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Closing trading signal on NVIDIA Corp - NVDA - profit +$10,159

Profit realized on the trade NVDIA

Profit cashed in from the trade on Nvidia - NVDA on September 13, 2022

Good morning Traders,

On July 01, 2022 a Short Trading Signal was opened on NVIDIA Corp (Ticker: NVIDA) listed on NASDAQ, then increased on July 22, 2022 and closed on September 13 realizing a profit of over $10 thousand.

The transaction was opened considering macroeconomic data, the sharply declining price of copper and problems with its supply, resulting in delays in the production and delivery of microchips.

These delays in July resulted in a reduction in the company's revenues and net income.

The company also has a strong correlation with the crypto market, due to proof-of-work crypto mining that requires PC hardware components

Below graph with the two market entry points

The transaction yielded a profit of more than 15 percent of the equivalent value of the shares sold.

Some information about NVIDIA Corp

NVIDIA Corp is engaged in the design and manufacture of computer graphics processors, chipsets and related multimedia software. 

The company mainly includes the GPU business that deals with video cards (GeForce), boards for disigners and components for data scientists and researchers on artificial intelligence big data and GRID for the cloud; The processor sector that incorporates GPUs and multi-core CPUs for supercomputers, autonomous robots, drones , cars, and game consoles; and the generic sector that deals with stock-based compensation, to business infrastructure and support costs, acquisition-related costs, legal transaction costs, and other nonrecurring charges.

The company was founded by Jen Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem in January 1993 and is headquartered in Santa Clara, California.

Financial Overview: NVDA's current market capitalization is $311,648B USD. The company's TTM EPS is 3.09 USD, dividend yield is 0.13% and PE is 41.19. NVIDIA Corporation's next earnings release date is November 17. The estimate is $0.73 USD.

Accounts, including revenue, expenses, profit and loss: NVDA's total revenue for the latest quarter is $6.70B USD, down 19.11% from the previous quarter. Net income in Q2 22 is 656.00M USD.

Overview data and accounts source: Tradingview.com