M&A News: Nvidia (NASDAQ:NVDA) to Acquire 2 Israeli AI Startups
TipRanks (Thu, 25-Apr 6:23 AM ET)
Nvidia to buy two Israeli startups aiming to run AI models more cheaply
Seeking Alpha News (Thu, 25-Apr 3:37 AM ET)
Nvidia Supplier SK Hynix Sees First Profit In 5 Quarters, Credits AI Chip Demand
Benzinga (Thu, 25-Apr 3:20 AM ET)
Benzinga (Thu, 25-Apr 2:32 AM ET)
Benzinga (Wed, 24-Apr 10:33 PM ET)
Benzinga (Wed, 24-Apr 2:38 PM ET)
Intel Q1 earnings preview: AI progress in focus
Seeking Alpha News (Wed, 24-Apr 1:10 PM ET)
A better distribution of earnings growth will help the stock market by year-end - Canaccord Genuity
Seeking Alpha News (Wed, 24-Apr 11:59 AM ET)
Snowflake unveils flagship AI model Arctic to woo enterprises
Seeking Alpha News (Wed, 24-Apr 10:29 AM ET)
Nvidia confirms deal to acquire Israeli startup Run:ai (update)
Seeking Alpha News (Wed, 24-Apr 9:40 AM ET)
Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs. GPU use cases have since emerged as important semiconductors used in artificial intelligence. Nvidia not only offers AI GPUs, but also a software platform, Cuda, used for AI model development and training. Nvidia is also expanding its data center networking solutions, helping to tie GPUs together to handle complex workloads.
Nvidia trades on the NASDAQ stock market under the symbol NVDA.
As of April 25, 2024, NVDA stock price climbed to $821.97 with 11,929,157 million shares trading.
NVDA has a beta of 2.17, meaning it tends to be more sensitive to market movements. NVDA has a correlation of 0.35 to the broad based SPY ETF.
NVDA has a market cap of $2.05 trillion. This is considered a Mega Cap stock.
Last quarter Nvidia reported $22 billion in Revenue and $5.16 earnings per share. This beat revenue expectation by $1 billion and exceeded earnings estimates by $.53.
In the last 3 years, NVDA stock traded as high as $974.00 and as low as $108.13.
The top ETF exchange traded funds that NVDA belongs to (by Net Assets): RAYD, VTI, VOO, SPY, IVV.
NVDA has outperformed the market in the last year with a return of +204.0%, while the SPY ETF gained +22.7%. In the last 3 month period, NVDA beat the market returning +34.0%, while SPY returned +3.2%. However, in the most recent 2 weeks NVDA has underperformed the stock market by returning -5.6%, while SPY returned -2.8%.
NVDA support price is $770.48 and resistance is $823.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NVDA stock will trade within this expected range on the day.