|Bid||0.00 x 900|
|Ask||0.00 x 3000|
|Day's range||415.15 - 426.21|
|52-week range||147.39 - 426.21|
|Beta (5Y monthly)||1.34|
|PE ratio (TTM)||78.36|
|Earnings date||13 Aug 2020 - 17 Aug 2020|
|Forward dividend & yield||0.64 (0.15%)|
|Ex-dividend date||04 Jun 2020|
|1y target est||394.20|
NVIDIA (NASDAQ: NVDA) has remained unaffected by the novel coronavirus pandemic, and two of its biggest businesses have even turned out to be beneficiaries of lockdowns and shelter-in-place orders enforced across the globe to contain the spread. The graphics specialist's data center business has come into its own amid the COVID-19 outbreak as data center operators had to upgrade their capabilities to support the increase in remote work.
Strong growth in several massive markets will help drive NVIDIA's (NASDAQ: NVDA) share price to $500. So says Rosenblatt Securities analyst Hans Mosesmann. On Friday, Mosesmann reiterated his buy rating on NVIDIA's stock and boosted his target price from $400 to $500.
Solid demand for graphics chips in data centers, Mellanox deal, presence in the video gaming as well as automotive car industries should boost Nvidia-heavy ETFs.
The shadow of the relentless Andy Grove, who ran Intel for more than a decade at the end of the last century, still looms large at the US chipmaker. The title of one of his books — “Only the paranoid survive” — became a watchword for how to avoid the tech industry’s frequent upheavals. First Apple dropped Intel as the supplier of processors for its Mac computers, switching to an in-house chip based on technology from ARM.
Another record close for the Nasdaq index this Thursday in regular trading was offset by down days on the Dow, S&P 500 and Russell 2000.
Let's see what's driving NVIDIA (NVDA) stock as the company's market cap surpasses that of Intel's and becomes the most valuable U.S. chipmaker.
Cloud computing has been a promising investment theme in recent years. As NVIDIA (NASDAQ: NVDA) CEO Jensen Huang said on a recent conference call, "The basic computing elements are now storage servers, CPU servers, and GPU servers and are composed and orchestrated by hyperscale applications that are serving millions of users simultaneously." Research firm Gartner previously forecast that the total cloud computing market will grow 17% this year to reach $266 billion, and that was before a global pandemic accelerated the trend.
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Alphabet's Google Cloud becomes the first cloud-service provider to offer NVDIA's (NVDA) flagship server GPU -- Ampere A100.
The global semiconductor industry, which plays a key role in the high-growth technology space, has been relatively less battered by the coronavirus pandemic.
The COVID-19 pandemic may have slowed down the rollout of 5G (fifth generation) wireless networks, but the long-term opportunity remains intact. A third-party report says that 5G infrastructure investments could jump to $58 billion by 2026, compared to $10 billion last year, which means that investors could win big from this space if they make the right choices. In this piece, we are going to take a closer look at one such stock -- NVIDIA (NASDAQ: NVDA) -- that could win from the 5G revolution.
NVIDIA (NASDAQ: NVDA) announced on Tuesday that just weeks after its release, the A100 Tensor Core graphics processing unit (GPU) has been adopted by Google Cloud, a division of Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG). The Accelerator-Optimized VM (A2) family, available on Google Compute Engine, is designed specifically to handle some of the most demanding applications out there, including artificial intelligence (AI) workloads and high performance computing (HPC). This makes Google the first cloud service provider to offer the new NVIDIA GPUs.
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Nvidia today announced that its new Ampere-based data center GPUs, the A100 Tensor Core GPUs, are now available in alpha on Google Cloud. Nvidia says the A100 can boost training and inference performance by over 20x compared to its predecessors (though you'll mostly see 6x or 7x improvements in most benchmarks) and tops out at about 19.5 TFLOPs in single-precision performance and 156 TFLOPs for Tensor Float 32 workloads. "Google Cloud customers often look to us to provide the latest hardware and software services to help them drive innovation on AI and scientific computing workloads," said Manish Sainani, Director of Product Management at Google Cloud, in today's announcement.
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NVIDIA and two other tech giants will give your portfolio valuable exposure to the growing AI market.
From an investment perspective, the spurt in new coronavirus cases over the July fourth weekend bodes well for certain stocks.
Artificial intelligence (AI) is likewise an important but oft-misunderstood technology. Last month, I talked up Alphabet, salesforce.com, and NVIDIA (NASDAQ: NVDA). When talking about AI hardware, it's easy to default to NVIDIA.
These stocks might not make you a trillionaire. But they just might make you wealthy over the long run.
NVIDIA (NASDAQ: NVDA) has a record of outstanding growth, and with its share price close to all-time highs, some investors may be thinking it is already too late to get in. The company's core business is divided into four segments: gaming, data center, professional visualization, and automotive. All are high performers in their fields, providing NVIDIA with a strong, diversified business.