Nvidia in Early July: A Reflection Amidst Correction



Boss, Nvidia (NVDA) closed June with a correction of about 8%. Currently, its shares are trading around $198** per share, with a market capitalization still firmly at **$4.7 trillion. The market is in a calm period, holding its breath before the next move.

🍃 Two Sides Facing Each Other

June has been a tough month, but there are three things worth pondering from the other side:

1. Weakness in a Shaky Month

The market is swinging. Funds are shifting to memory and data storage producers as a result of AI demand exceeding supply. There are also issues that draw attention, such as plans to sell AI chips by another "Magnificent Seven" company and Nvidia's $25 billion bond sale.

2. Growth That Is Still Real

Amid the correction, there is an unchanged foundation. Revenue jumped 85% year-over-year, and net profit soared 139%. Nvidia announced **$80 billion share buyback** and raised its quarterly dividend from $0.01 to $0.25 per share.

🕯️ Points Worth Noting

Today, there are several levels in focus: price at $194** with 200-day average at **$193, and 50-day average at $210**. Analysts see potential for a recovery towards **$226 in early July, with fiscal year 2027 and 2028 earnings targets reaching $8.96** and **$12.73 per share.

Boss, Nvidia is in a period of pause. The crypto market and tech stocks are both moving in a slow rhythm. Like the teaching of Mbah Joyo that prices may fall, but value never disappears. #SKHynixTopsKOSPIByMarketCap
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments