Nvidia CDR (NVDA) Quote

No posts since Tuesday May 14th at iHub.

Where is the Dubster today? He must be enjoying this price action, and likely profiting from it.

The chart still in Triple Top Breakout mode of 15-May-2024 signal.

However, in the very short term the trading dynamic depends on the dominating demand/supply power play for the ups and downs of share price.

The trend is your friend but, but not anytime unless timely for your choice.

GLTA

~bought odte $960 calls @.10c this might run up before eod imo

Dood, I am hungover from the $950 party. I can’t red your post, it makes my head hurt more.

The future may offer unknown challenges...

https://www.volcanodiscovery.com/earthquakes/quake-info/9386619/mag4quake-May-16-2024-Taiwan.html

Diversity is the key factor that

spreads risk even in dull times...


So we watch...LJ

There seems to be something puzzling for the Nvidia market when the majority line up for what seems clearly a win deal when the odds appear to the majority as clearly see it in their favor. Where will the money come from when there are few losers in the game and the majority could win.

In order for the market to function properly, the odds makers introduce adjustments creating odds balanced in order to sustain the game itself. How far a market go when most join to one side and the source of funds is not there. Where will the winners get their winnings from?

For short periods of time any situation of high volume of calls in the market may be handled with the restraints and limits imposed..

This is why shorting becomes important to restore balance in any market.

Odds making for any event calls for balanced situation with a picture that "demand/supply" by appropriate odds on by imposing limitations. The stock market can hardly exist if things are clearly that odds are strongly in favor to one side. The stock market naturally being a difficult challenge the source of funds do come from losers who are most of time the source of wins for the fewer winners in the game.

Nvidia seems in a unique situation hearing how millions are being bet by those who are seeing things things in the same way.

A balance will have to be restored somehow and I'm not sure how that may come about. What will follow after the good earnings are announced? Will share price zoom or fall? Interesting times ahead.

Any thoughts?

OMG, what happened? I am getting out of the strip joint and going to rehab. $950 was nice. Got drunk and stupid. Time to sober up m an

Options Traders Still Love Nvidia (NVDA) Stock
By: Schaeffer's Investment Research | May 16, 2024

• NVDA continues to draw options traders ahead of earnings

• The chip name reports earnings on Wednesday, May 22

Ahead of its earnings report after the close on Wednesday, May 22, Nvidia Corp (NASDAQ:NVDA) stock once again took second place on Schaeffer's Senior Quantitative Analyst Rocky White's list of names that attracted the most options volume during the last two weeks. The equity saw 7,764,113 calls and 4,943,247 puts traded in the last 10 trading days, with the weekly 5/10 900-strike call standing out as the most active contract.



Shares of the semiconductor firm have a positive history of post-earnings reactions over the past two years. Specifically, six of these eight next-day sessions were higher, including a 16.4% pop in February. Options traders are pricing in an 11.7% post-earnings swing for the equity this time, which is much larger than the 8.5% move it averaged after its last eight reports, regardless of direction.

Considering the chip stock sports a 91.5% year-to-date gain, it's no surprise that bulls are outpacing bears. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock's 50-day call/put volume ratio of 1.47 ranks higher than 71% of readings from the past 12 months.

Last seen 0.2% higher at to trade at $948.17, NVDA is attempting to surpass a March 8, record high of $974. The stock yesterday broke above short-term resistance at the $930 level, and sports a massive 214.5% lead.

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$NVDA $2.3 Million 1000 Call (Unusual). This print was executed above the ask and has an aggressive strike
By: Cheddar Flow | May 16, 2024

• $NVDA $2.3M 1000c (Unusual)

This print was executed above the ask and has an aggressive strike



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$NVDA $2.5 Million of Unusual Calls
By: Cheddar Flow | May 16, 2024

• $NVDA $2.5M of Unusual Calls



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It's soon no doubt

950,51, leader continues.... ANT

Yahoo showing next Wednesday (5/22) as quarterly earnings release. Its could prove to be amazing.

Nvidia share price TRIPLE TOP BREAKOUT today on 15-May-2024. GLTA

PS: rolvram, may be $1000 ps this week?

By end next week

when 1000 ??

Nvidia $NVDA So many calls
By: Cheddar Flow | May 15, 2024

• $NVDA So many calls



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$NVDA Monster $12.1 Million OTM Call *Above the Ask*
By: Cheddar Flow | May 15, 2024

• $NVDA Monster $12.1M OTM Call

*Above the Ask*



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Now that is a prediction with some conviction!!

