The next phase of AI is being built in data centers, chip manufacturing and power grids. Q2 seasonal patterns across Nvidia, Broadcom and NextEra Energy suggest this infrastructure buildout has historical tailwinds behind it.
Nvidia has a strong history of rallying after its Q1 earnings, with consistent gains supported by seasonal trends. As AI momentum builds and investors focus on data centre growth, the setup looks bullish both fundamentally and technically. However, elevated expectations and market volatility could still influence the outcome.
Now Nvidia is a well known big tech AI play and it has seen significant moves over the last few months. The seasonals are also very strong right now. Over the last 15 years, between May 26 and August 31 Nvidia has gained an average of 10.60% with some gains greater than 50%, but some losses nearly as large as 30%.
Nvidia has been at the forefront of technological innovation in various sectors, and its products and technologies have had a significant impact on industries ranging from gaming to artificial intelligence. Nvidia has a seasonally weak pattern around this time of the year.
Nvidia earnings will be in focus after the close on Wednesday Feb 21st. Investors will want to know if AI hype is still driving demand for Nvidia’s chips and they will want to see how Nvidia view future earnings as the US economy shows signs of slowing.
Nvidia’s shares have risen over 230% since the start of the year and their earnings are due out after the close on Tuesday. From a seasonal perspective there is a very strong upside bias in Nvidia, but look at the volatility that there has been too!
Bloomberg reported yesterday that Nvidia could be flashing signs of overheating. The reason that Bloomberg considers Nvidia to be overbought was based on the fact that the shares have climbed over 230% since the start of the year, and they are currently in overbought territory on the RSI index. So does this mean Nvidia is due for a pullback?
Nvidia is reportedly planning to reveal three new chips for China according to the Star Market Daily. According to the reports, the announcement could come as soon as November 16, and Nvidia shares are up in premarket trading in anticipation of the event.
On Monday Nvidia gained over 8% on hopes surrounding its earnings due out on Wednesday after the US close.Tech stocks were also buoyed by a pushback on comments from WSJ’s Timiraos who believes Fed’s Powell is unlikely to talk about…
Last week, Nvidia witnessed a significant surge in its shares, experiencing a nearly 25% increase on Thursday. This surge was primarily driven by optimistic market sentiment surrounding the potential for substantial gains resulting from advancements in artificial intelligence (AI) technology.…
In recent weeks AI has made headlines around the world. Lots of people are talking about OpenAI's ChatGPT - the human like chatbot that is designed to simulate real conversations. But just what is the buzz about?
