NVIDIA will hold the 2024 GTC Conference from March 18 to 21, 2024, releasing the latest breakthrough results in the fields of accelerated computing, generative AI, and humanoid robots. This meeting is the first time that the gtc conference has returned offline after five years.
As the opening of the conference, Nvidia CEO Huang Jenxun will deliver a keynote speech titled “Witness AI’s Subversive Moment” (don’t miss this transformative moment) on the afternoon of March 18, local time (4:00 a.m. on March 19, Beijing time).
Overall, Wall Street is extremely optimistic about Nvidia's current gtc. It is expected that this conference will help Nvidia stock end its recent volatile trend. In related media surveys of analysts, Nvidia received 60 buy ratings, 7 hold ratings, and 0 sell ratings. Even with the recent decline, Nvidia stock is still up 77.4% year to date, and it was up 238% for the whole of last year.
Boosted by hard technology leaders such as NVIDIA, the U.S. 50ETF (159577) underlying index (MSCI U.S. 50 Index) has increased by 9.30% this year, becoming the U.S. stock broad-based index with the highest increase this year.
Data source: wind, the same below.
funds continue to deploy core assets in the U.S. stock market through ETFs. The latest data shows that as of March 15, the U.S. 50ETF (159577) has received net inflows of funds for three consecutive days. Since its listing on February 23, it has The accumulated net subscriptions exceeded 116 million yuan!
Public information shows that the U.S. 50etf (159577) target index invests in the 50 stocks with the largest market capitalization in the U.S. stock market. Nvidia’s content is as high as 8%. Other heavy holdings include: Apple, Microsoft, Google, Tesla, Eli Lilly, and Berkshire. Hathaway and others, the total market value of the 50 constituent stocks exceeds 26 trillion US dollars, accounting for approximately 60% of the total market value of the U.S. stock market, and can reflect the overall performance of the leading companies in the U.S. stock market. The head effect of U.S. listed companies is strong, and the strong will always be strong. For a long time, the U.S. 50 Index has had better returns than the S&P 500.
[Top 10 heavyweight stocks in the US 50etf (159577) underlying index]
For the upcoming GTC conference, the market currently has three focuses: the next generation blackwell GPU architecture, the new b100 GPU based on blackwell and the progress of humanoid robots. NVIDIA's progress in software has also attracted attention. The market expects that Nvidia may also make a large number of updates to its software called CUDA, which provides developers with tools to run AI programs on its chips and helps developers stay in touch with Nvidia's chips. CUDA will also make it harder for Nvidia users to switch to components sold by its competitors, such as Advanced Micro Devices, Microsoft and Alphabet Inc's Google for in-house chips.
In addition, Nvidia began making its chips and software available as a cloud service to developers last year, and analysts are watching how Nvidia expands this effort. Ryanshrout, an analyst at chip analysis company Shrout Research, said: "The server side is actually more of a software game." Analysts will closely observe whether other cloud services and software companies "will challenge Nvidia to get their hands on it." playing together on the playground and feeling nervous”.
Bank of America raised Nvidia’s target price from $925 to $1,100 last week. According to the bank's analyst Vivekarya, the next short-term factor driving Nvidia's rise is the GTC conference. He said: “We expect that the results covered by this conference will include: demonstrating that the impact of generative AI in the end market is rising and its application is more widespread; there is an opportunity to re-build global computing on a scale of 1 trillion to 2 trillion US dollars through its accelerator. Infrastructure will form a market of US$250 billion to US$500 billion per year in the next 3 to 5 years (previously US$250 billion per year); reported on b100gpu, flagship gpun100, Ethernet switches, next-generation chip DPU and cutting-edge AI solutions, etc. The latest progress in the field."
[Representative of the core assets of the U.S. stock market - the high "British content" U.S. 50etf (159577) has continuously received funds to increase positions]
More and more investors who are optimistic about the core assets of the U.S. stock market have begun to use the U.S. 50etf ( 159577) for layout.The U.S. 50ETF (159577) can be traded at t+0, which is helpful for investors to capture intraday trading opportunities. With this ETF, investors do not need to open a U.S. stock account. They can also start with a normal A-share account and allocate U.S. stock positions with a low threshold. The 50 super large technology, pharmaceutical and other leaders in the Ministry of Finance enjoy the development dividends of "the strong will always be strong" in the US stock market.
Currently, the single-day subscription limit for the US 50etf (159577) primary market has been tightened to 50 million units.
Risk warning: Funds are risky, so investment needs to be cautious. The individual stocks in this article are only objectively displayed as index constituent stocks and do not represent any investment advice. Investors should read the Fund Contract and other legal documents to understand the risk and return characteristics of the fund. The U.S. 50etf (159577) is a medium risk level (r3) product and is suitable for investors who are balanced (c3) and above after the customer risk level assessment. The underlying index does not fully represent the entire stock market. The average return of the underlying index constituents may deviate from the average return of the stock market as a whole. The above products invest in overseas securities markets, and the net value of the fund will fluctuate due to factors such as fluctuations in the securities markets in which they invest. Risks of overseas investment products include market risk, exchange rate risk, etc. The information presented in this article is for reference only, and investors must be responsible for any investment decisions they make independently. Any opinions, analyzes and predictions in this article do not constitute any form of investment advice to readers.
