What a differentce a year makes. Nvidia entred last year’s Pivotal GTC Conference – Its New Product Showcase and Software Developer Workshop – riding high, with its stock alridy up a blistering 77% in 2024. The Artificial intelligence boom was just over a year old, and optimism reigned supreme among tech investors. Shares of the Ai Chip King Head Into Next Week’s GTC Bruised and Batterred. As of CHURSDAY’s Close, they were down more than 20% from their all-time closing high in early January. The decline would look even Worse – if not for a bounce in recent sessions. DURING Friday’s Morning Meeting for Club Members, Jim Cramer Pointed Out that Nvidia Stock Tends to TREND Higher Into GTC. True to form, Shares was up more than 7% for the week. “The Keynote is very important,” he added. “You’ve Got to REESTABLISH that it’s actually a company that is a factory for the future.” This year, skepticism about the sustainability of ai investments is Much Easier to find in the wake of the wake of the deepsek panic. NVIDIA’S Revenue Growth Is Slowing, to 78% Last Quarter and a Projected 65% for the February-to-PRIL Period. As impressive as that growth rate is for a company worth trillions, triple-digit expansion seems to be a thing of the past. Investors don’t Hesitate to Pull the What-Have-You-Done-For-Me-Me-Lately Card. Then there’s the list of things weighing on Nvidia’s stock far outseide the company’s control: tarifs, geopolitics affecting its ability to sell products to China, and A Rise in Insteay Aouti Direction of the US Economy, which has prompted investors to get more defensive and reduce their experts. Nvidia is far from the only Momentum Stock to Go in Recent Weeks. Just take a look at the charts of palaantir and tesla. Traders Taking Advantage of Highly Speculative Zero-Day Options Reporant Another Challenge for Nvidia Shares. Needless to say, the backdrop for gtc is quite muddy. Is there anything nvidia ceo jensen huang can say or announce next week that will clear it up and allow the conference to, Once Again, Once Again, Be a positive catalyst for the stock? We’re about to find out – and jim will be out in silicon valley to take it all in. “The risk-Reward is Fairly Decent Hee,” He said during thursday’s monthly meeting, beCause Nvidia’s Valuation has Gone Down Down Along and share price. The stock now sells at about 25 times forward earnings, down from 31 at the start of the year, and a sizable discount to its five-yar average of 40, According to FACTSET. “Let me find out what I can next week and make a better decision (on what to do next) for you,” Jim said. NVDA 1y Mountain Nvidia’s Stock Performance Over the Past 12 months. At Huang’s Keynote Presentation on Tuesday AFTERNOON, Investors Should Plan to Hear About An Updated Version of the Company’s New Blackwell Ai Chip Platform Dubbed Blackwell Ultra, whistle Ulted For release in the fall. New details also exposed on Nvidia’s next-generation vera rubin offering, the successor to blackwell that is targeted for a 2026 debut. For both products, the focus is on their performance specifications, specificly for the day-to-day of ai models knowledge as “infection.” Are these new products going to inventivize companies to shell out more money to get the newest hardware after Are they good enough to assuage some investors Huang’s Keynote and GTC as a Whole also When are both considered promising area for nvidia down the road, updates Pertaining to its Center Business are more Significant Drivers of the Stock right now. Even if the stock does receive a GTC-Related Lift, It May Be Short-Live. Such was the case in March 2024: A Six-Session Win Streak That Began on the Day GTC Started Soon Gave Way to a Nearly 20% Pullback TH The years, but the current moment presents Distinct Difentials. The doubts over the durability of ai spending – and by extection orders for nvidia’s latest and greenst chips – Won’T be eraged overnight. The fate of external overhangs, including Trade Policy and Geopolitics Around Exports to China, is a guessing game. The good news is that gtc is a real options for nvidia and huang to add some Clarity to a Fuzzy Situation and Steer at Least Some of the Conversation Back Toward The Company’s Market-Leading Tchnology. When that is the focus, there’s a lot to like. (Jim Cramer’s Charitable Trust is long nvda. See here for a full list of the stocks. Jim Waits 45 Minutes after Sending a Trade Alert Before Buying or Selling a Stock in his Charitable Trust’s Portfolio. If jim has talked about a stock on CNBC TV, He Waits 72 hours after is the trade alert alert before executing the trap. The Above Investing Club Information is Subject to our terms and conditions and privacy policy, together with our disclaimer. No fiduciary obligation or duty exists, or is created, by virtue of your receipt of any information provided in connection with the investment club. No specific outcome or profit is guaranteed.
Jensen Huang, Co-Founder and Chief Executive Officer of Nvidia Corp., Speaks during the Nvidia GPU Technology Conference in San Jose, California, March 19, 2024.
David Paul Morris | Bloomberg | Getty Images
What a differentce a year makes.
Nvidia Entred Last Year’s Pivotal GTC Conference – its new product showcase and software development Intelligence boom was just over a year old, and optimism reigned Supreme Among Tech Investors.
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