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NVIDIA (NVDA) Stock Price, News & Analysis

$124.30
+0.76 (+0.62%)
(As of 07/1/2024 ET)
Today's Range
$118.83
$124.84
50-Day Range
$79.52
$135.58
52-Week Range
$39.23
$140.76
Volume
284.08 million shs
Average Volume
372.13 million shs
Market Capitalization
$3.06 trillion
P/E Ratio
72.69
Dividend Yield
0.03%
Price Target
$126.34

NVIDIA MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.93 Rating Score
Upside/​Downside
1.6% Upside
$126.34 Price Target
Short Interest
Healthy
1.28% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.26
Upright™ Environmental Score
News Sentiment
0.43mentions of NVIDIA in the last 14 days
Based on 188 Articles This Week
Insider Trading
Selling Shares
$324.32 M Sold Last Quarter
Proj. Earnings Growth
25.30%
From $2.53 to $3.17 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.65 out of 5 stars

Computer And Technology Sector

57th out of 587 stocks

Semiconductors & Related Devices Industry

12th out of 88 stocks

NVDA stock logo

About NVIDIA Stock (NASDAQ:NVDA)

NVIDIA Corporation ranks among the world’s leading microchip manufacturers and is best known for its contributions in the fields of graphics and gaming. Its chips and related software power the fastest, highest-resolution graphics and are featured in a line of products that include solutions for all end-market uses. Along with gaming, NVIDIA microchips are used in visualization, datacenter, AI, and autonomous vehicles just to name a few.

NVIDIA was founded in 1993 by three friends and is headquartered in Santa Clara, California. The company was intended to focus on chips for the budding gaming and entertainment industry that was spawned by the rise of the personal computer and the Internet. At the time of its founding, there were less than 30 graphics-focused independent operators and that figure would more than double over the next few years.

NVIDIA launched its first product in 1995 called the NV1 and paved the way for 3-D games like Sega’s Virtual Fighter. The next big break came in 1996 with the launch of Microsoft DirectX Drivers which changed how Windows interfaced with games. The next year, in 1997, the company will release the world’s first 128-bit 3-D processor. It quickly gains acceptance gaming OEMs and more than 1 million units are shipped the first four months. Later, in 199, the company will invet the GPU and change the world of computing forever. The GPU will not only enhance the graphics capabilities of the PC but lead to accelerated-computing and AI as well. NVIDIA also held its IPO that same year.

Founders Jensen Huang and Chris Malachowsky are still in leadership positions. Mr. Huang has served as the company’s CEO, president, and board member since the company’s founding. Mr. Malachowsky serves as a member of the company’s executive staff and is a senior technology executive.

Today, NVIDIA Corporation is the only remaining independently operating graphics-focused microchip company in operation. The company’s business has evolved from the core gaming-oriented business to include graphics-oriented computing, and networking solutions in the United States, Taiwan, China, and internationally but gaming is still a pillar of the business.

NVIDIA’s Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and software solutions for gaming platforms.  The company also offers the Quadro/NVIDIA RTX GPUs for enterprise-level workstation graphics, the vGPU software for cloud-based visual and virtual computing, and entertainment platforms for OEM auto manufacturers, and Omniverse software for 3-D world-building.

NVIDIA’s Compute & Networking segment provides a wide range of solutions for interconnect, AI/autonomous driving, cryptocurrency mining, robotics, Data Center platforms and accelerated computing. Products include Mellanox for networking and interconnect, Jetson for robotics and embedded applications, and AI Enterprise software among others.

NVDA Stock Price History

NVDA Stock News Headlines

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As investors rotated out of NVDA, they rotated into other Magnificent 7 stocks, which could continue their rally in the second half of 2024
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The semiconductor sector has been a standout performer in 2024, but recent trends suggest that its momentum might be slowing. So, let's examine the overall state of the sector, focusing on the Van Eck Semiconductor ETF NASDAQ: SMH and two leading names: NVIDIA NASDAQ: NVDA and Taiwan Semiconductor Manufacturing Company NYSE: TSM.
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NVIDIA and TSM Stock: Is Semiconductor Sector Momentum Slowing? (NVDA)
The semiconductor sector, which has outperformed the market YTD, is showing possible signs of a slowdown as the sector hovers near significant support.
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MarketBeat Week in Review – 6/24 - 6/28 (NVDA)
A benign reading on inflation may keep the stock market rally going as traders and investors get a break with a holiday-shortened week before earnings season
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MongoDB Stock: Analysts Recommend Buying the Dip (NVDA)
MongoDB's stock price correction is a timely buying opportunity that analysts and institutions take advantage of; sustained growth is in this stock's forecast.
NVIDIA (NASDAQ:NVDA) PT Raised to $144.00
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See More Headlines

Company Calendar

Last Earnings
5/22/2024
Ex-Dividend for 6/4 Dividend
5/29/2024
Dividend Payable
6/04/2024
Ex-Dividend for 6/28 Dividend
6/11/2024
Dividend Payable
6/28/2024
Today
7/01/2024
Next Earnings (Estimated)
8/28/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:NVDA
Previous Symbol
NASDAQ:NVDA
CUSIP
67066G10
Employees
29,600
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$126.34
High Stock Price Target
$200.00
Low Stock Price Target
$62.00
Potential Upside/Downside
+1.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.93
Research Coverage
43 Analysts

