|Bid||114.50 x 900|
|Ask||114.54 x 1400|
|Day's Range||114.10 - 115.21|
|52 Week Range||78.86 - 121.13|
|Beta (3Y Monthly)||0.48|
|PE Ratio (TTM)||36.86|
|Earnings Date||Jan 28, 2020 - Feb 3, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||123.75|
After suffering a devastating drop in market value late last year, Nvidia (NASDAQ:NVDA) has been on the recovery track. On a year-to-date basis, Nvidia stock has gained an impressive 57%. However, shares have some ways to go before reaching 2018's highs. Not only that, NVDA has started to stumble recently, printing some red ink in the technical charts.Source: Hairem / Shutterstock.com So, what's going on? Primarily, NVDA stock is a mix of positive and negative news. On the optimistic end of the spectrum, Nvidia turned in a solid earnings report for its third quarter.The semiconductor and tech firm delivered earnings per share of $1.78 and revenue of $3.01 billion. These results handily beat out analysts' expectations for EPS of $1.57 and top-line sales of $2.91 billion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsJust as importantly, management expects Q4 revenues to hit between $2.89 billion to $3.01 billion, representing a substantial lift from Q4 2018 results. Moreover, if sales come in as forecast, it would stop the company's consecutive series of quarterly sales declines. On paper, that's a net positive for Nvidia stock.However, as our own Tom Taulli points out, NVDA stock has many challenges ahead despite recent fundamental improvements. First, Taulli mentions the competitive risks clouding shares. For instance, Advanced Micro Devices (NASDAQ:AMD) has turned up the heat with its premium processors. Plus, big dogs like Intel (NASDAQ:INTC) are encroaching in the artificial intelligence training space, where computers learn various protocols (such as AI-powered cars avoiding obstalces). * 7 Hot Stocks for 2020's Big Trends Second, the overhang of the U.S.-China trade war is incredibly distracting for Nvidia stock. Taulli notes that one consequence is Nvidia's pending acquisition for Mellanox Technologies (NASDAQ:MLNX), which Chinese authorities could block.Still, patient investors have an ace up their sleeve: "real" AI. Appreciating the Granularity of Nvidia StockAlthough NVDA stock admittedly faces competitive threats in AI, it's also well-positioned to dominate the space. That's because the company has substantial expertise in its chipset technologies which power AI platforms. And as these platforms become more sophisticated, Nvidia's chipset leadership should distinguish it from the competition.To understand why, we have to understand the granularity of AI, which is divided into two basic categories: training and inference. Briefly speaking, the former category describes programmers "teaching" computers to respond to pre-defined data sets. But the latter describes true AI. It involves computers taking training material and applying it to variable conditions and "stimuli."For instance, you can train an automotive AI system to recognize road markings, traffic signals, and pedestrians. But with inference, an AI-driven vehicle can turn to avoid a suicidal person lunging for the car. Essentially, inference platforms "know" what to do.Although we're some time away from human-like droids, inference-based AI platforms have practical applications in the here and now. Obviously, though, these data-intensive initiatives require capable processors. That's the long-term upside potential for NVDA.Furthermore, according to a McKinsey & Company study, the AI market offers big pathways for growth. In their words, it's the best opportunity for the semiconductor industry "in decades." And the opportunity will be decisively geared more toward inference-processing hardware over AI training hardware. Theoretically, this benefits NVDA stock while providing at least a temporary moat against many competitors.As data processing for these advanced initiatives become more resource-intensive, we may see more consolidation in the industry. If this occurs, it's a natural tailwind for Nvidia stock. After all, the underlying company is on track to spend over $2.7 billion in research and development, far more than smaller competitors like AMD. Opportunities Abound for the Big DogsAnother note about the competition: I wouldn't excessively worry about Intel's encroachment into AI. This space is more than big enough to accommodate several big dogs of tech.With AI, most folks probably think in terms of accretive or disruptive applications, such as smart grids or self-driving taxis. However, AI is also incredibly pertinent to defense and security.We learned this the hard way from vicious terrorist attacks that occurred in Europe over the past holiday weekend. One of the themes that have popped up in the aftermath is resource distribution. Simply put, law enforcement agencies are stretched far too thin, allowing would-be terrorists to slip through the cracks.One of the most profound implications of AI is preventative counterterrorism. With Nvidia's innovations in facial recognition, combined with future developments in behavioral predictability platforms, societies can eventually recognize a threat before it activates.Of course, what I'm discussing is years down the line. Still, Nvidia is hard at work developing tomorrow's technologies today. If you're willing to ride out some chop, NVDA stock has serious long-term potential.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Tech Stocks You Wish You'd Bought During 2019 * 5 Under-the-Radar Marijuana Stocks With Over 100% Upside * Watch These 5 STARS Stocks as They Change the Future The post Real AI Expertise Is the Difference Maker for Nvidia Stock appeared first on InvestorPlace.
