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NVIDIA Corporation’s Stock Price Dips to $141.95, Reflecting a 3.22% Drop: A Comprehensive Analysis

By November 23, 2024 No Comments

NVIDIA Corporation (NVDA)

141.95 USD -4.72 (-3.22%) Volume: 234.58M

NVIDIA Corporation’s stock price stands at 141.95 USD, experiencing a dip of 3.22% this trading session with a trading volume of 234.58M, yet showcasing a robust YTD growth of 186.34%, reflecting its strong market performance.


Latest developments on NVIDIA Corporation

NVIDIA Corp recently announced its financial results for the third quarter of fiscal 2025, with record revenue and strong demand for its AI technology driving impressive earnings. Despite supply chain challenges limiting deliveries, the company’s new chip remains on track, soothing investor concerns. Analysts have raised price targets, with Stifel optimistic about AI growth and Truist highlighting a strong outlook. The stock saw a surge post-earnings, with Jim Cramer doubling down on the company’s potential in the AI market. While some analysts express worries about slowing growth, others see Nvidia’s position as the most profitable company ever, with a bright future ahead.


NVIDIA Corporation on Smartkarma

Analysts on Smartkarma have provided diverse insights on NVIDIA Corp. Douglas O’Laughlin‘s report highlighted that NVIDIA’s Q3 earnings and guidance fell short of buy-side expectations, while Nicolas Baratte pointed to the potential revenue growth from Blackwell architecture chips. Baptista Research raised concerns about overheating issues in Blackwell chips, impacting NVIDIA’s AI revolution. Additionally, Baptista Research discussed the risks NVIDIA faces amid escalating tensions between the U.S., Taiwan, and China. Joe Jasper’s report focused on a bullish outlook for large and mid-cap stocks, with the market showing positive dynamics.


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 high scores in Growth and Momentum, the company is positioned for strong performance in the future. Its products cater to the mainstream personal computer market, providing interactive 3D graphics.

While NVIDIA Corp scores lower in Value and Dividend, it excels in Resilience, indicating a solid foundation for weathering market fluctuations. Overall, the company’s high scores in Growth and Momentum suggest a promising future ahead, despite some areas for improvement in terms of value and dividend offerings.


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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