Nvidia (NVDA) Offering Possible 45.99% Return Over the Next 23 Calendar Days

Nvidia's most recent trend suggests a bullish bias. One trading opportunity on Nvidia is a Bull Put Spread using a strike $495.00 short put and a strike $485.00 long put offers a potential 45.99% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $495.00 by expiration. The full premium credit of $3.15 would be kept by the premium seller. The risk of $6.85 would be incurred if the stock dropped below the $485.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Nvidia is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Nvidia is bullish.

The RSI indicator is at 45.46 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

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LATEST NEWS for Nvidia

Li Auto Inc. Announces the Adoption of NVIDIA's Next Generation Autonomous Driving Smart Chip Orin
Tue, 22 Sep 2020 08:15:00 +0000
Li Auto will be the first OEM to use the powerful NVIDIA Orin system-on-a-chip (“SoC”) in its full-size extended-range electric vehicles to be launched in 2022 The single-chip computing power of NVIDIA’s Orin SoC can reach 200 trillion operations per second (“TOPS”), 7 times that of the previous generation Xavier SoC Li Auto will provide end users with upgradable solutions for both software and hardware, expanding the vehicle’s overall computing power to 2000 TOPS and enabling Level 4 autonomous driving BEIJING, China, Sept. 22, 2020 (GLOBE NEWSWIRE) — Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced a three-way strategic cooperation with NVIDIA Corporation (“NVIDIA”), the world's leading artificial intelligence computing company, and NVIDIA's Chinese partner, Huizhou Desay SV Automotive (“Desay SV”). Through this strategic cooperation, Li Auto will be the first OEM equipping its vehicles, the full-size extended-range premium smart SUV to be launched in 2022, with the powerful NVIDIA Orin SoC chipset.The NVIDIA Orin SoC was released in 2019 and is scheduled to be in production in 2022. Orin uses a 7-nanometer production process to achieve a computing power of 200 TOPS, 7 times that of the previous generation, the Xavier SoC. Even with the significant improvement in computing performance, Orin's baseline power consumption is just 45 watts, relatively equivalent to the low power consumption of the previous generation SoC. In addition, Li Auto will provide end users with upgradeable solutions, ranging from L2+ autonomous driving with a single Orin chip and 200 TOPS in computing power, to L4 with dual Orin chips and 400 TOPS in computing power. In the future, the use of discrete GPU can further increase the computing power up to 2000 TOPS theoretically, which provides sufficient hardware capabilities for L5 autonomous driving.As leading automotive electronics products suppliers, Desay SV will build on the powerful Orin SoC, and provide an autonomous driving domain controller with excellent performance. On this foundation, Li Auto will develop all autonomous driving program design and algorithms, aiming to become the first new energy vehicle company to independently develop L4 autonomous driving systems in China.Kai Wang, chief technology officer of Li Auto, said, “We look forward to cooperating with NVIDIA and Desay SV, leveraging our respective strengths to provide users with a safer and more convenient autonomous driving experience. As one of the emerging powers in China’s new energy vehicle market, Li Auto plans to further increase its research and development investment in autonomous driving, while building the Company’s vehicles on a solid hardware base by adopting NVIDIA’s next generation SoC for autonomous driving – Orin. The in-depth cooperation with NVIDIA and Desay SV will also help us accelerate our development in the field of autonomous driving.”Rishi Dhall, vice president of automotive business development of NVIDIA, said, “Our next generation of autonomous driving SoC, Orin, has achieved significant improvement both in its computing power and energy efficiency. Through close cooperation with companies such as Li Auto and Desay SV, we aim to bring all new AI-based autonomous driving functions to the new energy vehicles in China and around the world.”Dapeng Gao, chief executive officer of Desay SV commented, “As artificial intelligence continues to evolve, we are collaborating with the industry’s best partners in order to participate in the evolution of autonomous driving and providing smart mobility solutions for our customers. We are excited to once again cooperate with NVIDIA and work with Li Auto. As we develop an autonomous driving system based on Orin’s superior computing power, we will be able to bring an innovative driving experience to Li Auto’s next generation vehicles, assisting Li Auto to develop smart vehicles and promoting intelligent technologies for the automotive industry.”Benefitting from the powerful computing performance and extensibility of NVIDIA Orin SoC, in addition to the advanced autonomous driving domain controller developed by Desay SV, Li Auto plans to achieve the full range of autonomous driving in its next generation of vehicles.About Li Auto Inc.Li Auto Inc. is an innovator in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric SUVs. Through innovative products, technology, and business model, the Company provides customers with safe, convenient, and cost-effective mobility solutions. Li Auto is the first to successfully commercialize extended-range electric vehicles in China. The Company started volume production of its first model, Li ONE, in November 2019. With Li ONE, the Company leverages its in-house technology to create value for its customers, focusing on range extension, smart technology, and autonomous driving solutions. Beyond Li ONE, the Company aims to expand its product line by developing new vehicles to target a broader consumer base.For more information, please visit: http://ir.lixiang.com.About NVIDIANVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined modern computer graphics and revolutionized parallel computing. More recently, GPU deep learning ignited modern AI ― the next era of computing ― with the GPU acting as the brain of computers, robots and self-driving cars that can perceive and understand the world. More information at http://nvidianews.nvidia.com/.About Desay SV Desay SV (SZ: 002920), one of the leading automotive electronics companies, is committed to playing an active and role in the transformation of future mobility. Desay SV will continue and further enhance its investment in the focused areas of vehicular interior cabin electrification & integration, vehicular intelligence & security and vehicular internet & connectivity. It offers a Smart Solution, which encompassing the 3 areas of Smart Cabin, Smart Drive & Smart Service, and provide global customers with a safer, more comfortable and efficient mobility.Safe Harbor StatementThis press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Li Auto may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about Li Auto’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Li Auto’s strategies, future business development, and financial condition and results of operations; Li Auto’s limited operating history; risks associated with extended-range electric vehicles, Li Auto’s ability to develop, manufacture, and deliver vehicles of high quality and appeal to customers; Li Auto’s ability to generate positive cash flow and profits; product defects or any other failure of vehicles to perform as expected; Li Auto’s ability to compete successfully; Li Auto’s ability to build its brand and withstand negative publicity; cancellation of orders for Li Auto’s vehicles; Li Auto’s ability to develop new vehicles; and changes in consumer demand and government incentives, subsidies, or other favorable government policies. Further information regarding these and other risks is included in Li Auto’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Li Auto does not undertake any obligation to update any forward-looking statement, except as required under applicable law.For investor and media inquiries, please contact:Li Auto Inc. Investor Relations Email: ir@lixiang.comThe Piacente Group, Inc. Yang Song Tel: +86-10-6508-0677 Email: Li@tpg-ir.comBrandi Piacente Tel: +1-212-481-2050 Email: Li@tpg-ir.com

