The NVIDIA Corporation is a multinational technology company based in Santa Clara, California. The company is headquartered in Santa Clara and is incorporated in Delaware. It is one of the leading manufacturers of graphics cards. The company has over 36,000 employees worldwide and is worth about $20 billion.
NVidia is a technology company that makes GPUs and is expanding its operations to fields like artificial intelligence, robotics, and vehicles. Its GeForce product line is a direct competitor to AMD’s Radeon product line. It is listed on the Nasdaq Stock Market under the ticker symbol NVDA. It is a member of the NASDAQ-100 Index and the S&P 500 Index.
NVIDIA’s stock has experienced remarkable gains in the past few years. Though it faces some challenges in the near and intermediate-term, the company’s profitability and growth potential remain high. Therefore, NVIDIA stock is likely to appreciate further in the coming years. Its stock price is now worth $361 per share.
The company’s stock price has been in a downtrend since August 4, when it revealed that it was revising Q3 revenue lower. Meanwhile, new US government sanctions against China will likely hit its sales in the country. As a result, the stock has lost 26% since last month. This is due to the recent announcement from the Biden administration that it will restrict semiconductor exports to China.
While there are a few reasons for Nvidia’s recent price decline, we can conclude that there are still plenty of opportunities for investors to gain from its current low price. Several factors are currently hurting the company’s growth, including the fact that it’s currently trading at a high multiple of its trailing earnings. Moreover, it’s trading at a price higher than the Nasdaq 100.
NVIDIA’s share price has experienced a significant drop after the company announced a lowered revenue guidance for Q3 of 2018. This is primarily due to a large decline in GPU sales. Meanwhile, the company is focusing on cloud gaming, which offers solid prospects. Furthermore, the company also has a large installed base of graphics cards.
In the short run, the NVDA stock price is destined to reach a demand zone between $116 and $127. The company’s share price managed to hold up in this zone during September 2020 through March 2021. It has also been able to find its feet within this region during multiple sessions. Nonetheless, the market’s continued bullish sentiment may be tempered by the persistent core inflation.
NVIDIA Corporation is an American multinational technology company headquartered in Santa Clara, California. Its products are used in a wide range of end markets, including high-end gaming PCs, data centres, and automotive infotainment systems. The company’s technology has also expanded beyond traditional PC graphics applications to include artificial intelligence and autonomous driving.
