NVDA NEWS STOCK FREE

FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. You should do your own thorough research before making any investment decisions. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. Information on these pages contains forward-looking statements that involve risks and uncertainties. But tech earnings are the key factor to watch here. As mentioned we expect a modest rally across all tech stocks and look to this week's earnings to start the rally. Breaking back above $206 puts us on watch for a move to the 200-day moving average at $244. These levels are targeted so long as NVDA stock sits below $206. Volume is now light until we get toward $140. $178.66 is the next support, the low from July and below a move to sub $140 cannot be ruled out as the point of control lies there.

The March 29 high at $ 289 was another lower high when compared to all-time highs and now breaking $206 has put in place a lower low. The Fed hawks are in a blackout so some good earnings could help stem recent losses for the sector. With earnings from Apple, Google, Qualcomm, Microsoft, Facebook and Amazon this week it is a make or break for the tech sector. Monday saw a strong intraday turnaround in equities higher and yields lower. NVDA stock forecastīreaking $206 was a significant support to break but a rally may not be far away if recent moves are anything to go by. These EPS and revenue numbers would mean changes of +24.77% and +28.42%, respectively, from a year earlier. Wall Street analysts are expecting earnings to hit $5.54 per share and revenue of $34.56 billion. NVDA stock daily versus PHILX Semi-Conductor Index (SOX) daily-orange line Recent earnings from Netflix while not directly related have also dented tech sentiment. We should point out though that the benchmark Philadelphia Semi-Conductor Index (SOX) correlates perfectly with NVDA, showing us that this is more of a sector or industry phenomenon. But to put things into context, NVDA stock's 32% loss for 2022 is contrasted with it being up 29% over the past 12 months. Nvidia probably had more retail followers than other semiconductor stocks as NVDA has more visibility over this cohort due to its gaming experience and business sector. However, this has not stopped AMD from also shedding about 35% in 2022. NVDA stock trades on quite a high price-earnings multiple of 36 when fellow peer AMD trades on more like 23 times earnings. Nvidia is down 32% year to date as equities and especially high-value names take the brunt of the sell-off. One of the darlings of 2021, NVDA stock now finds itself on the backfoot for 2022. Indeed the intraday 2% turnaround was also helped along as the tech sector was boosted by Elon Musk agreeing to buy Twitter (TWTR). This left the way open for bond yields to soften slightly which helped equity markets stage an afternoon recovery. With Fed members now in blackout as they cannot comment 10 days before the May interest rate decision. Nvidia stock rallied a bit on Monday as the tech sector recovered some ground as yields eased. NVDA stock is one of 2022's underperformers as semi-conductors suffer.NDVA sees peer AMD report earnings next week on May 7.NVDA stock recovers on Monday as the tech sector was emboldened by TWTR deal.

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