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts, usually don't make them change their opinion towards a company. This time it may be different. During the fourth quarter of 2018 we observed increased volatility and a 20% drop in […]
Mellanox Teams with Dell Technologies to Enable Supercomputing Platforms with Highest Levels of Performance and Efficiency for Commercial, Research, and Scientific Applications
Nvidia's recent earnings reports have shown some near-term struggles in the data center and cryptocurrency businesses, Cramer said. Given an opportunity to respond, Nvidia CEO Jensen Huang said the company experienced a "perfect storm" in 2018 that prompted a slowdown in the business. Any setbacks were temporary, as evidenced by Nvidia's recent "great" earnings report that showed growth in the graphics and gaming segments, the CEO said.
HDR InfiniBand Delivers Meteo France with Leading Performance and Scalability, Accelerating Supercomputing Compute and Storage Infrastructures to Deliver More Than Five Times Highe
HDR InfiniBand Provides IT4Innovations with a World-Leading High Performance and Scalable Data Center Infrastructure for Accelerating Academic and Scientific Activities
The Global Oil and Gas Company Will Leverage HDR InfiniBand Performance Advantages to Connect Most Efficiently a 52-Petaflop Compute Platform and a 15-Petabyte Storage System
The New System Will Enable a More Accurate Smart Meteorological Service, and Provide Weather Forecasting Information for the China 2022 Winter Olympics
The HDR InfiniBand Connected Virtual Machines Deliver Leadership-Class Performance, Scalability, and Cost Efficiency for a Variety of Real-World HPC Applications
Mellanox InfiniBand and Ethernet Solutions Connect 297 Systems or 59% of Overall TOP500 Platforms, Demonstrating 12% Growth Year over Year ;
The Combination Fujitsu Supercomputing Technology and Mellanox’s InfiniBand In-Network Computing Technology Builds the Path for Exascale Computing
Late Thursday, Nvidia reported adjusted earnings per share of $1.78 for its fiscal third quarter versus the Wall Street consensus of $1.58, according to FactSet. Nvidia posted revenue of $3.01 billion for the same quarter, down 5% year-over-year but better than the $2.92 billion average analyst estimate
Based on the 200 HDR InfiniBand Mellanox Quantum™ Switch, the LongReach Family of Products Seamlessly Connects InfiniBand Data Centers 10 and 40 Kilometers Apart, Enabling Native R
Enabling Scalable and Efficient Connectivity from the High Performance, Extremely Low Latency InfiniBand Data Centers to External Ethernet Networks
Cirrus Logic (CRUS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Mellanox (MLNX) is benefiting from robust demand for ethernet adapters, switches and LinkX cables. Also, robust demand for it's InfiniBand solutions is a key catalyst.
Mellanox (MLNX) delivered earnings and revenue surprises of 6.96% and 6.55%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Mellanox (MLNX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […]
ConnectX SmartNICs and BlueField I/O Processing Units are First 200Gb/s Adapters to Support NVMe-oF over TCP and RoCE as well as IPsec and TLS Security Acceleration
Nvidia (NASDAQ:NVDA) stock was trending upward on Friday upon expectations of a partial trade deal. However, as the details of the deal became clear, NVDA gave back most of its gains. The question for investors is, what now?Source: michelmond / Shutterstock.com The stock is up 43% for the year, but that doesn't tell the story. NVDA stock started the year down nearly 50% from its high in 2018. Since then, NVDA has bounced up over 50%, then down 30%, then up and down.The trend looks positive, but not perfect. There have been higher lows, but the highs have not always been higher. In fact, Nvidia stock looks like it's settling into a range.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Can No News Be Good News for Nvidia Stock?One reason for the price movement is the amount of news surrounding the stock. In March, the company picked up Amazon (NASDAQ:AMZN) as a customer for its data centers. The stock jumped about 30%. * 7 Tech Stocks You Should Avoid Now However, the ongoing trade war continues to weigh on the stock. It's hard to ignore a market that provides 44% of sales for Nvidia. And increased competition from Advanced Micro Devices (NASDAQ:AMD) in the gaming space is putting pressure on the company's margins.But that's the way it is with semiconductor stocks. Every story (good or bad) will generate strongly positive and negative opinions. So, what will it take for Nvidia stock to break out? All Eyes Are on the Earnings ReportA potential catalyst for the stock will be a positive earnings report. NVDA is scheduled to report on November 14. Nvidia has posted a slight beat on earnings in each of the last three quarters. If the company can follow suit this quarter, it could support the $217 price target that at least one analyst has forecast.In fact, two analysts have raised their price targets for NVDA. This price target announcement caused the stock to jump over 1% last week even before the announced trade truce. Betting Big on Data CentersIf nothing else, the trade truce may remove any obstacles China would put in place to prevent NVDA's acquisition of Mellanox Technologies (NASDAQ:MLNX). This deal, valued at $6.9 billion dollars, will allow NVDA to become a much larger player in the growing data center market. As InvestorPlace contributor Brad Moon wrote last week, "In 2018 alone, companies like Microsoft (NASDAQ:MSFT) and Amazon spent $152 billion on hardware and software for data centers."The analysis firm RBC projects that Nvidia's data-center revenue could rise by 100% in the near term, with sustained growth in the high-double-digit percentage range. Nvidia Is Well-Positioned in the AI SpaceFrom agriculture to self-driving cars, Nvidia has its hands in many applications for artificial intelligence. However, as the cryptocurrency crash showed, this is, and will continue to be, a volatile space.I wrote back in September that relying on AI may not be enough for Nvidia. The market bid up the stock in 2017 only to see those gains wiped out when the crypto bubble burst. It's likely the market will be far more cautious this time around. What to Make of NVDA Stock Right Now?For all the ups and downs of this year, I believe the stock is probably priced right. The semiconductor sector is historically cyclical and volatile. And with the company looking at a loss of sales to China for the foreseeable future, there will be pressure on earnings. The company is still dominant in the gaming space, but the big growth for that sector will be coming with the release of new consoles next year.Any or all of these stories could turn out to provide a catalyst for NVDA stock. And some key technical indicators provide optimism. NVDA shares are above the 10-week moving average. And the 10-week moving average has moved above the 40-week line. Also, the company's relative strength line is starting to increase after lagging for the better part of a year.However, a wide range of analysts' opinions about NVDA suggests to me the stock is in for some short-term volatility. Nvidia stock probably got overvalued in 2018, and then got undervalued this year. Right now, it's working toward a fair valuation.I am in no way suggesting that investors should not take a long position in NVDA. However, I think the short-term presents some obstacles that can't be dismissed.As of this writing, Chris Markoch did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Beverage Stocks to Buy Now * 10 Groundbreaking Technologies Created by Universities * 5 Semiconductor Stocks Worth Your Time The post Why the Price Looks Right for Nvidia Stock appeared first on InvestorPlace.