Profitability

Net Income
$29.76 billion
Pretax Margin
61.28%

Debt

Sales & Book Value

Annual Sales
$60.92 billion
Cash Flow
$1.25 per share
Book Value
$1.72 per share

Miscellaneous

Outstanding Shares
24,600,000,000
Free Float
23,559,420,000
Market Cap
$3.06 trillion
Optionable
Optionable
Beta
1.68

Social Links

Should I Buy NVIDIA Stock? NVDA Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in NVidia:

  • NVIDIA has consistently increased its dividend payouts, providing investors with a steady income stream. As of today, the annualized dividend yield is 0.31%.
  • The company's earnings per share (EPS) is predicted to be 2.52 for the current year, indicating strong growth potential.
  • Analysts have given NVIDIA a "Moderate Buy" rating with an average price target of $116.90, suggesting positive sentiment and potential stock price appreciation.
  • Institutional investors own a significant portion (65.27%) of NVIDIA's stock, indicating confidence from large financial entities.
  • NVIDIA's product offerings, including GeForce GPUs for gaming and Quadro/NVIDIA RTX GPUs for enterprise workstation graphics, cater to diverse market segments, ensuring revenue stability.

Cons

Investors should be bearish about investing in NVidia for these reasons:

  • Insiders have sold a substantial number of shares in the last 90 days, worth over $248 million, which may raise concerns about their confidence in the company's future performance.
  • The stock price of NVIDIA has experienced fluctuations, and investors should be cautious of potential volatility in the market.
  • While the company has shown growth in EPS, investors should monitor any changes in analyst predictions and market conditions that could impact future earnings.
  • Competition in the graphics and compute solutions market is intense, with other tech giants vying for market share, posing a challenge to NVIDIA's growth trajectory.
  • Investors need to consider the overall market conditions and economic outlook, as external factors can influence NVIDIA's stock performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, June 22, 2024. Please send any questions or comments about these NVIDIA pros and cons to contact@marketbeat.com.

NVDA Stock Analysis - Frequently Asked Questions

Should I buy or sell NVIDIA stock right now?

43 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NVIDIA in the last twelve months. There are currently 4 hold ratings, 38 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NVDA shares.
View NVDA analyst ratings
or view top-rated stocks.

What is NVIDIA's stock price target for 2024?

43 equities research analysts have issued 12 month target prices for NVIDIA's shares. Their NVDA share price targets range from $62.00 to $200.00. On average, they anticipate the company's stock price to reach $126.34 in the next twelve months. This suggests a possible upside of 1.6% from the stock's current price.
View analysts price targets for NVDA
or view top-rated stocks among Wall Street analysts.

How have NVDA shares performed in 2024?

NVIDIA's stock was trading at $49.5220 at the beginning of 2024. Since then, NVDA shares have increased by 151.0% and is now trading at $124.30.
View the best growth stocks for 2024 here
.

When is NVIDIA's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 28th 2024.
View our NVDA earnings forecast
.

How were NVIDIA's earnings last quarter?

NVIDIA Co. (NASDAQ:NVDA) issued its earnings results on Wednesday, May, 22nd. The computer hardware maker reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.10. The computer hardware maker had revenue of $26.04 billion for the quarter, compared to analysts' expectations of $24.59 billion. NVIDIA had a trailing twelve-month return on equity of 110.60% and a net margin of 53.40%. The firm's revenue for the quarter was up 262.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 EPS.
Read the conference call transcript
.

How often does NVIDIA pay dividends? What is the dividend yield for NVIDIA?

NVIDIA announced a quarterly dividend on Wednesday, May 22nd. Shareholders of record on Tuesday, June 11th will be paid a dividend of $0.10 per share on Friday, June 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Tuesday, June 11th. This is a positive change from the stock's previous quarterly dividend of $0.04.
Read our dividend analysis for NVDA
.

Is NVIDIA a good dividend stock?

NVIDIA (NASDAQ:NVDA) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.03%. The dividend payout ratio is 2.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NVDA will have a dividend payout ratio of 1.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NVDA.

When did NVIDIA's stock split?

NVIDIA shares split before market open on Monday, June 10th 2024. The 10-1 split was announced on Monday, June 10th 2024. The newly created shares were distributed to shareholders after the closing bell on Monday, June 10th 2024. An investor that had 100 shares of stock prior to the split would have 1,000 shares after the split.

What guidance has NVIDIA issued on next quarter's earnings?

NVIDIA updated its second quarter 2025 earnings guidance on Wednesday, May, 22nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $27.4 billion-$28.6 billion, compared to the consensus revenue estimate of $26.7 billion.

What is Jen-Hsun Huang's approval rating as NVIDIA's CEO?

