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Biggest stock gainers today in S&P 500

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What is Smartkarma SmartScore?

It is a compound score for a Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores (Value, Dividend, Growth, Resilience, Momentum scores) computed by Smartkarma.

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Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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💡 Before it’s here, it’s on Smartkarma

NVIDIA Corporation (NVDA)

130.00 USD +5.42 (+4.35%) Volume: 315.93M

NVIDIA Corporation’s stock price soars to $130.00, marking a significant trading session increase of +4.35%. With an impressive trading volume of 315.93M and an outstanding year-to-date percentage change of +162.51%, NVDA stocks continue to demonstrate robust performance in the market.

Latest developments on NVIDIA Corporation

NVIDIA Corp‘s stock price has been on the rise, with Goldman Sachs maintaining a Conviction Buy rating and revisiting its stock price target ahead of earnings. The company recently debuted the StormCast generative AI model for weather forecasting, while also making advancements in AI-based weather and climate prediction. AMD’s $4.9 billion deal to acquire ZT Systems is seen as a challenge to NVIDIA’s AI infrastructure lead, with analysts bullish on both companies’ potential in the AI market. Despite a recent 5-week losing streak, NVIDIA’s stock has rebounded, with expectations of strong earnings ahead. With AI powering significant developments in technology, the competition between NVIDIA and AMD continues to drive stock price movements and investor interest in the AI sector.

NVIDIA Corporation on Smartkarma

Analysts on Smartkarma have differing views on NVIDIA Corp. Joe Jasper, with a bullish stance, sees potential for semiconductors like $NVDA to outperform, while Brian Freitas, leaning bearish, predicts a shift in flows from NVIDIA to Apple in the XLK ETF. On the other hand, Robert McKay highlights deficiencies in NVIDIA’s China dominance in AI accelerators, with Huawei’s Ascend poised to address these issues. Baptista Research takes a bullish outlook, emphasizing NVIDIA’s AI innovation and advancements in processing speed with the “Blackwell” chip series. However, William Keating presents a bearish perspective, questioning whether NVIDIA can replicate Intel’s success in the data center market.

A look at NVIDIA Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, NVIDIA Corp has a positive long-term outlook. With high scores in Growth and Momentum, the company is positioned for strong performance in the future. This indicates that NVIDIA Corp is expected to continue expanding and gaining momentum in the market.

Although the company received lower scores in Value and Dividend, its high scores in Growth and Resilience suggest that NVIDIA Corp has a solid foundation for long-term success. Overall, the company’s focus on developing and marketing 3D graphics processors positions it well for continued growth and innovation in the industry.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma