21-Jun-2024
Nvidia Stock Slides Nearly 2% In Premarket Following Last Week's Pullback: What's Going On
Benzinga (Mon, 24-Jun 8:13 AM ET)
Nasdaq, S&P, Dow futures are mixed, yields little changed
Seeking Alpha News (Mon, 24-Jun 8:00 AM ET)
Nasdaq, S&P, Dow futures trade mixed, yields inch higher
Seeking Alpha News (Mon, 24-Jun 8:00 AM ET)
Nvidia (NVDA) Receives a Rating Update from a Top Analyst
TipRanks (Mon, 24-Jun 7:35 AM ET)
Nasdaq, S&P, Dow futures inch higher, yields little changed
Seeking Alpha News (Mon, 24-Jun 7:00 AM ET)
NVIDIA Cracks Major AI Deal in the Middle East
TipRanks (Mon, 24-Jun 6:47 AM ET)
Nasdaq, S&P, Dow futures trade mixed, yields little changed
Seeking Alpha News (Mon, 24-Jun 6:27 AM ET)
Benzinga (Mon, 24-Jun 3:26 AM ET)
Benzinga (Mon, 24-Jun 3:26 AM ET)
Benzinga (Mon, 24-Jun 2:18 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 June 21, 2024, NVDA stock price declined to $126.57 with 509,661,960 million shares trading.
NVDA has a beta of 2.27, meaning it tends to be more sensitive to market movements. NVDA has a correlation of 0.41 to the broad based SPY ETF.
NVDA has a market cap of $3.11 trillion. This is considered a Mega Cap stock.
Last quarter Nvidia reported $26 billion in Revenue and $.61 earnings per share. This beat revenue expectation by $1 billion and exceeded earnings estimates by $.02.
In the last 3 years, NVDA stock traded as high as $195.95 and as low as $10.81.
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 price return of +194.1% while the SPY ETF gained +26.8%. NVDA has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +38.4% and +4.7%, respectively, while the SPY returned +4.6% and +2.3%, respectively.
NVDA support price is $126.41 and resistance is $135.15 (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.