nvda

The world of technology continues to evolve rapidly, with new trends and concepts emerging. One such concept that has gained attention is the metaverse, a virtual universe where people can interact and engage in various activities. However, recent data from DappRadar reveals a surprising trend: investments in the metaverse have accounted for a mere 10% of the figures recorded during the same period in the previous year. This raises questions about the future trajectory of metaverse technology and its place in the investment landscape.

To gain insights into this evolving landscape, we turn to Simon Peters, a Crypto Market Analyst at eToro. According to Peters, the first half of the year has been dominated by the buzz surrounding artificial intelligence (AI). Companies involved in AI, such as NVDA and META, have seen impressive performance in the market. This shift in focus from the metaverse to AI-related projects may have had a negative impact on the prices of metaverse-related crypto

Equities Of Europe Are Under Pressure

Speaking Of nVidia Stock, S&P500 (SPX), The Conflict In Eastern Europe And GBP State

Swissquote Bank Swissquote Bank 17.02.2022 10:42
Good mood didn’t last long as the US didn’t let the tensions de-escalate insisting that Russia is certainly not pulling back its troops but is rather increasing its presence at the Ukrainian border. The US warning hit the investor appetite at yesterday’s session and reversed the earlier week gains in stock indices. As a result, the safe have flows boosted gold, again, as crude oil remained steady around the $92 per barrel. US equities were soft but the S&P500 erased a part of losses at a late-session rally after the release of the Federal Reserve (Fed) minutes, the pricing on the fed funds front flipped to give more chance for a 25bp hike in March, instead of a 50-bp hike. In the FX markets, the US dollar remains strong, while the pound-dollar is eking out gains above the 1.35 mark as the high inflation in the UK keeps the Bank of England (BoE) hawks in charge of the market. Bitcoin is pointed as a risk to the global financial stability, as Fidelity launches Europe's cheapest Bitcoin ETP. In the individual stocks, Nvidia’s strong results didn’t boost the share price in the afterhours trading, Virgin Galactic couldn’t extend Tuesday’s days on worries that they may have some execution problems sending people to the moon and Roblox tanked 26% on softer results. Watch the full episode to find out more! 0:00 Intro 0:28 Ukraine update 1:22 Gold up, but gains vulnerable 1:54 US equities fine with the hawkish Fed minutes 3:38 Sterling gains on soaring inflation expectations 4:54 Cryptocurrencies: a risk to financial stability? 6:04 Why strong results don't boost appetite in Nvidia? 7:35 Why the space travel doesn't seduce investors? 8:34 And why Roblox is not in a good place to reverse losses? Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.
Decentralized Autonomous Organisation - Another Addition To Our Personal Dictionaries

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Investors spooked by renewed geopolitical tensions

