Nvidia Stock Forecast: Why Nvidia Deserves A Price Target of $320

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:

  • I correctly predicted last April 2 that Nvidia’s stock would hit $300 before June. My previous argument that COVID-19 is boosting Nvidia was judicious.
  • NVDA breached the $300 price barrier last April 27. It did it again last May 6, and it closed at $297.79. This is still higher than April 2’s closing price of $247.03.
  • My new 1-year price target for NVDA is $320. The inability of AMD to compete in data center GPUs means NVDA will continue to soar higher.
  • Nvidia will report its next quarterly earnings numbers on May 21. Going long on Nvidia two weeks before this happens might turn out profitable.
  • The predictive algorithm of I Know First has a super mega bullish one-year Nvidia stock forecast score.

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Winning Stock Forecast: Netflix, Amazon, Nvidia

Netflix (NFLX)

(source:www.journaldugeek.com)

Over the period of April 5th to April 19th, Netflix (NFLX) stocks prices jumped by 16.92% in 14 days in agreement with the bullish I Know First forecast.

Unsurprisingly, Netflix is one of the favourite occupations of the confined population. Since the beginning of the confinement, the SVOD platform has gained 15.8 million subscribers (+9.4%).

Netflix breaks an all-time record and sees its share price increase by

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NVDA Stock Forecast: COVID-19 Is Also Boosting Nvidia’s Topline

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:

  • It is irrational that investors keep pummeling down Nvidia’s stock due to their growing fears over COVID-19.
  • Yes, Nvidia relies on Chinese factories to build its products. However, China’s manufacturing index for March 2020 showed an expansion.
  • The China-centric supply chain problem that fabless firms like Nvidia probably faced due to COVID-19 is no longer valid.
  • Nvidia’s stock is again trading below $245. It still touts a YTD gain of +3.3% but it is now priced well below its 52-week high of $316.32.
  • There a huge surge in video game activities due to COVID-19 quarantines. Gaming is Nvidia’s biggest moneymaker. We should expect the Gaming segment to generate record revenue this quarter.

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Nvidia Stock Predictions: I Know First Stock Forecasts Evaluation Report

Nvidia Stock Predictions Executive Summary

In this forecast evaluation report, we examine the performance of the Nvidia stock predictions generated by the I Know First AI Algorithm for the NVDA with time horizons ranging from 3 days to 1 year, which were delivered daily to our clients. Our analysis covers the time period from 29 January 2019 to 27 March 2020. Below, we present our key takeaways for checking hit ratios of our Nvidia stock predictions in the stock market.

Highlights:

  • 100% Hit Ratio for a 1-year time period for Nvidia stock forecast allowing our clients to be able to invest their money with significantly less risk
  • Predictions consistently hit above 58% accuracy despite volatile market conditions

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Nvidia Stock Forecast: Why You Should Buy More Shares of NVDA

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 October 3 buy recommendation for Nvidia’s stock is already a certified winner. The stock shot up from $181.31 to over $212 by November 18 closing date.
  • NVDA has exceeded my previous 120-day price target of $200. I am still endorsing it as a buy. I’m giving it a new 120-day PT of $220.
  • The Christmas shopping quarter will help Nvidia sell more gaming video cards. I expect Q4 F2020 to deliver Gaming segment revenue of more than $1.8 billion.
  • Microsoft again selected Nvidia as its cloud AI GPU partner. The new Microsoft Azure NDv2 instance can scale up to hundreds of interconnected Nvidia Tensor Core GPUs.
  • As of of October 2019, Nvidia GPU accelerators boast over 97% usage by top 4 IaaS providers. This is consistent with May 2019’s share.

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NVDA Stock Forecast: Why You Should Invest In Nvidia

motek 1This 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:

  • The video games industry is a fast-growing opportunity for a graphics accelerator vendor like Nvidia.
  • Nvidia is still the largest supplier of discrete graphics card accelerators. AMD gained market share in Q2 but Nvidia still touts more than 67% market share.
  • The top-selling video cards for gamers are still made by Nvidia. Further, Nvidia’s Data Center-bound GPUs now generates $2.5 billion/year.
  • I expect NVDA to hit $200 by January next year. The coming holiday shopping season will boost sales of Nvidia GeForce products.

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The AI Renaissance: 5 Top AI Stocks To Consider

 

This article was written by Julia Masch, a Financial Analyst at I Know First.

 

Highlights

  • How NVDA, MSFT, YEXT, PFE, and BIDU Are Utilizing AI
  • Technical Analysis
  • Top Stock Pick By I Know First Algorithm

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Nvidia Stock Forecast: Why You Should Keep Buying Nvidia Shares

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

Nvidia Stock Forecast

Summary:

  • Gaming is the main income/revenue generator of Nvidia.
  • AMD’s recently released Vega flagship GPU products still can’t match the flagship GTX 1080 Ti product of Nvidia.
  • Nvidia therefore will continue to dominate high-end/enthusiasts discrete video card sales.
  • The post-earnings dip of NVDA was due to profit-taking and geopolitical tensions between the U.S. and North Korea.
  • The long-term bull case for Nvidia remains valid. I Know First has positive near, intermediate and long-term algorithmic forecasts for Nvidia.

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