How To Earn $500 A Month From Nvidia Stock
Portfolio Pulse from Avi Kapoor
NVIDIA Corporation (NASDAQ:NVDA) is expected to release its earnings next month with anticipated earnings of $4.50 per share on revenue of $20.18 billion. Nvidia has secured a $500 million deal with Indian data center operator Yotta, bringing total orders to $1 billion. This includes nearly 16,000 Nvidia H100 and GH200 AI chips, with delivery by March 2025. Nvidia's current dividend yield is 0.03%, with a quarterly dividend of 4 cents per share. To earn $500 a month from dividends, an investor would need to own 37,500 shares, valued at approximately $22.37 million. NVDA shares gained 0.3% to close at $596.54 on Monday.
January 23, 2024 | 1:02 pm
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POSITIVE IMPACT
NVIDIA is poised to release earnings next month with high expectations. The significant deal with Yotta may boost investor confidence in NVIDIA's growth in the AI sector. The dividend yield remains low, suggesting that the stock is not typically sought after for income through dividends.
The anticipation of strong earnings and the substantial deal with Yotta are likely to have a positive impact on NVDA's stock price in the short term. The low dividend yield indicates that the stock is more growth-oriented, which may attract a different type of investor.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90