Here’s Proof NVDA Is Just Getting Started

Pay attention to NVDA – the stock price is down, but spending is up, making this a potentially rare window of opportunity... [Derby City Daily logo]( [Derby City Daily logo]( April 26, 2024 [Here’s Proof NVDA Is Just Getting Started]( By Andy Swan Nvidia (NVDA) has our attention right now. I know what you’re thinking: When does it not? We've [hammered the table]( about NVDA countless times over the last two years, most famously when we officially deemed it oversold in September of 2022... Snapshot from the September 2022 MegaTrends Report When the stock was trading at just $129. (Shout-out to our [MegaTrends]( subscribers who acted on that “trade of a lifetime.”) NVDA has been on a tear ever since. But after closing at a high of $950 in March, NVDA has pulled back ~13% – opening a potentially rare window of opportunity for those paying attention. 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In short, when people talk about the H100 GPU, they're talking about an incredibly powerful tool that helps computers understand and interact with the world in more human-like ways. This makes even more sense when you learn about the two companies talking about seriously upping spend: [Tesla (TSLA)]( and [Meta Platforms (META)](. Here's what each company said on its respective earnings call: ✓ Tesla: Increasing from 35,000 H100 GPUs to 85,000 H100 GPUs by the end of the year. "We are, at this point, no longer training-constrained, and so we're making rapid progress. We've installed and commissioned, meaning they're actually working 35,000 H100 computers or GPUs. GPU is wrong word. They need a new word. I always feel like a wince when I say GPU because it's not. GPU stand – G stands for graphics, and it doesn't do graphics. But you know, roughly 35,000 H100S are active, and we expect that to be probably 85,000 or thereabouts by the end of this year and training, just for training." ✓ Meta: Feverishly spending to boost its AI capabilities. META stock was punished for raising the lower end of its 2024 expense forecast by $2 billion, and raising the top end of its capex (aka capital expenditure) outlook as it invests in AI. Source: Reuters While the company didn't explicitly call out Nvidia technology like Tesla did, we know from last quarter that Meta planned to spend billions on NVDA's AI chips. CEO Mark Zuckerberg stated that by the end of 2024, Meta's infrastructure will be equipped with 350,000 Nvidia H100 graphics cards: And this recent tone shift only appears to reinforce (or even accelerate) that investment. RECOMMENDED LINK [Forget Trump or Biden – THIS is what will hit your wallet in 2024]( Forget about the election: An even bigger shock out of Washington D.C. could soon throw the financial markets into chaos – and 99.99% of analysts are completely missing it. You have until May 1st to prepare. [Click here to get ready]( Room for Upside? Absolutely. Here's the Proof. We've got a close eye on the near-term pullback – because LikeFolio data suggests plenty of room for upside. Check out these charts and you’ll see why we’re so confident... Nvidia mention buzz continues to rise, up 11% year over year: At the same time, even as volume has doubled, Nvidia’s sentiment levels have steadily marched higher (+3%). This is rare to see – typically as volume increases, so does criticism. But Nvidia’s Consumer Happiness remains strong: And web visits confirm that Nvidia is still trouncing peers – and garnering interest from consumers: Bottom line: Nvidia is benefitting from nearly every major macro trend on our radar right now: [AI]( [autonomous driving]( [crypto interest]( etc. Dips look extremely appealing – and this one might just be your moment. Our data pointed to the opportunity in NVDA way back in September 2022, and the stock went on to soar more than 600%, turning a single buy alert into the opportunity of a lifetime for our MegaTrends subscribers. Those kinds of legacy-making trades are rare. But we have a knack for finding them: ✓ +611% on At Home Group (HOME) in 2021... ✓ +213% on Crocs (CROX) in 2022... ✓ +217% on DraftKings (DKNG) in 2023... ✓ And +289% on Coinbase (COIN) here in 2024. With a [stock-picking system]( powered by real-time consumer insights, we’ve delivered our members some truly incredible wins over the years. And there’s plenty more [where those came from](. In fact, we triggered a brand-new [buy alert]( earlier today on a $3 stock that we believe could surge 200% in the next two years. You can get your hands on that pick, and dozens more active recommendations, right now. [Simply click here to get started](. Until next time, [Andy Swan's signature] [Andy Swan's signature] Andy Swan Founder, LikeFolio Discover More Free Insights from Derby City Daily Here's what you may have missed from Derby City Daily this week... ✓ [How Tesla’s Post-Earnings Surge Led to a 268% Profit in Two Days]( ✓ [Ad Spend Could Be a Boon for These Big Tech Stocks]( ✓ [This Could Be the Boost Airbnb Needs]( Get Instant Access Click to read these free reports and automatically sign up for research throughout the week. [The Infinite Income Manifesto]( [25 Doomed Blue Chip Stocks]( [5 Unapologetically Profitable Stocks for 2024]( © 2024 TradeSmith, LLC t/a Derby City Insights. All Rights Reserved. 1125 N. 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