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published in Blogs
May 21, 2023

NVDA Surges 3.3% in a Day, Market Cap Rises by $23.9B

AI Robots: Day Trader, Swing Trader, and More
In a single day, NVDA (NVIDIA Corporation) experienced a significant surge in its stock price, jumping by +3.3% to reach $301.78 per share. This impressive increase in value also led to a substantial rise in the company's market capitalization, which rose by $23.9 billion to a total of $746.3 billion.

The positive movement in NVDA's stock can be attributed to various factors, including favorable market conditions, strong financial performance, and investor confidence in the company's future prospects. NVDA is a leading player in the semiconductor industry, renowned for its advanced graphics processing units (GPUs) and artificial intelligence (AI) technologies.

To gain further insights into the overall performance of the Semiconductors industry, we can turn to A.I.dvisor, a financial analytics tool. According to A.I.dvisor's analysis, out of the 163 stocks within the Semiconductors industry, 93.75%, or 153 stocks are currently experiencing an uptrend, while 6.25% or 10 stocks are facing a downtrend.

This information suggests a predominantly positive outlook for the Semiconductors industry, with a majority of companies enjoying an upward trajectory. The strong performance of the industry as a whole reinforces the positive sentiment surrounding NVDA's stock movement, as it operates within this sector.

Investors and market participants closely monitor the performance of the Semiconductors industry due to its crucial role in various technology-driven sectors such as computing, gaming, and telecommunications. The industry's growth is often indicative of broader technological advancements and economic trends.

As with any investment, it's important to conduct thorough research and analysis before making any financial decisions. While NVDA's recent stock price increase and the industry's positive momentum may be encouraging, it's crucial to consider various factors such as market volatility, competition, and company-specific developments.

Related Ticker: NVDA

NVDA's RSI Indicator climbs out of oversold territory

The RSI Indicator for NVDA moved out of oversold territory on September 25, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 20 similar instances when the indicator left oversold territory. In of the 20 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 02, 2023. You may want to consider a long position or call options on NVDA as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for NVDA just turned positive on October 02, 2023. Looking at past instances where NVDA's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NVDA advanced for three days, in of 348 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

NVDA moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for NVDA crossed bearishly below the 50-day moving average on September 19, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where NVDA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for NVDA entered a downward trend on October 02, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 62, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. NVDA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: NVDA's P/B Ratio (40.161) is slightly higher than the industry average of (8.005). P/E Ratio (108.696) is within average values for comparable stocks, (54.020). Projected Growth (PEG Ratio) (0.959) is also within normal values, averaging (2.283). NVDA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.022). P/S Ratio (34.130) is also within normal values, averaging (72.528).

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Broadcom (NASDAQ:AVGO), Advanced Micro Devices (NASDAQ:AMD), Intel Corp (NASDAQ:INTC), Texas Instruments (NASDAQ:TXN), QUALCOMM (NASDAQ:QCOM), Applied Materials (NASDAQ:AMAT), Analog Devices (NASDAQ:ADI), Lam Research Corp (NASDAQ:LRCX).

Industry description

The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.

Market Cap

The average market capitalization across the Semiconductors Industry is 28.2B. The market cap for tickers in the group ranges from 13.43K to 1.08T. NVDA holds the highest valuation in this group at 1.08T. The lowest valued company is CYBL at 13.43K.

High and low price notable news

The average weekly price growth across all stocks in the Semiconductors Industry was -1%. For the same Industry, the average monthly price growth was 17%, and the average quarterly price growth was 29%. MMTIF experienced the highest price growth at 25%, while QNCCF experienced the biggest fall at -27%.

Volume

The average weekly volume growth across all stocks in the Semiconductors Industry was -1%. For the same stocks of the Industry, the average monthly volume growth was 2% and the average quarterly volume growth was 7%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 57
P/E Growth Rating: 49
Price Growth Rating: 58
SMR Rating: 64
Profit Risk Rating: 61
Seasonality Score: 30 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a manufacturer of computer graphics processors, chipsets, and related multimedia software

Industry Semiconductors

Profile
Fundamentals
Details
Industry
Semiconductors
Address
2788 San Tomas Expressway
Phone
+1 408 486-2000
Employees
26196
Web
https://www.nvidia.com
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NVDA and

Correlation & Price change

A.I.dvisor indicates that over the last year, NVDA has been closely correlated with AMD. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if NVDA jumps, then AMD could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NVDA
1D Price
Change %
NVDA100%
-2.79%
AMD - NVDA
82%
Closely correlated
-3.10%
AOSL - NVDA
78%
Closely correlated
-1.58%
ASML - NVDA
77%
Closely correlated
-1.91%
MPWR - NVDA
75%
Closely correlated
-2.27%
MRVL - NVDA
73%
Closely correlated
-3.61%
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