FXStreet News FXStreet News 17.02.2022 16:10
Bitcoin price gets caught in a bearish triangle as tensions in Ukraine flare up again. Ethereum price returns to pivotal support, money repatriation goes into the second day. XRP price in pennant ready for a bearish breakout under the current sentiment. Cryptocurrencies are on the back foot as investors are getting worried about the escalating situation between Ukraine and Russia, as more reports come in from shots in the Donbas region near Luhansk. As the situation does not seem to de-escalate, investors are pulling their money out of what was believed to be the start of a solid and longer-term relief rally that is stalling at the moment. With more downside pressure to come, expect all significant cryptocurrencies to fall back to supportive pivotal levels. Bitcoin price falls into a bearish triangle, set to dip back below $40,000 Bitcoin (BTC) price is getting battered on Thursday after a fade on Wednesday that could still be attributed to some short-term profit-taking. The extension of the falls seems to confirm that sentiment is yet again dipping below zero towards risk-off. Investors pulling out their funds preemptively is reflected with the sharp decline in the Relative Strength Index, where the sell-side demand is outpacing the buy-side demand. In this context, Bitcoin price will remain under pressure for the rest of the week and could be set to slip below $40,000 in the coming days as the situation in Ukraine is set to deteriorate again, potentially inflicting further damage to the market mood. BTC price sees bulls unable to hold price action above $44,088 and in the process is forming a descending trend line that, together with the base at $41,756, is forming a bearish triangle. Expect Bitcoin valuation to decline further as the tensions around Luhansk increase by the hour. Once the $41,756 support is broken, the road is open for a nosedive towards $39,780 with the $40,000 psychological level broken yet again to the downside. BTC/USD daily chart A hail mary could be provided by the 55-day Simple Moving Average at $42,340, which already provided support on February 9 and February 15. With that move, a sudden breakthrough in the peace talks could become the needed catalyst to improve the situation and dislocate Bitcoin price action from the drag of the geopolitical news that is weighing. Bitcoin would see the demand on the buy-side blow up and see a big pop above $44,088. Ethereum bulls are breaking their jaws on the 55-day SMA as the price fades further Ethereum (ETH) price is getting crushed against the 55-day Simple Moving Average (SMA) around $3,143, with bulls unfit to push and try to close price action above it. After three failed attempts in a row, it is becoming clear that the bullish support is wearing thin as, on Tuesday, the daily candle closed above there, and even if the next day ETH price opened above again, it closed below the 55-day SMA. On Wednesday, finally, both the open and the closing price were below the 55-day SMA. This proves that sentiment has shifted in just three trading days and looks set to fade further away from the 55-day SMA on Friday. Expect going forward in the next coming hours that bulls will get squeezed against the wall at $3,018 with both a pivotal level and the $3,000 marker a few dollars below there. As tensions mount, expect some more negative headlines, a breach in defense of the bulls with even the monthly pivot at $2,929 getting involved in the crosshairs. Depending on the severity and the further deterioration of the political situation in Ukraine and the correction in the stock markets, it is possible to see a nosedive towards $2,695. ETH/USD daily chart Global market sentiment is hanging on the lips of Ukraine and the geopolitical situation. With that, it is clear that once the situation gets resolved or de-escalates, markets can shift 180 degrees in a matter of seconds. That same rule applies to cryptocurrencies where Ethereum could pop back above the 55-day SMA and even set sail for $3,391, breaking the high of February and flirting with new highs for 2022. Bulls joining the rally will want to keep a close eye and be mindful of the RSI, as that would start to flirt with being overbought and, from there on, limiting any further big moves in the hours or next trading days to come. Ethereum short squeeze could trigger a spike to $4,000 XRP price set to lose 10% of market value as headline news breaks down relief rally Ripple (XRP) price is stuck in a pennant and is close to a breakout that looks set to be a bearish one. As global markets are continuing the fade from Wednesday, XRP price is breaking below the recent low and sees bears hammering down on the ascending side of the pennant. As more negative headlines cross the wires, expect this to add ammunition for bears to continue and start breaking the pennant to the downside. XRP price will look for support on the next support at hand, which comes in at $0.78, and depending on the severity of the news flow, that level should hold again as it did on February 14. If that is not the caseany further downside will be cut short by the double bottom around $0.75 from February 12 and 13 and the 55-day SMA coming in at or around that area. With that move, the RSI will be triggering some "oversold" red flags and see bears booking profit. XRP/USD daily chart A false bearish breakout could easily see bears trapped on entering on the break to the downside out of the pennant as bulls go in for the squeeze. That would mean that price shoots up towards $0.88 and takes out this week's high. Bears would be forced to change sides and join the buy-side demand to close their losing positions, adding to even more demand and possibly hitting $0.90 in the process. XRP set to explode towards $1.00, bulls hopeful over SEC vs Ripple case
Final Target Hit on NYMEX Natural Gas!

Final Target Hit on NYMEX Natural Gas!

Sebastian Bischeri Sebastian Bischeri 23.02.2022 16:59
  The Natural Gas flight just landed after hitting its second and last target yesterday. The perfect trade does not exist, but this one has been developing pretty well following our flying map. In today’s edition, I will provide a trade review for Natural Gas futures (NGH22) following my last projections published on Friday Feb-11, for which the stop was also updated last Wednesday and trailed again last Thursday. Trade Plan Just to remember, our initial plan was relying on a gas market having to cope with stronger demand to fuel and increasing industrial activity after being surprised by the warming mid-February weather forecast. Hence, the projected rebounding floor (or support level) provided, which was ideal for the Henry Hub given the unyielding global demand for US Liquefied Natural Gas (LNG), providing a catapulting upward momentum. Then, it took a few days for the first suggested objective at $4.442 to be passed, and a few extra days for the second target located at the $4.818 level to be hit (as it was yesterday). Meanwhile, as I explained in more detail in my last risk-management-related article to secure profits, our subscribers were kindly and promptly invited to place their initial stop just below the $3.629 level (below one-month previous swing low), before receiving a couple of trading alerts suggesting they manually trail it up around the $3.886 level (around breakeven), then one more time up towards 4.180 (which corresponds to the 50% distance between initial entry and target 1), and finally to be lifted up to 4.368 optimally. Consequently, after a reconnaissance mission got close enough to target number 2, the Nat-Gas flight started running out of kerosene after passing through the first target like a fighter jet would break the sound barrier. Therefore, after getting refueled at a lower altitude (just above our highest elevation trailing stop) by a refuelling aircraft, the jet was finally ready to point and lock its last target before striking it. Here is a picture-by-picture record of that trade. First step: flight preparation on carrier ship Henry Hub Natural Gas (NGH22) Futures (March contract, daily chart) Second step: prices catapulted and stop lifted at breakeven once the mid-point target was reached Henry Hub Natural Gas (NGH22) Futures (March contract, daily chart) Third step: target one hit and stop dragged up Henry Hub Natural Gas (NGH22) Futures (March contract, daily chart) Zoom to target one (4H chart): Henry Hub Natural Gas (NGH22) Futures (March contract, 4H chart) Fourth step: mission reconnaissance to target two and refueling aircraft en route to refill the jet tank (stop trailing again) Henry Hub Natural Gas (NGH22) Futures (March contract, daily chart) Zoom to lock final target (4H chart): Henry Hub Natural Gas (NGH22) Futures (March contract, 4H chart) Fifth step: final strike to target two Henry Hub Natural Gas (NGH22) Futures (March contract, daily chart) Now, let’s zoom one more time into the 4H chart to observe the recent price action all around the abovementioned steps of our flying map: Henry Hub Natural Gas (NGH22) Futures (March contract, 4H chart) As you may observe, target one is now serving as a new landing space (support) for a new ranging market cycle. That’s all, folks, for today. I hope that you enjoyed the flight with our company! Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Oil Trading Alerts as well as our other Alerts. Sign up for the free newsletter today! Thank you. Sebastien BischeriOil & Gas Trading Strategist * * * * * The information above represents analyses and opinions of Sebastien Bischeri, & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Sebastien Bischeri and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Bischeri is not a Registered Securities Advisor. By reading Sebastien Bischeri’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Sebastien Bischeri, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
(NVDA) Nvidia Stock Price Plunged! Meme Stocks' Performance Seems To Be Surprisingly Good

