Islam Saleh’s Post

BofA notes Nvidia (NVDA) shares are down about 11% from the all-time high of $950 hit on March 25 following the company's GTC tradeshow, pointing out that the current selloff marks the ninth time Nvidia's stock has declined about 10% or more since ChatGPT was launched in late 2022. While noting there are some market factors - such as the recent rise in inflation, volatility, AI stock fatigue, rotation towards more cyclical sectors and possibly some pruning ahead of upcoming earnings season - the firm said that on a fundamental basis it has also heard of investor concern around rising competition, including yesterday's announcements from Google (GOOGL) and Intel (INTC) and reducing lead-times that suggest decelerating demand. However, BofA advises investors "don't sweat competitive and Asia supply chain noise" as it believes the fundamentals are solidly on track and periods of consolidation "tend to set the stock up for strong moves later." BofA maintains a Buy rating and $1,100 price target on "top pick" Nvidia. #investing #forex #trading #macro #stocks

NVIDIA’s Soaring Earnings Fuel Market Optimism All eyes were on NVIDIA as they announced their earnings yesterday, with the stock experiencing a monumental climb thanks to soaring demand for AI chips. President and CEO Jensen Huang provided an optimistic outlook, stating that revenue would continue to grow with the launch of a new line of chips this year. NVIDIA's earnings didn't disappoint, with revenue hitting $26 billion, surpassing the estimated $24.7 billion. This meteoric rise has significantly contributed to the rally in the Nasdaq, pushing the US stock market to new highs once again. NVIDIA’s stock price sits at $947.51 pre-market, and expectations are high for a swift change at today's open. #nvidia #earnings #stockmarket #nasdaq

In the final hours of the InvestingPro sale, you can save up to 50% off. Nvidia's quarterly forecast fell short of the high expectations set by investors, leading to a 6% drop in its shares during after-hours trading. This decline has affected other tech stocks and sparked concerns about the tech sector's future. Despite Nvidia’s strong revenue growth and a substantial $50 billion share buyback, their forecast for revenue and margins did not exceed analysts' forecasts. As Nvidia faces regulatory scrutiny and investor jitters over generative AI's long-term viability, its stock may see a significant drop in market value if current trends continue. #longterm #nvidia #fallshort #techstocks #technology #shares #stock

Feeling the FOMO? Nvidia is dominating the S&P 500 like never before. While the index is up 14.5% this year, the average stock is only up 4.1%—the biggest gap since 1990! Nvidia’s shares surged 37% in Q2 and are up a whopping 149% for the year, thanks to their AI-boosting tech. If you don’t have Nvidia in your portfolio, it’s a tough ride. Many investors are struggling to keep up, and the market’s volatility isn’t helping. With economic uncertainty and the presidential election on the horizon, it’s a bumpy road ahead. Ready for the second half?

NVDA's Earnings Explosion...But What's Next For Tech? Today in Tao Daily, we dive into the circus surrounding Nvidia's jaw-dropping first-quarter earnings. A staggering $26 billion in revenue, up 260% from last year, and an EPS increase of 560% to $6.12. The company also announced a much-anticipated 10-for-1 stock split and projected second-quarter revenues that surpass expectations by 4.3%. Yet, despite these scorching figures, NVDA's stock saw a modest post-market gain of about 5.5% - a clear sign that high expectations had already been baked in. This episode also explores the broader implications for the NASDAQ and the semiconductor sector following Nvidia's results. Additionally, we zoom out to assess the tech sector at large, pinpointing why a cautious approach might still be warranted amid the excitement. Tune in to understand what Nvidia’s performance could spell for the market's future. To get these insights delivered daily, visit my profile and cli ck the link

The S&P500 is trading again above the critical 5000 level after NVIDIA blew out all earnings expectations for Q42023. NVIDIA, the lead U.S. chipmaker, joins other major companies that delivered on earnings amid lofty valuations and a remarkable rally since last year. Investors have been paying close attention to these “Magnificent 7” companies’ earnings for clues on whether their stock prices were well justified relative to the broader market. One theme is notable this earnings season: the Mag 7 names which have buoyed the broader market also have fundamental earnings support and indicate a broader trend that the AI boom could be increasingly sustainable. NVIDIA reported quarterly sales of $22.1bn for Q42023 and forecasted $24bn of sales for Q12024. Source: BlackRock, Bloomberg. As of February 22, 2022.

Insane swings. Nvidia, the third largest company in the world is trading like a penny stock. Since its after hours low seen just 18 hours ago, Nvidia has added $380 BILLION of market cap. In other words, Nvidia has added as much market cap as the entire value of Costco in 18 hours. This comes after the stock erased $1 TRILLION of market cap over the last 5 weeks. Big tech stocks are throwing around trillions of Dollars of market cap in a matter of hours. Truly insane. #nvidia #wallstreet #earningscall #marketcap #artificialintelligence #stocks #stockmarket #investors #shareholders #nasdaq #nyse #technology #ai #innovation #business credit: kobeissi letter

NVIDIA's stock has gone vertical... Is that about to change? Nvidia, the AI darling and one of the Mag 7 stocks that led the 2023 rally, reports earnings on Wednesday with revenue expected to more than triple from the year prior. In 2024 alone, Nvidia is up nearly 50% on top of its 239% advance in 2023. Speculation is starting to creep into the minds of investors that feel this AI bubble is reminiscent of the DotCom bubble and could end in a similar fate. With increased demand and more competition from Apple, Microsoft, AMD and others all eyes are on Nvidia's future performance. Will earnings propel the share price higher or will earnings be a sell the news event? #nvidia #Nvda #earnings #stocks #stockmarket