Nvidia Corporation is a technology company headquartered in Santa Clara, California. The company operates in the technology sector, specializing in graphics processing units (GPUs), artificial intelligence (AI) and high-performance computing. Nvidia is primarily known for its GPUs, which are used in a wide range of applications, including gaming, data centers, autonomous vehicles, professional visualization, edge computing and AI and deep learning.
Founded in April 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem, Nvidia exploded in popularity in 2023 as a major player and contributor to the advancement of AI.
April 28, 2024: Nvidia stock is back on the rise, up around 12% in the past week after a brief sell-off. The reason for the resurgence is partly down to bold statements from huge companies like Meta, Alphabet and Microsoft, which have all pledged to spend more on AI infrastructure.
April 22, 2024: After a stock price correction, Nvidia's share price has rallied slightly as news came out that SoftBank plans to spend almost $1 billion to upgrade data centres and develop Japanese-language generative AI.
April 16, 2024: Nvidia's share price has been moving both ways in anticipation of its upcoming earning report, where it's expected to reveal an earnings per share (EPS) of around $5.48.
April 15, 2024: Nvidia stock continues to move up and down lately, with some reports suggesting some money managers have been selling shares and reinvesting elsewhere, like Amazon and Palantir.
April 7, 2024: Nvidia stock ticked up slightly, recovering from a brief dip. The rise was in part due to demand from Samsung for its AI chips.
Nvidia is slated to release its third-quarter financials on November 21, 2023.
The consensus estimates for the quarter include $3.16 in earnings per share and $15.2 billion in revenue, according to Benzinga.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, NVIDIA Corporation's shares have ranged in value from as little as $277.221 up to $974. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while NVIDIA Corporation's is 1.744. This would suggest that NVIDIA Corporation's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Historical closes compared with the last close of $921.4
| 1 week (2024-04-29) | 6.64% |
|---|---|
| 1 month (2024-04-04) | 4.70% |
| 3 months (2024-02-06) | 31.44% |
| 6 months (2023-11-06) | 100.50% |
| 1 year (2023-05-04) | 221.27% |
| 2 years (2022-05-05) | 393.39% |
| 3 years (2021-05-06) | 55.51% |
| 5 years (2019-05-06) | 432.26% |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the NVIDIA Corporation P/E ratio, PEG ratio and EBITDA
NVIDIA Corporation's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 69x. In other words, NVIDIA Corporation stocks trade at around 69x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
NVIDIA Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.0715. A PEG ratio close to 1 can be interpreted as meaning shares offer reasonable value for the current rate of growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into NVIDIA Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
NVIDIA Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $34.5 billion.
The EBITDA is a measure of a NVIDIA Corporation's overall financial performance and is widely used to measure a its profitability.
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