27-Mar-2024
Nvidia Captures 92% of Data Center GPU Market, Underlining US Leadership in Generative AI
Benzinga (Thu, 28-Mar 8:35 AM ET)
Benzinga (Thu, 28-Mar 12:47 AM ET)
Goldman Sachs Bullish On Nvidia's New AI Chips, Predicts Major Growth For These 3 Stocks
Benzinga (Wed, 27-Mar 9:58 PM ET)
'You're About To Get A Sale' On Nvidia: Jim Cramer Shares Insight On Buying During Pullbacks
Benzinga (Wed, 27-Mar 9:21 PM ET)
Semtech soars ahead of earnings on strong AI positioning
Seeking Alpha News (Wed, 27-Mar 1:45 PM ET)
Taiwan Semi's Cutting-Edge 3nm Chips in High Demand, Apple, Intel, and AMD Boost Orders
Benzinga (Wed, 27-Mar 10:20 AM ET)
Marvell perks up as Citi opens 30-day catalyst watch ahead of AI event
Seeking Alpha News (Wed, 27-Mar 8:25 AM ET)
Bank Of America Bullish On AI: Spotlights Top Supply Chain Stocks To Watch
Benzinga (Tue, 26-Mar 10:56 PM ET)
Cathie Wood's Ark Invest Continues To Double Down On Moderna, Sells Nvidia Shares
Benzinga (Tue, 26-Mar 10:30 PM ET)
Benzinga (Tue, 26-Mar 5:01 PM 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 March 27, 2024, NVDA stock price declined to $902.50 with 55,951,373 million shares trading.
NVDA has a beta of 1.84, meaning it tends to be more sensitive to market movements. NVDA has a correlation of 0.28 to the broad based SPY ETF.
NVDA has a market cap of $2.26 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): VTI, VOO, SPY, IVV, VUG.
NVDA has outperformed the market in the last year with a return of +240.2%, while the SPY ETF gained +33.6%. In the last 3 month period, NVDA beat the market returning +82.6%, while SPY returned +10.1%. However, in the most recent 2 weeks NVDA has underperformed the stock market by returning -0.7%, while SPY returned +1.7%.
NVDA support price is $896.53 and resistance is $954.69 (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.