118.01 0.00 (0.00%)
After hours: 5:34PM EDT
|Bid||117.62 x 800|
|Ask||118.18 x 2200|
|Day's Range||117.85 - 118.15|
|52 Week Range||65.68 - 119.10|
|Beta (3Y Monthly)||-0.06|
|PE Ratio (TTM)||47.97|
|Earnings Date||Apr 17, 2019 - Apr 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||124.13|
NVIDIA Corporation (NASDAQ: NVDA ) is holding its GPU tech conference through Thursday, and CEO Jensen Huang delivered the keynote Monday. The chipmaker reported a fourth-quarter revenue drop Feb. 14 ...
Nvidia’s latest presentation at its annual developer conference bodes well for the chip maker’s future, analysts say.
In an unplanned third hour of his conference keynote, Nvidia CEO Jensen Huang expressed a list of what he and the organization will need in order to succeed in enterprise markets.
Broadcom's Q1 2019 Earnings Revive Investors' Confidence(Continued from Prior Part)Infrastructure SoftwarePreviously, we learned that Broadcom’s (AVGO) Semiconductor Solutions segment was hit by demand weakness in the smartphone and data center
Mellanox Technologies Ltd NASDAQ/NGS:MLNXView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for MLNX with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting MLNX. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding MLNX are favorable, with net inflows of $224 million. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Nvidia (NASDAQ:NVDA) appears poised to recover. After a 57.5% drop from its 52-week high, the stock has moved steadily higher since December. Moreover, winning the bid to buy Mellanox (NASDAQ:MLNX) has bolstered the sentiment that Nvidia stock is the essential equity in the chip space.Source: Shutterstock However, as NVDA has recovered, the legacy of the crypto decline continues to weigh on company profits. Although Nvidia should continue to move higher, the company will have to stabilize its profit picture if it wants to remain an industry leader. Mellanox and Nvidia StockI've often referred to Nvidia as the Intel (NASDAQ:INTC) of this generation. With the rise of artificial intelligence (AI), virtual reality (VR), and data centers, it is Nvidia and not Intel that has become today's essential chipmaker.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Small-Cap Stocks That Make the Grade That will only become more true with the company's latest acquisition. The purchase of Israel-based Mellanox will enhance the company's data center and cloud capabilities. Their technology could also improve Nvidia's gaming and self-driving car capabilities.Despite the benefits of buying MLNX, Nvidia's recovery already had begun months before. NVDA has already risen by over 10% since the beginning of March and by more than 37% from its near-term low point on Dec. 24.The lower forward price-to-earnings (PE) ratio that I had pointed out late last year has also begun to rise. Today, that forward PE now stands at 23.6. Given this surge in Nvidia stock, one has to wonder if any upside remains?I believe it will, but with one condition.At first glance, Nvidia stock looks like a buy. The decline in crypto has hit NVDA and peers such as AMD (NASDAQ:AMD) hard. As a result, analysts predict an 18.8% decline in profits as the industry works off its chip glut. They also believe that that will turn into a 33% increase in profits next year. Watch for Earnings RevisionsMy one area of hesitation involves the evolving views of analysts on the severity of the chip glut. This miscalculation keeps showing up in the falling earnings estimates. Profit estimates for this fiscal year now stand at $5.39 per share. This is down from $5.75 per share just one month ago and $7.14 per share the month before that.Investors need to keep in mind that the stock has been rising as earnings keep falling. Hence, the PE ratio keeps surging due to two factors: a rising stock price and falling profits.Longer-term profit estimates also create some concern. As of now, Wall Street projects average annual earnings increase for the next five years at only 8.37%. I do not expect NVDA stock to match the 59.81% average increases of the previous five years.However, I also think investors should look at that five-year projection as a "way too early" number. Also, Nvidia stock beat earnings estimates in three of the four previous quarters. That should bode well for the equity.Moreover, I will stay with my view that Nvidia is this generation's Intel. As such, I think it can return profit growth rates to the double-digits and maintain PE ratios above 30. The Bottom Line on Nvidia StockThe immediate future of NVDA hinges on stabilizing profits. Nvidia has seen a significant recovery since the tech slump ended in late December. However, as NVDA stock keeps rising, profit estimates continue to fall.Despite the unexpectedly severe effects of the crypto decline, the recovery will spike profits in the next fiscal year. However, investors should take notice of the falling profit estimates, and the fact that sentiments lean toward single-digit profit growth over the next few years.Most experts see Nvidia as the current industry leader and expect growth to reflect that. Still, long-term profit growth numbers will also have to reflect that leadership. The future prosperity of Nvidia stock depends on it.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post Nvidia Stock Is a Keeper, It's Just Not a Buy Right Now appeared first on InvestorPlace.