American chipmaker Nvidia (NASDAQ:NVDA) has seen its value surge over the past several months. After a 1.96% percent gain on Wednesday, Nvidia stock is now up about 35% since the start of June and 37% in 2019.NVDA got a big boost on Monday, when several prominent Wall Street analysts substantially raised their 12-month price targets on Nvidia stock. With bullish analysts suggesting that NVDA can climb 20%, is it time to invest in NVDA stock?Source: NPS_87 / Shutterstock.com If everything goes perfectly for Nvidia, the case could certainly be made that it's a buy. However, there are a number of factors that could cool Nvidia's growth, with China looming large on that list.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Case for Buying Nvidia StockNVDA is definitely an attractive stock at the moment. Even though, as mentioned, it's up 37% in 2019, it's still 33% below the level it hit in September 2018. * 7 A-Rated Stocks Under $10 RBC Capital raised its price target on Nvidia stock to $217 on Monday, triggering a rally by Nvidia stock. RBC is not the only firm that's upbeat on NVDA stock. The Wall Street Journal is tracking 37 analysts, and of those, 24 rate NVDA as a "buy." Among the reasons for RBC's upgrade is Nvidia's pending purchase of Mellanox Technologies (NASDAQ:MLNX). The $6.9 billion dollar deal will give NVDA's data-center business a big boost. With the Mellanox deal, Nvidia is positioning itself to be a much bigger player in the explosive world data center market. In 2018 alone, companies like Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN) spent $152 billion on hardware and software for data centers. RBC thinks that spending could raise Nvidia's data-center revenue by 100% in the near-term, with sustained growth in the high-double-digit-percentage range.The growth of Nvidia's video-game business and its automotive division are also seen as likely to boost NVDA stock. The revenue of the automotive division -- which supplies chips for autonomous driving systems -- reached a record $209 million last quarter. Factors That Could Derail the Recovery of NVDAWhile there are clearly plenty of reasons to be optimistic about Nvidia stock, there are also factors that could stunt NVDA's growth.While the increase of automotive revenue is good news, graphics cards for gaming still generate half of NVDA's sales. Last quarter, the unit's revenue sank 27% year-over-year to $1.3 billion. That's the result of a lasting "crypto hangover" from the crash of the cryptocurrency market. But the gaming division faces a tough adversary in rival Advanced Micro Devices (NASDAQ:AMD). AMD is aggressively attacking Nvidia in the gaming market and gaining market share in the space.AMD just announced yet another new graphics card that it claims outperforms Nvidia's equivalent card by a wide margin. And when next year's new generation of gaming consoles is released, AMD will be powering the Playstation 5 and the Xbox Scarlett. China remains a huge variable. It's estimated that 44% of Nvidia's revenue comes from the Chinese market. That makes Nvidia stock vulnerable to any escalation in the ongoing trade war between the U.S. and China.And speaking of China, that could be a problem when it comes to Mellanox as well. As InvestorPlace's Vince Martin pointed out, Mellanox is far from a done deal at this point, and China could block the acquisition.At the end of the day, the analysts feel that Nvidia stock is a solid buy. And if all goes according to plan, NVDA could outperform their average price target of $188.70 and hit RBC Capital's $217 target. But I wouldn't count on everything going right for Nvidia stock, especially with the huge China variable and rival AMD coming at NVDA with guns blazing.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post Is Now the Time to Buy Nvidia Stock? appeared first on InvestorPlace.
Mellanox® Technologies, Ltd. , a leading supplier of high-performance, end-to-end interconnect solutions for data center servers and storage systems, today announced that it will release its financial results via press release for the third quarter 2019 after the market closes on Wednesday, October 30, 2019.