NVIDIA Corporation’s Stock Price Takes a Hit, Plunging to $104.49 – A Sharp 6.87% Decline

NVIDIA Corporation (NVDA)

104.49 USD -7.71 (-6.87%) Volume: 393.3M

NVIDIA Corporation’s stock price currently stands at 104.49 USD, experiencing a significant drop of -6.87% this trading session with a trading volume of 393.3M, reflecting a year-to-date decline of -22.19%, underlining the volatility and potential investment risks in the tech sector.

Latest developments on NVIDIA Corporation

Today, NVIDIA Corp stock price movements are under scrutiny as global tech stocks drop following ASML’s warning, adding to the curbs faced by NVIDIA. The company announced plans to manufacture American-made AI supercomputers in the US for the first time, but faces challenges with a $5.5 billion charge due to new export restrictions to China. Analysts are revisiting stock price targets amidst the US crackdown on chip sales to China, causing NVIDIA’s stock to sink. With ongoing trade war tensions impacting tech giants like NVIDIA, the market is closely monitoring the company’s performance amid these challenges.

NVIDIA Corporation on Smartkarma

Analysts on Smartkarma have differing views on NVIDIA Corp‘s future outlook. Nico Rosti, with a bearish lean, highlighted the impact of a $5.5 billion hit due to US restrictions on H20 AI chips for China, potentially leading to revenue losses and benefiting Chinese competitors like Huawei. On the other hand, Baptista Research, with a bullish stance, discussed how NVIDIA plans to fight back against tariffs imposed by President Trump, showcasing resilience in the face of challenges in the semiconductor sector.

In a recent report by Andrew Jackson, a bullish sentiment was expressed regarding NVDA’s performance. Despite a ‘Quantum Day’ that failed to meet expectations, Micron beating guidance and positive outlook from Shibaura Mechtronics were highlighted as potential positives for related companies. Baptista Research also discussed NVIDIA’s recent impressive financial results, emphasizing its dominance and growth in the data center and AI markets, showcasing the company’s resilience amidst market volatility.

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 a positive long-term outlook, with high scores in Growth, Resilience, and Momentum. The company is rated highly in terms of its ability to grow and adapt to market changes, as well as its momentum in the market. This suggests that NVIDIA Corp is well-positioned for future success and continued growth in the industry.

While NVIDIA Corp may not score as high in Value and Dividend, its strong ratings in Growth, Resilience, and Momentum indicate that the company is focused on innovation and staying competitive in the market. With a focus on designing and developing 3D graphics processors and related software, NVIDIA Corp continues to provide interactive 3D graphics to the mainstream personal computer market, positioning itself as a key player in the industry.

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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