Nvidia Will Touch Many Areas of the New Economy The shares’ outlook depends on the beholder’s perspective and objective. But in the eyes of investors, NVDA stock still seems attractive. I’m not an expert on technical analysis, but I can see that the chart of NVDA stock doesn’t look favorable.Īnd with a stock that’s climbed about 110% in the last 12 months, the easy gains look to be gone. It’s not surprising, though, that much of the mainstream financial news coverage is now geared towards providing actionable trading advice. The proliferation of traders in the stock market is exciting, and I believe that, in the long-run, it will be a net positive for most market participants. Consequently, traders may be wise to take some of the profits they’ve made on the shares.Īnd as they do, bullish investors should wait for the right time to buy the dip, since the stock will eventually power higher.
And news of Nvidia’s four-for-one stock split, set to take place on July 19, is also driving interest in NVDA stock.Ĭonventional wisdom states that even the best stocks don’t always go up. Some of the rally was due to the company’s strong first-quarter earnings. We believe many of the end use applications for Nvidia’s data center GPUs at Chinese customers are consumer-centric, and thus we think the firm should be able to attain licenses for these customers.Its share price has increased 17% just in the last month. In an SEC filing, Nvidia highlighted its fiscal third-quarter revenue outlook included about $400 million in potential revenue to China that could be subject to the new license requirement. The purpose of the new license agreement is to address risks related to military end use for Nvidia’s AI-related GPUs in the escalating U.S.-China tensions. Nvidia’s major cloud customers include Chinese firms such as Alibaba, Tencent, and Baidu for a variety of applications such as natural language processing, image recognition, and deep recommendation engines. We note Nvidia hasn't been selling products to customers in Russia since the outset of the Russia-Ukraine war. government imposed a new license requirement for certain Nvidia data center graphics processing units, or GPUs, (the current generation A100 and upcoming H100) exported to China or Russia.
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