440.50 +0.09 (0.02%)
After hours: 5:50PM EDT
|Bid||440.41 x 1100|
|Ask||440.60 x 2200|
|Day's Range||428.61 - 443.95|
|52 Week Range||147.39 - 443.95|
|Beta (5Y Monthly)||1.34|
|PE Ratio (TTM)||82.34|
|Earnings Date||Aug 13, 2020 - Aug 17, 2020|
|Forward Dividend & Yield||0.64 (0.15%)|
|Ex-Dividend Date||Jun 04, 2020|
|1y Target Est||406.18|
Two Leaders in their Respective Sectors.
The Dow Jones was up nicely in afternoon trading Monday, helped by strong performances from Microsoft, Apple and Merck.
What are the best robotics and artificial intelligence stocks to buy today? In this time of uncertainty characterized by volatile market movements, economic contraction, and spiraling unemployment, finding stocks to put your money into seems like an arduous task. Some investors might think that the stock market is acting irrationally and puzzled by the quick […]
The New York State Teachers’ Retirement System trimmed investments in Apple and Intel stock in the second quarter. The pension also bought more Nvidia and AbbVie stock.
The S&P 500 (SNPINDEX: ^GSPC) is near breakeven in 2020, but the tech-heavy Nasdaq (NASDAQINDEX: ^IXIC) has crushed the broader market, gaining about 18%. Under the watchful eye of Satya Nadella, who took the helm at Microsoft (NASDAQ: MSFT) in early 2014, the company has enjoyed a striking renaissance. The company has become a cloud leader in just a few short years and continues to give Amazon Web Services (AWS) a run for its money.
I’ve admired NVIDIA Corp (NASDAQ:NVDA) for a long time. It’s a great company with great leadership and great companies are not typically cheap. Greatness comes at a premium. How much of a premium? That’s the key question and there’s no easy answer. Q2 2020 hedge fund letters, conferences and more Unfortunately I’ve never invested in the […]
The Japanese conglomerate is currently negotiating terms with Nvidia after receiving an approach last month, the report said, citing an unidentified source familiar with the matter, adding that it is possible that SoftBank would take stake in Nvidia after it bought Arm. The report did not mention how much stake the company will retain in Arm.
Inphi is in buy range while Semtech, Broadcom, Microchip Technology and Nvidia are near buy points as chip stocks have been market rally leaders.
The GPU giant could see value in ARM's large mobile footprint and budding server CPU efforts. But a deal would also present some challenges.
Nvidia (NASDAQ:NVDA) stock is on a high once again, doubling in value after falling to $196.40 a pop in mid-March. Panic induced selling hit the tech sector hard after the novel coronavirus struck, but several stocks have bounced back. NVDA stock is no different.Source: JHVEPhoto / Shutterstock.com Its recent quarterly results reinforce the fact that the chipmaker is a tour de force in its industry. Date centers and AI services remain the lynchpins of future growth, and the company also has other segments like its automotive business that can become significant contributors in the future.Looking ahead, Nvidia forecasts second-quarter revenue of $3.58 billion to $3.72 billion. Analysts are expecting $3.25 billion.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Data Center Growth Pushes NVDA Stock HigherIn the 2021 first quarter, Nvidia's data center business unit recorded year-on-year revenue growth of 80%, with sales topping $1 billion for the first time. Along with the company's gaming business, data centers contributed the most to overall revenue, which was up 39% from the year-ago period.The growth in data centers far outpaced the 27% year-over-year growth in the gaming business unit. That goes to show the evolution of the business from a graphics-chip maker for code games and consoles, to a more diversified tech giant.It must be a bittersweet moment for management when they see these results. Gaming is what brought Nvidia to the dance. But data centers will have a larger part to play in its future. With more people sheltered in their homes during the Covid-19 pandemic, the segment will only grow. * 7 Dividend Stocks to Buy for Beginners to Income InvestingThat's why the company paid $6.9 billion to acquire Mellanox, a high-performance computing chip maker. The acquisition, although draining on cash reserves, will serve as a catalyst for the data center business. CEO Has Skin in the GameJensen Huang is the founder and chief executive officer of Nvidia. The executive still has a 3.8% stake in the company. That may not seem like a lot. But Huang is a visionary businessman who oversaw the company's rise from a nascent startup to a Silicon Valley giant. The fact he remains invested in the company should come as a sigh of relief.Warren Buffett is a legend in the investing world. When quizzed about how he picks stocks, there is one thing he often states: management is key to growth and profitability.Buffet eschews the mantra of picking cheap shares in the market in the hopes of striking gold. Instead, he goes for companies with strong, efficient management that successfully drive results for several years.Hence, NVDA stock would be right up his alley. Potential in the Automotive SegmentNvidia's automotive segment was not as successful as its other counterparts, falling 7% year-over-year due to Covid-19.However, the segment does offer some excellent long-term potential. The firm's focus is on semi-autonomous and fully autonomous vehicles that will use AI-enabled products.NVIDIA DRIVE AGX is a full end-to-end solution for fully autonomous vehicles, providing hardware, software, and sample applications. Granted, it will not be a significant moneymaker in the forthcoming quarters, but it's a segment that could become a significant tailwind