(NVDA) Nvidia Stock Price Plunged! Meme Stocks' Performance Seems To Be Surprisingly Good

Swissquote Bank Swissquote Bank 09.08.2022 12:23
Nvidia shares dived 6.30% yesterday on news that the company missed its revenue projection by $1.4 billion due to slower demand for PCs and gaming. Nvidia pulled other US chipmakers into the negative along with it, and brought the question of whether the chip rally, which was triggered by a $52 billion government help is over. US Dollar Index Amid NFP The dollar index gave back gains following the blowout NFP figures printed on Friday. Investors are confident that inflation in the US may have peaked last month, as the New York Fed's Survey of Consumer Expectations showed steep drops in inflation expectations in July. Forex - EUR/USD and more In the FX, the EURUSD is steady around the 1.02 level, waiting for the dollar to soften on ‘good news’ to make a further attempt toward the 1.0350 mark, where stands the 50-DMA. Given that the European Central Bank (ECB) played its biggest cards at last meeting, there is not much upside potential from the ECB standpoint. On the dollar-yen front, traders now call the end of a particularly winning long USDJPY trade this year. View on Flipboard!   Watch the full episode to find out more! 0:00 Intro 0:23 Nvidia plunges on slowing earnings 1:44 The revenge of energy stocks 3:10 Crude oil: where to? 4:59 Meme stocks rally, but gains are fragile 6:06 US inflation expectations ease before CPI print 7:52 FX update: EURUSD steady, USDJPY under pressure For economists, inflation expectations are more important than the actual data. Find out why! ▶️ Discover today's market highlights on our #MarketTalk with @IpekOzkardeskay: https://t.co/XnXQYVPS3H pic.twitter.com/v4SJEssR8z — Swissquote (@Swissquote) August 9, 2022 Ipek Ozkardeskaya Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020. #Nvidia #earnings #drop #chip #energy #meme #stocks #BBBY #AMC #XOM #Chevron #crude #oil #US #inflation #expectations #EUR #USD #JPY #SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news #Swissquote #MarketTalk #marketanalysis #marketcommentary _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH
­čôł Tech Giants Soar, ­čĺÁ Dollar Plummets! Disney-Charter Truce, Wall Street's AI Warning!

Nvidia Stock Price May Move Rapidly This Week! Salesforce Release Its Earnings Too!

