luminaryfi
Long

NVDA still looks like a solid BUY.

NASDAQ:NVDA   NVIDIA CORP
Even after NVIDIA stumbled through earnings season, the stock still appears to be going strong. From a fundamental perspective, NVIDIA has pivoted towards selling their GPUs to data centers and companies involved with AI development. The new "Ampere" architecture is designed specifically for this purpose. If you weren't aware, NVIDIA's computer gaming chips are versatile enough to run Keras scripts of ANN (Artificial Neural Networks) with the CUDA Toolkit on your average PC . The pivot to AI will be an excellent strategic move for the company if there is any drop-off in gaming after the Covid-19 pandemic is fully under control.

The company is very well positioned to pay off any immediate debts due by looking at the acid test or Quick Ratio standing at 9.70 (a Quick Ratio of 1.00 is considered to be sufficient to pay debt without selling any inventory or need additional financing). From a technical perspective, the price is above all three Exponential Moving Averages of 10, 20, and 50. In addition, there are no cross-unders of the EMA 10, 20, or 50. These are both very bullish signs of a continuing upward trend.

Long 50 shares NVDA purchased at 319.12.
Comment: The video also shows what NVIDIA has been up to with a new algorithm called ReSTIR.

Comment:
Updated chart

Comments

Thanks for sharing this idea and chart about NVIDIA, @luminaryfi. We featured it in the TradingView Weekly Digest email. Cheers!
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luminaryfi TradingView
@TradingView, Oh wow! That's amazing! Thank you TradingVIew!! I just started using your web app and I am beyond thrilled with the features and integration. I can't wait to start using PineScript for strategies.
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Thank you for the chat.

Giving the current price of NVDA and COVID-19 pandemic, what would you say for someone want to buy the stock for long-term (1-3 years) ?
+1 Reply
also may , did NVDA buy some server linux router software company
cumulusnetworks linux
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