NVIDIA Stock Forecast: NVDA Continues to Fall, Outlook Negative on Monday. Earnings on Wednesday

NVIDIA Stock Forecast: NVDA Continues to Fall, Outlook Negative on Monday. Earnings on Wednesday
NVDA Stock Forecast: Highlights
NVIDIA Stock Forecast: Shares of NVDA are expected to trade between $158 and $176. The current recommendation is Negative.
-The average 12-month target for NVDA is $350
-Positives: Recent hike in price target, Strong balance sheet
-Negatives: decrease in demand for GPUs.154.8

Latest NVIDIA stock price

MetricValueTrend
Share Volume74 MHigher
Forward PE (1 Year)56.4NA

NVIDIA Stock Forecast: Performance chart

5 daysYTD
NVIDIA-4.5%-44.6%
Qualcomm-1.8%-29.3%
AMD-0.3%-37.8%

Stock Options with Cole on Twitter: “1/2 – thread$NVDA #update Still in the same large box range for over 2 weeks now. High anticipation building up for this weeks ER on the 25th. I will be trading this all week along with $AMD. For swing triggers I will be swinging calls > 183 and puts <... pic.twitter.com/fV3AY4m1mE / Twitter"

1/2 – thread$NVDA #update Still in the same large box range for over 2 weeks now. High anticipation building up for this weeks ER on the 25th. I will be trading this all week along with $AMD. For swing triggers I will be swinging calls > 183 and puts <...

Nvidia Stock Forecast: Competition Analysis

Stock NameZacks RatingsPrice Target for 12 monthsZacks Industry Rank
Nvidia3-Hold$350Top 40%
AMD3-Hold$150Top 38%
Intel3-Hold$51Top 40%
Texas Instruments3-Hold$199Top 40%
Broadcom3-Hold$700Top 38%

Read NVIDIA Stock Forecast 2022 here

NVIDIA Stock Forecast: Momentum Summary

IndicatorTrend
PriceLower
VolumeHigher
Performance versus Peers (Last 5 Days)Lower
TechnicalSell
Google SearchHigher
Social Media SentimentLower

NVIDIA Stock Forecast: Google Search Trend

Google Search volume

May 20thMay 23rdTrend
Google Search Volume4952Higher

Read: AMD Stock Forecast

NVDA Stock Forecast: Technical Analysis

Latest NVDA Technical Analysis Video

YouTube video

Read: Amazon Stock Forecast

NVIDIA Stock Forecast: Latest NVDA News and Tweets

Originally tweeted by Philip Calrissian (@Trading_Sunset) on May 22, 2022.

Nvidia $NVDA is currently -10.0% at $166.94. Earnings due Wed’ AH should be fine, but the stock is m/t broken with the main market. Support 140/130s. I’d note the 2021 $115s, and lower bol’ $76.

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NVIDIA Stock Prediction: Social Media Sentiment

Last 7 DaysLast 24 hoursTrend
Net Sentiment-2.7%-4.7%Lower

NVDA Stock Forecast: Omniverse Platform and Metaverse Opportunity.

  • Omniverse is Nvidia’s answer to the booming opportunity of Metaverse- a virtual world to allows people to engage and communicate with one another using augmented reality, virtual reality, and artificial intelligence.
  • Omniverse is like a replication engine for training robots, augmenting real-world data, and simulating real-world functionaries. One of the features of the metaverse is using avatars that will replicate yourself in front of others and Nvidia is offering Omniverse avatars for this.
  • During the earnings call, Huang claimed an annual license fee of $1000 per user to use Omniverse. There is expected to be around 40 million designers around the world, which will sour the revenue from Omniverse to around $40 billion in coming years.
  • The $40 billion figure excludes the sales of GPUs users will have to buy for their PCs to run Omniverse, which can run on any device by using Nvidia RTX graphics technology. That will boost the core business of GPU for Nvidia further.

All this explains how big opportunity is on the doors of Nvidia and it cannot be overlooked as a growth catalyst in near future.

NVDA Stock Forecast: Should you buy now?

Nvidia is firing all cylinders and taking all positive steps to outperform on its expectations. Nvidia is a classic example of a growth stock, and nobody can deny the future growth prospects of virtual reality, augmented reality, and artificial intelligence.

However, NVDA shares are currently trading at more than 80x forward earnings and therefore could be volatile in the short run. However, the stock is a good bet in the long run.

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Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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