NVIDIA Corporation’s stock price soars to $129.93, marking a robust 5.63% increase

NVIDIA Corporation (NVDA)

129.93 USD +6.93 (+5.63%) Volume: 325.95M

NVIDIA Corporation’s stock price soars to $129.93, marking a significant trading session gain of +5.63%, with a robust trading volume of 325.95M, despite a YTD percentage change of -3.25%, reflecting the dynamic performance of NVDA’s stock in the market.

Latest developments on NVIDIA Corporation

NVIDIA Corp‘s stock price surged today as the company secured a deal to sell over a million advanced chips to Saudi Arabia for AI data centers. This news comes amidst reports that the US is considering allowing the UAE to purchase a significant number of NVIDIA chips. Additionally, President Trump is set to rewrite AI chip curbs that have been criticized by NVIDIA and its US allies. These developments have propelled NVIDIA back into the $3 trillion-market-cap club, with the company’s stock surging 5% amid a flurry of trade news. The partnership with Saudi Arabia is expected to boost NVIDIA’s presence in the AI market, further solidifying its position as a leader in the industry.

NVIDIA Corporation on Smartkarma

Analysts on Smartkarma have provided mixed coverage on NVIDIA Corp. Nicolas Baratte‘s bullish report highlights that hyperscalers are maintaining or increasing Capex, which is positive for NVIDIA and TSMC. On the other hand, Baratte’s bearish report discusses how US export restrictions on selling GPUs to China are impacting NVIDIA’s stock. Additionally, Nico Rosti’s bearish outlook focuses on NVIDIA facing a $5.5 billion hit due to US restrictions on its H20 AI chips for China. Despite these challenges, Baptista Research’s bullish report details how NVIDIA plans to fight back against tariffs affecting the semiconductor sector.

Furthermore, The Circuit’s bearish view on NVIDIA’s recent conference suggests an “identity crisis” for the company, with attendees feeling disillusioned about the hype surrounding its AI technology offerings. With a mix of bullish and bearish sentiments from different analysts, investors must carefully consider the various factors influencing NVIDIA’s performance in the market.

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 for NVIDIA Corp, the company has a strong outlook for long-term growth. With a high score of 5 in Growth, it indicates that the company is expected to see significant expansion and development in the future. Additionally, NVIDIA Corp also scored well in Resilience with a score of 4, suggesting that the company is well-equipped to withstand challenges and economic downturns. This indicates a positive long-term outlook for the company.

Although NVIDIA Corp scored lower in Value and Dividend with scores of 2, as well as Momentum with a score of 3, the overall outlook for the company remains positive. With a focus on growth and resilience, NVIDIA Corp is positioned well for future success in the market. The company’s specialization in 3D graphics processors and related software for the mainstream personal computer market further solidifies its potential for long-term success.

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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