A sharp rebound in NVIDIA shares
💡 NVIDIA Stock Rebound: Rekindling the AI Boom and Market Expectations $NVDA
On 2024/8/14, NVIDIA once again attracted market attention. The company's stock price has risen 17% in the past 4 business days, and about 424 billion dollars (about 62 trillion yen) has been added to the total market value. This rapid recovery in stock prices also contributed greatly to the rise in the S&P 500 stock price index, and has had a positive impact on the overall market.
1 ️ ︎ Background of rapid recovery
After reaching record levels six weeks ago, NVIDIA's stock price underwent significant adjustments, and subsequent volatility fueled market concerns. However, there is a strong view that the recent rapid rise in stock prices suggests that the company's worst period has passed.
Ivana Delevska, the founder and chief investment officer (CIO) of SPEAR Investment, has stated that “technical pressure has abated and we have returned to the basic scenario” regarding NVIDIA's recovery. As a result, expectations for NVIDIA increased again among investors, leading to an increase in stock prices.
2 ️ ECT Technical Factors and Market Sentiment
The “return to the basic scenario” pointed out by Mr. Derevska indicates that market evaluations that NVIDIA continues to be in an advantageous position in AI-related businesses have been reaffirmed. In particular, the fact that many good materials from hyperscalers (large-scale data center management companies) appeared on the market has rekindled expectations for NVIDIA's growth.
Meanwhile, the impact of carry trade temporarily weighed heavily on stock prices, but as technical pressure was mitigated, it is said that the market began to look at essential corporate value.
📍 Future prospects
The current rise in NVIDIA's stock price shows that investment in AI technology continues to be attractive. Since the company's products play an essential role in the progress of AI, investor confidence has been restored, and the bullish stance is once again strengthening.
Whether this rebound is temporary or a sign of long-term growth depends on financial results at the end of this month, but it is certain that NVIDIA continues to be in a leading position in the AI market.
On 2024/8/14, NVIDIA once again attracted market attention. The company's stock price has risen 17% in the past 4 business days, and about 424 billion dollars (about 62 trillion yen) has been added to the total market value. This rapid recovery in stock prices also contributed greatly to the rise in the S&P 500 stock price index, and has had a positive impact on the overall market.
1 ️ ︎ Background of rapid recovery
After reaching record levels six weeks ago, NVIDIA's stock price underwent significant adjustments, and subsequent volatility fueled market concerns. However, there is a strong view that the recent rapid rise in stock prices suggests that the company's worst period has passed.
Ivana Delevska, the founder and chief investment officer (CIO) of SPEAR Investment, has stated that “technical pressure has abated and we have returned to the basic scenario” regarding NVIDIA's recovery. As a result, expectations for NVIDIA increased again among investors, leading to an increase in stock prices.
2 ️ ECT Technical Factors and Market Sentiment
The “return to the basic scenario” pointed out by Mr. Derevska indicates that market evaluations that NVIDIA continues to be in an advantageous position in AI-related businesses have been reaffirmed. In particular, the fact that many good materials from hyperscalers (large-scale data center management companies) appeared on the market has rekindled expectations for NVIDIA's growth.
Meanwhile, the impact of carry trade temporarily weighed heavily on stock prices, but as technical pressure was mitigated, it is said that the market began to look at essential corporate value.
📍 Future prospects
The current rise in NVIDIA's stock price shows that investment in AI technology continues to be attractive. Since the company's products play an essential role in the progress of AI, investor confidence has been restored, and the bullish stance is once again strengthening.
Whether this rebound is temporary or a sign of long-term growth depends on financial results at the end of this month, but it is certain that NVIDIA continues to be in a leading position in the AI market.
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