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NVIDIA (NVDA) Stock Price, News & Analysis

NVIDIA logo
$136.05
+0.65 (+0.48%)
(As of 11/4/2024 ET)

About NVIDIA Stock (NASDAQ:NVDA)

Key Stats

Today's Range
$135.57
$138.96
50-Day Range
$102.83
$143.71
52-Week Range
$44.90
$144.42
Volume
185.47 million shs
Average Volume
239.52 million shs
Market Capitalization
$3.34 trillion
P/E Ratio
63.81
Dividend Yield
0.03%
Price Target
$143.07
Consensus Rating
Moderate Buy

Company Overview

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.

NVIDIA Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
92nd Percentile Overall Score

NVDA MarketRank™: 

NVIDIA scored higher than 92% of companies evaluated by MarketBeat, and ranked 88th out of 660 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    NVIDIA has received a consensus rating of Moderate Buy. The company's average rating score is 2.95, and is based on 37 buy ratings, 4 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    NVIDIA has been the subject of 25 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about NVIDIA's stock forecast and price target.
  • Earnings Growth

    Earnings for NVIDIA are expected to grow by 33.21% in the coming year, from $2.65 to $3.53 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of NVIDIA is 63.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.51.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of NVIDIA is 63.81, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 227.45.

  • Price to Earnings Growth Ratio

    NVIDIA has a PEG Ratio of 1.43. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    NVIDIA has a P/B Ratio of 79.10. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about NVIDIA's valuation and earnings.
  • Percentage of Shares Shorted

    1.04% of the outstanding shares of NVIDIA have been sold short.
  • Short Interest Ratio / Days to Cover

    NVIDIA has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in NVIDIA has recently increased by 1.89%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    NVIDIA has a dividend yield of 0.03%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    NVIDIA does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of NVIDIA is 1.88%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, NVIDIA will have a dividend payout ratio of 1.13% next year. This indicates that NVIDIA will be able to sustain or increase its dividend.

  • Read more about NVIDIA's dividend.
  • Percentage of Shares Shorted

    1.04% of the outstanding shares of NVIDIA have been sold short.
  • Short Interest Ratio / Days to Cover

    NVIDIA has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in NVIDIA has recently increased by 1.89%, indicating that investor sentiment is decreasing.
  • News Sentiment

    NVIDIA has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 115 news articles for NVIDIA this week, compared to 132 articles on an average week.
  • Search Interest

    Only 774 people have searched for NVDA on MarketBeat in the last 30 days. This is a decrease of -11% compared to the previous 30 days.
  • MarketBeat Follows

    548 people have added NVIDIA to their MarketBeat watchlist in the last 30 days. This is an increase of 18% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, NVIDIA insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $291,803,127.00 in company stock.

  • Percentage Held by Insiders

    Only 4.23% of the stock of NVIDIA is held by insiders.

  • Percentage Held by Institutions

    65.27% of the stock of NVIDIA is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about NVIDIA's insider trading history.
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NVDA Stock News Headlines

Western Digital headquarters in San Jose, California, USA - June 8, 2023.Western Digital Corporation is an American computer drive manufacturer and data storage company. — Stock Editorial Photography
2 Stocks Spinning Off Divisions to Boost Shareholder Value (NVDA)
Western Digital and Intel plan spin-offs to boost shareholder value; WDC to split SSD/HDD units, while INTC separates its foundry.
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Is Amazon a Must-Own Stock in the Magnificent 7? (NVDA)
Amazon's diversified business means that it has a lot of priorities to juggle. So, how it is it handling these, and how strong is it going forward?
2 sentences that change everything you THOUGHT you knew about trading
If you're like most people, on Friday morning you'll probably follow your set routine: Wake up... eat breakfast... go to work... But if you say these two sentences to your broker... you could collect as much as $1,250 on Friday... no matter where you live, whether you're working or already retired. It all has to do with a unique stock market secret that's worked 97% of the time for the past 8 years running.
Intel headquarters in Silicon Valley, Santa Clara, California, USA - June 10, 2023. Intel Corporation is an American multinational corporation and technology company. — Stock Editorial Photography
Intel: Is Now the Time to Be Brave?  (NVDA)
Since hitting lows in September, Intel shares have climbed 25%, and there are several reasons for investors to be excited. Let’s take a look.
Super Micro logo sign
Super Micro Computer: Where Does it Go From Here? (NVDA)
Super Micro Computers investors should expect volatility to continue in 2024, with short-interest high and institutions buying.
See More Headlines

NVDA Stock Analysis - Frequently Asked Questions

NVIDIA's stock was trading at $49.5220 on January 1st, 2024. Since then, NVDA shares have increased by 174.7% and is now trading at $136.05.
View the best growth stocks for 2024 here
.

NVIDIA Co. (NASDAQ:NVDA) announced its earnings results on Wednesday, August, 28th. The computer hardware maker reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. The firm's quarterly revenue was up 122.4% compared to the same quarter last year.
Read the conference call transcript
.

Shares of NVIDIA split on the morning of Monday, June 10th 2024. The 10-1 split was announced on Monday, June 10th 2024. The newly issued 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.

NVIDIA's Board of Directors approved a share repurchase program on Wednesday, August 28th 2024, which permits 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 programs are typically an indication that the company's leadership believes its stock is undervalued.

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

Top institutional shareholders of NVIDIA include IMC Chicago LLC, International Assets Investment Management LLC (0.23%), National Pension Service (0.19%) and Van ECK Associates Corp (0.18%). Insiders that own company stock include Jen Hsun Huang, Mark A Stevens, Harvey C Jones, Tench Coxe, Colette Kress, Ajay K Puri, Corp Nvidia, Debora Shoquist, Mark L Perry, Dawn E Hudson, Donald F Robertson Jr, John Dabiri and Persis Drell.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that NVIDIA investors own include JPMorgan Chase & Co. (JPM), AbbVie (ABBV), Verizon Communications (VZ), Meta Platforms (META), Vanguard Short-Term Inflation-Protected Securities ETF (VTIP), Pembina Pipeline (PBA) and Advanced Micro Devices (AMD).

Company Calendar

Last Earnings
8/28/2024
Ex-Dividend for 10/3 Dividend
9/12/2024
Dividend Payable
10/03/2024
Today
11/05/2024
Next Earnings (Confirmed)
11/20/2024
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
$143.07
High Stock Price Target
$200.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+5.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.95
Research Coverage
43 Analysts

Profitability

Net Income
$29.76 billion
Pretax Margin
63.47%

Debt

Sales & Book Value

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

Miscellaneous

Outstanding Shares
24,530,000,000
Free Float
23,492,381,000
Market Cap
$3.34 trillion
Optionable
Optionable
Beta
1.66

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This page (NASDAQ:NVDA) was last updated on 11/5/2024 by MarketBeat.com Staff
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