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NVIDIA Earnings Call, Dow Jones Addition Boost Semiconductor Giant's Bullish Outlook

Author
Quiet. Please
Published
Wed 13 Nov 2024
Episode Link
https://www.spreaker.com/episode/nvidia-earnings-call-dow-jones-addition-boost-semiconductor-giant-s-bullish-outlook--62716231

**Nvidia (NVDA) Analysis:**

1. **Current Price and Intraday Trading Range:**
- Current price: $148.74[4].
- Intraday range: $143.58 to $149.62[4].

2. **Pre-market and After-hours Movement:**
- Pre-market data not available in the provided sources.
- After-hours movement not specified, but the stock closed at $145.10 and opened at $146.56[4].

3. **Trading Volume vs Average:**
- Average daily volume: 199,578,022[1].
- Current volume data not provided in the sources.

4. **Recent News or Announcements:**
- NVIDIA will host a conference call on November 20 to discuss its third-quarter financial results[1].
- NVIDIA and Sherwin-Williams are set to join the Dow Jones Industrial Average[1].

5. **Major Analyst Updates or Price Target Changes:**
- Analyst price targets range from $90.00 to $202.79[5].
- No recent updates or changes mentioned in the provided sources.

6. **Options Flow Activity:**
- No specific data on options flow activity is available in the provided sources.

7. **Related Semiconductor/AI Sector News:**
- xAI’s Colossus supercomputer cluster uses 100,000 NVIDIA Hopper Tensor Core GPUs[1].
- No other recent sector news affecting Nvidia is mentioned.

8. **Key Technical Indicators for Day Trading:**
- Moving averages, technical indicators, and moving averages crossovers are bullish[4].
- TTM PE: 67.30, TTM EPS: $2.21, Dividend Yield: 0.03%[4].
- 52-week high/low: $1,255.61/$91.56[4].
- Market sentiment is very bullish[4].

**Market Sentiment:**
The overall market sentiment for Nvidia is very bullish, with positive technical indicators and a strong recent performance. The stock has seen significant gains in the past month and quarter, despite a year-to-date decline. The upcoming earnings call on November 20 could provide further insight into the company's financial health and future prospects.

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