Bull of the Day: Nvidia (NVDA)
By: Zacks Investment Research | May 15, 2024

Company Overview

Zacks Rank #1 (Strong Buy) stock Nvidia (NVDA) is the global leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. Though Nvidia has been growing for years due to revenue streams from PC graphics and gaming and virtual reality (VR) platforms, the company has experienced exploding, “hockey stick” like growth for its artificial intelligence (AI) solutions that support high-performance computing (HPC). Revenue from Nvidia’s complex and powerful chips has lifted NVDA to a more than $2 trillion market cap and has solidified the company as the undisputed leader in the AI space, far ahead of semiconductor competitors like Intel (INTC) and Advanced Micro Devices (AMD).

Blackwell Platform is a Bullish Catalyst

Though Nvidia is already the dominant player in the AI space, visionary CEO Jensen Huang is not sitting back and enjoying the success. Instead, NVDA recently announced the Blackwell platform, “enabling organizations everywhere to build and run real-time generative AI on trillion-parameter large language models at up to 25x less cost and energy consumption than its predecessor.”

As mega-cap tech companies race to AI dominance, large language models like Open AI and Microsoft’s (MSFT) ChatGPT will require efficiency for two reasons. First, large language models like ChatGPT require GPUs to “train” their models. Presently, companies like OpenAI and Alphabet (GOOGL) are engaged in an AI arms race. Furthermore, by 2030 the data center share of electricity will be the equivalent of the electricity consumption of one-third of U.S. homes (which explains the recent bull trends in utility stocks like Vistra (VST).

Explosive Growth Expected

Earnings, which have already been growing like a weed, are expected to increase by a triple-digit clip over the next two quarters and juicy 84.72% next year.


Image Source: Zacks Investment Research

Technical View

Price is the ultimate “tell” in investing because it represents real supply and demand. From this standpoint, Nvidia is bullish for two reasons:

Relative Strength: While some AI-related stocks like Arm Holdings (ARM) and Super Micro Computer (SMCI) are well off their 52-week highs, NVDA is suffering a mild correction and is within 10% of its all-time high – a sign of relative strength.

Shakeout + Regain of 10-week MA: If investing were easy, everybody would be rich. Every so often stocks need to “shake the tree” and get rid of “weak hands” before resuming higher. NVDA plunged nearly 10% in mid-May before ripping back above the 10-week moving average (a level that has contained most of the stock’s multiyear move.


Image Source: TradingView

Valuation is Still Cheap

Amateur investors often make the mistake of conflating an appreciating stock price with a company being “overvalued.” However, NVDA’s Price-to-Earnings Growth (PEG) ratio is near a multiyear low and remains cheap.


Image Source: Zacks Investment Research

Earnings ESP + Zacks Rank #1

Our extensive, in-house back test shows that stocks that sport a Zacks Rank #3 or better and have a positive Earnings Surprise Prediction (ESP) score tend to beat earnings and outperform. Furthermore, while Wall Street is bullish on the stock, NVDA has beaten consensus estimates in 18 of the past 20 quarters.


Image Source: Zacks Investment Research

Cloud Demand

Data center demand is not only due to AI, but also to cloud growth. Companies like Amazon (AMZN), Meta Platforms, and Baidu (BIDU) are all investing billions in expanding their cloud presence.

EV Opportunities

As automakers strive for autonomous vehicles, Nvidia stands to benefit. The company is working with more than 320 automakers, suppliers, and automotive research institutions to develop AI systems for self-driving vehicles.

Bottom Line

Data center and AI growth, top-tier fundamentals, and new product offerings are just a few reasons to own Nvidia, the true market leader.

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McKenzie Webster out with highest new target: $1,500

Man, I am not working off of a napkin while sipping on fine Bourbon, but I am slamming shots sitting at the bar telling people how rich this chit made me. When it hits $950, I a leaving this hole in the wall bar and heading to a titty flop bar

Hi JJ8… yes, I would agree, implementing into action these lessons is certainly a relevant part of the equation.

Nothing ever stays the same in the investing world - which is why it’s so mentally stimulating and challenging (always forcing investors to grow and evolve).

Best wishes to you as well…

I don't exclude the possibility that NVDA could dip down to $850, but I doubt that it would stay in that range for a few months.

It is even less likely, since there is a major catalyst coming soon (earnings), which could propel the stock 13%-17% in either direction, based on my highly scientific - back of the napkin estimates, while sipping fine Bourbon.

