197.75 +0.56 (0.28%)
After hours: 7:59PM EST
|Bid||197.75 x 800|
|Ask||197.79 x 1000|
|Day's Range||192.83 - 206.85|
|52 Week Range||176.01 - 292.76|
|Beta (3Y Monthly)||2.74|
|PE Ratio (TTM)||28.74|
|Earnings Date||Nov 15, 2018|
|Forward Dividend & Yield||0.60 (0.29%)|
|1y Target Est||287.91|
NVIDIA has unveiled the Quadro RTX 4000, a workstation and deep learning version of its GeForce RTX 2070 gaming GPU. Like that model, it packs 2,304 NVIDIA CUDA cores, 288 Turing Tensor Cores for AI and 8GB of GDDR6 graphics memory, but has fewer ray-tracing (RT) cores with 36 rather than 42. It also uses slightly less power (150 watts) compared to the RTX 2070's 185 watts, likely because of reduced clocks speeds.
Nvidia (NVDA) stock slipped 1% during regular trading hours Wednesday just one day before the company is set to report its quarterly financial results.
Major stock indexes rallied sharply off lows late in Wednesday's session. Stocks today under pressure included Nasdaq 100 giants Apple and Netflix.
A Wall Street brokerage on Tuesday upgraded chip stocks Nvidia and Xilinx to positive from neutral on their prospects in artificial intelligence. Both stocks climbed on a good day for tech.
Stocks today ended mostly lower after searching for direction through much of the session. The Nasdaq pared gains into the close to finish flat.
Nvidia often reports big earnings beats, with an average upside of 33.35 percent to estimates in the last four quarters. RBC Capital Markets expects Nvidia's data center segment to drive upside that flows through the income statement, analyst Mitch Steves said in a preview note. The analyst forecast for data center revenue to exceed the Street and buy-side expectations and drive margins higher.
After showcasing a recovery of about 4.6% over the past couple of weeks, the S&P 500 Index (SPY) is trading on a negative note again this week. The Dow Jones Industrial Average (DIA) and NASDAQ Composite index (QQQ) both were trading with 1.3% losses from yesterday’s close. Some of the key factors that hurt investor sentiment in October were rising interest rates, rising bond yields, and the negative impact of tariffs on US companies’ third-quarter results.
Bulls cite Nvidia's leadership in the Artificial Intelligence inferencing space, a market that analysts expect will grow to reach $6.5 billion by 2025.
Activision stock has been hammered of late, falling 36% in a month and a half. ATVI stock now trades at an 18-month low — and just 22x updated 2018 EPS guidance. The long-term drivers behind the gaming industry remain intact.
Although many of these chip stocks, including Intel (NASDAQ:INTC), Advanced Micro Devices (NASDAQ:AMD) and Nvidia (NASDAQ:NVDA), are much cheaper than they were at the start of September, investors should not expect the choppiness in individual share prices to be over yet. The technical chart for INTC stock is showing strength with more upside potential than downside risk.