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NVIDIA Corporation’s Stock Price Soars to $143.71, Marking a 4.14% Increase: A Strong Investment Opportunity

By October 22, 2024 No Comments

NVIDIA Corporation (NVDA)

143.71 USD +5.71 (+4.14%) Volume: 261.78M

NVIDIA Corporation’s stock price soars at $143.71, marking a significant trading session increase of +4.14% with an impressive trading volume of 261.78M. Year-to-date, NVDA’s robust performance showcases a stunning +190.19% increase, solidifying its position in the market.


Latest developments on NVIDIA Corporation

NVIDIA Corp stock price has been on a rollercoaster ride recently, with key events shaping its movements. Veteran fund managers reset their price targets after supplier updates, while insiders sold amidst Blackwell GPU delays and stock surges. The chip giant’s partnership with a startup for healthcare AI adoption garnered investor attention, as did its dominance in the AI chip market. With a market cap nearing $3.5 trillion and analysts bullish ahead of earnings, NVIDIA’s stock hit all-time highs. Speculation on reaching a $4 trillion market cap and potential chip export caps added to the frenzy, making NVIDIA a hot commodity for investors eyeing generational opportunities.


NVIDIA Corporation on Smartkarma

Analyst coverage of NVIDIA Corp on Smartkarma has been positive overall. Baptista Research published a report titled “NVIDIA’s ‘Insane’ Blackwell Demand & The New NVLM Model – Can It Redefine AI Computing in 2025?” with a bullish sentiment, highlighting the company’s significant leap in AI computing with its latest Blackwell GPU. Another report by Baptista Research, “Is NVIDIA’s Unstoppable AI Growth About to Hit a Wall?”, also expressed bullish sentiment, citing the company’s stellar financial achievements and unprecedented growth in the Data Center segment.

On the contrary, analyst Brian Freitas provided a bearish outlook in a report titled “Select Sector Indices: Inflows to Apple, Palantir, Dell Will Add to SPX Buying”, suggesting selling opportunities for NVIDIA shares. Another report by Freitas, “Select Sector Indices – Updated Flows as Round-Trip Trade Hits US$35bn”, reiterated a bearish sentiment, indicating that NVIDIA would be sold as part of the proposed changes to the S&P indices. Overall, the analyst coverage on Smartkarma provides a varied perspective on the future performance of NVIDIA Corp.


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

Based on the Smartkarma Smart Scores, NVIDIA Corp has a promising long-term outlook. With high scores in Growth and Momentum, the company is expected to see strong expansion and positive market performance in the future. Additionally, its Resilience score indicates a solid ability to withstand economic challenges. While the Value and Dividend scores are lower, the overall outlook for NVIDIA Corp remains positive, especially for investors looking for growth opportunities.

NVIDIA Corporation is a company that specializes in designing, developing, and marketing 3D graphics processors and related software. Their products cater to the mainstream personal computer market, providing interactive 3D graphics. With a focus on innovation and technological advancements, NVIDIA Corp has been able to maintain a strong position in the market, as reflected in its high scores for Growth and Momentum. Investors can expect continued growth and market performance from this company in the long term.


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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