152.31 +0.56 (0.37%)
After hours: 7:55PM EDT
|Bid||152.20 x 900|
|Ask||152.25 x 1100|
|Day's Range||150.76 - 154.77|
|52 Week Range||124.46 - 292.76|
|Beta (3Y Monthly)||2.28|
|PE Ratio (TTM)||28.64|
|Earnings Date||Aug 14, 2019 - Aug 19, 2019|
|Forward Dividend & Yield||0.64 (0.35%)|
|1y Target Est||187.71|
U.S.-China trade tensions are heightening with no end in sight, after President Trump escalated tensions in an interview with Fox News. Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Andy Serwer discuss outlook and difference between the U.S. and Chinese economy.
CNBC's Jim Cramer makes the case for why holding onto shares of chips suppliers in the middle of the China trade war may come with risk.
Nvidia CEO Jensen Huang tells Jim Cramer why the chipmaker won't be impacted by tariffs on Chinese imports.
Investors should consider buying up shares of Synopsis, AMD and Nvidia, RBC analyst Mitch Steves says. The stocks are well insulated due to their investments in AI and deep learning, he contends. As chip stocks sell off on a report that semiconductor makers are cutting ties with China's Huawei, investors should consider buying up shares of Synopsis SNPS , AMD AMD and Nvidia NVDA , RBC Capital Markets analyst Mitch Steves said Monday.
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.
With President Trump's recent imposition of new tariffs on $200 billion worth of China trade, the tensions between the two countries again have hit the headlines. The U.S. semiconductor industry has proven especially sensitive to trade and market issues with regard to China. From the largest to smallest, chipmakers have not been able to avoid the impact of China.
Huang said their headquarters houses 2,500 employees and was designed to encourage collaboration. When asked how he's able to lead a company to create such products, Huang said a CEO's job is to look 10 years into the future and to pivot and adapt to fast-changing conditions along the way. The same will be true for artificial intelligence, self-driving cars and a host of other innovative technologies.
It's all smiles for the owners of Nvidia (NASDAQ:NVDA) stock right now following its better-than-expected earnings report. But if you have NVDA stock, don't get too comfortable.Source: Shutterstock For one thing, its earnings beat was largely driven by its gaming sales that were less bad than expected. That's good enough to salvage this quarter, but not necessarily anything beyond that. Macro concerns weigh heavily on the outlook of Nvidia stock going forward. And don't expect the recent revival of cryptocurrency prices to do much for NVDA stock either. Add it all up, and even with the earnings bump, Nvidia stock is still trending downwards. * 7 High-Yield REITs to Buy (Even When the Market Tanks) The Earnings Beat Is Less Impressive Than You ThinkLooking at just the company's Q1 earnings per share, the owners of Nvidia stock could be forgiven for thinking NVDA had a great quarter. Its non-GAAP EPS of 88 cents smoked analysts' consensus outlook of 81 cents. Its revenues of $2.22 billion also came in slightly ahead of the consensus estimate. But the news gets worse for Nvidia stock once you take a closer look at the numbers.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor one thing, nearly all of the revenue beat was driven by the gaming division. Gaming revenues came in at $1.05 billion, far ahead of analysts' average estimate of $930 million. Moreover, its gaming sales jumped versus the previous quarter, ending a nasty serious of declines.The significantly better-than-expected results in gaming covered up some pretty lackluster numbers everywhere else, however. Sales of professional visualization products dropped from $305 million in Q3 of 2018 to $292 million last quarter. OEM and other products slumped again, dropping 15% year-over-year in Q1 against expectations for a far smaller decrease.In data-center chips, there are signs that Intel (NASDAQ:INTC) may be outpacing Nvidia. NVDA's data-center revenue came in at just $634 million for the quarter, down sharply from $679 million the previous quarter and almost $800 million two quarters ago. Not surprisingly, NVDA's data-center results fell well short of expectations.It seems that Nvidia's gaming results have taken a turn for the better. But that's hardly enough to leave Nvidia stock poised to do well for the rest of 2019, since its other important potential growth areas like data center can't seem to get back on track. NVDA's guidance for the current quarter wasn't anything special either, indicating its Q1 results may have been just a one-off fluke. Don't Count on Bitcoin to Save GamingIn the past, there was a significant correlation between the price of Bitcoin and NVDA stock. And given that NVDA's quarterly "gaming" revenues plummeted from $1.8 billion in early 2018 to half of that last quarter, clearly crypto miners had been generating much more demand for graphics cards than gamers.But don't expect the recent revival of Bitcoin prices to make a lasting difference for NVDA stock. This is due to a key concept called Bitcoin dominance. In the golden days of crypto, the market cap of all crypto coins topped $500 billion. It's barely back to $100 billion today. Bitcoin has come roaring back, but many of the alternative crypto coins remain in the dumps.That is critical for Nvidia stock, since few people use Nvidia or AMD (NASDAQ:AMD) cards to mine Bitcoin. Instead, they use more specialized products from other vendors. However, it is profitable to mine many of the alternative coins with NVDA cards. But if altcoins aren't surging in price, demand for Nvidia's cards will remain in check.As it is, Bitcoin's share of the overall crypto market has surged from just 33% in January 2018 to nearly double that recently. Meanwhile other alternatives, like Ethereum, which can be mined with Nvidia's tools, have become far less popular. Ethereum's share of the overall crypto market has now fallen to its lowest point since late 2017.Meanwhile, the third most popular coin, Ripple, is not mineable at all, negating any need for graphics cards. If the crypto community doesn't rally around more alternative coins, a further rise in Bitcoin's price is unlikely to do much for Nvidia stock. The Verdict on Nvidia StockOn its earnings conference call, NVDA noted that its outlook was weaker than it was when Q1 had started. That should hardly be a surprise. The trade war has escalated far more than most of us, myself included, had expected. NVDA has been caught in that crossfire.While the stock market has recovered recently, U.S.-China tensions are still simmering.. The Trump administration's recent decision to take aim at Huawei could lead to a further cooling in demand for American semiconductor products from China.When it comes to Nvidia stock, don't expect a potentially short-lived recovery in crypto prices to offset much bigger macro factors. NVDA is trying to adjust to life without a huge stream of crypto revenue. It still has to make much more progress in that area, as Q1's more than 30% revenue decline compared to the same quarter last year shows. And with weakness showing up in other areas like data center, NVDA still has a long ways to go before it regains its previous level of prosperity. For now, expect NVDA stock to keep trending lower.At the time of this writing, Ian Bezek owned INTC stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post Why Nvidia Stock Will Retreat appeared first on InvestorPlace.
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.
Nvidia reported earnings on Thursday, May 16. Action Alerts PLUS research analyst Zev Fima breaks down what investors need to know about the chip stock going into the second half of 2019.
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.
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
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