NVIDIA Corporation (NVDA) News

Next Step $ 137 !

If your job is to explain the jobs report to us, you’re not doing a very good job. Your math skills are not too good. The numbers you printed don’t add up. But if you were trying to tell us which political posters are on your lawn, you succeeded.

After the drop at the open the 5 min chart was a stair stepping beauty. Six steps only to break a HOD just before the close. Higher highs and higher lows.

Say anything to make your self feel better. Record market and you’re crying. Poor baby.

Yup.

May not hit $125 the fake jobs report was broken down.. 785k government workers hired last month? lol And yet, it didn't take long to find what the BLS did this time to make the jobs appear much stronger than expected, a political imperative for the highly politicized agency tasked with making the Kamala/Biden economy appear stronger than it was exactly one month ahead of the election.

The answer, ironically, was in the number of government workers, which exploded higher, and were not only instrumental in pushing the Household Survey print much higher, but meant the difference between a 4.1% and 4.5% unemployment rate.

Here is what happened.

In September, the number of government workers as tracked by the Household Survey soared by 785K, from 21.421 million to 22.216 million, both seasonally adjusted (source: Table A8 from the jobs report). This was the biggest monthly surge in government workers on record (excluding the outlier print in June 2020 which was a reversal of the record plunge from the Covid collapse months before).



While government workers soared by the most on record, private workers rose by just 133K, a far more believable number, and one which however would indicate that the recent labor market malaise continues.

$NVDA has the most bullish flow so far today
By: Cheddar Flow | October 4, 2024

• $TSLA has the most bearish flow so far today with $60M in premium

Most of this is from large call sell orders



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another rejection at $125

going to be fun seeing what happens when the real profit taking begins here





just wondering who the incremental buyer is now at these levels?

who doesnt already have NVDA shares?

$3 trillion market cap prices in most of 2025 earnings already

less of a chance the FED goes 50 again, perhaps two 25 cuts at most now, i think they might pause at next meeting or the one after, i dont see 100 bips in cuts now by year end

SP 500 at 5700-5800 is RICH, fully valued and then some

$122 dip and back to $125 all is good next up $126-$127

Too funny. I can see why some seem nervous. There are only a few weeks left, until the 4th quarter starts and Blackwell production ramps up. Then the inevitable revenue PILING IN after the sales begin.

Then the 10K comes out. Yup. If I was betting against NVDA, I'd be sort of nervous too!

🤣

There is no clear line at this point. The traders still control the direction and they're playing both sides.

Nothing major will happen until funds/institutions start buying again. A number of them have decreased their positions since June. Again, just too much stock in the float now. So traders will continue to play the long and short positions until some major buying comes in.

Maybe longs will hear from Jensen Huang today saying there’s demand for $NVDA chips. They need some type of news to push higher after hearing there was demand for $NVDA chips earlier this week, and last week, and 16 times in September, and 72 times in 2024. Default pump phrase = "there's demand for chips" This will only last so long...

Last chance?

$NVDA Today's high so far? $125.00 TO THE PENNY
By: TrendSpider | October 4, 2024

• Today's high so far?

$125.00 TO THE PENNY.

Clear line-in-the-sand for $NVDA.



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NVDL long out for now

Today is send the market up day 401ks will pay for expensive NVDA before the slight pullback

NVDA 126.46 to 127.40 probable zone before a pullback

I went back and listened to Phil Panaro’s video on Nvidia, he was very positive about future growth he mentioned the extensive conversion for local,state and government from Web 2 to Web 3. Does anyone know what this means thanks

NVDA looking good premarket $125

DoJ/SEC Back Class-Action Lawsuit Against Nvidia In Supreme Court

The United States Justice Department and the Securities and Exchange Commission told the Supreme Court that an Nvidia investor class-action lawsuit alleging the tech company misrepresented its sales to crypto miners should be greenlit.



Nvidia and the investor group have been in a legal battle since 2018, which has now reached the top US court.

In an Oct. 2 amicus brief, US Solicitor General Elizabeth Prelogar and SEC senior lawyer Theodore Weiman argued that the suit had “sufficient details” to survive a district court dismissal, adding that the Supreme Court should greenlight its revival by an appeals court.

The two agencies said they have a “strong interest” in the case because it concerns laws designed to limit frivolous securities-related lawsuits.

“Meritorious private actions are an essential supplement to criminal prosecutions and civil enforcement actions” by the DOJ and SEC, the brief added.



