Will NVIDIA’s (NASDAQ Ticker: $NVDA) stock price close below $300USD per share before August 1, 2023?
LBeesley avatar
Spongpad
14
resolved Aug 1
Resolved
NO

After closing at approximately $305 yesterday, NVIDIA's earnings call has prompted a near 30% surge during today's trading day (5/25/2023).

https://finance.yahoo.com/quote/NVDA/

Will track through both June and July with external factors such as the debt ceiling discussion, tech stocks' volatility, et al, affecting posted stock price during this time.

Will resolve YES if NVIDIA's stock closes below $300USD on any trading day between now and the end of July 2023. Any dips below $300USD during a trading day will not count towards this market.

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parhizj avatar
JRPbought Ṁ100 of NO

Why is the 5%? Is China going to invade Taiwan today or something?

1 reply
LBeesley avatar
Spongpad

@parhizj If I had a laugh react to give, I would. Lol

parhizj avatar
JRPpredicted NO

https://www.globenewswire.com/news-release/2023/07/12/2703509/0/en/Recursion-Announces-Collaboration-and-50-Million-Investment-from-NVIDIA-to-Accelerate-Groundbreaking-Foundation-Models-in-AI-Enabled-Drug-Discovery.html

Recursion Announces Collaboration and $50 Million Investment from NVIDIA to Accelerate Groundbreaking Foundation Models in AI-Enabled Drug Discovery
Companies to collaborate on software for biotech and pharmaceutical companies to create improved patient treatments faster…
parhizj avatar
JRPbought Ṁ30 of NO

Next forecasted earning date (https://www.wallstreethorizon.com/nvidia-earnings-calendar) is August 21. As I don't anticipate any other upsets that could rock the stock so much downwards in the next 40 days, especially given the AI hype and slow moving legislation, I am betting NO.

Nvidia Earnings Dates | Upcoming, Forecasted, & Historical
View the next upcoming earnings date for Nvidia (NVDA), along with forecasted and historical earnings dates.
3 replies
LBeesley avatar
Spongpad

@parhizj There’s always gonna be bears with that “aaaaaany day now recession” energy though. Lol

parhizj avatar
JRPpredicted NO

@LBeesley Yeah I've been anticipating a crash for a year now so maybe I'm jaded.

parhizj avatar
JRPbought Ṁ5 of NO

@parhizj Read some more articles today indicating a recession is less likely in the short term. The trade war is also heating up with US-China over AI chips. I don't see the AI hype dying down this month even if there are some limited export controls.