in the future. Is NVDA Stock Appropriately Valued?One thing is for sure, NVDA stock is not cheap by any means. Trading at 77.94x trailing price to earnings, shares of the semiconductor firm are highly-priced. That's why you didn't see a massive surge in share price even though the quarterly results were excellent.In its peer group, Advanced Micro Devices (NASDAQ:AMD) and NXP Semiconductors (NASDAQ:NXPI) are the only two companies that have a P/E ratio higher than NVDA.You know the market is bullish when Intel and Nvidia both have valuations of more than $200 billion. Analysts' estimates are for Nvidia to touch revenues of $14.64 billion this fiscal year, while Intel will reach $75.12 billion.However, considering the high rate of revenue growth the company is experiencing, I believe the premium valuation is justified. I prefer pouring capital into a company that is led well and has a strong vision for growth because that will ultimately draw returns and profitability.Nvidia's data center segment and AI solutions will drive growth rates higher. Gaming will remain a substantial contributor to overall revenues, and share prices will continue to skyrocket. Simply put, you can't go wrong investing in NVDA stock.Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. He has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio. Faizan Farooque does not directly own the securities mentioned above. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Why Nvidia Shares Will Top $500 appeared first on InvestorPlace.
Another day, another new high close. For Nvidia (NASDAQ:NVDA) that's been a pattern through much of the past five years.Source: Hairem / Shutterstock.com There were two interruptions -- when the crypto mining market collapsed in 2018, and again during this year's March market meltdown -- but in both cases Nvidia quickly bounced back. With NVDA stock nearing the $420 level, is there still upside to this graphics chip company? Nvidia's Q1 EarningsNvidia reported its earnings for the first quarter fiscal 2021 on May 21. Nvidia stock popped nearly 3% the next day, and with good reason.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dividend Stocks to Buy for Beginners to Income Investing Revenue of $3.08 billion was up 39% year-over-year. Gaming revenue was up 27% YOY. Data Center revenue was up 80% compared to last year, hitting a record $1.14 billion. Adjusted EPS of $1.90 blew past the $1.69 Wall Street had been expecting. In addition, Nvidia completed its acquisition of Mellanox Technologies during the quarter. This move is seen as significantly strengthening Nvidia's position in data center, AI and cloud computing markets. Is Nvidia Pandemic-proof?With Nvidia's first quarter ending April 26, it covered much of the worst of the novel coronavirus impact. Lockdowns in the U.S. had begun more than a month before. Disruptions in the Chinese supply chain had hit many tech companies. While the pandemic hurt many companies, it actually worked in Nvidia's favor. The company benefited from a big boost in the popularity of gaming, and as laptops were snapped up to support remote working and education.Whether this boost will continue is difficult to predict. Nvidia alluded to this in its Q1 earning report, noting "current market uncertainties" when discussing when it plans to resume share repurchases. How Are Competing Stocks Performing?Nvidia stock has posted growth of nearly 75% so far in 2020. That would be very impressive at the best of times. In a year where the novel coronavirus pandemic and an oil price war shocked the markets, it's nothing short of spectacular. Especially for a company that's not a biotech firm on the hunt for a COVID-19 vaccine.It would help to get some context around Nvidia's performance. How are the company's competitors faring this year?Advanced Micro Devices (NASDAQ:AMD) battles Nvidia on the GPU market, competing in the PC market, game console market, and in data center solutions. AMD has been resurgent over the past five years, and its stock continues to fly high in 2020. It's up 57% so far this year. Intel (NASDAQ:INTC) and Nvidia clash primarily in the data center AI market. Intel was showing off its own computer GPU at this year's Consumer Electronics Show, a move that will put it in direct competition with Nvidia's graphics cards. INTC stock has been battered by chip delays, and is down 33% so far in 2020.Nvidia stock is the winner. Bottom Line on NVDA Stock There's no arguing the fact that Nvidia stock has been on a roll in 2020. The surge in popularity of PC gaming during the pandemic hasn't hurt, and the acquisition of Mellanox significantly boosts its prospects in the cloud and AI market. The company wasn't hurt by the pandemic in the first quarter -- on the contrary it posted numbers across the board that were up impressively over last year.The big question is whether lasting effects from the pandemic, (a recession), will result in consumers and corporate customers tightening their spending. This is a big part of the "market uncertainties" Nvidia alluded to in its Q1 earnings report. That uncertainty is why the analysts surveyed by The Wall Street Journal have Nvidia stock rated as overweight, but their 12-month price target of $406.82 has nearly 3% downside.Nvidia is a solid investment, especially among chip companies. However, whether Nvidia can continue to post the gains seen so far this year is iffy. We'll find out how the company has performed as the pandemic's impact stretched out in the U.S. in mid-August, when Nvidia is expected to report its Q2 earnings.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Nvidia Stock Continues Its March, But Can Growth Continue? appeared first on InvestorPlace.
