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This Week’s Stock Picks & BNN Top Picks Summary: MU-Q, MELI-Q and 22 Stock and 3 ETF Top Picks (Apr 26-May 02)Tech earnings, inflation data trigger reboundMarkets extend gains as earnings season hitsThis summary was created by AI, based on 117 opinions in the last 12 months.
Experts are generally bullish on NVIDIA Corporation, acknowledging its dominant position in the AI and semiconductor industries. They highlight the company's impressive earnings and revenue growth, as well as its strong demand for AI and GPU products. There is also consensus on the stock's high valuation and the need for caution due to its substantial run-up in price. Overall, the sentiment is positive but cautious, emphasizing the company's long-term potential but also the need for monitoring its valuation and market trends.
He has trimmed his position and taken profits but it is still delivering and at 30X earnings is OK considering the growth potential. There is big spending (billions) by Alphabet, Microsoft, etc. and Nvidia is still the dominant player.
Should be thankful it went down 15%. Poster child for AI revolution, and will remain so for at least the next 12-18 months. Such a franchise, leadership ahead of the competition in accelerator chips and packaging. 12-month price target of $975. One of the greatest secular stories in the whole semi business. Loves it.
He called Nvidia to peak on March 12, though it happened on March 8. He calls a bottom for May 13, followed by a brief relief rally. This is based on data of the Nasdaq's patterns stretching back 7 years of the "cycle forecast". So, sell not until mid-May, then you can buy back.
Difficult to determine direction of stock price. Very high quality company, but valuation is high. Chip demand is very high - A.I. demand not slowing down. Does not own stock at this time. Challenge is to determine position of company in 1-2 years (technology changing very quick).
In two years we think the AI momentum will continue to fuel NVDA. In particular, we think AI spend should continue over this timeframe and NVDA should keep growing at a high rate. In five years, it is of course hard to predict: NVDA will likely continue to grow but the semiconductor industry is cyclical so from a demand perspective there could be a bit of a slowdown. When a company's growth 'decelerates' the stock can take a big hit. Over this timeframe it will depend how NVDA innovates as a company, as well as how the industry evolves. We would expect a higher price over two and five years, skewed though towards two.
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Shares are correcting, though the company is fundamentally strong. The next report in May will be crucial with more pressure than ever to deliver earnings. Algo funds focus only on share price, so when it moves down like today, those algos accelerate selling.
It's the only company outside Super Micro that's delivering on AI. Also, MSFT. Their May 22 report will be crucial.
Expects a strong report on May 22. It's in correction territory now. But he finds their new partnerships encouraging.
Likes it. Pundits are calling it the most important stock in the world. Certainly contributes the most to the day-to-day variability in the S&P 500. Makes outsized moves, trading volumes, headlines. It's all about driving innovation in AI race. Undisputed leader. Must-own. Comfortable owning here.
Had a tremendous run, so he took the position size down a little while ago because it got too large. It's one you have to own as a proxy for building the power to build the models for machine learning. A generation ahead of anyone else in chip architecture and software. Expensive, but growing rapidly, deserves the move higher that it's had. Prefers it to AMD.
AMD is a bit of a show-me story.
He owns lots and just trims his position. Yes other companies could copy its products but at 30 to 40X earnings it is not priced too high. If it reaches $1000 they would be better off to split it. It is a 2 to 3 year hold.
NVIDIA Corporation is a American stock, trading under the symbol NVDA-Q on the NASDAQ (NVDA). It is usually referred to as NASDAQ:NVDA or NVDA-Q
In the last year, 85 stock analysts published opinions about NVDA-Q. 58 analysts recommended to BUY the stock. 16 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for NVIDIA Corporation.
NVIDIA Corporation was recommended as a Top Pick by on . Read the latest stock experts ratings for NVIDIA Corporation.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
85 stock analysts on Stockchase covered NVIDIA Corporation In the last year. It is a trending stock that is worth watching.
On 2024-05-03, NVIDIA Corporation (NVDA-Q) stock closed at a price of $887.745.
Firing on all cylinders. Still expensive at 19x forward price to sales. Management keeps executing, earnings keep coming in stronger. AI is coming, and NVDA is at the forefront. He prefers AMD.