Israel's exports of computer chips to China soared last year as Chinese companies bought more semiconductors made at Intel's Kiryat Gat plant. An official at the Israel Export Institute told Reuters that new data showed semiconductor exports to China jumped 80 percent last year to $2.6 billion (1.96 billion pounds). An industry source told Reuters that Intel Israel accounted for at least 80 percent of those sales.
Mellanox In-Network Computing “Hierarchical Aggregation and Reduction Protocol” ™ Technology in Combination with NVIDIA Collective Communications Library Delivers Per
Off and on the price chart, it's time for contrarian investors to consider the improving big picture for Nvidia (NASDAQ:NVDA). But if you're going to buy NVDA stock today, pricing in your own bottom-line for exposure is much better than "doubling down." Let me explain.Source: Shutterstock It has been a solid week for NVDA stock. In Friday's early trading, shares were up near $170.50. That puts the computing chips gorilla up 13% for the five-day period. The bid, as I'll detail below, has also had the impact of favorably reaffirming a technical bottom in shares of Nvidia. So what gives?Behind NVDA stock's outperformance on Monday was an announcement that the company is buying Mellanox (NASDAQ:MLNX) for $6.7 billion. Mellanox specializes in high-speed networking chips. Nvidia beat out chip giant Intel (NASDAQ:INTC) with its own ambitions to purchase the Israeli-based outfit.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNvidia's acquisition is aimed to help the company fill the revenue gap left by the cryptocurrency bust and move its business and products further and deeper into data center and artificial intelligence. Mellanox is critical in successfully executing this plan as its chips help in integrating servers into one giant computer.Data center sales accounted for roughly 25% of Nvidia's revenues in 2018, but that segment witnessed growth of 52%. As such, moving more aggressively into this market is fully-supported by NVDA stock's CEO who stated the company is going to "double down" on data centers. Now let's just hope a "doubling" of sorts on the price chart isn't required. NVDA Stock Monthly Chart Following NVDA stock's swift corrective collapse from a failed rising wedge pattern back in the fall, the case for a meaningful low can be seen in the monthly chart. This view is supported by a test of 62% support based on 2016's "pre-breakout" hammer low and a loose hold of the 50% retracement level dating back to the financial crisis. * 15 Stocks That May Be Hurt by This Year's Big IPOs More recently, the deep correction has received confirmation that a bottom is actually in place over the past month. This is backed by February's price action, which took out the high of the prior month's bottoming candlestick as shares penetrated $160.71. That's big news on the price chart of NVDA stock. Also of benefit, Nvidia's oversold monthly stochastics has just signaled a crossover which should support a long entry today in NVDA stock.For managing exposure with this type of entry, I'd recommend a stop beneath $154 in shares of Nvidia. This amounts to manageable risk for a volatile stock like NVDA of about 10%, based on going long for $170.50.Technically, $154 is also narrowly beneath February's closing price of $154.24 and the March opening print of $156.27. Those levels look key to the bull case. As well, $154 is in the lower one-third of Monday's bullish MLNX stock reaction. Ultimately, that would be troublesome price action we'd rather not see being revisited.Bottom line, the provided risk allowance looks appropriate for a long position in NVDA stock. And as much as we hate to say it or see it, this guards bulls against today's monthly bottom failing and potentially turning into a trickier double-bottom technical effort on the price chart.Investment accounts under Christopher Tyler's management do not currently own positions in any of the securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy Today * 7 ETFs to Buy to Ride the Longevity Economy * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Compare Brokers The post Buy Nvidia Stock Today -- With Caution appeared first on InvestorPlace.
The bulk of Nvidia Corp.'s (NVDA) revenue has come from sales of its graphics cards for the video and personal computer gaming industry. Warning! GuruFocus has detected 2 Warning Sign with NVDA. The current dilemma for Nvidia is that its short to intermediate term fortunes are inextricably linked to robust demand for its graphic chips for gamers, who are fastidious about price-performance ratio.
In order to withstand competition from key players, Marvell (MRVL) introduces a family of Ethernet switches that boasts up to 12.8 Tbps of capacity.
The chipmaker and AI pioneer has bought a network equipment maker that will take data centers to the next level of high-speed intelligence.
If Intel Corp. really lost Mellanox Technologies to Nvidia, there might be a decent consolation prize in the offing. Several news outlets said Intel also was competing for the Israeli chip company’s hand. The news gave Nvidia’s shares a 7% lift.
The hedge fund sold all of its 3.1 million Mellanox shares for about $372 million, netting an average of $118.47 each. That’s less than the Nvidia acquisition price, but Starboard still profited handsomely.