Nvidia is reportedly in 'advanced talks' to purchase ARM for more than $32 billion, according to Bloomberg. Yahoo Finance's On the Move panel discusses.
(Bloomberg) -- Nvidia Corp. is in advanced talks to acquire Arm Ltd., the chip designer that SoftBank Group Corp. bought for $32 billion four years ago, according to people familiar with the matter.The two parties aim to reach a deal in the next few weeks, the people said, asking not to be identified because the information is private. Nvidia is the only suitor in concrete discussions with SoftBank, according to the people.A deal for Arm could be the largest ever in the semiconductor industry, which has been consolidating in recent years as companies seek to diversify and add scale. But any deal with Nvidia, which is a customer of Arm, would likely trigger regulatory scrutiny as well as a wave of opposition from other users.Cambridge, England-based Arm’s technology underpins chips that are crucial to most modern electronics, including those that dominate the smartphone market, an area in which Nvidia has failed to gain a foothold. Customers including Apple Inc., Qualcomm Inc., Advanced Micro Devices Inc. and Intel Corp., could demand assurances that a new owner would continue providing equal access to Arm’s instruction set. Such concerns resulted in SoftBank, a neutral company, buying Arm the last time it was for sale.No final decisions have been made, and the negotiations could drag on longer or fall apart, the people said. SoftBank may gauge interest from other suitors if it can’t reach an agreement with Nvidia, the people said. Representatives for Nvidia, SoftBank and Arm declined to comment.Divestment Drive“With Nvidia’s low-cost fabless model enabling it to focus on R&D, engineering and programming, the fit with Arm would be perfect,” said Neil Campling, an analyst at Mirabaud Securities.Nvidia is the largest maker of graphics processors and it’s spreading the use of the gaming component into new areas such as artificial intelligence processing in data centers and self-driving cars. Marrying its own capabilities with central processor units designed by Arm may enable it to take on Intel and Advanced Micro Devices in a more comprehensive way, according to Rosenblatt Securities analyst Hans Mosesmann. He estimates Nvidia would have to pay about $55 billion for Arm.“You need control of BOTH CPU and GPU roadmaps and this, of course, includes data centers,” he wrote in a note Friday, referring to central processing units and graphic processing units. “Strategically, Nvidia needs a scalable CPU that can be integrated into its GPU roadmap, as is the case with AMD and Intel.”Billionaire Masayoshi Son has been selling some of SoftBank’s trophy assets as the company seeks to pay down debt at the Japanese conglomerate. SoftBank has offloaded part of its stake in Chinese internet giant Alibaba Group Holding Ltd. and a chunk of its holdings in wireless carrier T-Mobile US Inc.SoftBank has been exploring options to exit part or all of its stake in Arm through a sale or public stock listing, Bloomberg News has reported. The chip-design company could go public as soon as next year if SoftBank decides to proceed with that option, people with knowledge of the matter have said.Arm has become more valuable as it pushes its architecture into smart cars, data centers and networking gear. The company could be worth $44 billion if it pursues an initial public offering next year, a valuation that may rise to $68 billion by 2025, according to New Street Research LLP.Nvidia, based in Santa Clara, California, is the world’s largest graphics chipmaker. The stock has surged more than twenty-fold in the past five years, giving the company more firepower to do large deals. Nvidia’s market value has increased to more than $260 billion in that time, surpassing Intel. The stock was little changed Friday in New York.(Updates with analyst comment in eighth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
There’s growing chatter that the graphics chip giant Nvidia is taking a serious run at buying the U.K.-based semiconductor design company, which SoftBank had acquired in 2016.
