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NASDAQ:NVDA

NVIDIA (NVDA) Stock Forecast, Price & News

$390.06

+11.72 (+3.10%)

(As of 10:57 AM ET)

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Today's Range: $383.40
▼
$392.89
50-Day Range: $262.41
▼
$401.11
52-Week Range: $108.13
▼
$419.38

Volume: 23.48 million shs
Average Volume: 48.50 million shs
Market Capitalization: $963.45 billion

P/E Ratio: 203.16
Dividend Yield: 0.04%
Price Target: $381.08

NVIDIA MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.81 Rating Score
Upside/Downside: 0.7% Upside
$381.08 Price Target
Short Interest: Healthy
1.17% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -1.26
Upright™ Environmental Score
News Sentiment: 0.42
Based on 196 Articles This Week
Insider Trading: Selling Shares
$47.69 M Sold Last Quarter
Proj. Earnings Growth: 37.25%
From $3.49 to $4.79 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.74 out of 5 stars

Computer And Technology Sector

69th out of 621 stocks

Semiconductors & Related Devices Industry

12th out of 89 stocks

2.4

Analyst's Opinion

Consensus Rating
NVIDIA has received a consensus rating of Buy. The company's average rating score is 2.81, and is based on 29 buy ratings, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $381.08, NVIDIA has a forecasted upside of 0.7% from its current price of $378.34.
Amount of Analyst Coverage
NVIDIA has been the subject of 23 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
1.17% of the outstanding shares of NVIDIA have been sold short.
Short Interest Ratio / Days to Cover
NVIDIA has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in NVIDIA has recently decreased by 11.56%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
NVIDIA has a dividend yield of 0.04%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
NVIDIA does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of NVIDIA is 8.33%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, NVIDIA will have a dividend payout ratio of 3.34% next year. This indicates that NVIDIA will be able to sustain or increase its dividend.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
NVIDIA has received a 28.13% net impact score from Upright. Nvidia seems to create the most significant positive value in categories "Taxes", "Jobs", and "Creating knowledge". The positive contribution in the "Creating knowledge" impact category is mostly driven by its "IoT software", "Supercomputing services", and "Supercomputers" products. See details.
Environmental Sustainability
The Environmental Impact score for NVIDIA is -1.26.

3.0

News and Social Media Coverage

News Sentiment
NVIDIA has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 196 news articles for NVIDIA this week, compared to 24 articles on an average week.
Search Interest
854 people have searched for NVDA on MarketBeat in the last 30 days. This is an increase of 61% compared to the previous 30 days.
MarketBeat Follows
297 people have added NVIDIA to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, NVIDIA insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $47,689,110.00 in company stock.
Percentage Held by Insiders
Only 3.99% of the stock of NVIDIA is held by insiders.
Percentage Held by Institutions
61.80% of the stock of NVIDIA is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for NVIDIA are expected to grow by 37.25% in the coming year, from $3.49 to $4.79 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NVIDIA is 197.05, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 127.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of NVIDIA is 197.05, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 297.24.
Price to Earnings Growth Ratio
NVIDIA has a PEG Ratio of 4.99. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
NVIDIA has a P/B Ratio of 38.10. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About NVIDIA (NASDAQ:NVDA) Stock

NVIDIA Corporation ranks among the world’s leading microchip manufacturers and is best known for its contributions in the fields of graphics and gaming. Its chips and related software power the fastest, highest-resolution graphics and are featured in a line of products that include solutions for all end-market uses. Along with gaming, NVIDIA microchips are used in visualization, datacenter, AI, and autonomous vehicles just to name a few.

NVIDIA was founded in 1993 by three friends and is headquartered in Santa Clara, California. The company was intended to focus on chips for the budding gaming and entertainment industry that was spawned by the rise of the personal computer and the Internet. At the time of its founding, there were less than 30 graphics-focused independent operators and that figure would more than double over the next few years.

NVIDIA launched its first product in 1995 called the NV1 and paved the way for 3-D games like Sega’s Virtual Fighter. The next big break came in 1996 with the launch of Microsoft DirectX Drivers which changed how Windows interfaced with games. The next year, in 1997, the company will release the world’s first 128-bit 3-D processor. It quickly gains acceptance gaming OEMs and more than 1 million units are shipped the first four months. Later, in 199, the company will invet the GPU and change the world of computing forever. The GPU will not only enhance the graphics capabilities of the PC but lead to accelerated-computing and AI as well. NVIDIA also held its IPO that same year.