Based on current events with NVDA and barring geo-political unrest, my bet would be that earnings will go well, and the stock should move higher, thereby discrediting the chartmaster's recent theories, which he has generously posted here to assist everyone.

The "fairly simple" part is just a little humor, betting against the chartmaster, since his "fill the gap to $680" prediction, seems to be off course, at this juncture.

In my opinion, a "hover around $850 for a few months" should not be excluded but I think it is less likely given the Nvidia share price history past 18 months. Furthermore, the company is in a leadership position in a potent AI industry in its early stage. However, I also believe that the Market can do anything..

Your prediction of share price going $980-$1080 range sounds more likely.

Hmm... "It's actually fairly simple" for you sounds an enviable position to be in. More power to you.

Cheers & GLTY & GLTA

It's actually fairly simple.

A few weeks ago, the chartmaster said the charts indicated it "could" fill the gap down to $680, and then more recently revised his "prediction" that it should hover around $850" for a few months.

So my interpretation of that - it's going to $980 -$1080 range. Seems like we are well on our way!

NVIDIA Accelerates Quantum Computing Centers Worldwide With CUDA-Q Platform
May 13 2024 - 2:00AM

ISC -- NVIDIA today announced that it will accelerate quantum computing efforts at national supercomputing centers around the world with the open-source NVIDIA CUDA-Q™ platform.
Supercomputing sites in Germany, Japan and Poland will use the platform to power the quantum processing units (QPUs) inside their NVIDIA-accelerated high-performance computing systems.

QPUs are the brains of quantum computers that use the behavior of particles like electrons or photons to calculate differently than traditional processors, with the potential to make certain types of calculations faster.

Germany’s Jülich Supercomputing Centre (JSC) at Forschungszentrum Jülich is installing a QPU built by IQM Quantum Computers as a complement to its JUPITER supercomputer, supercharged by the NVIDIA GH200 Grace Hopper™ Superchip.

The ABCI-Q supercomputer, located at the National Institute of Advanced Industrial Science and Technology (AIST) in Japan, is designed to advance the nation’s quantum computing initiative. Powered by the NVIDIA Hopper™ architecture, the system will add a QPU from QuEra.

Poland’s Poznan Supercomputing and Networking Center (PSNC) has recently installed two photonic QPUs, built by ORCA Computing, connected to a new supercomputer partition accelerated by NVIDIA Hopper.

“Useful quantum computing will be enabled by the tight integration of quantum with GPU supercomputing,” said Tim Costa, director of quantum and HPC at NVIDIA. “NVIDIA’s quantum computing platform equips pioneers such as AIST, JSC and PSNC to push the boundaries of scientific discovery and advance the state of the art in quantum-integrated supercomputing.”

The QPU integrated with ABCI-Q will enable researchers at AIST to investigate quantum applications in AI, energy and biology, utilizing Rubidium atoms controlled by laser light as qubits to perform calculations. These are the same type of atoms used in precision atomic clocks. Each atom is identical, providing a promising method of achieving a large-scale, high-fidelity quantum processor.

“Japan’s researchers will make progress toward practical quantum computing applications with the ABCI-Q quantum-classical accelerated supercomputer,” said Masahiro Horibe, deputy director of G-QuAT/AIST. “NVIDIA is helping these pioneers push the boundaries of quantum computing research.”

PSNC’s QPUs will enable researchers to explore biology, chemistry and machine learning with two PT-1 quantum photonics systems. The systems use single photons, or packets of light, at telecom frequencies as qubits. This allows for a distributed, scalable and modular quantum architecture using standard, off-the-shelf telecom components.

“Our collaboration with ORCA and NVIDIA has allowed us to create a unique environment and build a new quantum-classical hybrid system at PSNC,” said Krzysztof Kurowski, CTO and deputy director of PSNC. “The open, easy integration and programming of multiple QPUs and GPUs efficiently managed by user-centric services is critical for developers and users. This close collaboration paves the way for a new generation of quantum-accelerated supercomputers for many innovative application areas, not tomorrow, but today.”

The QPU integrated with JUPITER will enable JSC researchers to develop quantum applications for chemical simulations and optimization problems as well as demonstrate how classical supercomputers can be accelerated by quantum computers. It is built with superconducting qubits, or electronic resonant circuits, that can be manufactured to behave as artificial atoms at low temperatures.

“Quantum computing is being brought closer by hybrid quantum-classical accelerated supercomputing,” said Kristel Michielsen, head of the quantum information processing group at JSC. “Through our ongoing collaboration with NVIDIA, JSC’s researchers will advance the fields of quantum computing as well as chemistry and material science.”

