Nullatech AI has analyzed Nike and Nvidia data in last 300 weeks. In this post, we will talk about our prediction about Nike market trends and also check the status of Nvidia market trend for next week. beside we predict those stocks on this link.
Nike’s U.S. sales
Nike releases its results after the market closes on Thursday, March 22. Its global business has many moving parts, but investors will likely focus on any signs of a potential rebound in the struggling U.S. market. The sports apparel and footwear giant’s overall sales inched higher in the prior quarter, but only because healthy international gains offset a discouraging 5% drop in the domestic segment. CEO Mark Parker and his team said at in its second-quarter earnings call that the North America segment should stabilize soon, and the company is doing what it can to hasten that shift by managing inventory and scaling up the pace of new product introductions. After all, Nike needs at least a steady domestic division if it’s going to achieve management’s long-term goals of rising profitability, high-single-digit sales growth, and return on invested capital of at least 30% over the next five fiscal years.
As you see in the chart above, Nullatech predicted 76% of Nike market trends correctly in last 300 weeks.
The rate of stock changes will be descending in the next week.
nvidia has strong traction in the vehicle space
Many industry watchers expect fully autonomous vehicles to be legal in the United States as early as 2020 or 2021. The transitioning of the world’s transportation fleet from being driven by humans and fueled by petroleum to driving itself and being powered by electricity promises to be one of the biggest tech trends of the century — and NVIDIA is on track to capitalize on it. More than 320 car and truck makers and others are developing with NVIDIA’s autonomous vehicle AI computing platform, DRIVE PX. Moreover, NVIDIA has partnerships in this space with Toyota, Tesla, Mercedes-Benz, Volkswagen, Chinese tech giant Baidu, and ride-hailing leader Uber, among others.