Founders Jensen Huang and Chris Malachowsky are still in leadership positions. Mr. Huang has served as the company’s CEO, president, and board member since the company’s founding. Mr. Malachowsky serves as a member of the company’s executive staff and is a senior technology executive.

Today, NVIDIA Corporation is the only remaining independently operating graphics-focused microchip company in operation. The company’s business has evolved from the core gaming-oriented business to include graphics-oriented computing, and networking solutions in the United States, Taiwan, China, and internationally but gaming is still a pillar of the business.

NVIDIA’s Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and software solutions for gaming platforms. The company also offers the Quadro/NVIDIA RTX GPUs for enterprise-level workstation graphics, the vGPU software for cloud-based visual and virtual computing, and entertainment platforms for OEM auto manufacturers, and Omniverse software for 3-D world-building.

NVIDIA’s Compute & Networking segment provides a wide range of solutions for interconnect, AI/autonomous driving, cryptocurrency mining, robotics, Data Center platforms and accelerated computing. Products include Mellanox for networking and interconnect, Jetson for robotics and embedded applications, and AI Enterprise software among others.

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NVDA Stock News Headlines

June 1, 2023 | marketbeat.com

C3.AI's Lukewarm Earnings: Failing to Cash in on AI Boom? (NVDA)

C3.ai disappoints with lukewarm earnings and shares dropped 20%. Amidst AI hype, its stagnant sales and guidance raise questions about the stock as an AI play.

May 31, 2023 | marketbeat.com

A.I. ETF Sold Out Of Monster Energy, Three Ways To Look At It (NVDA)

Monster Energy shareholders may be disappointed by the news of AMOM ETF dumping its position,further analysis will show it is still the best name in the sector

June 1, 2023 | Edge On The Street (Ad)

AI Getting Close to Thinking Like Humans

Technology experts working with neuroscientists have created the world's first Artificial Intelligence Network Operating System. AI can now process information like the human brain and understand the world the way humans do.

May 31, 2023 | marketbeat.com

Micron Technology Sees Chip Recovery by the End of 2023 (NVDA)

Memory and storage chip giant Micron Technology Inc. (NYSE: MU) stock has fallen (-46%) in 2022. Dynamic random access memory (DRAM) chip demand has been weak.

May 31, 2023 | marketbeat.com

The Most Upgraded Stocks From The Q1 Earnings Season

The winners from Q1 earnings season continue to attract higher price targets from the analysts and that is driving the market higher.

May 31, 2023 | marketbeat.com

Don’t Discount The AI Potential Of Ambarella; Buy On The Dip (NVDA)

Ambarella's Q1 results and guidance were insufficient to spark a rally and may lead to range-bound trading in 2023 despite the shift to AI.

May 31, 2023 | marketbeat.com

Cadence Design Gains 12% As AI Excitement Boosts Chip Stocks (NVDA)

Cadence Design benefited from the AI frenzy in May, following Nvidia's impressive quarterly report. Investors rewarded Cadence for its AI potential.

May 31, 2023 | marketbeat.com

Can Earnings Narrow The Value Gap In Hewlett Packard? (NVDA)

Hewlett Packard shares are trading lower after the company announces its second-quarter earnings-. There seems to be a disconnect between results and valuations

June 1, 2023 | Edge On The Street (Ad)

AI Getting Close to Thinking Like Humans

May 31, 2023 | marketbeat.com

KLA Shares Soars As Chip Equipment Makers Surge 21% In May (NVDA)

With a cup-shaped base breakout and strong earnings growth, KLA is a dominant player in the chip equipment market. It recently announced an EV initiative.

May 30, 2023 | marketbeat.com

AI Chip Stock Showdown: The Biggest Winners and Losers (NVDA)

We putt Nvidia, Taiwan Semiconductor, and Intel against each other and pick the winners and losers of the AI revolution in the semiconductor market.

May 30, 2023 | marketbeat.com

Keep An Eye On These 5 Small-Cap AI Companies (NVDA)

Amidst the rising wave of AI applications and widespread adoption, five promising small-cap AI companies are at the forefront of this new technology.

June 1, 2023 | msn.com

Nvidia CEO feels safe relying on Taiwan for chips

June 1, 2023 | msn.com

AI Stock Rally Stalls as Nvidia Drops Back Below $1 Trillion