By tightly integrating quantum computers with supercomputers, CUDA-Q also enables quantum computing with AI to solve problems such as noisy qubits and develop efficient algorithms.

CUDA-Q is an open-source and QPU-agnostic quantum-classical accelerated supercomputing platform. It is used by the majority of the companies deploying QPUs and delivers best-in-class performance.

About NVIDIA
NVIDIA (NASDAQ: NVDA) is the world leader in accelerated computing.

Todmohr: the clue to the market begins when one learns to practice of what you described:

" I learned and adapted/changed. I became willing to pay attention to what the market was telling me - even if I thought it was wrong."

The challenge includes one being also ready and prepared to listen of what the market is "saying". That requires one in addition to one's knowledge and experience have the ability to be in charge/control of emotionalism, putting all personal biases, wishes, and "dreams" aside.

Thanks for making that important observation. GLTY

Jim Cramer and Ken Fisher Love These 5 Stocks
Published on May 14, 2024 at 8:56 am by FAHAD SALEEM in Hedge Funds, News

3. NVIDIA Corp (NASDAQ:NVDA)
Ken Fisher’s Stake: $8,252,596,105

Cramer has been reiterating his bullish take on NVIDIA Corp (NASDAQ:NVDA), albeit with a rather dampened mood and enthusiasm. Recently, Cramer said that he still believes NVIDIA Corp (NASDAQ:NVDA) is a stock to hold, not trade.

Cadillacdave… you are welcome… I simply try to learn from my mistakes … not understanding those growth stocks and stories resulted in a lot of missed opportunities.

Every investor is different and has different goals, strategies, and risk tolerances. I make mistakes like everyone - maybe I will be wrong on NVDA. We will see.

Respectfully,
Tod

Great post!

Powerhouse, explosive stocks like this, are difficult to read with charting. We have had this discussion with a charting expert here, but he doesnt get what you just posted.

Very well said. Your experience and wisdom shines through.

Good luck to you!

NVDA… I was working for a brokerage house on October 19th, 1987 - so I’ve been around a long time too, and seen and witnessed a lot of market crises.

I’ve learned many things - one of which is this: trying to guess what markets are going to do in response to any big macro- event is virtually impossible. All one has to do is look at the March 2020 Covid-driven equity market swoon (10k down Dow points in 1-2 weeks), only to see all time record highs in equities within about a year from then - all in the midst of the peak of the pandemic. Nobody I know (including me) - if they are honest - expected that.

Regarding NVDA: in my view, like many of the massive growth stocks of the last three decades, normal 1-2 year p/e applications simply don’t work or apply. For years I kicked and screamed about stocks that traded like NVDA (NFLX AMZN TSLA CMG, just to name a few). They traded at 50-100 p/e’s for years, and in many/most cases still do. And while I stated they were going to crash and were highly overpriced based on my dinosaur-like thinking, they all doubled and tripled, then doubled and tripled again. The point here: markets were discounting these mega growth stocks out 5/10/15 years - not 1-2.

Learning and accepting that I was not smarter than the market, was one of my other best lessons - and has led me to being a a much more successful (financially speaking) investor. In other words, I learned and adapted/changed. I became willing to pay attention to what the market was telling me - even if I thought it was wrong.

What happens to NVDA in next week’s report is irrelevant to me in the longer term, as imo we are in the 2nd or 3rd inning of AI innovation (not unlike where we were with the cloud 10 plus years ago). I fully expect NVDA to double and triple from here in the coming 2-5 years, and very possibly to do that again in the ensuing 10-15 years.


The late, great investor and founder of Investor Business Daily, Bill O’Neill, sums up these investing scenarios very succinctly and accurately imo:


O'Neil Quotes. The moral of the story is: never argue with the market. Your health and peace of mind are always more important than any stock. Be completely objective and recognize what the marketplace is telling you, rather than trying to prove that what you said or did yesterday or six weeks ago was right.


Respectfully and jmo.

Hahaha. Nice!

Dubster capital lowers NVDA* price target to $760 and reiterates run!
Jk, relax I’m just having fun.
See NVD*(2X inverse)

GL

CICC Adjusts Price Target on NVIDIA to $1,000 From $870, Keeps Outperform Rating
05:26:27 AM ET, 05/14/2024

Wells Fargo Adjusts Price Target on NVIDIA to $1,150 From $970, Keeps Overweight Rating
05:44:11 AM ET, 05/14/2024 - MT Newswires

At roughly 76, yes, the valuation of NVDA is high, but it is decreasing every reporting quarter. It's decreased almost 23% in the last 12 months. Depending on how high the stock price climbs (if it does), the PE will likely continue to decrease, as much higher earnings are announced for the next several quarters.

Yes, we are all aware of the dire straights the economy and the banking system is in. Yes, it could all blow up in our faces at any time. Yes, it WILL eventually happen at some point. Yes, one should not throw cautions to the wind. But I will continue to ride the horse until it bucks me off.

Good luck to you also.

Your concerns are valid.

The recent developments with inflation, the Fed, dollar, etc., are purposeful.

Those in charge at the moment are part of the "build back better" philosophy. However, in order to build back better, whatever is in place must be torn down first. That is the process we are witnessing.

Shaking my head… valuation is so far out of line in my most absolutely humble opinion.
Folks seem to put too much stock in analysts opinions and evaluations.
How many times earnings should a price really be?
The market is not safe for more reasons than I have ever seen in my long life and inflating prices dont always warrant further upside.
Eventually the cards, (all of them), will be played.
I went through the .Com/www./Enron etc stuff as a trader, and this FED”/Bank/Dollar issue coupled with war makes me very reserved.
Gl and blessings all

Jefferies today assumed Nvidia $NVDA with a Buy rating and a $1,200 price target
By: Evan | May 13, 2024

Jefferies today assumed Nvidia $NVDA with a Buy rating and a $1,200 price target

Jefferies today raised its price target on $AMD to $200 up from $190 while maintaining its Buy rating— Evan (@StockMKTNewz) May 13, 2024

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Analysts overhaul Nvidia stock price targets ahead of earnings
The chipmaker's new GB200 platform could transform its medium-term revenue growth, according to Wall Street analysts.
Nvidia shares edged higher in early Monday trading after a pair of analysts issued big price target changes on the AI tech giant ahead of its highly anticipated first-quarter-earnings report on May 22.
Nvidia  (NVDA)  have surged more than 86% this year, adding more than $1 trillion in market value, as investors continue to reset earnings and revenue forecasts tied to its dominant position in the market for artificial intelligence-powering processors. 
The latest iteration of those processors, a new GPU architecture known as Blackwell, was released earlier this spring, with a promise to perform AI tasks at more than twice the speed of Nvidia's current Hopper chips while using less energy and providing more bespoke flexibility.
“Blackwell’s not a chip; it’s the name of a platform,” CEO Jensen Huang told investors during the launch event. "Hopper is fantastic, but we need bigger GPUs."
HSBC analyst Frank Lee, in fact, cited the group's ability to leverage pricing power through the new GB200 platform as he lifted his price target on Nvidia by $300 to $1,350 a share.
GB200 platform pricing 
Lee sees the overall GB200 pricing in the region of $60,000 to $70,000 per server, twice the $30,000 to $35,000 cost of a stand-alone B100 processor. 
Lee sees the server-rack pricing potentially helping revenue for Nvidia's next fiscal year, which ends in January 2026, rise to $196 billion, a 38% premium to current Wall Street estimates. 
“We believe Nvidia will continue to demonstrate its strong pricing power via its NVL36/NVL72 server-rack system and GB200 platform, which will once again surprise the market on the upside in FY26," Lee said in a note published on May 12.
Related: Nvidia shares get boost from key supplier ahead of earnings
Jefferies analyst Blayne Curtis, meanwhile, added $420 to his Nvidia price target, taking it to $1,200 per share, saying that he expects a a strong ramp for the GB200 NVL 36/72," which includes both Nvidia and Arm Holdings-based CPUs.
Nvidia earnings on deck
“We believe it’s too early to sift out winners and losers in the AI basket yet, but Nvidia is our favorite,” said Curtis, who carries a 'buy' rating on Nvidia stock.
“Nvidia maintains control over the entire ecosystem and is taking more pieces of the pie," he added.
Nvidia is scheduled to post fiscal 2025 first-quarter earnings after the close of trading on May 22, with analysts on average estimating profit rose more than fivefold from a year earlier to $5.55 a share.
Related: Analyst adjusts Nvidia stock price target ahead of earnings
The Santa Clara, Calif., group is also expected report revenue more than tripled, to $24.5 billion, with quarterly sales expected to top the $30 billion mark by the end of its current financial year in January 2025.
More AI Stocks:
Analyst unveils eye-popping Palantir stock price target after Oracle deal
Veteran analyst delivers blunt warning about Nvidia's stock
Analysts revamp Microsoft stock price target amid OpenAI reports
Nvidia shares were marked 0.95% higher in premarket trading to indicate an opening bell price of $907.42 each. The stock hit an all-time high of $974 on March 25.

