WATCH ASAP! TECHNICAL ANALYSIS FOR NVDA - AUTONOMOUS AI BREAKTHROUGH BY NVIDIA

Summary

The video discusses the strategic partnership between Nvidia and Meta, highlighting how Meta is utilizing Nvidia's GPUs for AI research, metaverse development, and data center enhancements. It also covers Nvidia's impact on autonomous driving and robotics, with platforms like Drive AGX and Jetson. The video provides a stock analysis of Nvidia, suggesting trading strategies based on key resistance and support levels, and shares a success story of doubling investment in Apple call options. It concludes with potential catalysts for Nvidia's growth, such as AI adoption, autonomous driving expansion, metaverse development, and robotics automation.

Takeaways

• 📈 Nvidia's stock is currently in a consolidation phase with support around $123.20 and resistance around $132.24.
• 📊 A breakout above $128.82 could indicate a continuation of upward momentum, with the next resistance level at $132.24.
• 📉 If Nvidia's stock falls below $123.20, it could signal a potential reversal or deeper pullback, with support levels at $117.70 and $114.33.
• 💡 The 20-day moving average is a crucial indicator for dynamic support/resistance and potential trading opportunities.
• 🏦 Meta (formerly Facebook) is investing heavily in AI and advanced computing, using Nvidia's GPUs for AI research, development, and rendering high-quality virtual environments.
• 🌐 Nvidia's GPUs are essential for Meta's metaverse development, handling complex computations for real-time graphics and simulations.
• 💻 Meta's data centers are equipped with Nvidia's GPUs to enhance processing capabilities for large-scale data analytics and AI-driven services.
• 🚗 Nvidia's Drive platform is at the forefront of autonomous driving technology, with companies like Tesla, Mercedes-Benz, and Volvo using it to develop self-driving cars.
• 🤖 The Jetson platform is a game-changer for robotics and edge AI applications, enabling real-time processing and decision-making in various robots.
• 🔮 Nvidia Isaac Sim allows developers to simulate and test robots in a virtual environment, speeding up the development process.
• 🚕 Elon Musk's vision for Tesla as a $30 trillion AI-driven company with a fleet of robo-taxis and humanoid robots relies on Nvidia's technology for AI and computing power.

Q & A

What is the current status of Nvidia's stock price and its relation to the 20-day moving average?

Nvidia's stock closed at $125.88, which is slightly below the 20-day moving average, suggesting a possible consolidation phase or slight bearish pressure in the short term.

What is the significance of the $23.20 level in relation to Nvidia's stock price?

The $23.20 level has historically provided significant support for Nvidia's stock price and coincides with the lower boundary of the trend channel, making it a crucial level to watch.

What is the potential trading strategy if Nvidia's stock breaks above the $128.82 resistance?

If Nvidia breaks above the $128.82 resistance, it could move towards the next resistance at $132.24. A breakout above $132.24 might push the stock towards the upper trend line and the $138.50 resistance level, prompting traders to consider entering long positions.

What action should traders take if Nvidia's stock breaks below the $23.20 support level?

If Nvidia's stock breaks below the $23.20 support level, it could indicate a potential reversal or a deeper pullback. Traders might consider short positions using August or September 120 or 118 puts with targets at $17.70 and $14.33.

What is the role of the 20-day moving average in Nvidia's stock trading strategy?

The 20-day moving average plays a crucial role in providing dynamic support and resistance for Nvidia's stock, helping traders to monitor these levels for potential trading opportunities on breakouts or pullbacks.

How did the trading of Apple 125 call options contribute to the week's success?

The Apple 125 call options, which don't expire until the following Friday, were bought for $177 and by the end of the day had doubled in value to $350 each, marking a successful trade for the week.

What is Meta's (formerly Facebook) investment focus in relation to AI and advanced computing?

Meta is investing heavily in AI and advanced computing, using Nvidia's technology for AI research and development, metaverse development, and enhancing the processing capabilities of their data centers.

How are Nvidia's GPUs utilized in the development of the metaverse by Meta?

Nvidia's GPUs are essential for rendering high-quality, immersive virtual environments in the metaverse, handling complex computations required for real-time graphics and simulations.

What role does Nvidia's Drive platform play in autonomous technology development?

Nvidia's Drive platform, including Drive AGX and Drive Orin, provides the computational power for self-driving cars, being used by companies like Tesla, Mercedes-Benz, and Volvo to develop and deploy autonomous vehicles.

How does Nvidia's Jetson platform contribute to robotics and edge AI applications?

The Jetson platform is a game changer for robotics and edge AI applications, enabling real-time processing and decision-making in robots, used in drones, industrial robots, and home service robots.

What is Elon Musk's vision for Tesla, and how does Nvidia's technology fit into this vision?

Elon Musk aims to turn Tesla into a $30 trillion AI-driven company with a fleet of robo-taxis and humanoid robots. Nvidia's technology is at the heart of this vision, providing the AI and computing power needed to make it a reality.

What are some potential catalysts that could drive Nvidia's stock even higher?

Increased adoption of AI, expansion in autonomous driving, growth in the metaverse, and advancements in robotics and automation are potential catalysts that could drive Nvidia's stock higher as demand for their technology rises.

Outlines

00:00

📈 Nvidia's Stock Analysis and Trading Strategy

The video discusses the current state of Nvidia's stock, highlighting its closing price of $125.88, which is slightly below the 20-day moving average, indicating potential consolidation or bearish pressure. The support level at $23.20 is emphasized as crucial, coinciding with the lower boundary of the trend channel. Resistance levels are identified at $128.82 and $132.24, with the latter being a significant point for potential upward momentum continuation. The trading strategy involves entering long positions on a breakout above $128.82, with stop-loss orders below the 20-day moving average at $125.72. The video also mentions the successful trade of Apple call options and delves into Meta's (formerly Facebook) use of Nvidia's technology for AI research, metaverse development, data centers, and autonomous technology, showcasing Nvidia's impact beyond Meta.

05:01

🚀 Nvidia's Impact on Autonomous Driving and Robotics

This paragraph focuses on Nvidia's pioneering role in autonomous driving and robotics. The Nvidia Drive platform, including the Drive AGX and Drive Orin, provides the necessary computational power for self-driving cars, with companies like Tesla, Mercedes-Benz, and Volvo utilizing these technologies. The Drive Hyperion is introduced as a comprehensive development platform for autonomous vehicle design. The Jetson platform is highlighted for robotics and edge AI applications, enabling real-time processing in drones, industrial, and home service robots. Nvidia Isaac Sim is mentioned for virtual testing and simulation of robots. Elon Musk's vision for Tesla as a $30 trillion AI-driven company with robo-taxis and humanoid robots is discussed, with Nvidia's technology being central to this ambition. Potential catalysts for Nvidia's stock growth include increased AI adoption, advancements in autonomous driving, metaverse expansion, and the move towards automation and intelligent machines.

Keywords

💡Nvidia

Nvidia is a leading technology company known for its graphics processing units (GPUs) and is a central player in the fields of AI, gaming, and data centers. In the video, Nvidia's GPUs are highlighted as a key technology leveraged by Meta for various applications, including AI research, metaverse development, and autonomous technology, showcasing its importance in driving technological innovation.

💡Meta

Meta, formerly known as Facebook, is a tech giant that is investing heavily in AI and advanced computing. The video discusses how Meta is using Nvidia's technology for AI research and development, metaverse development, and data centers, indicating Meta's strategic role in the future of AI and virtual environments.

💡AI Research and Development

AI research and development refers to the process of creating and improving artificial intelligence systems. The video mentions that Meta is leveraging Nvidia's GPUs to accelerate AI model training, which is crucial for innovations in machine learning and deep learning, emphasizing the role of powerful hardware in advancing AI capabilities.

💡Metaverse

The metaverse is a collective virtual shared space, created by the convergence of virtually enhanced reality and physically persistent virtual reality. The script discusses Meta's vision for the metaverse and how Nvidia's GPUs are essential for rendering high-quality, immersive virtual environments, highlighting the intersection of technology and virtual reality.

💡Data Centers

Data centers are facilities used to house, power, and cool the computer servers, storage systems, and networking equipment. The video explains that Meta's data centers are equipped with Nvidia's GPUs to enhance processing capabilities, allowing for large-scale data analytics and improved performance of AI-driven services.

💡Autonomous Technology

Autonomous technology refers to systems that operate without human intervention. The script mentions that Meta is exploring applications of autonomous technology, with Nvidia's Drive platform playing a significant role in developing advanced AR/VR experiences and potentially future autonomous systems.

💡Nvidia Drive Platform

The Nvidia Drive platform is a suite of software and hardware technologies designed for autonomous driving. The video discusses how companies like Tesla, Mercedes-Benz, and Volvo are using these platforms to develop self-driving cars, illustrating the widespread application of Nvidia's technology in the automotive industry.

💡Jetson Platform

The Jetson platform is a series of AI edge computing modules designed for robotics and edge AI applications. The video explains that this technology enables real-time processing and decision-making in robots, including drones, industrial robots, and home service robots, showcasing its versatility in the field of robotics.

💡Nvidia Isaac Sim

Nvidia Isaac Sim is a simulation platform that allows developers to test and validate AI algorithms in a virtual environment. The video mentions that this tool speeds up the development process by providing a virtual space for testing robots before they are deployed in the real world.

💡Elon Musk

Elon Musk is the CEO of Tesla and is known for his ambitious goals and innovative ideas. The video refers to Musk's claim of turning Tesla into a $30 trillion AI-driven company with a fleet of robo-taxis and humanoid robots, underlining the significance of Nvidia's technology in realizing such futuristic visions.

💡Stock Trading Strategy

A stock trading strategy is a plan that outlines when and how to enter and exit trades. The video provides a detailed trading strategy for Nvidia's stock, including specific price levels to watch for potential entry and exit points, and the use of options for trading, demonstrating the practical application of technical analysis in stock trading.

Highlights

Nvidia and Meta are collaborating, with Meta leveraging Nvidia's technology for AI and autonomous driving advancements.

Nvidia's stock is currently in a consolidation phase, with key support and resistance levels identified for potential trading opportunities.

A breakout above $128.82 could signal continued upward momentum for Nvidia's stock, with the next resistance at $132.24.

Traders are advised to consider long positions with specific call options on a confirmed breakout above key resistance levels.

A potential bearish scenario is outlined if Nvidia's stock falls below $23.20, with further support levels at $17.70 and $14.33.

Meta is using Nvidia's GPUs for AI research and development, accelerating AI model training for innovations in machine learning and deep learning.

Nvidia's technology is essential for rendering high-quality, immersive virtual environments in Meta's metaverse development.

Meta's data centers utilize Nvidia's GPUs to enhance processing capabilities for large-scale data analytics and AI-driven services.

Meta is exploring autonomous technology applications with Nvidia's Drive platform, potentially for advanced AR/VR experiences and autonomous systems.

Nvidia's Drive platform, including AGX and Orin, provides computational power for self-driving cars used by companies like Tesla, Mercedes-Benz, and Volvo.

The Jetson platform is a game-changer for robotics and edge AI applications, enabling real-time processing in drones, industrial, and home service robots.

Nvidia Isaac Sim allows developers to simulate and test robots in a virtual environment, speeding up the development process.

Elon Musk's vision of turning Tesla into a $30 trillion AI-driven company relies on Nvidia's technology for AI and computing power.

Increased adoption of AI, expansion in autonomous driving, growth in the metaverse, and advancements in robotics and automation are potential catalysts for Nvidia's stock growth.

The video provides insights into how Nvidia and Meta are shaping the future of AI, autonomous driving, and the metaverse through technological innovation.

Successful trade examples, such as Apple 125 call options doubling in value, demonstrate the potential of the current market for stock option trading.

Transcripts

hey everyone welcome back to the channel

today we have some exciting news to

discuss about two Tech Giants Nvidia and

meta we'll dive into how meta is

leveraging nvidia's powerful technology

and what it means for the future of AI

and autonomous driving let's get started

so let's get right into the chart on

Nvidia stock right now Nvidia closed at

$125 882 slightly below the 20-day ma

suggesting a possible consolidation

phase or slight bearish pressure in the

short term

$23.20 is a level that has provided

significant support in the past and

coincides with the lower boundary of the

trend Channel making it a crucial level

to watch on the upside horizontal

resistance is at

$132 24 this level represents a

significant resistance point and a

breakout Above This Could indicate a

continuation of the upward momentum my

trading strategy on this is simple if

Nvidia breaks above the $128 82

resistance it could move towards the

next resistance at $132 24 a breakout

above $132 24 might push the stock

towards the upper trend line and the

$38.50 resistance level Traders might

consider entering long positions or

September or August 130 135 calls on a

confirmed break breakout above $1

12882 with a target of

$132 24 and $1

13850 placing stop-loss orders below

$125 72 20-day ma should we see Nvidia

break below the

$23.20 support level it could indicate a

potential reversal or a deeper pullback

the next support levels to watch would

be

$17.70 and $114

33 Traders might consider short

positions using August or September 120

or

118 puts on a confirmed breakdown below

$23.20 with targets at

$17.70 and

$14.33 placing stop-loss orders above

$125 72 our options trading group

Traders Nvidia stock options many times

each week I'll leave a link to patreon

in the description if you want to get an

instant notification when we make a move

the Nvidia stock is currently in a

consolidation phase within an upward

Channel with significant support around

$123 120 and resistance around

$132 24 the 20day moving average plays a

crucial role in providing Dynamic

support/ resistance monitoring these

levels can provide potential trading

opportunities either on breakouts or

pullbacks if you have any specific Focus

or additional indicators you'd like to

consider let me know in the comments

below where we made money today was the

Apple 125 call options that don't expire

until next Friday and we bought those

for

$177 once the order was filled I sent

that out to all the members and by the

end of the day they were a double gong

for $350 each from our buy at

$177 each so great way to end the week

and you know we've been doing trades

like that all week so it's been a really

great Market to trade this year and

anytime your stock option doubles in the

day and it doesn't expire for another

week is a good day no doubt so recently

we've seen that meta has been purchasing

thousands of Nvidia chips but what

exactly are they using these for let's

break it down meta formerly known as

Facebook is investing heavily in Ai and

advanced Computing they are using

nvidia's technology for several key

purposes AI research and

development meta is leveraging nvidia's

gpus to accelerate their AI research

these powerful chips enable faster

training of AI models which is crucial

for Innovations in machine learning and

deep learning metaverse development as

meta pushes forward with its vision for

the metaverse nvidia's gpus are

essential for rendering highquality

immersive virtual environments these

gpus handle complex computations

required for real-time graphics and

simulations data centers meta's data

centers are equipped with nvidia's gpus

to enhance their processing capabilities

this allows meta to manage large scale

data analytics and improve the

performance of their aid driven Services

autonomous technology meta is exploring

applications of autonomous technology

and nvidia's drive platform plays a

significant role here this technology

could be used for developing Advanced

arvr experiences and possibly for future

autonomous systems but that's not all

nvidia's Impact extends Beyond meta

let's look at how Nvidia is

revolutionized ing autonomous driving

and Robotics Nvidia is at the Forefront

of autonomous driving and Robotics with

its cuttingedge technology autonomous

driving the Nvidia Drive platform

including drive agx and drive Orin

provides the computational power for

self-driving cars companies like Tesla

Mercedes-Benz and Volvo are using these

platforms to develop and deploy

autonomous vehicles the drive Hyperion

is another powerful tool offering a

comprehensive development platform for

Designing autonomous

vehicles robotics the Jetson platform is

a game changer for Robotics and Edge AI

applications enabling real-time

processing and decision-making in robots

this technology is used in drones

industrial robots and Home Service

robots Nvidia Isaac Sim allows

developers to simulate and test their

robots in a virtual environment speeding

up the development process Tesla's

Optimus robot powered by Nvidia

technology is designed for various tasks

showcasing the versatility and power of

nvidia's AI capabilities speaking of

Tesla let's touch on Elon musk's bold

Claim about turning Tesla into a $30

trillion Aid driven company with a fleet

of Robo taxis and humanoid robots

nvidia's technology is at the heart of

this Vision providing the AI and

computing power needed to make it a

reality now you might be wondering what

potential Catalyst could drive nvidia's

stock even higher here are a few

increased adoption of AI as more

companies adopt AI the demand for

nvidia's gpus will continue to rise

expansion in autonomous

driving with advancements in

self-driving Technology nvidia's Drive

platform will see increased usage growth

in the metaverse meta's push into the

metaverse will require substantial

computational power further driving

demand for nvidia's

Technology robotics and a automation as

Industries move towards automation

nvidia's Jetson platform will play a

crucial role in developing intelligent

machines so there you have it Nvidia and

meta are at the Forefront of

technological innovation and their

collaboration is set to shape the future

of AI autonomous driving and the

metaverse if you enjoyed this video

don't forget to like subscribe and hit

the notification Bell for more Tech

updates thanks for watching and I'll see

you in the next one

[Music]