Nvidia shares have surged more than 600% since January 2023, but most Wall Street analysts still view the stock as a worthwhile investment. Nvidia dominates the market for artificial intelligence processors, and the company has a durable competitive advantage that spans hardware and software.
Tomorrow morning, the Producer Price Index (PPI) will demonstrate levels of wholesale inflation.
Nvidia is continuing to rack up wins in the public sector. A recent report from UBS suggests Nvidia stock could post big gains over the next year.
It was a quiet day in the stock market. The Dow Jones fell .36% while the Nasdaq rose .21%.
NEW YORK, NY / ACCESSWIRE / August 12, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of NVIDIA Corporation ("NVIDIA") (NASDAQ:NVDA) concerning possible violations of federal securities laws. Nvidia is the subject of a report by The Information published on August 2, 2024.
Semiconductor stocks are likely to start rallying gain in October after the historically weak September passes. Nvidia is likely to stay the leader of the sector.
LOS ANGELES, CA / ACCESSWIRE / August 12, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of NVIDIA Corporation ("Nvidia" or "the Company") (NASDAQ:NVDA) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Nvidia (NVDA) shares rose Monday as Bank of America analysts called the stock a top pick and UBS analysts said a reported delay in Nvidia's Blackwell artificial intelligence (AI) chip may be less significant than initially thought.
Nvidia stock rallies Monday, bouncing back from losses last week following reports of a delay in the rollout of a major AI chip.
NVIDIA Corp (NASDAQ:NVDA, ETR:NVD) is expected to once again deliver upside against high expectations when the chipmaker posts its latest earnings report after the stock market closes on Wednesday, August 28. For the quarter ended July 28, Wall Street analysts expect revenue to surge almost 110% year-over-year to $28.2 billion, in line with Nvidia's guidance at the midpoint of $28 billion.
Analysts think concerns about a delay in sales of Nvidia's next-generation artificial intelligence chip are overblown. Nvidia's order book remains full, even with any postponement in the rollout of its Blackwell chips.
If the semiconductor sector bounces back, Nvidia Corp.'s stock looks like a good play, according to BofA analyst Vivek Arya.