|Bid||159.65 x 1400|
|Ask||159.84 x 800|
|Day's Range||156.88 - 161.54|
|52 Week Range||124.46 - 292.76|
|Beta (3Y Monthly)||2.52|
|PE Ratio (TTM)||30.12|
|Earnings Date||Nov 13, 2019 - Nov 18, 2019|
|Forward Dividend & Yield||0.64 (0.39%)|
|1y Target Est||182.07|
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included tech leaders and a retail colossus. Bearish calls also included tech giants, as well as ...
Nvidia Corp. headed back toward a $100 billion market cap Friday morning, after detailing earnings that showed its core business is back on track after a crypto-mining-influenced crash over the past year.
On a day stocks bounced back, NVIDIA shares rose after the company reported a strong quarter, as did those of Deere despite challenges in the agricultural industry.
U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week. Germany's coalition government is willing to suspend its balanced budget rule and take on debt, according to Der Spiegel magazine, raising hopes that Europe's largest economy could steer itself away from recession and cooling worries over a global economic slowdown. David Carter, chief investment officer at Lenox Wealth Advisors in New York, agreed, but added that underlying anxieties remain.
U.S. stocks ended a wild week on an upbeat note, as the Dow Jones Industrial Average posted a 300-point gain and other major indexes followed suit. Yields on U.S. 10-year notes rose, easing some immediate concerns over the inversion of the U.S. yield curve and providing a boost to financials. On Wednesday, the Dow fell 800 points after longer term notes began yielding less than short-term treasuries, traditionally viewed as a sign of impending economic recession.
As both Nvidia and AMD compete to create the next best AI and cloud computing GPUs, the tech is only going to proliferate in performance and both companies stand to gain.
NVIDIA (NVDA) stock soared 6% in today’s trading session as its Q2 earnings for fiscal 2020 beat estimates. However, its guidance missed estimates.
Stocks got a boost after a report that Germany's government would be prepared to ditch its balanced budget rule and take on new debt to counter a possible recession. "Germany is now telling us that we are going to have to move forward and spend at a deficit in an effort to keep our economy and the broader economy afloat," said Yousef Abbasi, global market strategist at INTL FCStone Financial Inc in New York.
The rhetoric regarding the inherent war between central processing unit makers Intel (NASDAQ:INTC) and Advanced Micro Devices (NASDAQ:AMD) has taken on a clear flavor of late. Intel, and by extension INTC stock, is in trouble.Source: JHVEPhoto / Shutterstock.com Underscoring that paradigm of late is last week's official launch of AMD's new server chip, EPYC Rome. It's not only the world's first 7-nanometer processor, but the rumor is that some big names like Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) are already using the high-powered tech. Intel's first 7-nanometer hardware is still a couple years off.Oh yeah -- the EPYC Rome CPU is also considerably cheaper than Intel's most comparable data center processor chip line call Xeon.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPast the sheer fascination with the fact that Advanced Micro Devices seemingly came back from the dead to leapfrog the dominant name in server chip technology, however, lies another reality. As impressive as EPYC Rome may be, Intel's still got something bigger and better in the works. Not Your Father's IntelThere's no denying it. Intel got caught being lazy and complacent. Advanced Micro Devices was supposedly a has-been, leaving the CPU market wide open for Intel. Since Lisa Su took the helm in 2014, AMD is back from the dead. * 10 Cheap Dividend Stocks to Load Up On Nothing lights a fire under a company like a little pressure though.Granted, research and development of technologies like computer processors is neither cheap, nor quick. Intel is still working on an effective answer to the 2016 launch of AMD's Ryzen CPU line, which offers almost as much computing power as Intel's comparable wares at the time, and at a much lower price. In the meantime, Intel continues to chase other debuts of Advanced Micro Devices hardware, though not necessarily all of them. Intel isn't looking to respond to AMD's "Threadripper" CPU.The launch of AMD's EPYC 7002 series of 7-nanometer server processors earlier this month underscored the depth of Intel's distance behind AMD. After multiple delays, Intel doesn't expect to offer its first 7-nanometer processor until 2021.It's all very unlike Intel. This Competition May Not MatterMuch of the value of technological breakthroughs like 7-nanometer CPUs is leveraging them as publicity tools. Undoubtedly, Advanced Micro Devices has gotten much mileage from being able to say it was the first to reach the 7-nanometer milestone.Companies and consumers alike just want solutions that work well, however they work.Even with its less-thrilling 14-nanometer "Coffee Lake" processors and its 10-nanometer "Ice Lake" CPUs, Intel is making highly marketable products right now.Admittedly, with the inherently slower speeds of 10-nanometer processors, Intel has to do everything else right on a computer's or server's (or a tablet's or a smartphone's) main board to extract comparable performance. But, it is doing that. Its Project Athena, for instance, is an overarching effort to make laptops and mobile devices faster not with a more powerful CPU, but by building a device from the ground up with speed and performance in mind.The device has already mapped out how it can best handle multiple files and apps, for instance.AMD hasn't thought as much beyond the development of a powerful processor. In fact, it may not have even given fully adequate thought to the development of its 7-nanometer tech. Did AMD Rush 7-Nanometer Development?It's only anecdotal, but a closer look at the performance of AMD's Ryzen 3000 series suggests not every core of the CPU is reaching the advertised operating speed.Some are wondering if AMD's rush to get a 7-nanometer chip on the market could be the culprit. Others are wondering if 7-nanometer tech is even worth the effort. As ExtremeTech's Joel Hruska wrote late last month, "Higher silicon variability [stemming from the 7-nanometer foundry process] is going to demand a response from software. The entire reason the industry has shifted towards chiplets is that building entire dies on 7nm is seen as a fool's errand…"If that's the case for other 7-nanometer hardware like the EPYC Rome, the actual performance of these new devices may disappoint some users.According to Hruska, the physical limitations involved in manufacturing silicon-based CPUs cause the bulk of the performance bottleneck. He says that future performance improvements won't come on the hardware fronts.That bodes well for Intel's Project Athena, which aims to address more feasible performance enhancements. The Bottom Line for INTC StockDon't misread the message: Intel dropped the ball. It's also willingly wading into projects that have a questionable payoff.It's already competing with AMD on the CPU front. Intel has recently begun work on discrete graphics cards that will go up against Advanced Micro Devices' graphics processing units as well as those made by Nvidia (NASDAQ:NVDA). The company is also planning a line of dedicated gaming PCs through a program currently called Phantom Canyon. There's an established market for both, but neither are necessarily aligned with Intel's core competencies. As such, they may prove more distracting than fruitful.Still, Intel is hardly being forced into the retreat mode some investors and pundits have suggested.That doesn't make INTC stock bulletproof -- market-wide weakness could still inflict damage. Assuming the global economy doesn't slip into a full-blown recession though, dips like the one Intel stock just made could continue to be great entry points.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Intel Lost the 7-Nanometer Battle, But INTC Stock Is Still a Buy appeared first on InvestorPlace.
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. NVIDIA (NASDAQ: NVDA ) shares were up 5.7% ...
Wall Street gave a boost to Nvidia and other semiconductor designers in late morning trade in the stock market.
NVIDIA Corporation (NASDAQ: NVDA ) shares jumped 6.7% on Friday after the company reported better-than-expected earnings and revenue in the second quarter. Despite a 17% drop in sales compared to a year ...
On Aug. 15, Nvidia (NASDAQ:NVDA) reported Q2 of fiscal 2020 earnings. Investors overall seemed pleased with the results. After hours, NVDA stock went up over 5% to close at $157.09.Source: Shutterstock Today, let us take a closer look at Nvidia stock's results to see if long-term investors may find value in NVDA shares around these levels. Nvidia Stock's Q2 EarningsNvidia is a pioneering maker of graphics processing units for gaming and professional markets. NVDA sells two main products: graphics processing units (GPU) and Tegra processors. GPUs accelerate central processing units (CPUs), boosting the performance of video and graphics and improving computers' overall output.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Dividend Stocks to Load Up On Analysts are concerned about the recent slowdown in the chip sector coupled with worries over U.S.-China trade wars. However, globally there are important growth areas, such as artificial intelligence (AI), autonomous vehicles, 5G, as well as high-performance computing and gaming. These technologies depend on the bigger graphics processing capabilities of Nvidia, Intel (NASDAQ:INTC) and Advanced Micro Devices (NASDAQ:AMD). All three companies work hard to gain market share.During the quarter, NVDA stock's revenue rose 16.2% sequentially but fell 17.4% year-over-year (YoY) to $2.58 billion. Similarly, the adjusted EPS rose 40.9% sequentially but fell 36.1% YoY to $1.24.In Q2, Wall Street was expecting Nvidia to report revenue of $2.55 billion and adjusted EPS of $1.15.Over the past several quarters, Nvidia stock has experienced a steep decline in revenues post-crypto bust. Therefore, the better-than-expected results pushed up the stock price after hours.Nvidia stock is trading at a forward PE ratio of almost 29. In comparison, Intel stock's forward PE stands at about 11. Therefore, going forward, shareholders will want NVDA management to deliver even stronger results so that the stock price warrants the rich valuation metric. How NVDA