Nullatech AI has analyzed Nike and Nvidia data in last 300 weeks. In this post, we will talk about our correct prediction about Nike market trends and also check the status of Nvidia market trend for next week.
Nullatech result for Nike market
Last week we published a post about Nike market trends. This week we predicted 74% of Nike, Inc. (NYSE: NKE) market trends correctly in last 300 weeks.
Nike is the undisputed market leader in athletic footwear and sports apparel in the world, with enormous brand value and market leadership in many regions globally. However, the stock is trading at expensive earnings and cash flow metrics that are not justified based on fundamentals and industry growth prospects.
The Olympics just ended, and several sporting brands received significant publicity during the course of the games, Nike is one of them. That publicity is good for stock prices and while Nike performed well in 2017, its March 22 earnings report will ultimately set the pricing framework for the coming year. Right now, analysts expect an earnings increase of 17% this year but will set that number higher if that report is strong
Nullatech Predicted Nike Market Trends Correctly
As you see in the chart above, Nullatech predicted 74% of Nike market trends correctly in last 300 weeks.
Nullatech prediction for NVIDIA market
Nullatech AI predicted 75% of The Nvidia Corporation (NASDAQ: NVDA) market trends correctly in last 300 weeks. You can check our prediction on the chart below and also see the stock status for next week.
One of the company’s main growth drivers has been its Datacenter segment, which includes its AI-powered DGX and Tesla products. In the latest full quarter, Nvidia witnessed Datacenter revenues of $606 million, up about 105% year over year.
Over the past 30 days, the Zacks Consensus Estimate for Nvidia’s full-year earnings has gained a staggering $1.54, indicating that analysts are struggling to keep up with the company’s lightning-fast growth. Thanks to this revision activity, NVDA is sporting a Zacks Rank #1 (Strong).
Nullatech Chart For Nvidia Stock Prediction
As you see in the chart above, Nullatech has analyzed Nvidia data in last 300 weeks. Our AI predicted 75% of market trends correctly. We also predicted the future behavior of Nvidia stock market. Due to our prediction, the rate of stock changes will be descending in the next week. You can also see more predictions in our application.