NVIDIA Corporation’s stock price soars to $117.02, marking a striking 12.81% increase

NVIDIA Corporation (NVDA)

117.02 USD +13.29 (+12.81%) Volume: 461.8M

NVIDIA Corporation’s stock price soars at 117.02 USD, marking a significant trading session increase of +12.81%, with a hefty trading volume of 461.8M. The tech giant’s shares have impressively surged by +136.30% YTD, showcasing its strong market performance and robust growth potential.

Latest developments on NVIDIA Corporation

NVIDIA Corp stock price movements today have been influenced by various key events. The stock surged after Microsoft reassured investors about the pace of AI buildout, leading to a 13% jump. Top analysts included NVIDIA stock on their key list following a $500 million slump. Additionally, Nancy Pelosi increased her stake in NVIDIA while reducing her holdings in Microsoft before Q4 earnings. Competitor AMD’s strong results also contributed to NVIDIA’s 12% surge. The company’s involvement in accelerating humanoid robotics development and collaborating with Zoox for autonomous ride-hailing further boosted investor confidence. Overall, NVIDIA Corp‘s stock price volatility has outpaced Bitcoin and Ether, making it a top pick for many investors.

NVIDIA Corporation on Smartkarma

Analysts on Smartkarma have mixed views on NVIDIA Corp‘s future prospects. Robert McKay‘s bearish report highlights deficiencies in NVIDIA’s AI accelerator dominance in China, pointing to potential challenges ahead. On the other hand, Baptista Research’s bullish outlook emphasizes NVIDIA’s innovative AI-driven products and advancements, such as the “Blackwell” chip series, which promise improved processing speed and efficiency. William Keating’s bearish report raises concerns about NVIDIA’s ability to maintain its market cap dominance in the face of increasing competition in the data center space. The Circuit’s bullish report discusses the sustainability of NVIDIA’s growth and its valuation surpassing $3 trillion, sparking debates about its place in the tech industry. Lastly, Uttkarsh Kohli’s bullish report highlights the success of mega-cap tech stocks like NVIDIA in the AI-driven market rally, contrasting with smaller tech firms’ struggles to capitalize on AI earnings potential.

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 focus on developing and marketing 3D graphics processors and software for the mainstream PC market has contributed to its strong growth score.

While NVIDIA Corp received lower scores in Value and Dividend, its high scores in Resilience indicate a strong ability to withstand economic challenges. Overall, the company’s strong performance in Growth and Momentum factors suggest a promising future for investors looking to capitalize on the company’s innovative products and market position.

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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