Highlighted excerpt of the DOJ and SEC brief outlining their interest in backing the Nvidia investors. Source: The Supreme Court of the United States

The investor group tried to sue Nvidia in 2018, alleging it hid over $1 billion in GPU sales made to crypto miners. It claimed the chipmaker’s CEO, Jensen Huang, downplayed Nvidia’s sales to the industry.

The group alleged Nvidia’s sales were propped up by miners, which they argue was apparent when the firm’s sales collapsed alongside the crypto market in 2018.

The case was dismissed, but the group appealed the decision, which led to the Ninth Circuit appeals court reviving it last August. Nvidia then petitioned the Supreme Court to reverse it.

Nvidia claimed the suit relied on an expert opinion that fabricated information about its business and income, but the DOJ and SEC have rebutted, saying it “is not what occurred here.”

The agencies also acknowledged the investors’ rebuttal of Nvidia’s claims, which was said to have evidence relating to accounts from ex-Nvidia executives and a Bank of Canada report claiming the firm understated its crypto revenue by $1.35 billion.

Nvidia declined to comment on the DOJ and SEC brief.

In a separate amicus brief filed the same day, 12 former SEC officials backed the investors, saying “private enforcement of the federal securities laws is vital to the integrity of US capital markets.”

They attacked Nvidia’s arguments, which they claimed would create rules “requiring plaintiffs to possess internal company documents and databases before discovery and to preclude the use of experts at the pleading stage.”

They added: “Neither is supported by the law or good policy.”

Six additional amicus briefs supporting the investor group were filed on Oct. 2. They were from quantitative experts, legal professors, institutional investors, the American Association for Justice and the Anti-Fraud Coalition.

This one is not near as attractive as it once was.

Jensen´s Nvidia Bombshell Will Leave You Speechless

$140- $90 = $50 + $140= $190

That would be a pathway to alienating your customer base.

In any case, Nvidia has probably already got a contractual commitment to ensure that its best customers receive the best price that is given to any Customer.

Have you ever worked as a senior manager at any corporation?

Do you have any idea whatsoever how customers would react to this kind of multi-price system?

Customers are already looking for a second or even a third choice they can confidently use to fulfil their AI requirement. Abusing them is not going to be in Nvidia’s interest and certainly not in the shareholder’s best interest.

Demand is off-the-chart. NVDA should create Priority 1 booking and Priority 2 booking. Priority 1 booking to have 15 % higher price. First Priority 1 gets, then Priority 2. No one can complain and more rev for us.

Oct. 3, 2024, 4:17 PM EDT
Nvidia Investors Backed by US in Supreme Court Crypto Sales Case

https://news.bloomberglaw.com/crypto/nvidia-investors-backed-by-us-in-supreme-court-crypto-sales-case

https://www.bloomberglaw.com/public/desktop/document/NVIDIACorporationetalPetitionersvsEOhmanJorFonderABetalDocketNo23/5?doc_id=X5M3UI9RUMQ89UA9GL1ID9H5LC5


🚨 $NVDA Faces Renewed Legal Trouble Over Crypto Fraud Allegations

• Investors claim Nvidia misled them on crypto mining revenue before 2018 crash

• 9 Circuit revives class action against CEO Jensen Huang

• $1.35B underreported earnings cited

• Supreme Court battle looms pic.twitter.com/ghaGUkPw8w— The Coastal Journal (@1CoastalJournal) October 3, 2024

Options Traders Continue to Target Nvidia (NVDA) Stock
By: Schaeffer's Investment Research | October 3, 2024

• NVDA saw the most options activity out of all equities in the last two weeks

• The stock is up over 150% since the start of 2024

Chipmaker Nvidia Corp (NASDAQ:NVDA) is a staple on Senior Quantitative Analyst Rocky White's list of stocks that attracted the most options volume over the last two weeks. Once again, the semiconductor giant took the top spot on White's list.

Nvidia stock saw 33,749,250 calls and 20,076,334 puts traded in the last 10 sessions. The weekly 9/27 125-strike call was the most active contract by far over this timeframe, followed by the 120-strike call in the same series.



Nvidia stock was last seen 2.8% higher to trade at $122.13, getting a boost after CEO Jensen Huan called demand for its Blackwell chips "insane." The security hit a June 20, all-time high of $140.76, with its 160-day moving average keeping the pullback from that peak in check. NVDA is also looking to reconquer its 80-day trendline, which has acted as both support and resistance in the last few months. For 2024, shares boast a 154% lead.



