NVIDIA Corporation’s Stock Price Drops to $136.02, Reflecting a 4.18% Decrease: Is this the Best Time to Buy?

NVIDIA Corporation (NVDA)

136.02 USD -5.93 (-4.18%) Volume: 321.6M

NVIDIA Corporation’s stock price stands at 136.02 USD, experiencing a significant trading session dip of -4.18% with a high trading volume of 321.6M, yet showcasing an impressive YTD increase of +175.88%, illustrating the stock’s strong market performance and potential for growth.

Latest developments on NVIDIA Corporation

Today, NVIDIA Corp‘s stock price movements are influenced by a variety of factors. Amazon’s Moonshot Plan to Rival Nvidia in AI Chips and Elon Musk’s plan to buy $9 billion in AI chips have contributed to potential stock rise. However, an analyst’s recommendation to sell NVIDIA stock amid concerns about growth and Super Micro have added a cautionary note. Despite this, NVIDIA’s new AI model Fugatto generating music and audio, along with the company’s strong earnings report, have created optimism among investors. With various analysts raising price targets and highlighting continued growth potential, the future of NVIDIA Corp stock remains uncertain but promising.

NVIDIA Corporation on Smartkarma

Analysts on Smartkarma have differing views on NVIDIA Corp. William Keating, a bear, points out flaws in Jensen’s GenAI vision, stating that the existing data centers do not need to be modernized into AI factories. On the other hand, Douglas O’Laughlin, a bull, notes that Nvidia’s earnings were slightly below expectations but highlights the potential of Blackwell to drive revenues higher. Nicolas Baratte, also bullish, sees Blackwell as a significant revenue driver for Nvidia in the upcoming quarter, despite some short-term concerns. Baptista Research, another bullish analyst, raises concerns about overheating issues in Nvidia’s latest Blackwell chips, potentially stalling the AI revolution.

Moreover, Baptista Research raises another point of concern for Nvidia, examining the impact of China tensions on the chip giant. With the return of Donald Trump to office, potential tariffs on Taiwanese-made chips could have significant implications for Nvidia, a key client of Taiwan Semiconductor Manufacturing Company (TSMC). Trump’s administration’s criticism of the U.S. CHIPS Act and allegations against Taiwan for “stealing” America’s chip industry add to the uncertainties surrounding Nvidia’s future amidst global dynamics.

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 expected to continue to expand and perform well in the market. Additionally, its Resilience score indicates that NVIDIA Corp is well-equipped to handle challenges and maintain stability. Although the Value and Dividend scores are not as high, the strong performance in other areas suggests that the company has potential for long-term success.

NVIDIA Corporation is a leading company in designing and developing 3D graphics processors and software. With a focus on providing interactive 3D graphics to the mainstream personal computer market, the company has established itself as a key player in the industry. The high scores in Growth and Momentum indicate that NVIDIA Corp is poised for continued success and growth in the future, making it a promising investment option for those looking for long-term opportunities.

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.
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