- Underwriter
- Posts
- 📈 $NVDA: Up $277B -- Don't Call It A Comeback
📈 $NVDA: Up $277B -- Don't Call It A Comeback
Nvidia's wild ride continues with a $277B surge! 🚀 Game-changing FPT deal fuels AI & gaming dominance. 💡 Don't miss this week's key economic events. 📅
Top of the morning everyone!
Featured Stock of the Week
A note that neither Underwriter nor this newsletter provides investing or trading advice. Please consult with a financial professional before making investment decisions. By reading, you agree to not take this as financial advice and assume all risk.
NVDA: NVDA $877.35
Our featured stock of this week is NVIDIA.
Nvidia's stock has been on a wild ride, skyrocketing to a record high and adding an incredible $277 billion in market value. Despite a brief 10% dip in April, a new partnership with FPT has investors buzzing about the potential for another massive surge. 🚀
Nvidia's Game-Changing FPT Deal
FPT, a leading tech firm in Vietnam, has joined forces with Nvidia in a strategic partnership. By teaming up with FPT, Nvidia gains access to a wealth of resources and expertise in Vietnam. This sets the stage for Nvidia to expand its presence in the rapidly growing AI and cloud computing market. But the partnership doesn't stop there. Nvidia and FPT are also exploring opportunities in cloud gaming. As the demand for gaming continues to soar, this move could open up new revenue streams for Nvidia. With this partnership, Nvidia is positioning itself to be a major player in the future of AI, cloud computing, and gaming. And that's great news for investors. Additional Reading |  |
Stocks Bounce Back
Nvidia's stock has achieved a remarkable feat, adding a staggering $277 billion in market value. This historic surge has caught even the most seasoned analysts by surprise, leaving them amazed at the chipmaker's incredible growth trajectory. The secret behind Nvidia's success? Its groundbreaking semiconductors, which are at the heart of cutting-edge AI language models. With the demand for AI technology exploding, Nvidia finds itself in the perfect position to capitalize on this trend. In fact, the company's stock has already soared an impressive 58% in 2024 alone, and analysts believe that upcoming product launches could propel Nvidia to even greater heights. 🚀 Additional Reading |  |
Growing Opportunity for Investors
After Nvidia's historic $277 billion surge, the chipmaker faced a surprising setback. The company experienced its worst single-day drop in over four years, sending shockwaves through the market. However, despite this alarming slump, many analysts remained optimistic about Nvidia's future. They believed that savvy investors should seize this opportunity to buy the dip, as Nvidia's unwavering focus on empowering AI companies could pave the way for long-term success. Stacy Ragson, a seasoned technology analyst, echoes this sentiment, stating that Nvidia's commitment to AI is likely to drive sustainable growth in the coming years. 📈 Additional Reading |  |
Major Market News
Source: DALL-E
Monday, May 6th - A Conversion with the New York Fed John Williams
What: A discussion with the President of the Federal Reserve Bank of NY, John Williams
Impact: Keep your eyes peeled for Federal Reserve Bank of New York President John Williams, whose speech is scheduled at 6:00 P.M. ET on May 6th, 2024. Although the topic is unknown, it will likely involve discussions of the unemployment rate.
Source: Federal Reserve Bank of New York
Wednesday, May 8th – Federal Governor Lisa Cook to Speak on May 8th
What: A speech by Fed Governor Lisa D. Cook in May 2024
Impact: Federal Governor Lisa Cook is scheduled to discuss the current financial landscape on May 8th, 2024 at 6:00 P.M. ET.
Source Federal Reserve
Thursday, May 9th – Initial Jobless Claims
What: Analyzes the number of individuals filing for unemployment since last Thursday
Impact: The U.S. Labor Department found initial claims increased from 208,000 in the last week of April to 212,000 claims recorded in the last week. The rise in jobless claims may signal a decreasing economy; however, claims have bounced between 194,00 and 225,000 this year.
Source: Reuters
What's a better tag line? |
A note that Underwriter and this newsletter is not investing or trading advice. These are stocks and information we find interesting. Please consult with a financial professional. By reading, you agree to not take this as financial advice and assume all risk. Futures, stocks, bonds trading of any kind involves a lot of risk. No guarantee of profit is made. In fact, you may lose your entire investment. We guarantee no profit whatsoever, You assume the entire cost and risk of any trading or investing activities you choose to undertake. You are solely responsible for making your own investment decisions. Owners/authors of this newsletter, its representatives, its principals, its moderators and its members, are NOT registered as securities broker-dealers or investment advisors either with the U.S. Securities and Exchange Commission, CFTC or with any other securities/regulatory authority. Consult with a registered investment advisor, broker-dealer, and/or financial advisor. Reading and using this newsletter or any of my publications, you are agreeing to these terms. Any screenshots used here are the courtesy of Underwriter. The data, quotes and information used in this blog is from publicly available sources and could be outdated or outright wrong - I do not guarantee accuracy of this information.