Should You Buy This Blue Chip Stock At This Time-NVDA

Acrobull UK Advisory Services Ltd.

December 04			2024
Name	Ticker	Sector/Industry		Market Cap	Risk Factor
NVIDIA Corporation	NVDA-NASDAQ	Technology Semiconductors		$3.434 Trillion	Low

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure.

Recent Highlights

Latest NVIDIA AI, Robotics and Quantum Computing Software Comes to AWS- Expanding what’s possible for developers and enterprises in the cloud, NVIDIA and Amazon Web Services are converging at AWS re:Invent in Las Vegas this week to showcase new solutions designed to accelerate AI and robotics breakthroughs and simplify research in quantum computing development.
AWS re:Invent is a conference for the global cloud-computing community packed with keynotes and more than 2,000 technical sessions.

Third Quarter 2024 Financial Highlights

Third-quarter revenue was a record $30.8 billion, up 17% from the previous quarter and up 112% from a year ago.

Announced the availability of NVIDIA Hopper H200-powered instances in several cloud services, including AWS, CoreWeave and Microsoft Azure, with Google Cloud and Oracle Cloud Infrastructure coming soon.

Launched Denmark’s largest sovereign AI supercomputer, an NVIDIA® DGX SuperPOD™ driven by 1,528 NVIDIA H100 Tensor Core GPUs and interconnected using NVIDIA Quantum-2 InfiniBand networking.

Introduced the NVIDIA AI Aerial platform for telecommunications providers and began working with T-Mobile, Ericsson and Nokia to accelerate the commercialization of AI-RAN.

Stock Observation- The company has reported very good financial results in the last quarter and is expected to continue the momentum in near future. The RSI level for the stock is at 51 which shows close to oversold conditions. Customers looking for long term may choose to invest in it.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull UK maintains Buy Rating for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrobull UK only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull UK would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull UK is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull UK does not guarantee returns.

Acrobull UK Recommendation Based on Evaluation

Current Market Price	$140.26 USD
Acrobull Recommendation	Buy
Target Price	Target $154.25 USD
RSI Level	14 Day RSI 51
Total Shares Outstanding	24.49 Billion
Shares held by Insiders Risk Factor Stop Loss	4.29% Medium 5%