Source: Wall Street See
Credit Suisse: The demand for chips remains high, and the company's strong production increase plan maintains a bullish stance on Nvidia.
After three consecutive days of decline, $NVIDIA (NVDA.US)$a thrilling roller coaster market appeared with a strong return.
On Tuesday's US stock market, Nvidia rebounded strongly by 6.76% and stopped its three-day decline. Its single-day increase ranked second among the 500 S&P components, and the company's market cap returned to $3 trillion.
Some people are happy and some are worried about Nvidia's decline.
However, within the first three trading days, Nvidia has experienced a drop of more than 10% which has surpassed the threshold of correction, and it has recorded the largest decline in two months.
This has caused a great loss to Nvidia's followers and retail investors who were attracted by the stock split. But for investors who have been waiting and watching, this correction has become a good opportunity to buy in.
In the past five days, institutional strategists point out that investors have continued to strongly lean towards buying Nvidia.
He pointed out that on the trading platform, the ETF with twice the long position in Nvidia $GraniteShares 2x Long NVDA Daily ETF (NVDL.US)$is the 11th most popular stock in terms of trading volume, showing a trend of net buying.
In terms of the options market, he also found that the delta value of Nvidia options trading tends to be positive, and investors are more frequent in buying call options or selling put options.
Vanda Research, which tracks individual investor behavior, shows that in fact, Nvidia has shown strong retail investor buying throughout 2024, and the daily inflow of retail funds has increased significantly since the release of Q1 earnings report at the end of May.
Morgan Stanley: remains bullish on Nvidia's prospects.
On Tuesday, Morgan Stanley analyst Joseph Moore released a report reaffirming his bullish position on Nvidia's stock.
Moore stated:
"The demand side is still strong, with amazing demand for H100 and increasing visibility of orders for H200 production. Blackwell's demand has been booked until mid-next year, and H20 in the Chinese market is seeing a strong increase in production."
Moore also admitted that the current supply chain situation is "mixed", but he also said:
"The stock's market cap has increased by nearly 1 trillion USD since the earnings report was released, so the good prospects have at least partially been discounted - but we can report that the prospects are still good."
Karl Keirstead, an analyst at UBS Group, also expressed a strong bullish sentiment on Nvidia:
"Consistent with our previous survey results, Nvidia remains the top choice for training and inference workloads, and respondents now prefer the Hopper architecture while moving away from traditional and low-end GPUs."
Editor/tolk