Nvidia Issues Mea Culpa Over Bungled GeForce RTX 3080 Launch
Tue, 22 Sep 2020 06:24:39 +0000
Nvidia (NVDA) has apologized to customers following the hotly-anticipated launch of its GeForce RTX 3080 launch last week.NVDA called the launch “simultaneously the best GPU launch ever and the most frustrating” after the GeForce RTX 3080 sold out almost instantly.“We expected the best ever demand for the RTX 30-series, but the enthusiasm was overwhelming. We were not prepared for this level, nor were our partners. We apologize for this” it wrote on September 21.Indeed, the Nvidia store was inundated with over 10 times the traffic of its previous generation launch, the chip maker revealed.“The reception to our NVIDIA Ampere architecture GPUs has been off the charts and driven interest to heights we’ve never previously experienced. A few examples compared to our previous launch –  4 times the unique visitors to our website, 10 times the peak web requests per second, and more than 15 times the out clicks to partner pages” it said.Over 50 major global retailers had inventory on the day of launch- but the extent of the traffic caused crashes, delays and other issues for customers.According to Nvidia, the GeForce RTX 3080 is still in full production, and it has now been increasing the supply weekly. Partners are also ramping up capacity to meet the unprecedented demand, says NVDA.Nvidia also revealed that its store was overrun with malicious bots and resellers- and in response it has made several changes, including moving the store to a dedicated environment, with increased capacity and more bot protection. It also cancelled hundreds of bot orders manually before they were able to ship.Shares in Nvidia have more than doubled year-to-date, and the stock scores a bullish Strong Buy consensus from the Street. That’s with 24 recent buy ratings vs 4 hold ratings and just 1 sell rating. Meanwhile the average analyst price target indicates 12% further upside lies ahead.RBC Capital analyst Mitch Steves has a buy rating on the chip stock with a $610 price target and argues that gaming should grow mid- single digits long term.He notes that gaming remains the largest segment for the company and writes: “Overall, we are bullish long term given multiple tailwinds including: 1) complexity of video games; 2) virtual reality; and 3) the potential for more customers to shift to NVIDIA products vs. AMD GPU gaming products.” (See NVDA stock analysis on TipRanks)Related News: Microsoft To Buy Gaming Firm ZeniMax For $7.5 Billion Comscore, Samba TV Partner For Europe Expansion; Needham Says Buy Elon Musk Drops Hints On Today’s Big Battery Day; TSLA Down 6% AH More recent articles from Smarter Analyst: * HPE Completes $925M Silver Peak Deal As Street Remains Sidelined * Blix Slams Apple For Not 'Playing Fair' – Report * Synchronoss Sinks 7% As CEO Out For ‘Personal Misconduct’; Analyst Sees 200% Upside * Toll Brothers Sees Strong New Home Orders; Shares Rise 5%

