NVIDIA Corporation’s Stock Price Plummets to $117.59: A Sharp 6.38% Drop in Value

NVIDIA Corporation (NVDA)

117.59 USD -8.02 (-6.38%) Volume: 448.98M

NVIDIA Corporation’s stock price is currently at 117.59 USD, experiencing a decline of 6.38% this trading session with a trading volume of 448.98M. Despite today’s dip, NVDA’s year-to-date performance remains strong, boasting a percentage change of +137.45%.

Latest developments on NVIDIA Corporation

Recent events have had a significant impact on NVIDIA Corp‘s stock price movement. Following the Q2 earnings report, analysts revised their price targets, highlighting a slowdown in sequential growth. Despite beating profit estimates, the company faced challenges with its Blackwell chip and disappointing forecasts, leading to a tumble in stock prices. However, Nvidia’s strategic investments in AI technology and data centers have positioned it as a market leader. CEO Jensen Huang remains optimistic about the future, identifying a $1 trillion opportunity in generative AI. Despite the recent stock slip, Wall Street analysts still recommend buying the dip, emphasizing Nvidia’s long-term growth potential.

NVIDIA Corporation on Smartkarma

Analysts on Smartkarma are closely following NVIDIA Corp, with varying sentiments on the company’s performance. Uttkarsh Kohli‘s bullish report highlights NVIDIA’s stunning Q2 results with $30.04B revenue and 68¢ EPS, driven by data center chips. Despite a 8% post-results plunge, NVIDIA’s strong position in AI hardware and a $50 billion stock buyback offer optimism for the future.

On the other hand, Douglas O’Laughlin’s bearish perspective raises concerns about potential volatility in NVIDIA’s earnings. With a focus on the AI semiconductor trade, the upcoming earnings report could lead to market fluctuations. However, with 47 out of 61 analysts rating NVIDIA a strong buy, there is still confidence in the company’s AI GPU leadership despite the bearish outlook.

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

According to Smartkarma Smart Scores, NVIDIA Corp has received a high score of 5 for Growth and Momentum, indicating a positive long-term outlook for the company. This suggests that NVIDIA Corp is expected to experience strong growth in the future and has good momentum in the market.

Additionally, NVIDIA Corp has received a score of 4 for Resilience, indicating that the company is well-positioned to withstand economic challenges and market volatility. However, the company received lower scores of 2 for both Value and Dividend, suggesting that investors may need to consider other factors when evaluating the company’s overall outlook.

Summary: NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software. The Company’s products provide interactive 3D graphics to the mainstream personal computer market.

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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