NVDA Stock Prediction: Nvidia Deserves A Price Target of $630

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

  • My July 27 prediction that NVDA will trade above $460 from its pursuit of ARM Holdings came true.
  • NVDA is again trading below $530. NVDA still deserves a 1-year price target of $630. Owning ARM Holdings is a massive tailwind for Nvidia.
  • SoftBank has agreed to Nvidia’s offer of up to $40 billion offer for ARM Holdings. Nvidia will pay $12 billion in cash plus $21.5 billion in NVDA common shares.
  • Nvidia also agreed to grant $1.5 billion equity to ARM Holdings’ employees and a future bonus payout of $5 billion in cash or NVDA stock based on future financial performance of ARM Holdings.
  • Nvidia promised to retain ARM Holdings as a British company. Nvidia said it will not revise the open-licensing business model. These promises should appease government regulators.

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Stocks Under $50: ANF, BJRI, and AMRK Gain Up to 33.38%

Caleres Inc. (CAL)

Caleres Inc. is one of the biggest footwear companies in the United States operating various footwear brands. Current brands include Famous Footwear, Naturalizer, Dr. Scholl’s Shoes, LifeStride, Bzees, Rykä, Sam Edelman, Allen Edmonds, Franco Sarto, Via Spiga, Vince, Diane von Furstenberg (DVF), George Brown Bilt, Carlos by Carlos Santana and Fergie Footwear. Its headquarters is located in Clinton, Missouri at St. Louis.

Over the past week CAL has shown outstanding growth in its stock price as I Know First predicted in their 3 days stock predictions for stocks under 50$. CAL was the top performing

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Volatility Ahead – VIX Index Surges as September Begins

The I Know First September 3rd AI algorithmic prediction was successful in foreseeing that VIX index would surge on this trading day and until today. In reality, the index went up by almost 26% on Thursday to 33.6, and slightly declined to 30.75 on Friday. It’s value remains higher than it’s closing value on Wednesday – around 26.

Source: Yahoo Finance

As more and more uncertainty about the future economic activity rises due to Coronavirus implications and new lock-downs worldwide triggered by the second wave of patients, the VIX predictions lead its way to the top of I Know First’s forecast

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