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NVIDIA (NVDA) Stock Price, News & Analysis

$118.68
+1.09 (+0.93%)
(As of 12:29 PM ET)
Today's Range
$117.22
$121.75
50-Day Range
$98.91
$134.91
52-Week Range
$39.23
$140.76
Volume
182.85 million shs
Average Volume
443.21 million shs
Market Capitalization
$2.92 trillion
P/E Ratio
69.40
Dividend Yield
0.03%
Price Target
$142.10

NVIDIA MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.93 Rating Score
Upside/​Downside
18.2% Upside
$142.10 Price Target
Short Interest
Healthy
1.19% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.26
Upright™ Environmental Score
News Sentiment
0.36mentions of NVIDIA in the last 14 days
Based on 305 Articles This Week
Insider Trading
Selling Shares
$610.41 M Sold Last Quarter
Proj. Earnings Growth
25.69%
From $2.53 to $3.18 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.

4.89 out of 5 stars

Computer And Technology Sector

27th out of 605 stocks

Semiconductors & Related Devices Industry

5th 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

CPU on board with big data hologram — Photo Pure Storage data storage
Why NVIDIA’s Earnings Point to a Bullish Future for Pure Storage (NVDA)
Pure Storage stock is sinking on weak guidance in an otherwise solid earnings report, but demand for data storage due to AI may be understated and undervalued
Nvidia logo in three dimensions isolated on dark background
Buy the Dip In NVIDIA, But Be Prepared for Volatility
NVIDIA had a smoking hot quarter, but the strength was expected, and growth is slowing, providing headwinds for the stock price that may cap gains in September.
What Is the $7,882 Stimulus Payment 2024?
Biden’s government just announced a new government "stimulus program"... And it could hand you a payment for as much as $7,882 — each quarter.
Ambarella Stock price Forecast
Sleeper AI-Winner Ambarella Will More Than Triple in Price  (NVDA)
Ambarella blew past Q2 forecasts as demand for its next-generation computer vision and edge-AI inference products ramped unexpectedly higher.
Gaming processor macro photo. Graphic processor unit close up
NVIDIA: Analysts Bullish Ahead of Earnings - Is It a Buy Now?
NVIDIA has received a series of analyst upgrades ahead of its upcoming earnings report, reflecting strong market confidence in its performance and potential.
Driver using touchscreen Mobileye in car
Mobileye Global: CEO Makes $10 Million Bet on Future Strength (NVDA)
Mobileye Global Inc. (NASDAQ: MBLY) is a leading developer of advanced driver assistance systems (ADAS) vehicle solutions.
Electronic circuit board — Photo
Synopsys: Looking to Stay Ahead of Industry Trends after Solid Q3 (NVDA)
Synopsys beat estimates on adjusted earnings per share and revenue. Answers to questions in the earnings call also gave positive signals.
AMD stock price outlook
Is AMD Closing the Gap with NVIDIA After Its Recent Acquisition?
Advanced Micro Devices recently announced they are acquiring ZT Systems to help them compete in the data center market against Nvidia.
What Is the $7,882 Stimulus Payment 2024?
Biden’s government just announced a new government "stimulus program"... And it could hand you a payment for as much as $7,882 — each quarter.
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Is Lam Research the Semiconductor Stock You’ve Been Overlooking? (NVDA)
LAM Research is a key contributor to the semiconductor industry value chain. In faces several tailwinds and headwinds that investors should be aware of.
Palantir Technologies logo is displayed on a smartphone screen
3 High P/E Stocks That Are Still Worth Buying Right Now (NVDA)
Many investors are told to avoid stocks with high P/E ratios; however, these three stocks give long-term investors reasons to buy them anyway
Financial markets news icon
MarketBeat Week in Review – 8/12 - 8/16 (NVDA)
The melt-up continued this week after benign inflation readings and a surprise jump in retail sales calmed recession fears and elevated hopes for a rate cut
NVIDIA's (NVDA) "Buy" Rating Reiterated at Rosenblatt Securities
NVIDIA (NASDAQ:NVDA) Price Target Raised to $140.00
Nvidia drives path Tesla would find familiar
Nvidia (NVDA) Receives a Hold from Deutsche Bank
See More Headlines
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Company Calendar

