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NVIDIA (NVDA) Stock Price, News & Analysis

$102.83
-4.38 (-4.09%)
(As of 09/6/2024 05:26 PM ET)
Today's Range
$100.95
$108.15
50-Day Range
$98.91
$134.91
52-Week Range
$39.23
$140.76
Volume
408.21 million shs
Average Volume
442.88 million shs
Market Capitalization
$2.53 trillion
P/E Ratio
60.13
Dividend Yield
0.04%
Price Target
$142.10

NVIDIA MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.93 Rating Score
Upside/​Downside
38.2% 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
0.09mentions of NVIDIA in the last 14 days
Based on 194 Articles This Week
Insider Trading
Selling Shares
$592.24 M Sold Last Quarter
Proj. Earnings Growth
27.31%
From $2.60 to $3.31 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.

4.97 out of 5 stars

Computer And Technology Sector

9th out of 594 stocks

Semiconductors & Related Devices Industry

5th out of 85 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

NVIDIA Co. (NASDAQ:NVDA) CEO Sells $12,892,800.00 in Stock
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Top 5 ETFs for Every Investor: From Semiconductors to Defense (NVDA)
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Financial markets news icon
MarketBeat Week in Review – 9/2 - 9/6 (NVDA)
The jobs report did nothing to change the market’s storyline; investors are waiting on the extent of rate cuts and what they say about a possible recession
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The Fundamental Issue With NVIDIA Might Be Its Fundamentals
Investors are using the 15% drop in NVIDIA stock as an opportunity to re-examine the company's valuation; long-term investors shouldn't think too hard
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Is There an AI Bubble: Yes? No? Maybe
High valuations in the AI market raise questions about a potential bubble, requiring investors to evaluate companies and mitigate risk carefully.
NVIDIA Co. (NASDAQ:NVDA) CEO Jen Hsun Huang Sells 120,000 Shares
Computer with the logo of Nvidia Corporation which is a company specialized in the development of graphic processing units.THURSDAY, NOVEMBER 21, 2022. UNITED STATES, CALIFORNIA. - Stock Editorial Photography
Why NVIDIA Is More of a Screaming Buy Than Ever (NVDA)
It’s not often that you see a stock deliver that kind of performance and then manage to catch an entry as the stock falls well below its pre-earnings level.
Perfect Crypto Buying Opportunity for 50 Cents
When cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying with both fists. They know it's only a matter of time before another bull run. Now, Crypto Insiders Are Scooping up Lesser-Known Coins and Making Serious Bank
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Don't Miss These 3 Stocks Set to Defy Expectations in September (NVDA)
September's stock market volatility presents opportunities for investors to identify companies with solid growth potential and capitalize on market shifts.
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3 Stocks to Watch as the Economy Shifts to the Cloud (NVDA)
As the global economy is digitized and uploaded into the cloud, there are three stocks that stand out for investors to ride on this multi-year trend
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Why the Recent Drop in Palantir Could Be a Perfect Buying Moment (NVDA)
Palantir was recently recognized by Forrester as a Leader in AI/ML software platforms, giving investors another reason beyond price to own PLTR stock
Here’s Why NVIDIA Corporation (NVDA) Appreciated in Q2
Where Will Nvidia Stock Be in 10 Years?
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
9/07/2024
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
+38.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.93
Research Coverage
42 Analysts

Profitability

Net Income
$29.76 billion
Pretax Margin
63.47%

Debt

Sales & Book Value

Annual Sales
$96.31 billion
Cash Flow
$1.07 per share
Book Value
$2.37 per share

Miscellaneous

Outstanding Shares
24,598,342,000
Free Float
23,557,832,000
Market Cap
$2.53 trillion
Optionable
Optionable
Beta
1.67

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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's recent product launches, such as the latest GeForce GPUs for gaming and PCs, have been well-received in the market, indicating strong demand and potential revenue growth.
  • The company's strategic focus on providing solutions for gaming platforms, cloud-based visual computing, and automotive systems positions NVidia to capitalize on emerging technology trends and diversify its revenue streams.
  • NVidia's partnerships and agreements in the automotive sector, particularly in automated driving platforms, showcase the company's commitment to innovation and expansion into new markets with high growth potential.
  • With institutional investors significantly increasing their stakes in NVidia, including notable names like Vanguard Group Inc. and Legal & General Group Plc, it reflects confidence in the company's long-term growth prospects and financial performance.
  • Despite recent insider selling, the overall ownership by company insiders remains relatively low at 4.23%, indicating a potential alignment of interests between management and shareholders.

Cons

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

  • The high valuation of NVidia's stock, especially in comparison to industry peers, may pose a risk of a market correction or investor sentiment shift impacting the stock price negatively.
  • Market volatility and macroeconomic factors could affect NVidia's performance, particularly in global regions where the company operates, leading to potential revenue fluctuations and operational challenges.
  • Competition in the semiconductor industry is intense, with rivals constantly innovating and introducing new products, which could pressure NVidia to maintain its market position and profitability.
  • Investors should closely monitor NVidia's financial reports and earnings calls for any signs of slowing growth or unexpected expenses that could impact the company's stock performance.
  • While NVidia's product portfolio is diverse, any disruptions in the supply chain or manufacturing processes could lead to delays in product launches or impact the company's ability to meet market demand, affecting revenue generation.
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 Wednesday, September 4, 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 at the start of the year. Since then, NVDA stock has increased by 107.6% and is now trading at $102.83.
View the best growth stocks for 2024 here
.

How were NVIDIA's earnings last quarter?

NVIDIA Co. (NASDAQ:NVDA) issued its earnings results on Wednesday, August, 28th. The computer hardware maker reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.04. The business's quarterly revenue was up 122.4% on a year-over-year basis.
Read the conference call transcript
.

When did NVIDIA's stock split?

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 minted shares were payable 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.

How will NVIDIA's stock buyback program work?

NVIDIA's Board of Directors initiated a share repurchase plan on Wednesday, August 28th 2024, which permits the company to repurchase $50,000,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 1.6% of its stock through open market purchases. Stock buyback plans are typically 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 these companies: Excelero Storage, Bright Computing, DeepMap, Arm Holdings, Cumulus Networks, SwiftStack, Parabricks, and more.

Who are NVIDIA's major shareholders?

NVIDIA's top institutional investors 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 9/7/2024 by MarketBeat.com Staff

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