Nvidia Purchase Of Arm Faces UK Scrutiny
Tue, 22 Sep 2020 04:57:55 +0000
Nvidia Corporation's (NASDAQ: NVDA) purchase of British chipmaker Arm Ltd from SoftBank Group Corp (OTC: SFTBY) is under the scanner of the United Kingdom government, Reuters reported late Monday.What Happened: The U.K. Digital Minister Caroline Dinenage told lawmakers that Nvidia's commitment to keeping the chipmaker's headquarters and staff in Cambridge in Eastern England is being studied."We are currently working very hard to understand the full impact of this move and what potential impact it may have on the future, and from there we are able to consider what steps we may wish to take," the minister told lawmakers Tuesday, as per Reuters.The minister reportedly said that the government had already held discussions with the parties involved and a decision to intervene would be the prerogative of the secretary of state for digital, culture, media, and sport after consideration of relevant information.Why It Matters: Earlier this month, Nvidia said it was acquiring Arm from SoftBank's Vision Fund for $40 billion, in one of the largest semiconductor deals.Arm CEO Hermann Hauser criticized the sale to Nvidia and termed it a disaster for Cambridge, the United Kingdom, and Europe."It's the last European technology company with global relevance and it's being sold to the Americans," Hauser said.Arm's chips are used in smartphones and will be used in the future iterations of Apple Inc's (NASDAQ: AAPL) Mac range of computers. Price Action: Nvidia shares closed nearly 2.7% higher at $500.69 on Monday and gained 0.44% in the after-hours session. See more from Benzinga * Nvidia Confirms B Cash, Stock Deal To Acquire SoftBank Chipmaker Arm * Arm Cancels Plan To Spin off Internet Of Things Units To Parent SoftBank * Google Filings With FCC For Two Streaming Devices Hint At New Android TV product(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Britain assessing impact of sale of Arm to Nvidia – minister
Tue, 22 Sep 2020 03:10:13 +0000
Britain is assessing the impact of the sale of chip designer Arm to U.S. company Nvidia , including commitments to keep its head office and staff in Cambridge, Eastern England, digital minister Caroline Dinenage said. Nvidia, the biggest U.S. chip company by market capitalisation, has agreed to buy Arm from Japan's SoftBank <9984.T> for $40 billion.

Advanced Micro Devices, Inc. — Moody's announces completion of a periodic review of ratings of Advanced Micro Devices, Inc.
Mon, 21 Sep 2020 16:35:10 +0000
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Advanced Micro Devices, Inc. New York, September 21, 2020 — Moody's Investors Service (“Moody's”) has completed a periodic review of the ratings of Advanced Micro Devices, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

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