783 employees have rated NVIDIA Chief Executive Officer Jen-Hsun Huang on Glassdoor.com. Jen-Hsun Huang has an approval rating of 99% among the company's employees. This puts Jen-Hsun Huang in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of NVIDIA own?

Based on aggregate information from My MarketBeat watchlists, some companies that other NVIDIA investors own include Alibaba Group (BABA), Micron Technology (MU), Advanced Micro Devices (AMD), General Electric (GE), Tesla (TSLA), Netflix (NFLX), PayPal (PYPL), Walt Disney (DIS) and Block (SQ).

Who are NVIDIA's major shareholders?

NVIDIA's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Capital Market Strategies LLC (0.00%), Neville Rodie & Shaw Inc. (0.00%), Cullen Investment Group LTD. (0.00%), Bank of New Hampshire (0.00%), Jackson Wealth Management LLC (0.00%) and Michael S. Ryan Inc. (0.00%). Insiders that own company stock include Colette Kress, Dawn E Hudson, Debora Shoquist, Donald F Robertson Jr, Harvey C Jones, Jen Hsun Huang, John Dabiri, Mark A Stevens, Mark L Perry, Persis Drell, Robert K Burgess, Robert K Burgess and Tench Coxe.
View institutional ownership trends
.

How do I buy shares of NVIDIA?

Shares of NVDA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does NVIDIA have any subsidiaries?
The following companies are subsidiares of NVIDIA: 3Dfx Interactive, Arm Holdings, Beijing DeepMap Chuxing Technology Co. Ltd., Beijing Mellanox Technologies Co. Ltd., Bright Computing, Bright Computing B.V., Bright Computing Holding B.V., Bright Computing Inc, Cigol Digital Systems Ltd., Cumulus Networks, Cumulus Networks Inc, Cumulus Networks India LLP, DeepMap, DeepMap (Guangzhou) Chuxing Technology Co. Ltd., DeepMap Cayman Limited, DeepMap GmbH i.L., DeepMap HongKong Limited, DeepMap US LLC, Excelero Storage, Exluna, Hybrid Graphics, Icera, Icera LLC, Icera Semiconductor LLC, JAH Venture Holdings Inc., LPN Facilitator LLC, MediaQ, Mellanox Technologies, Mellanox Technologies Belfast Ltd. (fka Titan IC Systems Ltd.), Mellanox Technologies Denmark ApS (fka Iptronics A/S), Mellanox Technologies Inc, Mellanox Technologies Ltd, Mellanox Technologies Silicon Photonics Inc. (fka Kotura Inc.), Mellanox Technologies Singapore Pte. Ltd. (Singapore), Mellanox Technologies Sweden AB (fka OptiGOT AB), Mellanox Technologies UK Holdings Ltd., Mellanox Technologies UK Ltd. (fka Voltaire (UK) Ltd.), Mellanox Technologies Ukraine LLC, NV Computing Mexico S de R L de CV, NVIDIA (BVI) Holdings Limited, NVIDIA (Thailand) Ltd, NVIDIA ARC GmbH, NVIDIA Brasil Computação Visual Limitada, NVIDIA Bulgaria EOOD, NVIDIA Corporation, NVIDIA Development France SAS, NVIDIA Development Inc., NVIDIA Development UK Limited, NVIDIA Dutch B.V., NVIDIA Entertainment Devices (Shanghai) Co. Ltd, NVIDIA FZ-LLC, NVIDIA GK, NVIDIA GmbH, NVIDIA Graphics Holding Company, NVIDIA Graphics Private Limited, NVIDIA Helsinki Oy, NVIDIA Hong Kong Development Limited, NVIDIA Hong Kong Holdings Limited, NVIDIA International Holdings Inc., NVIDIA International Inc., NVIDIA International Technology LLC, NVIDIA Israel Technologies Ltd (fka NVIDIA Israel Ltd), NVIDIA Italy S.r.l., NVIDIA Ltd., NVIDIA New Zealand Limited, NVIDIA Poland sp.z o.o, NVIDIA Pty Limited, NVIDIA Saudi Limited, NVIDIA Semiconductor (Shenzhen) Co. Ltd., NVIDIA Semiconductor Holding Company, NVIDIA Semiconductor Shenzhen Holding Company, NVIDIA Semiconductor Technical Service (Shanghai) Co. Ltd., NVIDIA Semiconductor Technology (Beijing) Co. Ltd., NVIDIA Semiconductor Technology (Shanghai) Co. Ltd., NVIDIA Singapore Development Pte. Ltd., NVIDIA Singapore Pte Ltd, NVIDIA Switzerland AG, NVIDIA Technical Service (Beijing) Co. Ltd., NVIDIA Technology UK Limited, NVentures LLC, Oski Technology Hungary Korlátolt Felelősségű Társaság, Oski Technology Inc, Oski Technology Private Limited, PGI, Parabricks, PortalPlayer, RayScale, SwiftStack, SwiftStack Inc, TransGaming, ULi Electronics, VC Worldwide Ltd., iReady, and mental images.
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This page (NASDAQ:NVDA) was last updated on 7/2/2024 by MarketBeat.com Staff

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