Ex-Dividend for 6/28 Dividend
6/11/2024
Dividend Payable
6/28/2024
Last Earnings
8/28/2024
Today
8/30/2024
Ex-Dividend for 10/3 Dividend
9/12/2024
Dividend Payable
10/03/2024
Next Earnings (Estimated)
11/19/2024
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
$142.10
High Stock Price Target
$200.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+20.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.93
Research Coverage
42 Analysts

Profitability

Net Income
$29.76 billion
Pretax Margin
61.28%

Debt

Sales & Book Value

Annual Sales
$79.77 billion
Cash Flow
$1.34 per share
Book Value
$1.72 per share

Miscellaneous

Outstanding Shares
24,598,342,000
Free Float
23,557,832,000
Market Cap
$2.89 trillion
Optionable
Optionable
Beta
1.68

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Should I Buy NVIDIA Stock? NVDA Pros and Cons Explained

Pros

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

  • NVIDIA Corporation provides graphics and compute and networking solutions in various countries, ensuring a diverse revenue stream.
  • The Graphics segment offers GeForce GPUs for gaming and PCs, which are highly popular and in demand.
  • NVidia's GeForce NOW game streaming service and related infrastructure are at the forefront of the growing cloud gaming industry.
  • NVidia's solutions for gaming are constantly evolving and staying competitive in the market.
  • Current stock price of NVidia is at a favorable level for potential investors.

Cons

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

  • While NVidia has a strong presence in the market, competition in the graphics and compute industry is fierce.
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 Monday, August 26, 2024. Please send any questions or comments about these NVIDIA pros and cons to contact@marketbeat.com.

NVDA Stock Analysis - Frequently Asked Questions

How have NVDA shares performed this year?

NVIDIA's stock was trading at $49.5220 on January 1st, 2024. Since then, NVDA shares have increased by 142.8% and is now trading at $120.25.
View the best growth stocks for 2024 here
.

How were NVIDIA's earnings last quarter?

NVIDIA Co. (NASDAQ:NVDA) released its earnings results on Wednesday, August, 28th. The computer hardware maker reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.05. The firm's revenue for the quarter was up 122.4% compared to the same quarter last year.
Read the conference call transcript
.

When did NVIDIA's stock split?

NVIDIA's stock split on the morning of Monday, June 10th 2024. The 10-1 split was announced on Monday, June 10th 2024. The newly minted shares were distributed to shareholders after the market closes 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.

How will NVIDIA's stock buyback program work?

NVIDIA's board approved a share repurchase plan on Wednesday, August 28th 2024, which allows the company to repurchase $50,000,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 1.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its stock is undervalued.

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.

Does NVIDIA have any subsidiaries?

NVIDIA subsidiaries include Excelero Storage, Bright Computing, DeepMap, Arm Holdings, Cumulus Networks, SwiftStack, Parabricks, and more.

Who are NVIDIA's major shareholders?

Top institutional shareholders of NVIDIA include Austin Private Wealth LLC, Legal & General Group Plc (0.87%), Bank of New York Mellon Corp (0.74%) and Susquehanna International Group LLP. Insiders that own company stock include Jen Hsun Huang, Mark A Stevens, Harvey C Jones, Colette Kress, Ajay K Puri, Tench Coxe, Corp Nvidia, Debora Shoquist, Mark L Perry, Dawn E Hudson, Donald F Robertson Jr, John Dabiri, Robert K Burgess, Robert K Burgess and Persis Drell.
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.

What other stocks do shareholders of NVIDIA own?

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

This page (NASDAQ:NVDA) was last updated on 8/30/2024 by MarketBeat.com Staff

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