Chart of the Day: Nvidia - Everyone is Talking About It

The Chart of the Day belongs to the semiconductor company Nvidia (NVDA) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on  1/17 the stock gained  17.24%.

NVIDIA Corporation is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. Over the years, the company's focus has evolved from PC graphics to artificial intelligence (AI) based solutions that now support high performance computing (HPC), gaming and virtual reality (VR) platforms. NVIDIA's GPU success can be attributed to its parallel processing capabilities supported by thousands of computing cores, which are necessary to run deep learning algorithms. The company's GPU platforms are playing a major role in developing multi-billion-dollar end-markets like robotics and self-driving vehicles. NVIDIA is a dominant name in the Data Center, professional visualization and gaming markets where Intel and Advanced Micro Devices are playing a catch-up role. The company's partnership with almost all major cloud service providers (CSPs) and server vendors is a key catalyst.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

• 88% technical buy signals
• 19.91+Weighted Alpha
• 2.93% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50 and 100 day moving averages
• 9 new highs and up 20.06% in the last month
• Relative Strength Index  64.19%
• Recently traded at $207.54 with 50 day moving average of $ 183.44

Fundamental Factors:

• Market Cap $16.77 billion
• P/E 69.31
• Dividend yield .08%
• Revenue projected to grow 8.30% this year and another 23.60% next year
• Earnings estimated to increase 27.80% this year, an additional 34.00% next year and continue to compound at an annual rate of 21.30% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analysts have 23 strong buy, 8 buy, 11 hold and 2 under perform opinions in place on this stock
• Analysts have price targets from $110 to $320 with a consensus of $230 over 11.00% above todays close
• The individual investors following the stock on Motley Fool voted 7,431 to 288 for the stock to beat the market with the more experienced investors voting 2,280 to 15 for the same result
• Value Line give the stock an average 3 rating with a 3-5 year price target of $205 to $310
• CFRAs MarketScope rates the stock a 4 star Buy with a 12 moth price target of $250
• 492,240 investors monitor the stock on Seeking Alpha

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in  the next 72 hours.

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.