NVIDIA Archives - FaithMight

September 4, 2024September 4, 2024

Nvidia Stock Falls After Earning Report

As of September 2024, NVIDIA has a market cap of $2.692 Trillion. This makes NVIDIA the world’s third most valuable company. Nvidia lost $279 billion in value during yesterday’s tech-market selloff, the biggest single-day market-cap decline on record. Prior to this price fall, price of Nvidia fell by 8% on Monday. Nvidia posted modestly better-than-expected second earnings last week, albeit against elevated expectations for the market’s hottest stock.

Despite the recent loss in the value of Nvidia, it’s still been a profitable year for Nvidia. The opening price of Nvidia in 2024 was $49.49. Price reached an all-time high in June 2024 at $141.41. After this high price, there was a correction. This correction made price hit an August low at $90.20. A bounce has since then occurred with the current price at $108.61 as at the time of this publication.

Price of Nvidia might fall to $78.91 in the coming weeks as the bears are active. Price has been overbought using the RSI on the daily chart multiple times, but the four-hour chart shows price has been oversold. This oversold position is not a guarantee for a price recovery. Price is currently in the bear region on the four-hour chart.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stock in your portfolio? Schedule a meeting with us here

May 30, 2024May 30, 2024

Nvidia Is Now The Third Most Valuable Company.

Nvidia Corporation is one of the largest developers of graphics processors and chipsets for personal computers and game consoles. The head office is in Santa Clara, California. NVIDIA Corporation does not have its own manufacturing facilities and therefore works according to the fabless principle.

The company was founded in January 1993 by Jen-Hsun Huang, Curtis Priem and Chris Malachowsky. In May 1995, Nvidia launched the NV1 (STG-2000), one of the first 3D accelerator processors (GPU). In January 1999, Nvidia was included in the NASDAQ (NVDA) and delivered the ten millionth graphics chip in the same year. In the Forbes Global 2000 of the world’s largest companies, Nvidia ranks 572 (as of: 2017 financial year). The company had a market value of approximately US $155 billion in mid-2018.

Fast-forward to May 2024, $NVDA is the third most valuable company in the world with a market capitalisation of $2.829 Trillion. On March 8, 2024, Nvidia reached a high of $977 before price fell to $755 in April 2024. A rally began in the latter part of April which has resulted into Nvidia reaching new highs in May 2024.

In the month of May, Nvidia had at least 5 Gap ups on the daily chart. $NVDA is currently at $1134. There might be a price reversal to these gap ups in the coming weeks. This reversal might eventually drop the price of Nvidia to $784. Eventually if Nvidia price fall to the $784 price level, Nvidia might no longer be the third most valuable company in the world. RSI on the weekly and daily shows price has been overbought.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here

October 10, 2023October 10, 2023

Nvidia Share Falls After An All-Time High

Nvidia Share Price falls after an All-time High

Nvidia Corporation is an American Multinational technology company founded in April 5, 1993. Nvidia Corporation is one of the largest developers of graphics processors and chipsets for personal computers and game consoles. Nvidia has a market cap of $1.118 Trillion as of October 2023. As of this year, Nvidia had a workforce strength of 26,196 and has made a revenue of $26.97 billion.

Unlike many other stocks, Nvidia investors enjoyed a smooth ride during the 2020 lockdown. Prior to 2020, the support level of Nvidia was at $28 per share in December 2018. The bulls picked up momentum and a rally began that would last between December 2018 and November 2021 when price peaked at $347.

A major fall in the price of Nvidia occurred after price hit $347. The reversal in price made price reach $103.61 in October 2022. That is to say, for the most part of 2022, the bears were in charge of the Nvidia stock. There was a bounce in November 2022. This bounce began from the 2022 low at $103.61 and continuously rallied until price broke the $347 high. An all-time high has been reached at $500 and this happened in August 2023. Recently, price corrected and fell to $410 in September as RSI has been overbought multiple times since January. In the coming weeks, we might see price rally back to $490.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here.

January 26, 2023January 26, 2023

Nvidia Rallies To Previous Resistance Level

NVIDIA is an American multinational technology company based in California, USA. The company designs graphics processing units. It was founded on the 5th of April, 1993 by Jensen Huang, Curtis Priem, Chris Malachowsky. As of 2022, NVIDIA made a yearly revenue of $26.91 billion. As of that same year, NVIDIA had a staff strength of 22,473.

The lowest value of NVIDIA since August 2020 stands at 108.70, which also stands as the support level of 2022. The year 2022 was not a good year for NVIDIA investors as price opened at $298.12 and closed at $146.03 – a 39% loss. There seems to be relief as price began to rally after a bounce from support in the last quarter of 2022. 2023 opened at $147 and price has rallied to $191.93, a 30.5% increase in about a month. The last time price of $NVDA was at $191.93 was in August 2022, which was the previous resistance level.

We might be seeing the price of $NVDA reaching $200 per share in the coming weeks.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get stocks in your portfolio? Schedule a meeting with us here