Yes I agree

Understand the concern but would be years away

Rolvram thanks for all the articles you’ve been a busy bee. It is hard not to love this company for such a big company it is so nimble they are everywhere in AI. I think the only thing that worries me and I don’t want to say it to loud is antitrust situation in the future. Unfortunately when companies can’t compete on a fair playground they start whining antitrust to the FTC. Their CUDA software is what worries me (but hopefully not).

Nvidia Stock Analysis: Why Betting Against Overachieving NVDA Is a Fool’s Errand
May 13, 202406:00 EDT


NVDA
+1.27%
Amazingly, there are still bearish holdouts who, despite all of the available evidence, continue to bet against Nvidia
NVDA
. The opportunity to generate revenue from artificial intelligence compatible processors isn’t just a fad. Nvidia stock gets an “A” grade for advancing AI hardware technology in 2024.

Nvidia has an earnings report and conference call coming up on May 22. This will be an exciting event, but you don’t have to wait until May 22 to start a share position in Nvidia. After all, you can pick any day in May to invest in an overachiever like Nvidia.

This Is a Positive Sign for Nvidia

How strong is the demand for AI-enabled hardware? Here’s a news item that should help to answer this question. According to Reuters, South Korea-based SK Hynix disclosed that its “high-bandwidth memory chips used in AI chipsets were sold out for this year and almost sold out for 2025.”

This is relevant because SK Hynix is a supplier to Nvidia. Furthermore, these HBM chips are selling like hot cakes “as businesses aggressively expand artificial intelligence services.”

Reuters also mentioned that Nvidia commands around 80% of the AI-chip market. That’s astonishing, if you really think about it. And clearly, it’s a great market for Nvidia to be involved with.

When a major supplier like SK Hynix has products that are flying off the shelves (figuratively speaking), it’s hard not to be long-term bullish about Nvidia stock.

Preparing for a ‘New Era’ With Nvidia

Nvidia’s AI conference for developers, known as GTC, took place recently and Nvidia didn’t disappoint eager tech-product aficionados. At the GTC event, Nvidia unveiled its cutting-edge Blackwell graphics processing unit architecture.

The company expects Blackwell to “power a new era of computing.” Nvidia CEO Jensen Huang declared that Blackwell is the “engine to power” the “new industrial revolution” of generative AI.

This isn’t empty boasting. Per TheStreet, Nvidia stated that Blackwell will “enable organizations to build and run real-time generative AI on trillion-parameter large language models.”

Plus, the company claims that Blackwell will achieve this “at up to 25 times less cost and energy consumption than its predecessor.”

With the new Blackwell architecture coming down the pipeline, Nvidia’s already ultrapowerful H100 chips could soon be yesterday’s news. It’s another example of Nvidia topping itself, since evidently no competitor can top Nvidia.

Be an Overachiever Investor With Nvidia Stock

If you can be any type of investor, why not be an overachiever investor? It’s entirely possible if you stick to overachieving companies like Nvidia. As we’ve seen, the demand for AI-compatible processors is intense — and Nvidia is stepping up to the plate with top-tier products.

Blackwell will be Nvidia’s latest game changer in the AI-hardware category. After that, we’ll all just have to wait and see what amazing products Nvidia unveils next.

So, there’s no wait for Nvidia’s upcoming earnings event to get involved. Investors should conduct their due diligence and take action when they’re ready to do so, and Nvidia stock absolutely deserves a confident “A” grade .

On the date of publication, Louis Navellier had a long position in NVDA. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article.

The InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.

04:09 AM EDT, 05/13/2024 (MT Newswires) -- Nvidia (NVDA) said Monday it will use its open-source CUDA-Q platform to power quantum processing units at national supercomputing centers in Germany, Japan and Poland.

Germany's Julich Supercomputing Center is installing a quantum processing unit that uses Nvidia's GH200 Grace Hopper chip for chemical simulations and other uses.

Japan's National Institute of Advanced Industrial Science and Technology's ABCI-Q supercomputer is also using Nvidia Hopper architecture to research applications in AI, energy and biology, the company said.

Poland's Poznan Supercomputing and Networking Center recently installed two photonic quantum processing units connected to a new partition powered by Nvidia's Hopper for use in applications that include biology, chemistry and machine learning.

Nvidia also said Monday that nine new supercomputers worldwide are using its Grace Hopper chips for processing power, including new supercomputers coming online in Illinois, Texas, France, Poland, Switzerland, Germany and Japan.

NVIDIA Grace Hopper Ignites New Era of AI Supercomputing
NVDA | 4 hours ago
From Climate and Weather to Scientific Exploration, Switzerland’s Alps Supercomputer, France’s EXA1-HE Supercomputer and Others to Deliver 200 Exaflops of AI for Groundbreaking Research Using Energy-Efficient Grace-Based Systems
HAMBURG, Germany, May 12, 2024 (GLOBE NEWSWIRE) -- ISC—Driving a fundamental shift in the high-performance computing industry toward AI-powered systems, NVIDIA today announced nine new supercomputers worldwide are using NVIDIA Grace Hopper™ Superchips to speed scientific research and discovery. Combined, the systems deliver 200 exaflops, or 200 quintillion calculations per second, of energy-efficient AI processing power.
New Grace Hopper-based supercomputers coming online include EXA1-HE, in France, from CEA and Eviden; Helios at Academic Computer Centre Cyfronet, in Poland, from Hewlett Packard Enterprise (HPE); Alps at the Swiss National Supercomputing Centre, from HPE; JUPITER at the Jülich Supercomputing Centre, in Germany; DeltaAI at the National Center for Supercomputing Applications at the University of Illinois Urbana-Champaign; and Miyabi at Japan’s Joint Center for Advanced High Performance Computing — established between the Center for Computational Sciences at the University of Tsukuba and the Information Technology Center at the University of Tokyo.

CEA, the French Alternative Energies and Atomic Energy Commission, and Eviden, an Atos Group company, in April announced the delivery of the EXA1-HE supercomputer, based on Eviden’s BullSequana XH3000 technology. The BullSequana XH3000 architecture offers a new, patented warm-water cooling system, while the EXA1-HE is equipped with 477 compute nodes based on Grace Hopper.

“AI is accelerating research into climate change, speeding drug discovery and leading to breakthroughs in dozens of other fields,” said Ian Buck, vice president of hyperscale and HPC at NVIDIA. “NVIDIA Grace Hopper-powered systems are becoming an essential part of HPC for their ability to transform industries while driving better energy efficiency.”

In addition, Isambard-AI and Isambard 3 from the University of Bristol in the U.K. and systems at the Los Alamos National Laboratory and the Texas Advanced Computing Center in the U.S. join a growing wave of NVIDIA Arm-based supercomputers using Grace CPU Superchips and the Grace Hopper platform.

Sovereign AI
The drive to construct new, more efficient, AI-based supercomputers is accelerating as countries around the world recognize the strategic and cultural importance of sovereign AI — investing in domestically owned and hosted data, infrastructure and workforces to foster innovation.

Bringing together the Arm-based NVIDIA Grace CPU and NVIDIA Hopper™ GPU architectures using NVIDIA NVLink®-C2C interconnect technology, GH200 serves as the engine behind scientific supercomputing centers across the globe. Many centers are planning to go from system installation to real science in months instead of years.

Isambard-AI phase one consists of an HPE Cray EX2500 supercomputer with 168 NVIDIA GH200 Superchips, making it one of the most efficient supercomputers ever built. When the remaining 5,280 NVIDIA Grace Hopper Superchips arrive at the University of Bristol’s National Composites Centre this summer, it will increase performance by about 32x.

“Isambard-AI positions the U.K. as a global leader in AI, and will help foster open science innovation both domestically and internationally,” said Simon McIntosh-Smith, professor of high-performance computing at the University of Bristol. “Working with NVIDIA, we delivered phase one of the project in record time, and when completed this summer will see a massive jump in performance to advance data analytics, drug discovery, climate research and many more areas.”

Accelerating Scientific Discovery
NVIDIA’s accelerated computing platform comprises NVIDIA Hopper architecture-based GPUs, NVIDIA Grace CPU Superchips, NVIDIA Grace Hopper Superchips, NVIDIA Quantum-2 InfiniBand networking and a full suite of NVIDIA AI and HPC software.

Nvidia rivals gold as shield against inflation, survey shows

THE biggest US tech stocks are not only a bet on innovation but also a possible hedge against inflation, according to some respondents in the latest Bloomberg Markets Live (MLIV) Pulse survey.

Gold, the haven of choice for decades, is still seen as the best safeguard against the risk of rising prices, according to 46 per cent of survey participants. But nearly a third said the tech behemoths are their first pick for the role.

