measured move higher is equal to the length of the pole and should be added to the lowest price within the flag. A bull flag is negated when a stock closes a trading day below the lower trendline of the flag pattern or if the flag falls more than 50% down the length of the pole.
This may pull back some more; but right now it is less than 7% above the 200 sma. A very low risk entry being provided, imo.
This going to be interesting to watch when ETH moves to Proof of Stake and miners dump their massive GPU farms onto Ebay.
NVDA, why must you cheap out on a cable supplying hundreds of watts of power to your own $1,600 GPU? https://hardforum.com/threads/nvidia-rtx-4090-power-connectors-melting.2022862/
Must be a lot of people willing to drop $1,600 on a GPU. Gaming has become too rich for a lot of peoples' blood. As a shareholder, great! As someone who builds his own computers, JFC!!!