The stock's 10-day call/put volume ratio of 1.90 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than 96% of readings from the past 12 months. What's more, its 50-day call/put volume ratio of 1.56 at the ISE, CBOE, and PHLX sits in the 85th percentile of annual readings as well, indicating a big call bias.

Traders looking to join in on the action can do so for a bargain. This is per Nvidia stock's Schaeffer's Volatility Index (SVI) of 47% that sits higher than just 12% of readings from the last 12 months. This suggests options players are pricing in lower-than-expected volatility right now.

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Perfect. Demand is extraordinary and growing. Data Centers will be upgrading to 1. Increase speed and capacity, and 2. to reduce electrical consumption. Blackwell offers both!

$NVDA takes the prize for the most bullish premium today (Again)
By: Cheddar Flow | October 3, 2024

• $NVDA takes the prize for the most bullish premium today (Again)



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$NVDA Millions worth of LEAPS It seems like these were sold to open since the IV is dropping and the majority were executed at the bid
By: Cheddar Flow | October 3, 2024

• $NVDA Millions worth of LEAPS

It seems like these were sold to open since the IV is dropping and the majority were executed at the bid

This is likely part of a covered call strategy, where the whale holds the underlying and collects the high premium on far-dated calls



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NVDA liquidity soft now. End of day liquidity by big 3 Fidelity, Vanguard, BlackRock back into China although not as harsh and back out of US again. China will save the global markets? Remains to be seen doubtful longer term but play what the big guys throw at you and darts at small cap China still going

https://www.sec.gov/rules-regulations/self-regulatory-organization-rulemaking/occ

Trading the ETFs have been a smashing success for some.
Keep up the great trading.

"Nvidia Insider Share Sales Top $1.8 Billion and More Are Coming"

"Nearly 11 million shares have been sold by Nvidia executives and directors in 2024, the most in a year since at least 2020 after adjusting for stock splits, according to data compiled by the Washington Service.

It represents a tiny percentage of the company’s 24.5-billion outstanding shares, but the sales are coming at a time when investors are already on edge about Nvidia’s delayed Blackwell chips and the longevity of artificial intelligence-related spending.

More sales are planned.

While Chief Executive Officer Jensen Huang recently completed the sale of 6 million shares under a pre-arranged trading plan, a trust controlled by director Mark Stevens has filed to sell 3 million additional shares, on top of the 1.6 million he sold this year prior to that filing..."

https://finance.yahoo.com/news/nvidia-insider-share-sales-top-112931175.html/

Interesting perspective. I didn't know Elon Musk felt that way:
TeslaBull
@pre54151
I was extremely bullish on Nvidia until very recently.
The combination of the significant insider share sales, in addition to investing in "OpenAI" are two red flags.
The highly controversial OpenAI transition from a Not for Profit to a For Profit against the wishes of initial investors, such as Elon Musk who now refers to the organization as "evil", should make people reconsider wisdom and judgement of Jensen Huang.
I will be selling all my $NVDA shares before the end of the week Not everyone thinks NVDA is "going to da moon"...

I assumed some ETFs but some are losing their 13% ytd they were so very proud of.
Ouch
Gl

I doubt we see those levels until the 10K is reported in mid to late February. I believe we could see upwards of $130-$150/share, if reports leak about how well Blackwell sales are going in the fourth quarter.

This time next year, if everything goes as expected (no wars, currency defaults, election madness, etc) and Blackwell sales do as well as forecasted? I believe $250/ share isn't out of the question. With all the doubt/rumors about Blackwell problems (that have so far proven to be false), I don't think Blackwell has yet been factored into the price of NVDA stock.

And where are you getting this info from or are you just spouting BS?

Breakout is eminent with $190 next target.

$124s hit as China liquidity vanishes and NVDA increases. China big caps some up 100% …craziness but not sustainable as sellers take their profits. It’s all based on hope China economy will recover which it obviously won’t. No jobs for youth no recovery

did NVDA just make a lower high top at $125?

at $3 trillion market cap, the Blackwell news is already priced in

are people this gullible??

NVDA What a morning! Guy can't even go to the dentist without NVDA blowing up!
Short at 122.94 :)

The launch sequence has begun...

Loved that movie

121.311

Liquidity coming back out of China into US lets see if NVDA holds above $120

120.75

Dan Ives always says Nvidia is in the 1st inning, the party goes till 4am their at 9pm. He needs some new lines he has worn those out although I agree with him. A colorful guy along with his suit jackets