Swissquote Bank Swissquote Bank 22.08.2022 11:29
The trading week kicks off on mixed sentiment. Last week marked the end of a four-week rally in the US stocks, and the new week starts with unpleasant new that drought in China’s Sichuan region will cause ‘severe’ power cuts. The S&P500 will kick off the week after having slid 1.20% last week, Nasdaq will be testing the bull’s nerves after having lost more than 2.5% over the course of last week. All eyes will be on the Federal Reserve’s (Fed) Jackson Hole meeting. This year, Jackson Hole may have a bigger-than-usual impact on investor sentiment, as investors don’t really know where the market is going, as the market doesn’t really know where the Fed is going. In the FX, the US dollar consolidates strength as euro traders keep a close eye on the flash PMI figures today to see the impact of the latest spike in energy prices on economic activity. On Friday, the German PPI data came as a shocker, with more than a 5% rise in factory-gate prices only during July, due to a nearly 15% rise in energy prices, ONLY IN JULY. Elsewhere, the strong dollar continues pressuring gold to the downside. The price of an ounce retreated to $1743 this morning, as Bitcoin struggles to hold ground above the $20K level. If we see the US stocks, especially tech stocks, give back gains this week, we could see Bitcoin vanish below the $20K mark. Zoom Video, Nvidia, Salesforce, Dollar Tree and Peloton Interactive   On corporate side, Zoom Video, Nvidia, Salesforce, Dollar Tree and Peloton Interactive will reveal earnings this week, and Tesla’s 3-for-1 stock split will become effective from Aug 24th. Watch the full episode to find out more! 0:00 Intro 0:25 Market update 2:33 All eyes on Jackson Hole 6:23 EURUSD eyes parity 7:31 Gold, Bitcoin under pressure 8:22 Nvidia to reveal earnings, Tesla to split in 3 Ipek Ozkardeskaya Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020. #Jackson #Hole #Fed #monetary #policy #inflation #USD #EUR #China #drought #PBoC #rate #cut #Nvidia #Zoom #SalesForce #DollarTree #Peloton #earnings #Tesla #stocksplit #gold #XAU #Bitcoin #SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news #Swissquote #MarketTalk #marketanalysis #marketcommentary ___ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr ___ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 ___ Let's stay connected: LinkedIn: https://swq.ch/cH  
BOC Rate Hike Odds Rise to 28.8% as Canada's Economy Shows Resilience

US Government Imposes Additional Licensing Requirements On Several Of Nvidia (NVDA) Sophisticated Products

Rebecca Duthie Rebecca Duthie 01.09.2022 18:12
Summary: Nvidia stock price falling. Thursday's premarket trade saw a more than 5% decline in Nvidia stock. Nvidia (NVDA) SEC filing In a filing with the Securities and Exchange commission on Wednesday, chip giant Nvidia (NVDA) informed investors that the U.S. government has imposed additional licensing requirements on several of its sophisticated products. Unless Nvidia obtains a license to sell quickly, this will have an impact on sales to Russia and China. Part of the submission stated that according to the government, "the new licensing requirement will address the possibility that the covered products may be utilized in, or diverted to, a 'military end use' or 'military end user' in China and Russia." Although Nvidia noted that it doesn't conduct business with Russia, $400 million in third-quarter sales to China may be at risk. Currently, $5.9 billion in third-quarter sales are anticipated for the corporation by Wall Street. In a new SEC filing on Thursday, Nvidia stated that the government had approved some chip development as well as chip sales through Hong Kong till September 2023. Investors will continue to have reservations about Chinese chip sales for the overall sector in the upcoming months. Thursday's premarket trade saw a more than 5% decline in Nvidia stock. Since the recent SEC filing, shares have somewhat recovered their losses. The price of Tesla (TSLA) stock fell 1% in premarket trades as well. Nvidia hardware was used by some older Tesla models, although Tesla seems to have stopped using Nvidia as a chip hardware supplier recently. After being contacted for comment regarding any Nvidia goods used, Tesla didn't react right away. NVDA Price Chart Sources: finance.yahoo.com, barrons.com
German industrial production slumps for third straight month, raising recession risk

NVIDIA (NVDA) Stock Price Touching 52-Week Lows

Rebecca Duthie Rebecca Duthie 20.09.2022 14:00
Summary: Nvidia's stock price last week reached new 52-week lows. Nvidia foreshadowed a significant revenue shortfall. NVIDIA price chart Nvidia's stock price last week reached new 52-week lows after falling more than 60% from its highs. Watch this important support area right away. The pioneer of revolutionary graphics chips, Nvidia (NVDA), has had a difficult year. The stock hit fresh 52-week lows on Friday and is now 64% below its November 52-week high. It has not been a terrific stretch for the stock, to put it frankly. The Santa Clara, California, corporation is not the only one, to be sure.   Nvidia foreshadowed a significant revenue shortfall, then followed that with a sluggish quarter and dismal guidance. This week, Nvidia will host its GTC event, which could serve as a trigger. However, it is facing strong fundamental and technological momentum. Despite all of this, Nvidia has a great future and its stock has been severely undervalued. I want to look at the stock again for that reason. The harsh correction of Nvidia's shares, which saw a drop of more than 63%, is depicted on the weekly chart up top. On Friday, the shares recovered after touching the 200-week moving average. For almost a month, we have been keeping an eye out for this mark's tag. After all, the trend has been on your side if you are short Nvidia. However, many of these shorts also believe that Nvidia's 200-week moving average may serve as significant support and that the company has a limited downside. The Nvidia stock has experienced significant reductions throughout the years. The stock has had three significant drops of more than 50% in the past 12 years, but—and this is a big but—never more than 57.5%. The bottom line: Over the past twelve years, Nvidia stock has experienced maximum drops of 54% to 57.5%. A recent drop of 63.5% from its highs and entry into a significant support region could serve as a bounce area. An accumulation approach might not be the worst choice for long-term investors. NVDA Price Chart Sources: finance.yahoo.com, thestreet.com
European Markets Face Headwinds Amid Rising Yields and Inflation Concerns

