176.68 -0.19 (-0.11%)
After hours: 4:48PM EDT
|Bid||176.65 x 1000|
|Ask||176.79 x 800|
|Day's Range||174.60 - 181.75|
|52 Week Range||124.46 - 292.76|
|Beta (3Y Monthly)||2.29|
|PE Ratio (TTM)||26.68|
|Earnings Date||May 15, 2019|
|Forward Dividend & Yield||0.64 (0.37%)|
|1y Target Est||186.38|
Can the momentum continue and allow Nvidia stock to reach $200? On Tuesday, Nvidia is getting a little help from the analysts at Piper Jaffray, who initiated the stock with an overweight rating and $200 price target. Nvidia is a holding in Jim Cramer's Action Alerts PLUS member club.
Wall Street's main indexes rose on Tuesday, as Apple and chipmakers boosted technology shares, while higher oil prices lifted energy companies. Apple rose 0.84 percent, a day after the iPhone maker unveiled its video streaming service, a credit card and an online gaming arcade.
Shares of Nvidia Corporation (NASDAQ: NVDA ) are trading at around 33.3 times Piper Jaffray's 2020 estimated non-GAAP EPS, which undervalues the company given multiple catalysts ahead. The Analyst Piper ...
shares were rising Tuesday after analysts at Piper Jaffray initiated the stock at overweight with a $200 price target. The firm acknowledged there are headwinds in the space, but analyst Harsh Kumar believes the gaming segment is primed for growth in the second half of the year. "Longer term, we believe gaming, along with data-center and automotive, are excellent markets, especially when considering its cutting edge technology and market-leading position.
Major stock indexes held solid gains near midday Tuesday. The Nasdaq today was led by semiconductor stocks, which rebounded after two days of selling.
NVIDIA's (NVDA) bid to fortify its presence in the self-driving market receives a blow as Mobileye accuses the company of copying its autonomous car safety model.
Nvidia investors should ignore its short-term issues and focus on the chip maker’s long-term opportunities, according to Piper Jaffray.
Wall Street's main indexes gained for the first time in three sessions on Tuesday, as Apple and chipmakers boosted technology shares, while energy companies rose on the back of higher crude oil prices. All 11 major S&P sectors were trading higher, led by energy's 1.87 percent gain.
Wall Street's main indexes rose on Tuesday, supported by gains in technology and financial stocks, looking to rebound from declines in the previous two sessions driven by global growth worries. The financial sector rose over 1 percent in early trading and was set to snap a five-day losing streak, as yields stabilized.
Micron: Prices, Volumes, and Inventory Impact Its EarningsMicron’s end markets Micron Technology (MU) earns its revenues by selling DRAM (dynamic random access memory) and NAND (Negative AND) chips for PCs, data center servers, networking, GPU
Stocks surged higher Tuesday, boosted by a quick reversal in views on Federal Reserve rate policy. Dow Jones stock Nike traded in a buy range.
Markets have been roiled over the past few trading sessions following the Federal Reserve's stunning about-face on interest rate increases and data that suggested slowing global growth. "The fact that markets were beaten up so much on Friday, people were looking at the yield curve and the stock market selling off and thought things were getting weaker, but that panic phase may have passed," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida. S&P 500 e-minis were up 12.5 points, or 0.45 percent and Nasdaq 100 e-minis were up 34.25 points, or 0.47 percent.
Nvidia Corp. shares are up 2.6% in premarket trading Tuesday after Piper Jaffray initiated coverage of the stock with an overweight rating. "In our opinion, margins bottomed in the fiscal fourth quarter of 2019, and we see significant margin expansion (and earnings growth) over the next several quarters," Kumar wrote. He's upbeat about a recovery in Nvidia's gaming business and expects this segment to post significant growth in the second half of the year. Kumar also sees big opportunity in Nvidia's data-center business given that the company "plays into the fast growing AI/VR and supercomputing markets." He wrote that Nvidia's recently announced acquisition of Mellanox looks promising as it could give a further boost to data-center efforts. Kumar set a $200 price target on the shares, which have climbed 31% over the past three months, while the S&P 500 has gained 13%.
U.S. chip supplier Nvidia Corp has no plans for further acquisitions for the time being after its nearly $7 billion purchase of Israeli chip designer Mellanox Technologies, its chief executive said on Tuesday. "I like to have money and so I am going to save money for a while," Jensen Huang told a Calcalist business conference in Tel Aviv. Nvidia earlier this month agreed to buy Mellanox for $6.8 billion, beating rival Intel Corp in a deal to help the firm boost its data centre and artificial intelligence (AI) business.
Terms like buy range, extended and shakeout may sound foreign to new investors. But Nvidia helps teach how they translate into real terms in protecting an investor's capital.
What's Ahead for Micron?(Continued from Prior Part)Analysts’ recommendations Out of the 34 analysts covering Micron (MU), 20 analysts rated the stock a “buy,” while 12 analysts rated the stock a “hold.” Two analysts have given the stock a
How much of a cause for concern is the inverted yield curve? Semiconductors led the selling, but investors don't appear ready for hedges.
Micron Technology (MU) posted worse-than-expected earnings and revenue results last week as the chip firm faces a significant decline in DRAM and NAND pricing, along with reduced demand from the likes of Apple (AAPL). Shares of MU briefly climbed in response to the report and Micron stock is up roughly 27% this year. But the chipmaker's outlook appears rough going forward.
Shares of Nvidia Corp. (NVDA), the world's largest manufacturer of graphics processing units, dropped more than 50% between September and December 2018. The company announced its fourth-quarter results on Feb. 14. Warning! GuruFocus has detected 2 Warning Sign with NVDA.
Morgan Stanley: ‘Get Defensive’ on Inverted Yield Curve(Continued from Prior Part)Morgan Stanley bearish on S&P 500 Morgan Stanley chief equity strategist Michael Wilson’s year-end target for the S&P 500 (SPY) is among the most bearish