|Bid||249.00 x 1800|
|Ask||249.30 x 800|
|Day's Range||246.76 - 249.93|
|52 Week Range||138.58 - 260.50|
|PE Ratio (TTM)||41.44|
|Earnings Date||Aug 8, 2018 - Aug 13, 2018|
|Forward Dividend & Yield||0.60 (0.24%)|
|1y Target Est||275.77|
Gamers are NVIDIA’s (NVDA) core customers, and it earns more than 50% of its revenue from them. The company continues to develop new technologies to enhance the user gaming experience. At the 2018 GPU Technology Conference, NVIDIA unveiled a new real-time ray-tracing technology, RTX, that will deliver movie-quality rendering in games.
NVIDIA (NVDA) is a leader in the discrete GPU (graphics processing unit) market, and its biggest user base is gamers. Advanced Micro Devices (AMD) is the only other competitor for NVIDIA in the gaming market, but it’s failed to upset NVIDIA’s dominant position. Gaming has evolved from just a one- or two-player experience to a multiplayer experience to an entertainment sport with thousands of spectators called “eSports.” NVIDIA earns gaming revenue when new users join gaming platforms and when its installed base upgrades to advanced GPUs.
The next big opportunity for NVIDIA (NVDA) after AI in the data center space is AI in the automotive space. The automotive and transportation industry is working toward developing self-driving cars. Hence, NVIDIA’s automotive revenue is still coming from in-car infotainment, and because of this, its automotive revenue growth is slower than its growth in the data center and AI spaces.
As the Federal Reserve recently observed, the economy is continuing to expand. Granted, not all small and mid-caps will benefit from growth, but it you find some that have what it takes — expanding sales growth, growing earnings, strong momentum — they have all the makings of top-notch growth stocks. Granted, there are still big stocks with plenty of growth potential that missed my list — Amazon.com Inc (NASDAQ: AMZN) and NVIDIA Corp (NASDAQ: NVDA), for example.
The biggest stock market winners tend to have exceptional earnings growth, so see which companies today have the most explosive EPS gains.
Micron Technology, Inc. (NASDAQ:MU) stock has gotten out of its funk and in a big way. The price action on Micron stock looks more like that of a red-hot IPO, not a 40+ year old memory chip manufacturer. Then again, Micron stock has been subject to wide swings over the years.
Though IT giants such as HP Enterprise , IBM and Cisco Systems continue seeing major hardware pressures, it's not affecting the data center sales of some of their biggest chip suppliers too badly.
In the past 12 months, the Big Cap 20 and a "buy high" strategy could've made the individual investor some nice profits. A look at how success unfolded could help the next time around. Few stocks have done better than PayPal[ticker symb=PYPL] in price performance. A year ago, the Big Cap 20 stock was too extended to buy. Some individual...
NVIDIA’s (NVDA) value-added GPU (graphics processing unit) platforms—Quadro for professional visualization, Tesla for data centers, GeForce for gaming, and DRIVE for automotive—are being adopted increasingly across different markets. It is these value-added platforms that allow NVIDIA to command a higher price for its GPUs.
NVIDIA (NVDA) is working toward offering an end-to-end autonomous driving solution from the data center to AV (autonomous vehicle). Intel (INTC) is also working on an end-to-end solution for autonomous cars. NVIDIA is adopting its one-architecture approach on AV to ease software optimization.
A couple of weeks ago, I pointed out three compelling Artificial Intelligence (AI) stocks you may not have even known about. There are certainly more than three such artificial intelligence prospects though. Most investors fully understand that Nvidia Corporation (NASDAQ:NVDA) makes the hardware that powers most AI applications while International Business Machines Corporation (NYSE:IBM) is arguably doing the most to put artificial intelligence to practical use.
NVIDIA (NVDA), which earns more than 80% of its revenue from GPUs (graphics processing units), is expanding the application of these GPUs in verticals beyond gaming. The company has also renewed its focus on a second product, its Tegra SoC (system-on-chip), which is a low-power processor for devices needing power efficiency.
Autonomous driving appears to be the future of automotive. Almost every company in the automotive supply chain are working on SDC (self-driving cars). These companies include mapping companies, sensor companies, automakers, and major tech companies like Google (GOOG), Intel (INTC), and NVIDIA (NVDA).
Caterpillar, Tupperware, Nvidia, Texas Instruments and Intel as Zacks Bull and Bear of the Day
NVIDIA’s (NVDA) GPU (graphics processing unit) business has been growing rapidly due to the growing adoption of its GPUs across various applications, ranging from gaming to data centers. However, NVIDIA reported better-than-expected revenue in the first quarter of fiscal 2019 thanks to growing demand from crypto miners who use GPUs to mine Ethereum.
In the previous part of this series, we saw that NVIDIA (NVDA) is expanding its data center AI (artificial intelligence) opportunity by making AI easy to adopt. This strategy of NVIDIA opened up several revenue streams in its data center. Cloud companies like Google buy NVIDIA GPUs (graphics processing units) for internal AI workload as well as GPU-as-a-service.
fortunes are much less tied to those of PC makers than they once were, suppliers of chips and hardware components used within data center gear need to worry much less than they once did about the quarterly sales of major enterprise server, storage and networking hardware vendors. This has much to do with the heavy spending of cloud giants that often aren't keen about buying from traditional enterprise hardware vendors, but do still have quite the need for the chips, adapters, accelerator cards and controller cards made by their suppliers. It also has a bit to do with how industry trends are allowing some chipmakers to grow their enterprise revenue even as broader hardware spending is pressured.
Here’s a list of all the top-rated growth stocks that have just been added to the IBD 50, IBD Big Cap 20, Sector Leaders, Stock Spotlight and IPO leaders.
The sudden return of volatility to global stock markets has created buying opportunities in large-cap tech stocks as the sector's investors look to rebound from recent selloffs.
NVIDIA (NVDA) is enjoying strong revenue growth as its GPUs (graphics processing units) are being adopted by more verticals and at a faster pace. Earlier, GPUs were mainly used by gamers and game developers to enhance graphics. However, NVIDIA explored GPU technology’s parallel computing features and made it usable in the data center, automotive, and crypto-mining spaces.
In the previous part of this series, we saw that NVIDIA (NVDA) has been witnessing strong revenue growth for the past three years and the revenue growth rate has increased with every passing year. Based on the company’s sequential revenue growth, fiscal Q1 2019 earnings, and growth drivers, we expect NVIDIA’s revenue to reach $13 billion in fiscal 2019.
NVIDIA (NVDA) has seen record revenue for the past two years as the advent of AI and eSports set the path for strong double- and triple-digit growth. This revenue growth is expected to continue in fiscal 2019, with several addressable markets to tap and little competition.