NVIDIA (NVDA) Stock Price Dropped On Tuesday

Rebecca Duthie Rebecca Duthie 11.10.2022 19:37
Summary: The Biden administration's decision to limit electronics exports to China last week. Citigroup reduced Nvidia's price objective by $38 to $210 per share. Nvidia (NVDA) share price drops due to biden administration Following the Biden administration's decision to limit electronics exports to China last week, Nvidia (NVDA) led chip stocks lower on Tuesday amid a flurry of analyst downgrades and broader sector repricing. Late last week, Advanced Micro Devices (AMD) issued a warning regarding near-term revenue growth, and weakening PC and smartphone demand also put pressure on already-weak chipmakers. Additionally, President Joe Biden's decision to severely restrict the sale of equipment to China-based companies used in the production of advanced semiconductors gave further downside momentum. In the United States, Intel also suffered as a result of analysts at Wells Fargo lowering their price target on the chipmaker and noting a steep drop in near-term sales amid broader sector weakness. In contrast, Citigroup reduced Nvidia's price objective by $38 to $210 per share due to slowing growth rates in the market for cloud computing hardware. Nvidia shares fell 2.4% in early Tuesday trading to trade at $113.85 per share. The Biden administration announced further extensive restrictions on the sale of semiconductors and related equipment to China on Friday. Then, today, the International Monetary Fund (IMF) lowered its projection for global growth, hurting morale as well. And to top it all off, the Chinese government has decided to lock down major cities once more in an effort to stop the spread of COVID-19, which has recently caused supply chain issues. The new limits on high-end processor sales to China could notably hurt Nvidia. Although the administration had already ordered Nvidia to stop selling its top-tier data center GPUs to China back in late August, the administration's latest limitations on equipment sales to China last week only serve to further cement the two nations' technical separation. It's important to note that Nvidia estimated that the limits would affect around $400 million in revenue, or about 7% of projected revenue, if they were completely enforced. NVDA Price Chart Sources: finance.yahoo.com, thestreet.com, fool.com
European Markets Face Headwinds Amid Rising Yields and Inflation Concerns

Nvidia's earnings beat expectations. Did you know that crypto mining account for ca. 1% of company's revenue?

Conotoxia Comments Conotoxia Comments 17.11.2022 16:12
On Wednesday, we were able to learn about the Q3 financial report of the software giant Nvidia Corp. (Nvidia), a technology company that develops software and processors, among other things. Although the recent environment seemed unfavourable, the financial results may have positively surprised analysts. Is Nvidia's performance dependent on cryptocurrencies? Along with Intel and AMD, Nvidia is one of the top three suppliers of processors and graphics cards. It seems that one of its revenue drivers is the sale of chips, used especially in graphics cards. It could be thought that, due to their computing power, they were mainly bought by cryptocurrency 'miners' in recent years. Following recent problems and the bankruptcy of one of the largest cryptocurrency exchanges, bitcoin (BTC/USD) has seen a decline of more than 76% since its peaks. Read next: Many sued in FTX scandal, Elon Musk to reduce his time at Twitter, EU stocks edged higher on Thursday| FXMAG.COM However, Nvidia states: "We believe the recent transition in verifying Ethereum cryptocurrency transactions from proof-of-work to proof-of-stake has reduced the utility of GPUs for cryptocurrency mining." This category, according to the report, makes up around 1.2% of revenue, illustrating how small this segment is for the company. Source: Conotoxia MT5, BTCUSD, Weekly The company's Q3 revenue was US$5.93 billion (US$5.77 billion was expected), down y-o-y. by 22%. Cloud computing power sales service accounted for as much as 65% of the company's revenue and sales. This increased by 29% year-on-year. In second place was revenue from the gaming sector, accounting for 26% of revenue, but recording a decline of 51%, which appears to be the aftermath of the pandemic. With this data, we could say that Nvidia's performance does not appear to be linked to risks in the cryptocurrency market. An additional argument in favour of the independence of these assets is their correlation, which stands at 0.55 since the beginning of the year, which may indicate their low level of dependence. Earnings per share EPS for the period came in at US$0.58, below analysts' expectations (US$0.69 was expected). The company's gross margin was also negative, falling to 53.6% (previously 65.2%), which the company attributed to increased chip inventory due to falling demand in China. Maribel Lopez, principal analyst at Lopez Maribel comments: “...there is a long tail of AI workloads which will create a return to growth, but it may take several quarters ”. “The issue for Nvidia is the short term, the next several quarters will be rough. Investors will have to take a longer view, similar to what’s required with Intel." - Lopez said. What does Wall Street think of Nvidia shares? Source: Conotoxia MT5, NVDIA, Daily According to Market Screener, the company has 40 recommendations, with 'buy' opinions prevailing. The average target price is set at USD 200.93, 26% higher than the last closing price. The lowest target price is at USD 320 and the highest is USD 110. Author: Grzegorz Dróżdż, a Market Analyst of Conotoxia Ltd. (Conotoxia investment service) Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75,21% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read the article on Conotoxia.com
The Current War Between China And The United States Over Semiconductor Chips Is Gaining Momentum

Nvidia expects its earnings will beat Q3 results in the next quarter

FXStreet News FXStreet News 17.11.2022 16:02
NVDA stock gains more than 2% after hours following Q3 earnings. Nvidia missed non-GAAP EPS consensus by 17%. Management expects Q4 revenue to be higher than Q3. Nvidia (NVDA) stock gained 2.2% to $162.60 late Wednesday despite the fact that the premier chip designer in the world missed the Wall Street non-GAAP line of $0.70 a share. Adjusted earnings per share (EPS) actually came in more than 17% below consensus at $0.52. "Why the advance for Nvidia price then?" you ask. It pretty much comes down to revenues. The market was expecting a third poor quarter in a row on the revenue front, but Nvidia emerged in Q3 with $5.93 billion. This was about $115 million ahead of the Street's average forecast. Nvidia earnings news The real silver lining, if you want to call it that, is that management pushed revenue expectations for Q4 higher than the present. Nvidia sales have been in a freefall for most of 2022 as many crypto miners have gone belly-up in the face of falling crypto prices and stopped buying their usual allotment of GPUs. Management, however, guided for $6 billion in Q4 sales, adding that the range was just 2% above or below that figure. The top line of that range at $6.12 billion was still about $20 million below the earlier analyst consensus, but the market has been optimistic this week. Much of that optimism is spillover from inflation data coming in soft and the US Midterm Elections having passed, but the market seems to believe that the worst is over for the semiconductor giant. Though Nvidia's share price remains down 47% year to date, NVDA stock has charged forward more than 35% in the past month. This does seem somewhat surprising, seeing as revenue is down about 17% YoY and EPS in Q3 was down by more than half over that same time period. Management's guidance for gross margin, however, also turned heads. Despite finishing the third quarter with a 56.1% adjusted gross margin, the executive said it would hit 66% in the fourth quarter. This signals to shareholders that notwithstanding the higher inventory levels reducing demand this year, Nvidia is not even close to being a price taker. While the gaming segment continues to deteriorate, down 51% YoY, data center revenue continued to outperform. Sales from that segment rose 31% YoY despite softness in China stemming from covid lockdowns. A big reason for its fall in gross margin during the quarter was a $700+ million charge caused by this lower demand from Chinese data centers. Read next: Many sued in FTX scandal, Elon Musk to reduce his time at Twitter, EU stocks edged higher on Thursday| FXMAG.COM Executives said the inability to sell its A100 and H100 data center processors to Chinese customers due to ongoing US sanctions also hurt results, but that Chinese customers instead chose to bulk up on other products. "We’re seeing surging demand in some very important sectors of AIs and important breakthroughs in AI," said CEO Jensen Huang, while noting that demand for general-purpose computing chips had slowed. "One is called deep recommender systems, which is quite essential now to the best content or item or product to recommend to somebody who’s using a device that is like a cell phone or interacting with a computer just using voice." Nvidia stock forecast Nvidia stock is beginning to trade lower in Thursday's premarket, however, alongside the broad market. Shares are off 1.4% in line with the Nasdaq Composite, so this does not seem to be a result of Nvidia's earnings. The major event has been St. Louis Federal Reserve President James Bullard saying that a "doveish" Fed policy from this point would still require a full one percentage point hike to the fed funds rate. If the market does seek support, NVDA stock can find it at the 9-day moving average near $153. A more drastic sell-off could force it down to the 21-day average at $140. For bulls to come back into this name, Nvidia stock needs to break above the Tuesday high at $170. The Moving Average Convergence Divergence (MACD) is still in a bullish crossover stance, but it has begun to move sideways. NVDA 1-day chart
UK PMIs Signal Economic Deceleration, Pound Edges Lower

