NVIDIA Corporation’s Stock Price Plummets to $118.11, Recording a Significant 6.68% Drop

NVIDIA Corporation (NVDA)

118.11 USD -8.46 (-6.68%) Volume: 467.84M

NVIDIA Corporation’s stock price stands at 118.11 USD, experiencing a -6.68% downturn this trading session with a trading volume of 467.84M, yet showcasing a remarkable YTD growth of +138.50%, highlighting its noteworthy market performance.

Latest developments on NVIDIA Corporation

NVIDIA Corp (NASDAQ:NVDA) has been making headlines recently as its stock price enters correction territory, erasing a staggering $430 billion. Analysts are closely watching the AI giant, with one calling it the “only game in town” for AI GPUs. Despite uncertainties about its future in the AI market, NVIDIA’s stock continues to slide, dragging down other chip stocks with it. The company’s recent deal to power data centers in the Middle East shows its continued expansion, but questions remain about its brand recognition compared to tech giants like Apple and Microsoft. As investors speculate on NVIDIA’s future, its stock split and recent selloff have added to the volatility in the market.

NVIDIA Corporation on Smartkarma

Analysts on Smartkarma are closely following NVIDIA Corp, with a positive outlook on the company’s future. Uttkarsh Kohli‘s report highlights how mega cap stocks like Nvidia are surpassing market expectations, especially in the AI-driven rally. On the other hand, Brian Freitas points out a rebalance in the MV US Listed Semiconductor 25 Index, with significant selling pressure on NVIDIA. Despite this, Srinidhi Raghavendra sheds light on NVIDIA’s NVentures program, focusing on early-stage investments to grow the AI ecosystem.

Furthermore, reports from Uttkarsh Kohli and Baptista Research emphasize NVIDIA’s potential to become the world’s largest company based on its AI capabilities and recent financial performance. While stock splits have historically fueled price rises, Uttkarsh Kohli‘s analysis warns of potential volatility after recent splits. Overall, the analysts on Smartkarma provide a comprehensive view of NVIDIA Corp, highlighting both the opportunities and challenges the company faces in the 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 well for future expansion and market performance. The company’s products provide interactive 3D graphics to the mainstream personal computer market, indicating a strong foothold in the industry.

While the Value and Dividend scores are lower, the high scores in Growth and Momentum, along with a solid Resilience score, suggest that NVIDIA Corp is well-equipped to weather any market challenges and continue its growth trajectory. Investors may find the company’s strong performance in key areas reassuring for its long-term prospects.

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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