Why this stock picker only recently bought NVIDIA (and why he's never owned Tesla)
In this episode of The Pitch, concentration is the game and working out the winners among the leaders is the challenge.

Hans Lee
Livewire Markets

There are market darlings, and then there is NVIDIA (NASDAQ: NVDA). The company, which designs chips for powering graphics and high-performance computing, is widely considered to be the company that will have the first and largest advantage in harnessing the artificial intelligence (AI) mega-trend. Its stock price is up over 70% year-to-date and in the past 12 months, it's up well over 190%.

If you've tried to bet against this stock either through deliberate shorting or just not owning it, it's been a very painful ride.

It's certainly been like that for Chris Smith and his team at Intermede Investment Partners. Intermede's portfolio, which has owned most of the Magnificent Seven for a long time, prides itself on finding high-quality global companies that can deliver consistent, double-digit earnings growth. But they never owned NVIDIA until two months ago.

So naturally, the question begs - Why?

"The more we thought about it, the more we felt comfortable with the fact that this is just more than a hardware company making a fast chip. There is a whole ecosystem around that and barriers to entry are quite high," Smith said before adding:

"We had been behind the curve on estimating the potential for this business and we decided to go with our upside case rather than our base case."
In this edition of The Pitch, Smith shares his thoughts on the Magnificent Seven and stock market concentration more generally. He also gives his views on some of the fund's portfolio holdings and recent earnings. Finally, he shares his thoughts on the two Mag7 companies they don't own - Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA).


EDITED TRANSCRIPT
Does all this concentration (and the hype around these stocks) worry you?
It is a different era, I would say. The Magnificent Seven are making up a larger and larger portion of the market. When we started 10 years ago, there wasn't a security in the market that was more than 2% of the benchmark. Now, we have several that are close to 5%. It has changed the way we manage the portfolio to some extent.

I think when you look at that Magnificent Seven group, most of them are delivering. It is justified by the moves that they've had in stock price. You have earnings growth growing mid-teens or better for most of them. Some are growing well into the 20's. You have revenue growth well into double digits for most of them.

You have multiples on some of these stocks that are below market average, less than 20 times on Meta (NASDAQ: META), and less than 20 times on Alphabet (NASDAQ: GOOGL). There's still pretty good value across the space. We do invest in quite a number of them.

Does this new paradigm you speak of change the way you perceive them as investment opportunities?
It does make it very critical that you have a view of all of these companies. Certainly missing out on one of them that's doing quite well can be very painful as a manager. There are a couple of examples that we might talk about. Nvidia (NASDAQ: NVDA) is one of them, that we didn't have last year. You do have to be very aware of these key names, and you have to have a view.

What has been the most interesting takeaway from earnings season so far?
I think the tech earnings have been interesting. You've seen revenue growth going quite well. You've seen it increasing contribution from AI. There's a lot of concern about all this capital going in. What kind of contribution are we getting? I think Microsoft (NASDAQ: MSFT) demonstrated that a lot of their Azure growth is coming from AI. They're seeing a good boost from that.

Amazon (NASDAQ: AMZN) as well as seeing some good uptick from AI. You saw an increase in AWS growth, the cloud part of the business, that they just reported very recently. That's partly driven by AI. I think it's pretty amazing. But you've seen CAPEX budgets that are already expected to be growing very significantly this year were pushed even higher for some of the big companies like Microsoft and Alphabet. More than 50% growth year over year, coming off already quite high levels. A lot of that is going to AI and that's the sort of thing we've been following.

Meta (NASDAQ: META) was the one that was viewed as a disappointment. They have been having this year of efficiency that's given them a lot of benefits. You saw a lot of margin expansion. Now, they're investing again, this time in AI. Hopefully, that turns out into something. It is a name that we have in the portfolio.

You only just bought NVIDIA in the last couple of months. Why did you buy it now?
It is a bit painful to buy a stock that's up that much, no question about that. But the more we thought about it, the more we felt comfortable with the fact that it's more than just a hardware company making a fast chip at the moment. There's a whole ecosystem around that. Barriers to entry in this space we think are quite high. The growth can be sustained given we've seen CAPEX budgets being increased on top of increases from a couple of months ago. That money is flowing to NVIDIA.

We had been behind the curve, I would say, on estimating the potential for this business. We decided to go with our upside case on the stock rather than our base case. On that basis, we had a 20% plus upside, which is what we look for to enter a name. We are still below benchmark weight, so we are being a little bit conservative on that. But it is one of our favourite names in the sector. We felt we couldn't keep betting against it, and effectively being short the stock.