167.73 -0.14 (-0.08%)
After hours: 7:57PM EDT
|Bid||167.55 x 800|
|Ask||167.83 x 800|
|Day's range||167.02 - 170.58|
|52-week range||124.46 - 292.76|
|Beta (3Y monthly)||2.52|
|PE ratio (TTM)||31.69|
|Earnings date||13 Nov. 2019 - 18 Nov. 2019|
|Forward dividend & yield||0.64 (0.39%)|
|1y target est||182.73|
The Zacks Analyst Blog Highlights: Berkshire Hathaway, Johnson & Johnson, NVIDIA, Booking and Fidelity
NVIDIA stock’s downtrend seems to be ending. NVIDIA’s revenue is growing sequentially, driven by strong demand for laptop GPUs and game console processors.
Investing.com - Micron (NASDAQ:MU) led semiconductor stocks higher on Monday, underpinning a broader rally in tech, as Washington decided to extended a reprieve given to Huawei that allowed the Chinese telecom to continue to do business with U.S. companies.
Gamescom - Marking the ray-tracing revolution sweeping across the video game industry, NVIDIA and its partners kicked off Gamescom 2019 on Monday by premiering blockbuster games that support ray tracing and giving a first look at ray-traced effects in a series of previously announced, highly anticipated AAA titles. The games, which include established mega-franchises, highly anticipated sequels, new franchises and more, were showcased at a special invitation-only event in Cologne. “In the year since NVIDIA made it possible to achieve real-time ray tracing in games, this revolutionary technology has been embraced across the industry,” said Matt Wuebbling, head of GeForce marketing at NVIDIA.
Gamescom—Minecraft, the world’s best-selling video game with over 176 million copies sold, will be dramatically more realistic through support for real-time ray tracing on PC, NVIDIA and Microsoft today announced. A free game update will provide Minecraft players with vivid visualizations of their self-created worlds, with more realistic shadows, lighting and vibrant colors. “Minecraft will expose ray tracing to millions of gamers of all ages and backgrounds that may not play more hardcore video games,” said Matt Wuebbling, head of GeForce marketing at NVIDIA.
On a day stocks bounced back, NVIDIA shares rose after the company reported a strong quarter, as did those of Deere despite challenges in the agricultural industry.
As both Nvidia and AMD compete to create the next best AI and cloud computing GPUs, the tech is only going to proliferate in performance and both companies stand to gain.
NVIDIA (NVDA) stock soared 6% in today’s trading session as its Q2 earnings for fiscal 2020 beat estimates. However, its guidance missed estimates.