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Stock Charts AI Power Rank: 7.8
Power Rank trending -> DOWN

Last Price: 118.11 - Change: -8.46 - Change %: -6.684
06/24/2024 16:14:00 EST

NVIDIA Corporation (NVDA)

Industry: Semiconductors

Price Support Resistance

In the past 20 trading days, NVDA has been trading in a range between $135.58 and $106.46 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

NVDA is trading below resistance at $135.58, about 15% to the upside. There is support at $90.36 -23% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

NVIDIA Corporation $NVDA entered a Green zone 36 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $906.95, a potential upside of 667.89% from the recent price of 118.11. The stock is trading 19.18% (potential upside) below its 52 week high of $140.76 and 201.15 % (potential downside) above its 52 week low of $39.22 - based on the recent price.

Company Summary

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications. The Compute & Networking segment comprises Data Center computing platforms and end-to-end networking platforms, including Quantum for InfiniBand and Spectrum for Ethernet; NVIDIA DRIVE automated-driving platform and automotive development agreements; Jetson robotics and other embedded platforms; NVIDIA AI Enterprise and other software; and DGX Cloud software and services.

NVDA Website

News

Nasdaq Index, Dow Jones, S&P 500 News: Nvidia Rebounds 3% as Tech Sector Eyes Recovery
S&P 500 Index traders anticipate sector rotation continuation, with value stocks potentially outperforming growth in near-term market conditions.
Source: FXEmpire
Tue, 25 Jun 2024 08:34:08 -0400
Sentiment: Positive
Nvidia Sells Off After Reaching New Highs; Is The Stock A Buy Now?
Nvidia stock is falling fast after recently reaching all-time highs. The leading AI stock has lost 16% in three days of sharp selling.
Source: Investors Business Daily
Tue, 25 Jun 2024 08:00:31 -0400
Sentiment: Positive
Nvidia Stock Won't Fall Forever — What Analysts Think It's Worth
Nvidia's stock keeps dropping this week — adding to a massive hit to the S&P 500. But analysts think the selling is overdone.
Source: Investors Business Daily
Tue, 25 Jun 2024 08:00:31 -0400
Sentiment: Negative
College dropouts raise $120 million to take on Nvidia's AI chips
A team founded by college dropouts has raised $120 million from investors led by Primary Venture Partners to build a new AI chip to take on Nvidia. Etched CEO Gavin Uberti said the startup is betting that as AI develops, most of the technology's power-hungry computing requirements will be filled by customized, hard-wired chips called ASICs.
Source: CNBC
Tue, 25 Jun 2024 08:00:01 -0400
Sentiment: Positive
Nasdaq, S&P 500 Futures Firm Up As Nvidia Poised To Lead Tech Rebound: Expert Says 'A Major Gaffe By One Of The Candidates' In Presidential Debate Could Alter Market Trajectory
The U.S. stocks could be primed for another mixed session on Tuesday, with techs looking poised for a bounce back from the previous session's losses. Nvidia Corp. NVDA could lead from the front, with the stock climbing over 2% in the premarket.
Source: Benzinga
Tue, 25 Jun 2024 07:34:42 -0400
Sentiment: Positive
Instituions Institution %: 67.643
Last QTR Institution change: 74228

Insiders
Insiders %: 4.317
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 1642370
Insiders Net last QTR: -1642370

Analyst Ratings
Target Price: 906.95
Overall Rating: 4.6909
Strong Buys (5): 42
Buys (4): 9
Holds (3): 4
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 140.76
52 Week Low: 39.2215
Beta: 1.694
50 Day MA: 101.5334
200 Day MA: 69.7636

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 6.5
Qtr Revenue Growth YOY: 2.621
Forward PE: 50.5051
Trailing PE: 69.0702

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