NVDA Stock Summary and Trading Ideas (Nvidia | NASDAQ:NVDA)

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 January 27, 2025, NVDA stock price declined to $118.82 with 509,497,316 million shares trading.

NVDA has a beta of 2.87, meaning it tends to be more sensitive to market movements. NVDA has a correlation of 0.56 to the broad based SPY ETF.

NVDA has a market cap of $2.91 trillion. This is considered a Mega Cap stock.

Last quarter Nvidia reported $35 billion in Revenue and $.81 earnings per share. This beat revenue expectation by $2 billion and exceeded earnings estimates by $.06.

In the last 3 years, NVDA traded as high as $153.13 and as low as $10.81.

The top ETF exchange traded funds that NVDA belongs to (by Net Assets): VTI, VOO, SPY, IVV, VUG.

NVDA has outperformed the market in the last year with a return of +93.7%, while the SPY ETF gained +24.8%. However, in the most recent history, NVDA shares have underperformed the stock market with its stock returning -15.4% in the last 3 month period and -12.6% for the last 2 week period, while SPY has returned +3.7% and +3.2%, respectively.

NVDA support price is $138.14 and resistance is $147.10 (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 shares will trade within this expected range on the day.