|Bid||156.75 x 800|
|Ask||157.00 x 900|
|Day's Range||154.94 - 163.71|
|52 Week Range||124.46 - 292.76|
|Beta (3Y Monthly)||2.28|
|PE Ratio (TTM)||29.55|
|Earnings Date||Aug 14, 2019 - Aug 19, 2019|
|Forward Dividend & Yield||0.64 (0.35%)|
|1y Target Est||187.71|
The midday reaction was rather dull considering what a big mover Nvidia stock tends to be, although long-time shareholders are likely content with Friday's price action. Many are wondering what's next for Nvidia. Bears are arguing that Nvidia stock's failure to rally indicates poor price action.
Nvidia Corp. can’t predict what will happen the rest of the year, and analysts on a whole disagree on what that means for the stock.
The Dow Jones Industrial Average ended down Friday following a report U.S. trade talks with China are at an impasse. dipped slightly after analysts at Nomura lowered their already below-market-price target on concerns stemming from trade tensions between the world's two largest economies. fell after the chipmaker topped analysts' first-quarter earnings forecasts, but backed away from full-year revenue guidance.
For months, chip companies have been telling investors that a rebound is right around the corner, with little evidence to back up those claims. Nvidia Corp. admitted as much Thursday afternoon, throwing a wet blanket on an after-hours bounceback for its beleaguered stock and shares in other chip companies.
Huang told CNBC's Jim Cramer on Friday that the merger will fulfill an important function for data center security networking and storage processing. Huang isn't worried that the tariffs lodged between the world's largest economies will negatively impact the semiconductor manufacturer. "The vast majority of our technology and products are created in Taiwan, so we're not affected largely by the tariffs," he said.
The chipmaker posted a healthy quarter but now is declining to offer longer-term guidance to investors.
Data Center Uncertainty Blurs NVIDIA’s 2020 Earnings Guidance(Continued from Prior Part)NVIDIA doesn’t provide full-year fiscal 2020 guidance NVIDIA’s (NVDA) fiscal 2020 first-quarter revenue and earnings fell significantly on a YoY basis due
Nvidia reported earnings on Thursday, May 16th. ActionAlertsPlus Research Analyst Zev Fima breaks down what investors need to know about the chip stock going into the second half of 2019.
Data Center Uncertainty Blurs NVIDIA’s 2020 Earnings GuidanceNVIDIA’s earnings beat estimatesNVIDIA’s (NVDA) stock rose as much as 7.4% in the May 16 after-hours trading session after it reported its fiscal 2020 first-quarter earnings ended
Looking ahead, management wasn't comfortable with providing any full-year guidance targets -- there are too many moving parts to the current market conditions.
Rent-A-Center, Proto Labs, NVIDIA, Pinterest and Applied Materials highlighted as Zacks Bull and Bear of the Day
As the CFO delivered Q2 guidance, basically in line with Wall Street expectations, the company announced it would no longer be giving guidance beyond the current quarter. Nvidia went on to add that the second half of the year should be stronger, which is built into current Wall Street expectations and the company sees it playing out in line with their expectations. The call did go from upbeat to more reserved when the company spoke about discontinuing year-long guidance.
NVIDIA's (NVDA) first-quarter fiscal 2020 results endure softness in the gaming and data center businesses. However, expectation of a rebound in gaming market is an upside.
Nvidia (NASDAQ:NVDA) rose, then fell in after-market trading because its results beat low expectations while its outlook remained muted.Source: Shutterstock Non-GAAP net income came to $543 million, 88 cents per share fully diluted, on revenue of $2.22 billion. This just hit the earnings whisper and beat official estimates by 7 cents. Earnings were up 10% from the previous quarter with revenue up marginally.The consensus among analysts was that a bottom has been reached but that a build from here to last year's $3.2 billion in revenue is going to be slow. There are also fears about China, whose market fell overnight, which cost the stock its post-earnings gains.InvestorPlace - Stock Market News, Stock Advice & Trading Tips What's Next?What analysts should be focusing on are the new markets for Nvidia's graphics engine and its use in artificial intelligence, both in clouds and at the network edge. That's what CEO Jensen Huang wanted to talk about on the company's conference call. Huang was rhapsodic about the outlook for PC gaming, calling the console era over, and said software companies are increasingly turning to Nvidia's RTX ray tracing technology as a standard for graphics. He made no mention of Bitcoin mining, which once helped drive results but now looks to have been a fad. Instead, he said there are 300 million gamers in China. * 10 Baby Boomer Stocks to Buy Huang said breakthroughs in conversational technology at Microsoft (NASDAQ:MSFT) will soon make cloud-based speech systems much more useful. "All of the major pieces of a conversational AI are now put together," he said, which will drive sales not just in clouds, but in new edge servers, designed to make all a cloud's data useful to people without a keyboard.CFO Colette Kress said the company is preparing for a time when data centers will be architected as single compute engines, with networking pre-installed, which is why Nvidia is buying Mellanox (NASDAQ:MLNX) for $6.9 billion in cash. These designs can become "edge servers" that bring workers a voice interface to the cloud-sized data stores generated by replacing controllers with sensors and chips in machines. How Fast?The speed with which this evolution takes place is the question analysts emphasized in declining to pound the table for Nvidia stock at its current price, which is about 8.3 times last year's revenue and 30 times the company's 2019 earnings.Shares peaked at over $280 each last summer, then plunged to $130 in December before bouncing back to $190 in April and falling, since, to the May 17 price of about $160. From a technical perspective, there may well be follow-through to the downside, perhaps even a re-testing of last year's lows.Analysts have soured slightly on the stock, with two coming off their buy recommendations and one coming off hold in the last month. But the average rating remains overweight. A Long-Term BuyFor investors with a five-year time horizon, however, and a clear understanding of technology's future, the current price makes an attractive entry point.Replacing dials with chips, connected to sensors measuring what's in a machine's working environment, creates a tsunami of data which, when analyzed by software, allows for operator-free control of factories, stores, homes and cities. Only exceptional conditions need to be trifled with, through voice interfaces connected wirelessly to edge servers and the cloud.This was the original vision of the Internet of Things, what I called the "World of Always On" in 2004 when I spoke of it at Stanford. As usual, I was very early to the party. But the party is now ready to get started, in the view of Nvidia's management.Take their word for it.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in MSFT. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post Is Nvidia Stock Finally Ready for a Turnaround? appeared first on InvestorPlace.
Nvidia CEO Jensen Huang tells Jim Cramer why the chipmaker won't be impacted by tariffs on Chinese imports.
Yahoo Finance talks to the Chief Investment Officer of Cresset Wealth Advisors Jack Ablin to break down the latest on U.S., China trade, including that they some will 'remain in place indefinitely.'