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NVIDIA Corporation’s Stock Price Skyrockets to $116.91, Marking an Impressive 8.15% Increase

By September 12, 2024 No Comments

NVIDIA Corporation (NVDA)

116.91 USD +8.81 (+8.15%) Volume: 432.85M

NVIDIA Corporation’s stock price surged to 116.91 USD, marking a significant trading session increase of +8.15%, driven by a robust trading volume of 432.85M. The tech giant’s shares have impressively shot up +136.08% YTD, reflecting its strong market performance.


Latest developments on NVIDIA Corporation

Today, NVIDIA Corp stock price movements have been influenced by a variety of key events. CEO Jensen Huang’s acknowledgment of ‘tense’ customer relations due to shortages has raised concerns among investors. Despite this, Nvidia-Backed Sakana AI is eyeing strategic partnerships in Japan, showcasing potential growth opportunities. Additionally, the surge in Nasdaq and S&P 500, led by Nvidia, indicates a bounce back from post-CPI sell-off. While there are concerns about AI not translating to higher corporate earnings, Jensen Huang’s unconventional management style and commitment to meeting high demand for Blackwell chips are factors driving investor confidence. With the recent market plunge and subsequent questions about stock buyback, Nvidia’s future trajectory remains uncertain amidst ongoing challenges and opportunities in the AI industry.


NVIDIA Corporation on Smartkarma

Analysts on Smartkarma have been closely covering NVIDIA Corp, with a mix of bullish and bearish sentiments. Baptista Research highlighted NVIDIA’s stellar financial achievements in the second quarter of fiscal 2025, driven by unprecedented growth in the Data Center segment. On the other hand, Brian Freitas emphasized that NVIDIA is a big sell in the market consultation proposals, alongside Microsoft, as part of a round-trip trade of US$31.5bn. The Circuit discussed the volatility in NVIDIA’s stock post-earnings reports, emphasizing the importance of correctly pronouncing the company’s name for investors.

Furthermore, Brian Freitas also pointed out that NVIDIA will be sold as part of a US$35bn trade due to changes in the S&P 500 INDEX, S&P400 Index, and S&P600 Index. Meanwhile, William Keating raised concerns about NVIDIA’s >5x YoY revenue growth in Singapore, questioning the city-state’s significant contribution to the company’s overall revenues. With diverse perspectives from analysts on Smartkarma, investors are presented with a comprehensive view of NVIDIA Corp‘s performance and market outlook.


A look at NVIDIA Corporation Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
Resilience4
Momentum5
OVERALL SMART SCORE3.6

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 a positive long-term outlook with strong scores in Growth and Momentum. With a Growth score of 5, the company is expected to experience significant expansion and development in the future. Additionally, a Momentum score of 5 indicates that the company is currently performing well and is likely to continue on this path. This suggests that NVIDIA Corp is well-positioned for growth and success in the coming years.

While NVIDIA Corp scores lower in Value and Dividend at 2, the company still maintains a solid Resilience score of 4. This indicates that the company is able to withstand economic challenges and market fluctuations. Overall, with a focus on innovation and technological advancements in 3D graphics processors, NVIDIA Corp is poised to continue its success in providing 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.
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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