GPU inventor NVIDIA Corporation (NASDAQ: NVDA ) reached an agreement to acquire Israel-based Mellanox Technologies, Ltd. (NASDAQ: MLNX ), a supplier of smart interconnect solutions and services for servers ...
Nvidia's purchase of Mellanox Technologies for $6.9 billion is a defensive move, a maneuver meant to keep the asset out of the hands of rival Intel, Wall Street analysts said Tuesday.
NVDA, AMD, MRVL, CY: Semiconductor Stocks on the RiseNVIDIA stock surged on Monday The stock of chipmaker NVIDIA (NVDA) closed 6.97% higher at $161.14 after the company announced its biggest-ever acquisition deal to buy data connectivity company
The consolidation wave in the semiconductor space continues. The latest deal was announced today, with Nvidia (NASDAQ:NVDA) agreeing to shell out nearly $7 billion for Mellanox Technologies (NASDAQ:MLNX). But of course, there were various bidders for the deal, like Xilinx (NASDAQ:XLNX) and Microsoft (NASDAQ:MSFT). Yet perhaps the most interesting was Intel (NASDAQ:INTC). So far the impact on Intel stock has been negligible, but I still believe the merger is concerning for INTC.Source: Shutterstock The merger does make a lot of sense for both MLNX and NVDA, as both companies have been long-time partners. They also are leaders in the category for high-performance computing. NVIDA, for example, develops GPUs (Graphics Processing Units) whereas Mellanox focuses on technologies for internet connections. (Both companies developed the world's two fastest super computers for the U.S. Department of Energy.) With the transaction, the combined company will power more than 250 of the world's 500 largest supercomputers. The Implications for Intel StockSo then, what are the implications of the NVDIA/Mellanox combination? Well, so far, the impact on the INTC stock price is negligible. INTC is up about 2.5% since the announcement. And yes, as has been the case with many other tech operators, INTC stock has been rallying lately, up about 18% since late December. * 7 Dark Horse Stocks That Deserve Your Attention in 2019 Yet I think the merger should still be concerning (hey, after all, it was Intel's former CEO Andy Grove who once said "Only the paranoid survive").Generally, the company's deal making has been relatively quiet. It most recently acquired Mobileye in March 2017 for the price of $15.3 billion. But if anything, I think Intel should have been more aggressive in going after MLNX.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe reason? For the most part, it's about AI (artificial intelligence). The market is ripe for secular growth and should be a driver for Intel stock.According to a report from International Data Corporation (IDC), the spending for AI and cognitive technologies is expected to go from $24 billion in 2018 to a whopping $77.6 billion in 2022. This is a 37.3% annual growth rate.A key for this will be creating next-generation chips and networking systems. As NVIDIA's press release notes:"Datacenters in the future will be architected as giant compute engines with tens of thousands of compute nodes, designed holistically with their interconnects for optimal performance."A critical piece of this will be the kind of technology that MLNX offers. Keep in mind that its InfiniBand interconnect technology is becoming a must-have for hyperscale datacenters. It may also prove essential for autonomous vehicles and the development of next-generation quantum computers.Now it's true that INTC has not been sitting by and doing nothing. The company has been ramping its efforts with high-performance computing -- such as with its Cascade Lake semiconductors -- and has a strong InfiniBand business.INTC has also been investing much more in AI. For example, there is the Intel Nervana Neural Network Processor for Inference (NNP-I), a system that's built specifically to handle deep learning models. As a testament to the technology, INTC has partnered with Facebook (NASDAQ:FB), which should allow for testing with huge amounts of data.What's more, INTC has plans to integrate AI capabilities in its 10nm PC processor. This chip is expected to launch in the fourth quarter. The Bottom Line on Intel StockAll in all, I still think the bull case remains intact for Intel stock. The product roadmap looks solid and the company has a massive global infrastructure. So INTC should see growth in the years to come.Intel stock price is also at a reasonable valuation, with the forward price-to-earnings multiple at a mere 11x. The dividend is at a decent 2.4% as well. * The 10 Best Stocks to Buy for the Bull Market's Anniversary Granted, even though I think Intel stock lost an opportunity with MLNX, it is not a decision that will derail the company. But going forward, it may be a good idea for management to be willing to pay higher premiums, especially as the chip market continues to get more competitive.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy Under 15x Earnings * 7 Dark Horse Stocks That Deserve Your Attention in 2019 * 5 Disruptive Technologies That Are Moving Too Fast Compare Brokers The post Nvidia Acquires Mellanox: What Does the Deal Mean for Intel Stock? appeared first on InvestorPlace.