{"id":15158,"date":"2024-09-30T08:48:07","date_gmt":"2024-09-30T08:48:07","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=15158"},"modified":"2024-09-30T08:48:07","modified_gmt":"2024-09-30T08:48:07","slug":"a-i-focus-of-nvidia-boosts-stock-and-earnings","status":"publish","type":"post","link":"https:\/\/www.global-vtrader.com\/en\/analysis\/a-i-focus-of-nvidia-boosts-stock-and-earnings\/","title":{"rendered":"A.I. Focus of Nvidia Boosts Stock and Earnings"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Nvidia has rallied 21.7% since the August low, but recent 3% decline indicates short-term volatility.<\/li>\n\n\n\n<li>The A.I. and data centre business remains a growth driver for Nvidia, with CEO Jensen Huang emphasising the importance of nuclear power for future data centre energy needs.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p class=\"wp-block-paragraph\">The continued success of Nvidia (Symbol: NVIDIA) in the A.I. and high-performance computing sectors is positioning it as a key player in the technology space, making it attractive for traders and investors alike.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2024\/09\/20240930-164129-1024x465.jpg\" alt=\"NVIDIA closed at 121.26, retreating from its recent highs after testing resistance at 127.60. The MACD indicator shows signs of waning momentum, as the histogram narrows and the signal line flattens, suggesting potential consolidation or further downside in the near term. The moving averages (24, 24, 72-period EMA) indicate that the price remains supported above key levels, with the 24-period EMA offering near-term support around 119.\" class=\"wp-image-15159\" style=\"width:1450px;height:auto\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><em>Picture: Nvidia stock price rise since August low, as observed on the<a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\"> VT Markets app<\/a>.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">NVIDIA\u2019s stock surged by over 21% from its August lows, underpinned by a sharp increase in demand for its AI-driven solutions in sectors like gaming, data centers, and advanced computing. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the chart, we can see the price tested a high of 127.60 but retraced slightly, indicating potential profit-taking at higher levels. The price is now consolidating around the 24-period EMA, currently at 121.43.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The MACD, while still in positive territory, is showing signs of a potential crossover to the downside, suggesting weakening momentum in the short term. Support is seen near the 72-period EMA, at 119, while resistance sits at 127.6. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This consolidation phase could continue ahead of key earnings announcements or broader market catalysts, with traders keeping an eye on industry demand signals for AI products to gauge future movements.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">We\u2019ve joined the U.S. government in the launch of the Partnership for Global Inclusivity on AI, providing Deep Learning Institute training, GPU credits and hardware and software grants to help make the benefits of safe and trustworthy AI accessible to all. <a href=\"https:\/\/t.co\/ScZJR0wd2f\">https:\/\/t.co\/ScZJR0wd2f<\/a><\/p>&mdash; NVIDIA (@nvidia) <a href=\"https:\/\/twitter.com\/nvidia\/status\/1838721769248526515?ref_src=twsrc%5Etfw\">September 24, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Outlook for Those Seeking to Trade Nvidia<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Traders should be cautious about potential pullbacks following the strong rally of Nvidia. The 3% drop could signify that the stock is entering a consolidation phase before its next leg up. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With earnings estimates continuing to rise and demand for A.I. infrastructure still growing, traders can expect support around current levels. However, profit-taking and macroeconomic factors may lead to short-term fluctuations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Related content: <a href=\"https:\/\/www.vtmarkets.com\/tools\/education\/trading-guides\/cfds-vs-share-dealing\/\">CFDs vs. share dealing<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Momentum traders should watch for the stock to bounce off support levels, while more conservative traders may wait for further confirmation of stability.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a><\/strong><strong> and<\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login\"> start trading<\/a><\/strong><strong> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A.I. focus from Nvidia drives strong earnings growth, with a 21.7% stock rally since August. Short-term volatility emerges after a small dip while traders eye support levels in the face of A.I. demand. -vtmarkets.com<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27],"tags":[33],"class_list":["post-15158","post","type-post","status-publish","format-standard","hentry","category-analysis","tag-stocks"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/15158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/comments?post=15158"}],"version-history":[{"count":0,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/15158\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/media?parent=15158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/categories?post=15158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/tags?post=15158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}