NVIDIA (NVDA) Q3 earnings results outperformed part of the markets forecasts

Rebecca Duthie Rebecca Duthie 17.11.2022 17:59
Summary: Revenue surpassed analysts' projections, earnings per share lagged behind. Nivida’s Q4 revenue estimates fell short of investor expectations. NVIDIA Q3 earnings The industry leader in graphics chips, Nvidia (NVDA), released its Q3 earnings results after the market closed on Wednesday. While revenue surpassed analysts' projections, earnings per share lagged behind. According to data provided by Bloomberg, the company outperformed Wall Street forecasts in the following areas: revenue ($5.93 billion vs. $5.79 billion projected). EPS after adjustments: $0.58 vs. $0.70 anticipated. Gaming income was $1.57 billion as opposed to the predicted $1.32 billion. Revenue from data centers: $3.83 billion versus $3.7 billion anticipated. With a $6 billion forecast, Nvidia's Q4 sales fell just shy of Wall Street estimates. Analysts anticipated $6.09 billion. Shares of Nvidia increased by about 2% after the revelation. In the quarter, income from data centers increased by about 31% year over year, but revenue from gaming fell by 51%. As consumer and commercial demand for electronics has decreased following the enormous rise the sector experienced during the epidemic, chip stocks have taken a beating this year. After stocking up during shutdowns, consumers don't need as many computers, and businesses already have plenty of equipment for their remote and hybrid workers. The future of NVIDIA Nvidia reduced chip manufacturing in Q2 while CEO Jensen Huang informed investors that the business was attempting to better match inventory to chip demand. During the pandemic, Nvidia's graphics chips were in such great demand that they were fetching hundreds of dollars more than their retail costs. However, as people resumed their pre-pandemic lifestyles, demand for chips decreased and prices returned to normal. Nvidia is also making efforts to maintain its ability to sell its premium goods in China. As a substitute for the A100 chip, which the U.S. government claimed was too potent to be shipped to China, Nvidia started selling its new A800 processor there during Q3 of this year. The administration is concerned that China will employ the technology for military purposes. NVDA Price Chart Sources: finance.yahoo.com
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Palantir Stock Forecast: With PLTR up 55% on month, can May rally continue?

FXStreet News FXStreet News 24.05.2023 16:22
PLTR stock has risen 55% over the past month. Investor Cathie Wood has purchased PLTR across her Ark Invest ETFs. Palantir’s relationship to artificial intelligence has also buoyed the stock. Palantir stock formed a bullish Golden Cross pattern on the daily chart in early April.   Palantir (PLTR) stock has run up 55% over the past month after the market’s excitement over first quarter earnings and the related euphoria for all things artificial intelligence (AI). Palantir’s big data platform for militaries, governments and corporations utilizes AI, hence the excitement as other AI-linked stocks like Nvidia (NVDA), C3.ai (AI) and Upstart (UPST) have all benefited in recent weeks. After two straight weeks of more than 20% gains, Palantir stock is up 7.9% so far this week but down nearly 3% in Wednesday’s premarket. The pullback mid-week is primarily due to pessimistic remarks from House Speaker Kevin McCarthy on the debt-ceiling negotiations in Washington. Palantir stock news: Cathie Wood adds to PLTR frenzy Palantir stock had languished down near its IPO reference price for much of the past year after dropping more than 80% from its all-time high of $45 in January of 2021. That all changed on May 8, when Palantir released its first-quarter results. PLTR stock gapped up, consolidated for a week around $10, and then shot up over the past week to close at a 13-month high on Tuesday at $12.64. That price level has not been reached since April 2022. Investor Cathie Wood has helped to invigorate the rally this week. A long-time supporter of Palantir, Wood’s once-meteoric Ark Invest family of ETFs announced large buys this week. It is uncertain what made her team plough back into the stock more than a week after earnings, but its Ark Innovation ETF announced the purchase of more than 240,000 shares on Monday, its Ark Fintech ETF bought more than 54,000 shares, and its Ark Next Generation ETF acquired more than 42,000 shares. Wood is still a much-followed investor in tech and growth stocks, and so her purchases are closely followed by retail traders. Palantir CEO Alex Karp impressed the market with first-quarter results when he said that the data mining firm should be profitable all year. Until then, many analysts expected slight losses as the company focuses on driving revenue growth. However, revenue came in $19 million, or about 4% ahead of analyst consensus in the first quarter, so the market has drawn from this that profits and strong revenue growth can now be won in tandem. Still, debt talks in Washington are beginning to hold back equities this week, with NASDAQ 100 futures down 0.4% before the bell. Likewise, many in the market will wait to enter until FOMC minutes arrive at 18:00 GMT. Palantir has billions of dollars worth of US government, especially military, contracts that could get cut, postponed or face late payments if US legislators cannot agree to raise the debt limit in the next few weeks. Additionally, a debt compromise could result in major cuts to federal spending that lead to lowered guidance at Palantir. Palantir stock forecast Palantir stock has already reached a strong resistance band that stems from January and February of 2022. It ranges roughly from $12 to $14. The past two weeks have seen long wicks on the weekly chart once price action advanced into this region. A break of $14 will allow bulls to make a run at the April 2022 high of $14.86. PLTR weekly chart A close above that price could spur an attack at the $19 resistance level, which can be seen on the daily chart below. That level put a ceiling on price action during a long spell of consolidation in December of 2021. A Golden Cross formation – when the 50-day moving average crosses above the 200-day moving average – commenced in early April and seems to have given the first glimpse that a rally was in the cards. Still, the debt standoff in Washington, and especially if the US defaults on Treasury payments in June, could choke off any optimism in the market over the coming weeks. If this leads to a market exodus, then any pullback from this point in PLTR stock should coalesce around the August 2022 high at $11.62. PLTR daily chart
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The Future of Metaverse Technology: Navigating the Shifting Investment Landscape

Simon Peters Simon Peters 07.07.2023 12:13
The world of technology continues to evolve rapidly, with new trends and concepts emerging. One such concept that has gained attention is the metaverse, a virtual universe where people can interact and engage in various activities. However, recent data from DappRadar reveals a surprising trend: investments in the metaverse have accounted for a mere 10% of the figures recorded during the same period in the previous year. This raises questions about the future trajectory of metaverse technology and its place in the investment landscape. To gain insights into this evolving landscape, we turn to Simon Peters, a Crypto Market Analyst at eToro. According to Peters, the first half of the year has been dominated by the buzz surrounding artificial intelligence (AI). Companies involved in AI, such as NVDA and META, have seen impressive performance in the market. This shift in focus from the metaverse to AI-related projects may have had a negative impact on the prices of metaverse-related crypto tokens.      FXMAG.COM: Data from DappRadar shows that in the first half of 2023, investments in the metaverse barely accounted for 10% of those in the corresponding half of the previous year. What's next for metaverse technology?   Simon Peters, Crypto Market Analyst at eToro, said: AI has been the 'buzzword' in the first half of the year. From NVDA to META, companies with exposure to AI have typically been the best performers this year. Perhaps investors' focus has shifted away from the Metaverse to more AI related projects and this, in turn, has negatively affected the price of Metaverse related crypto tokens. Price direction will be tied to the macroeconomic climate. Factors including cooling inflation, a pause in interest rate hikes and advancement in crypto regulation could be positive for asset prices in the near future. Nevertheless, the concept of the metaverse is still very much in its infancy. With more and more people shifting towards remote working and spending more time online, this space has massive potential.  
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Norges Bank's Battle Against Inflation: The Impact on the Norwegian Krone

Jakob Westh Christensen Jakob Westh Christensen 07.07.2023 12:00
The Norwegian economy and the actions of the country's central bank, Norges Bank, have been closely observed amidst the challenges posed by inflation and its impact on the Norwegian krone. In light of the latest data from the Norwegian economy, market participants eagerly seek insights into the central bank's response and its implications for the currency.   According to Jakob Westh Christensen, eToro Nordic Market Analyst, Norway took early action in addressing inflation concerns. When inflation emerged globally towards the end of 2021, the ECB and the Fed viewed it as transitory and delayed taking action. In contrast, Norges Bank promptly implemented its first interest rate hike in September 2021. Although the country has managed to keep inflation below double-digit levels experienced by other European nations, recent data paints a concerning picture. In May, inflation in Norway rose to 6.7% from 6.4% the previous month, indicating a worrying upward trend.     FXMAG.COM:  How would you comment on the latest data from the Norwegian economy and the actions of the central bank there, and what about the Norwegian krone as a result?    Jakob Westh Christensen, eToro Nordic Market Analyst said: Towards the end of 2021, when inflation began to emerge around the world, and the European Central Bank (ECB) and the Federal Reserve (Fed) saw the inflation as transitory and failed to act, Norges Bank (Central Bank of Norway), acted promptly by implementing its first interest rate hike in September 2021. Despite successfully keeping inflation below the double-digit levels experienced by many European countries, the Scandinavian country has yet to witness the same decline in inflation as most other countries are currently experiencing. On the contrary, the latest data shows a concerning increase in May, with inflation rising to 6.7% from 6.4% the previous month. Thanks to its self-sufficient energy production and government support, Norway has been shielded from the severe energy price spikes that affected many other European countries. But their tight labour market and the weak currency continue to fuel inflation. The country, with a population of 5.5 million, has a tight labour market with an unemployment rate of just 3.5%, experiencing robust wage growth. At the same time, the depreciation of the Norwegian krone against the US dollar and the euro further complicates the situation for the import-dependent economy, driving up the costs of everyday imported goods. The decline in oil prices explains part of the oil-exporting nation’s weakened currency. But also, the diminishing interest rate differential with major economies like the US and the Eurozone reduces the attractiveness of holding the Norwegian currency for investors. To counter the weakening of the Norwegian krone and combat inflation, Norges Bank raised the policy rate by 0.50 percentage points to 3.75% in late June, providing some support for the currency. However, the central bank acknowledges that the fight is far from over and has indicated the likelihood of another rate hike at the upcoming meeting in August, with the policy rate potentially rising to 4.25% during the autumn. While Norges Bank was the first to enter the battle against inflation, it might turn out that they will also be the last to leave it.  

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