CFO Commentary to Be Provided in Writing Ahead of CallSANTA CLARA, Calif., July 30, 2020 (GLOBE NEWSWIRE) -- NVIDIA will host a conference call on Wednesday, August 19, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the second quarter of fiscal year 2021, which ended July 26, 2020. The call will be webcast live (in listen-only mode) on www.nvidia.com. The company’s prepared remarks will be followed by a question and answer session, which will be limited to questions from financial analysts and institutional investors.Ahead of the call, NVIDIA will provide written commentary on its second-quarter results from its CFO. This material will be posted to investor.nvidia.com immediately after the company’s results are publicly announced at approximately 1:20 p.m. PT.The webcast will be recorded and available for replay until the company’s conference call to discuss financial results for its third quarter of fiscal year 2021.About NVIDIA NVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined modern computer graphics and revolutionized parallel computing. More recently, GPU deep learning ignited modern AI — the next era of computing — with the GPU acting as the brain of computers, robots and self-driving cars that can perceive and understand the world. More information at http://nvidianews.nvidia.com/.For further information, contact: Simona JankowskiRobert Sherbin Investor RelationsCorporate Communications NVIDIA CorporationNVIDIA Corporation email@example.com@nvidia.com © 2020 NVIDIA Corporation. All rights reserved. NVIDIA and the NVIDIA logo are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries.
The S&P 500 Index is a market-capitalization-weighted index of the 500 largest publicly traded companies in the U.S. It is widely regarded as the best gauge of large-cap U.S. equities. The S&P 500's total return is 9.5% over the past 12 months. This market performance number and the statistics in the tables below are as of July 29. Here are the top 3 stocks with the best value, the fastest earnings growth, and the most momentum.
Advanced Micro Devices, Inc. (NASDAQ: AMD) shares jumped 12.8% following the company's second-quarter earnings beat this week. Semiconductor stocks traded higher in sympathy with AMD, and short sellers took a major beating.In fact, semiconductor short sellers took an $800.3 million paper loss on Wednesday, according to S3 Partners analyst Ihor Dusaniwsky. AMD was responsible for the lion's share of those losses, as AMD short sellers took a $495.6 million hit.But AMD short sellers weren't alone. NVIDIA Corporation (NASDAQ: NVDA) shares were up 2.8%, hitting short sellers with an $87 million loss. Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM) shares were up 6.8%, costing short sellers $87.1 million.Dusaniwsky said AMD has the largest outstanding short position of any stock in the semiconductor group at $3.53 billion followed closely by Nvidia at $3.13 billion."Based on year-to-date and today's mark-to-market losses there is a good chance we see short covering in AMD, Nvidia and Taiwan Semiconductor as some shorts get squeezed out of their positions," Dusaniwsky said.Tough Year For Semi Shorts: Year to date, AMD short sellers have endured mark-to-market losses of $1.96 billion, making AMD the worst semiconductor short of 2020. Nvidia short sellers have taken a $1.77 billion loss, while Taiwan Semiconductor short sellers are down $404.9 million.At the same time, not all semiconductor short sellers are getting fried in 2020. Intel Corporation (NASDAQ: INTC) short sellers have turned a $446.7 million profit year-to-date, and Microchip Technology Inc. (NASDAQ: MCHP) short sellers have gained $335 million in 2020.Overall, however, 2020 has been a disaster for semiconductor short sellers, which have logged aggregate year-to-date mark-to-market losses of $4.2 billion.Benzinga's Take: Short selling is inherently a dangerous venture, and shorting momentum stocks like AMD and Nvidia has been a losing trade in recent years. Given Intel's ongoing struggles producing its 7 nanometer chips, AMD could continue to bleed short sellers for the foreseeable future.Related Links:What Mark Cuban Says Could Be The Greatest Threat To America's Tech, Military Future Is Now The Time To Short Tesla's Stock?Latest Ratings for AMD DateFirmActionFromTo Jul 2020JP MorganMaintainsNeutral Jul 2020Piper SandlerMaintainsOverweight Jul 2020UBSMaintainsNeutral View More Analyst Ratings for AMD View the Latest Analyst Ratings See more from Benzinga * Nvidia Option Trader Bets .3M On Near-Term Upside * Option Traders Make Big Bullish Bets On AMD, Texas Instruments(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The deployment of 5G networks is still in the early phases, and a lot of money remains to be spent on the latest wireless technology as telecom carriers roll it out to more markets across the world. Ciena (NYSE: CIEN) and NVIDIA (NASDAQ: NVDA) are two ways investors can take advantage of that massive spurt in infrastructure spending. Both companies provide technologies that are critical to the efficient functioning of 5G networks.
The technology sector is comprised of businesses that sell goods and services in electronics, software, computers, artificial intelligence, and other industries related to information technology (IT).