Stock's Important Segments ReportedIn the earnings report, analysts paid attention to five segments that drive its revenues: gaming, data center, professional visualization, automotive, and edge computing.For years, NVDA has been a leader in the competitive graphics-card market. However, in recent months the battle for market share between Nvidia and AMD in that segment has intensified. As AMD launches its Navi cards, AMD's GPUs will likely take market share from NVDA in the video-game chip sector.Similarly, data center competition from Intel has increased. Nvidia recently spent $6.9 billion to buy the data center networking company Mellanox. In other words, Nvidia is telling the markets that it is not just going to be a GPU company any more.In Q2 the group's revenue data center revenue rose 3.3% sequentially but fell 13.8% YoY to $655 million. Nvidia's data center business revenue missed analysts' consensus estimate of $668.5 million.Gaming accounts for about 40% of Nvidia's total revenue. NVDA stock's sales from the gaming segment went up by 24.5% sequentially but fell 27.3% YoY to $1.31 billion. Nonetheless, the segment revenue beat the consensus estimate of $1.3 billion.In recent months, investors have been worried about the company's growth outlook, which is mostly based on its GPUs for gaming and artificial-intelligence servers. Nvidia's EPS and Nvidia stock price are very closely linked to the sales trends of its GPUs.For Q3, NVIDIA expects to book revenue of $2.9 billion, plus or minus 2%. That number is below the projected $2.98 billion for the quarter. Nvidia Stock Technical Charts Signal More VolatilityOn Aug. 15, before reporting Q2 earnings, NVDA stock closed at $148.77. Over the past year, Nvidia stock price is down about 40%, and the shares have been quite volatile. Its 52-week range has been $124.46-$292.76.As a result, the technical outlook of NVDA stock has been damaged. Its short-term chart still looks weak, and Nvidia stock price looks poised to exhibit even further volatility in the near-term.NVDA's momentum indicators, which describe the speed at which stock prices move over a given time period, have been in oversold territory for some time. Therefore, a relief rally is expected and likely to come following the quarterly results. My initial expectation is for NVDA stock to race toward $170, where it is likely to have significant resistance.However, a couple of day's move does not make a definite trend. More buy signals based on momentum indicators need to be conﬁrmed before Nvidia stock can become a long-term buy from a technical standpoint.It is important to remember that Nvidia is a momentum stock. Therefore, if you are worried about what would be a viable entry point into NVDA shares, I'd suggest that long-term investors wait until Nvidia stock builds a firm base between $165 and $145.If you already own Nvidia shares, you may consider hedging your position with monthly ATM covered calls. Such a strategy would enable you to benefit from an upside move and give some protection in case of profit-taking after the initial move up following the results.If the current trade tensions are swiftly resolved and the broader markets rally, Nvidia stock price could easily continue its rebound. In that case, the technical charts would need to be reevaluated. Bottom Line on Nvidia StockDespite the semiconductor industry's headwinds and cut-throat competition from AMD, there is strong demand for Nvidia's graphics processors, for use not only in video games but also in data centers and work stations. Industry experts also regard NVDA as a top player in the AI chip space, and its graphics chips are highly sought after for use in deep-learning applications.Nvidia is also exploring smart-city solutions, which exploit its proficiency in artificial intelligence and data analytics. In other words, the company is somewhat shifting its focus from processors to providing the full technical backbone for AI ecosystems. As the use of artificial intelligence and machine learning continues to rapidly grow, NVDA's AI business could expand exponentially.However, given the volatility of Nvidia stock price over the past year due to the ongoing questions about the fundamentals of the company and its sector, I would urge investors to be cautious about NVDA stock.The U.S.-China trade war has not helped NVDA, either, as China accounts for nearly a quarter of Nvidia's sales. The headwinds of the sector make many analysts wonder whether NVDA can, in the near future, regain the kind of rapid and sustained growth that investors got used to in recent years.Although Nvidia stock will likely reward long-term investors, tech stocks may remain volatile over the next few weeks. A couple of negative macro or global news headlines may drive the Nvidia stock price down. If that occurs, long-term investors will be given a better entry point in Nvidia stock.As of this writing, Tezcan Gecgil hold INTC covered calls (Aug. 23 expiry). More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post What to Know Before Jumping Into Nvidia Stock appeared first on InvestorPlace.
Strong growth in automotive revenues boosts NVIDIA's (NVDA) second-quarter fiscal 2020 results. Moreover, sequential improvement across all its end-markets is a tailwind.