NVIDIA Corporation (NASDAQ:NVDA) “Most Powerful GPU Ever Created”

NVIDIA Corporation (NASDAQ:NVDA) “Most Powerful GPU Ever Created”

NVIDIA Corporation (NASDAQ:NVDA) “Most Powerful GPU Ever Created”

  • Nvidia is stepping up its game in the artificial intelligence market with its new Titan V GPU, which the company said is the “most powerful PC GPU ever created.”
  • Nvidia’s Titan V starts at a hefty US$2999 and is targeted at scientists and researchers who can use it for artificial intelligence and deep learning processing.
  • The GPU runs on Nvidia’s new Volta architecture, which is designed to work on both computations and calculations so that it can be targeted toward high-intensive computing tasks like artificial intelligence and simulation processing.
  • Nvidia said that Volta doubles the energy efficiency of the previous-generation Pascal architecture design so that customers are looking at a significant boost in performance.
  • The graphics card offers up to nine times the deep learning performance of its predecessor, the Titan Xp, according to Nvidia.

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users. The Company’s Tegra brand integrates an entire computer onto a single chip, and incorporates GPUs and multi-core central processing units (CPUs) to drive supercomputing for mobile gaming and entertainment devices, as well as autonomous robots, drones and cars. The Company’s processor has created platforms that address four markets: Gaming, Professional Visualization, Datacenter, and Automotive. The Company’s offerings include NVIDIA DGX AI supercomputer, the NVIDIA DRIVE AI car computing platform and the GeForce NOW cloud gaming service.

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

Note: this chart shows extraordinary price action to the downside.

The projected upper bound is: 202.76.

The projected lower bound is: 179.39.

The projected closing price is: 191.08.

NVIDIA CORP closed down -3.820 at 190.840. Volume was 27% below average (neutral) and Bollinger Bands were 85% wider than normal.

Open             High              Low               Close              Volume
192.900        193.840        189.890        190.840        11,375,445

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period           50-period        200-period
Close:                       192.74                200.13              155.27
Volatility:                57                        37                      48
Volume:                  18,896,778        14,044,117        17,472,280

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary
NVIDIA CORP is currently 22.9% above its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of NVDA.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on NVDA.O and have had this outlook for the last 9 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 70.6566. This is not an overbought or oversold reading. The last signal was a buy 4 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 40.07. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 20 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -58. This is not a topping or bottoming area. The last signal was a buy 3 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 19 period(s) ago.

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John Heffernan

John Heffernan is an Analyst at HEFFX. John is a BSc in Economics with Honors from the University of Buckingham, and is a contributor on equities at Live Trading News.

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