Yesterday Nvidia reported the Q4 2023 earnings report with flying color, beating not only top line and bottom-line estimates but also projected beating earning expectation for Q1 2024 and robust growth not only in 2024 but also 2025. Things are even more positive since there will be a new and better replacement chip for the H100, one of the top line AI chips.
The current market capitalization is at USD1.67T and Nvidia company share will most likely increase to around USD1212.00 in next few months and will beat Apple the world largest market capitalization at USD3.0T. Nvidia currently looks like will beat Apple to be the world largest market capitalization company.
If the Fed's FOMC news on fighting the inflation remains with 2 to 3 rate cuts this year even when the next 2 to 3 months CPI, PPI and PCE numbers are bad. Nvidia and S&P 500 index will continue to raise further creating more record high. Nvidia share price will most likely go beyond USD1212.00 if this happen but there will be some pull back or dip. Hence, traders and investors should buy the dip.
If there is a strong headwind happening in these coming 6 months' time such as US-Iran war or recession or Fed's cutting rate too soon for inflation to go back higher, then most likely USD1212.00 will not happen. Keep breaking record high will not happen when this potential strong headwind appears in the market.
Overall BUY Nvidia and keep for at least 2 years to 10 years. The Fundamentals for the coming 2 years will most likely be the same except appearance of Strong headwind which might not happen.
The current market capitalization is at USD1.67T and Nvidia company share will most likely increase to around USD1212.00 in next few months and will beat Apple the world largest market capitalization at USD3.0T. Nvidia currently looks like will beat Apple to be the world largest market capitalization company.
If the Fed's FOMC news on fighting the inflation remains with 2 to 3 rate cuts this year even when the next 2 to 3 months CPI, PPI and PCE numbers are bad. Nvidia and S&P 500 index will continue to raise further creating more record high. Nvidia share price will most likely go beyond USD1212.00 if this happen but there will be some pull back or dip. Hence, traders and investors should buy the dip.
If there is a strong headwind happening in these coming 6 months' time such as US-Iran war or recession or Fed's cutting rate too soon for inflation to go back higher, then most likely USD1212.00 will not happen. Keep breaking record high will not happen when this potential strong headwind appears in the market.
Overall BUY Nvidia and keep for at least 2 years to 10 years. The Fundamentals for the coming 2 years will most likely be the same except appearance of Strong headwind which might not happen.
Zlecenie aktywne:
After the good core PCE number at 2.8% lowest in 2 years, Nvidia is projected to retest the intraday all time high around USD805.00. Might breach this level by tonight or next week.
BUY! BUY and BUY! the dip and pullback and don't sell this stock. Jim Lamentor of CNCB investment committee on the halftime report show say that all traders and investors should buy this stock in their portfolio. Please own this stock based on my recommendation and from the professional.
Buy and Keep! I bought some at USD793 to USD794 at record high. Don't worry if no strong headwind in the S&P 500 this will go higher since no financial advisor is willing sell this stock.
BUY! BUY and BUY! the dip and pullback and don't sell this stock. Jim Lamentor of CNCB investment committee on the halftime report show say that all traders and investors should buy this stock in their portfolio. Please own this stock based on my recommendation and from the professional.
Buy and Keep! I bought some at USD793 to USD794 at record high. Don't worry if no strong headwind in the S&P 500 this will go higher since no financial advisor is willing sell this stock.
Zlecenie aktywne:
The current price is already USD924.79 has increase significantly from USD794 from the last purchase.
The stock will report earnings on May 22, 2024. If good news, then the price might breakout to new record high from previous USD974.00
The stock will report earnings on May 22, 2024. If good news, then the price might breakout to new record high from previous USD974.00
Zlecenie aktywne:
Nvidia Q1 earning beats topline and bottom line is a big way again. Causing the stock yesterday to raise USD88.49 in a single day. This is a new strong tailwind for the market.
BUT however yesterday PMI data seem good, but it is actually bad since causing the CME group Feds watch tool to signal from 2 cut to 1 cut in 2024. Hence, the market yesterday drop 39.17 for the S&P 500.
Today 24 May 2024 market might also drop until the PCE data point data comes online on 31 May 2024.
Target price for Nvidia in the coming months 3 to 6 months will be USD1212 as proposed and projected in 22 Feb 2024 post.
BUT however yesterday PMI data seem good, but it is actually bad since causing the CME group Feds watch tool to signal from 2 cut to 1 cut in 2024. Hence, the market yesterday drop 39.17 for the S&P 500.
Today 24 May 2024 market might also drop until the PCE data point data comes online on 31 May 2024.
Target price for Nvidia in the coming months 3 to 6 months will be USD1212 as proposed and projected in 22 Feb 2024 post.