NVIDIA Corporation’s stock price skyrockets to $135.34, marking a robust 4.16% increase

NVIDIA Corporation (NVDA)

135.34 USD +5.41 (+4.16%) Volume: 277.65M

NVIDIA Corporation’s stock price is currently standing at 135.34 USD, showcasing a promising growth by 4.16% this trading session. With a trading volume of 277.65M, the stock marks a year-to-date percentage change of +0.78%, making NVDA a noteworthy player in the tech sector for potential investors.

Latest developments on NVIDIA Corporation

NVIDIA Corp‘s stock price movements today have been influenced by key events, including the company’s major AI chip deal with Saudi Arabia’s HUMAIN, which has boosted investor confidence and led to a surge in stock prices. The Trump administration’s plans to rewrite AI chip curbs have also been welcomed by NVIDIA and its US allies, further contributing to the positive market sentiment. Additionally, NVIDIA-backed CoreWeave beating first-quarter revenue estimates and receiving accolades at COMPUTEX have added to the company’s positive momentum. With CEO compensation jumping to $50 million after a stock surge and the company expanding AI horizons with Saudi Arabia partnerships, NVIDIA Corp continues to make significant strides in the AI and technology sector, positioning itself as a top technology stock for long-term investment.

NVIDIA Corporation on Smartkarma

Analysts on Smartkarma have differing views on NVIDIA Corp‘s outlook. Nico Rosti‘s report on the $7B AI chip deal with Saudi Arabia suggests that the stock is overbought, despite the positive news. On the other hand, Nicolas Baratte’s bullish report highlights the positive impact of hyperscalers maintaining or increasing Capex on NVIDIA and TSMC. However, Baratte’s bearish report on Huawei’s new AI chip raises concerns about US export restrictions affecting NVIDIA’s stock performance. Additionally, Baptista Research discusses how Nvidia is tackling tariffs in the semiconductor sector amidst trade tensions.

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 a high Growth score of 5, the company is expected to experience strong expansion in the future. This is complemented by a Resilience score of 4, indicating that NVIDIA Corp is well-positioned to withstand market challenges and economic downturns. Additionally, the company scored a Momentum score of 3, suggesting that it has positive momentum in the market.

Although NVIDIA Corp received lower scores in Value and Dividend (2 each), the company’s overall outlook remains favorable. With its focus on designing and developing 3D graphics processors, NVIDIA Corp continues to provide innovative products to the mainstream personal computer market. Investors may find potential in the company’s growth prospects and resilience in the face of market uncertainties.

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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