Nvidia (NVDA, $379.86) to collaborate with Mercedes on autonomous vehicles
Nvidia has landed a deal with Daimler's Mercedes-Benz, for autonomous and semi-autonomous vehicles.
On Tuesday, it was announced that Nvidia’s Drive hardware/software platform will enable a “new software-defined architecture” for Mercedes’ next-gen vehicles.
The vehicles are expected to have “state-of-the-art” automated driving functionalities, such as the ability to automate driving of regular routes from address to address.
The cars will begin rolling out in 2024.
Mercedes’ software architecture will have Nvidia’s Orin system-on-chip which has 12 ARM CPU cores and a GPU based on Nvidia’s new Ampere architecture, and is supposed to process 200 trillion deep learning operations per second (TOPS) while consuming just 45 watts of power.
Tickeron's AI-powered scorecard rates Nvidia a STRONG BUY.
NVDA enters an Uptrend because Momentum Indicator exceeded the 0 level on June 09, 2020
This indicator signals that NVDA's price has momentum to move higher, since its current price moved above its price 14 days ago. Traders may consider buying the ticker or exploring call options. In 62 of 72 cases where NVDA's Momentum Indicator exceeded 0, its price rose further within the subsequent month. The odds of a continued Uptrend are 86%.
Current price $380.04 is above $362.74 the highest resistance line found by A.I. Throughout the month of 05/20/20 - 06/22/20, the price experienced a +6% Uptrend. During the week of 06/15/20 - 06/22/20, the stock enjoyed a +4% Uptrend growth.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NVDA advanced for three days, in 293 of 346 cases, the price rose further within the following month. The odds of a continued Uptrend are 85%.
The Aroon Indicator entered an Uptrend today. In 306 of 371 similar cases where NVDA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 82%.
Bearish Trend Analysis
The RSI Indicator appears to be shifting from an Uptrend to a Downtrend. In 37 of 64 cases where NVDA's RSI indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 58%.
The Stochastic Indicator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The Moving Average Convergence Divergence (MACD) crossed below the signal line. In 23 of 45 cases where NVDA's MACD histogram became negative, the price fell further within the following month. The odds of a continued Downtrend are 51%.
The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. In 30 of 51 cases where NVDA's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 59%.
Fundamental Analysis (Ratings)
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 82%. During the last month, the daily ratio of advancing to declining volumes was 1.26 to 1.
The Tickeron Price Growth Rating for this company is 1 (best 1 - 100 worst), indicating outstanding 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 PE Growth Rating for this company is 7 (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 11 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock better than average.
The Tickeron SMR rating for this company is 26 (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 Valuation Rating of 100 (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 (17.89) is very high in comparison to the industry average of (3.39). P/E Ratio (71.16) is within average values for comparable stocks, (92.03). NVDA's Projected Growth (PEG Ratio) (174.12) is very high in comparison to the industry average of (7.00). Dividend Yield (0.26) settles around the average of (0.57) among similar stocks. NVDA's P/S Ratio (15.29) is very high in comparison to the industry average of (3.34).
NVDA's Indicator enters downward trend
The Aroon Indicator for NVDA entered a downward trend on April 15, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 143 similar instances where the Aroon Indicator formed such a pattern. In of the 143 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for NVDA moved out of overbought territory on March 26, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 49 similar instances where the indicator moved out of overbought territory. In of the 49 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on April 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on NVDA as a result. In of 75 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for NVDA turned negative on March 15, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 .
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 44 cases where NVDA's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 364 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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 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 (49.261) is very high in comparison to the industry average of (6.386). P/E Ratio (70.973) is within average values for comparable stocks, (112.872). Projected Growth (PEG Ratio) (1.141) is also within normal values, averaging (2.518). NVDA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.021). P/S Ratio (34.722) is also within normal values, averaging (34.368).
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a manufacturer of computer graphics processors, chipsets, and related multimedia software
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