|Bid||0.00 x 900|
|Ask||0.00 x 1000|
|Day's Range||161.61 - 170.66|
|52 Week Range||161.61 - 292.76|
|Beta (3Y Monthly)||2.74|
|PE Ratio (TTM)||21.97|
|Earnings Date||Feb 6, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||0.64 (0.39%)|
|1y Target Est||241.15|
Japan's Nikkei share average rebounded on Monday after investors covered their short positions on chip-related stocks, offsetting a drop in financials that were hurt by lower U.S. yields. Analysts said that Nvidia Corp's dismal earnings, which triggered the tech sell-off, were now priced into the Japanese market, with investors scooping up chip shares on the dips. Tokyo Electron rose 3.6 percent, Advantest Corp added 2.2 percent and Screen Holdings surged 3.7 percent.
Chip buyers have industry-specific reasons for cutting orders, but also prefer to order cautiously due to greater macro uncertainty and/or greater confidence that they can up their orders in the future without having to worry about supply shortages. having signaled on its Nov. 1 earnings call that it's seeing some weakness in emerging markets such as India, Brazil and Russia and with the company having said it's guiding cautiously partly due to macro concerns, it wouldn't be surprising if Apple is choosing to be conservative with its iPhone chip-order and production plans.
For Nvidia, cleaning out months worth of inventory may prove to be the easy part. At its peak just six weeks ago, Nvidia was worth about $176 billion—nearly five times its value from just two years earlier. Thanks to last month’s marketwide selloff and a disappointing forecast from Nvidia for its current quarter, the company is worth just under $100 billion now.
Nvidia shares dropped 19% to $164.43 to end the day. "Last quarter [CEO Jensen Huang] said 'we are masters at managing our channel', which turned out not be the case," Bernstein analyst Stacy Rasgon told Real Money. For one, Nvidia's high price to earnings ratio makes it somewhat prohibitive compared to peers like Intel Corp.
Nvidia Corp. is suffering a “crypto hangover” that will be hard to cure, thanks to a glut of new and used gaming cards on the market amid the launch of the company’s newest technology that replaces them.
Nvidia Corp.’s stock plummeted Friday for its worst one-day drop in more than a decade, as a disappointing earnings report cost the graphics-chip specialist more than $23 billion in market capitalization.
The next phase of transportation could be the biggest step forward since the advent of the automobile. Here's how you can take advantage of the next big thing in technology.
The facial recognition cameras that track Muslims coming in and out of hundreds mosques in the western Chinese region of Xinjiang owe a debt to American innovation: their computer chips were designed in Silicon Valley. , is one of the world’s biggest CCTV companies, selling video surveillance throughout China and across the globe. , Hikvision has avoided a ban on importing US components.
Now, several analysts have cut their price targets on the semiconductor giant. Goldman Sachs analysts cut their price target to $200 a share, and even removed the name from its conviction list. "We remove NVDA from the Conviction List with an updated 12-month price target of $200," the analysts wrote in an note on Friday.
The drop in Nvidia's stock reflects, in part, the reaction of a market blindsided by results after CEO Jensen Huang's comments during the company's second-quarter earnings call that downplayed crypto's impact on the company. "Last quarter [CEO Jensen Huang] said 'we are masters at managing our channel', which turned out not be the case," Bernstein analyst Stacy Rasgon told Real Money. "We came into Q3 with excess channel inventory post the crypto hangover," Huang told analysts on Thursday night.
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended higher Friday after starting the day in the red. Nvidia Corp. dropped nearly 19% after the chipmaker posted third-quarter adjusted earnings and revenue below estimates and the company issued weaker-than-expected fourth-quarter guidance.
Trade rumors continue to swirl and Friday was no different as stocks were able to shake off early losses, despite the beat down we saw in Nvidia (NASDAQ:NVDA). Nvidia missed on earnings and came up way short on revenue expectations for next quarter.
At the height of the cryptocurrency boom, when even moms in British Columbia were stockpiling videogame graphics cards to generate digital currency, average gamers couldn’t get their hands on their favored hardware. Nvidia misjudged how quickly prices for the graphics cards that those chips go into would normalize now that cryptocurrency mining isn’t as hot, and the company is now dealing with months of expensive inventory that price-conscious gamers won’t touch.
More important, there are other aggrieved shareholders who believe that Nvidia knew that there would be a shortfall and they should have said something given that on the previous quarterly conference call. Not that long ago I had a teach-in as part of Thestreet.com and someone in the audience wanted to know how I could turn on Nvidia just like that. If you do own it I think you must recognize that it will be a long time before the thing can come back so if you can wait you might want to only because Nvidia is a great company and they will get it right.
CNBC's Jim Cramer breaks down how Take-Two Interactive is still a buy despite the market’s disregard for the sector. The "Mad Money" host also hears from the CEO of Coca-Cola. In the lightning round, Cramer says his eye's on a high-profile credit card play.
While the S&P 500 rose, the Nasdaq fell, and investors are still struggling to figure out what’s next for the Fed and the trade war.