Streetbeat News

NVDA

NVIDIA Corporation

https://www.nvidia.com

Industry

Semiconductors

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds. Its Compute & Networking segment provides Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; cryptocurrency mining processors; Jetson for robotics and other embedded platforms; and NVIDIA AI Enterprise and other software. The company's products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, independent software vendors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants. It has a strategic collaboration with Kroger Co. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.

Open

146.39

Mkt cap

3.6T

Volume

169M

High

148.79

P/E Ratio

69.83

52-wk high

148.79

Low

146.17

Div yield

0.00

52-wk low

45.01

Nvidia Corp is in advanced talks with Malaysian conglomerate YTL for a data center collaboration in Southeast Asia, focusing on cloud infrastructure and AI chips. Nvidia's CEO Jensen Huang visited Malaysia, highlighting the strategic importance of the region and potential significant investments in Singapore. Nvidia's revenue from Singapore was $2.7 billion in the last quarter, a notable increase. Despite a global chip market slowdown, Nvidia's demand for AI chips remains strong, benefiting Taiwan Semiconductor Manufacturing Co (TSMC), which saw a revenue downturn. Advanced Micro Devices (AMD) also expects the AI chip market to grow significantly.

Portfolio Pulse from Anusuya Lahiri

December 08, 2023 | 11:29 am

During the fourth GOP presidential debate, candidates Nikki Haley and Ron DeSantis exchanged criticisms over their respective stances on China. The debate highlighted that if a Republican wins the 2024 election, there could be more restrictions on China, potentially impacting chipmakers. Nvidia Corp (NVDA) is mentioned as having a significant share of China's AI chip market but expects a sharp fall in China sales in Q4 due to U.S. export control rules. The Commerce Department anticipates annual updates to these restrictions.

Portfolio Pulse from Adam Eckert

December 07, 2023 | 8:34 pm

Wall Street analysts have identified 27 S&P 500 stocks with over 30% upside potential. Moderna Inc. (MRNA) tops the list with a 58% potential upside. First Solar Inc. (FSLR), Albemarle Corporation (ALB), and several hotel and casino stocks like Wynn Resort Ltd. (WYNN), Las Vegas Sands Corp. (LVS), and Caesars Entertainment Inc. (CZR) are also highlighted. Notably, NVIDIA Corp. (NVDA) has already seen a 215% YTD increase but still has a 38.45% upside according to analysts. Energy sector stocks like APA Corp (APA), Halliburton Company (HAL), Schlumberger NV (SLB), Marathon Oil Corp. (MRO), and Baker Hughes Company (BKR) are also featured for their upside potential.

Portfolio Pulse from Piero Cingari

December 07, 2023 | 6:31 pm

The Bank of Japan's (BOJ) potential shift away from yield control is causing significant movement in the yen and impacting global stock markets, including the U.S. The yen's rise is affecting strategies that involve borrowing in yen to invest in U.S. markets. JPMorgan Chase CEO Jamie Dimon expressed a desire to shut down cryptocurrencies if possible. U.S. jobless claims came in slightly below consensus, which may influence the Fed's rate decisions. European GDP contraction supports the expectation of rate cuts. Positive early money flows are seen in major tech stocks, while mixed flows are observed in SPY and QQQ ETFs. Gold and oil are seeing buying interest due to the yen's move. Bitcoin experiences a pullback after recent retail investor enthusiasm. The Arora Report advises investors to maintain a protection band strategy to balance risk and opportunity.

Portfolio Pulse from The Arora Report

December 07, 2023 | 6:00 pm

Wedbush analyst Dan Ives praised Microsoft CEO Satya Nadella and Nvidia CEO Jensen Huang as leaders in the AI revolution. Ives is bullish on Microsoft's prospects for 2024, especially after the company's involvement with OpenAI and the return of Sam Altman as OpenAI's CEO. Microsoft has integrated OpenAI's GPT-4 and Dall-E 3 into its services, while Google has launched its AI model Gemini, which competes with OpenAI's GPT-4.

Portfolio Pulse from Rounak Jain

December 07, 2023 | 5:40 pm

SEC Chairman Gary Gensler cautioned companies against overstating the impact of artificial intelligence (AI) on their financials, a practice he referred to as 'AI washing'. He emphasized the need for truthful disclosure when raising funds from the public. Gensler also warned about the use of generative AI for fraud. Shares of NVIDIA Corp (NVDA) and C3.ai Inc (AI) have seen significant increases in 2023, while Microsoft Corp (MSFT) invested $10 billion in OpenAI. AI was named Word of the Year by Collins Dictionary for 2023.

Portfolio Pulse from Chris Katje

December 07, 2023 | 5:12 pm

The Market Clubhouse Morning Memo provides daily trade strategies for SPY, QQQ, AAPL, MSFT, NVDA, TSLA, GOOGL, and META, based on a proprietary formula involving price, volume, and options flow. The memo outlines bullish and bearish scenarios for each asset, with specific price targets. The market's reaction to the unemployment data release and the Treasury's Bill Auction may influence trading. The memo is part of a service offered by Market Clubhouse, which includes a live daily market analysis, a watch list, and real-time mentorship by a pro trader known as RIPS.

Portfolio Pulse from RIPS

December 07, 2023 | 3:45 pm

Microsoft Corp's President Brad Smith met with China's Commerce Minister to discuss AI and trade, signaling potential cooperation between the U.S. and China. This follows a meeting between Presidents Biden and Xi Jinping. China is encouraging foreign enterprise services, with Microsoft expected to contribute to AI cooperation. U.S. tech firms face challenges due to technology tensions and export restrictions, notably Nvidia's AI chips. Despite this, recent visits by CEOs of Apple and Tesla to China indicate improving relations. Microsoft shares saw a slight premarket decrease.

Portfolio Pulse from Anusuya Lahiri

December 07, 2023 | 2:17 pm

Swaggy Stocks has identified the top 10 trending stocks on WallStreetBets as of December 7, 2023. The list includes Alibaba (BABA), Tesla (TSLA), Advanced Micro Devices (AMD), NVIDIA (NVDA), McDonald's (MCD), Lululemon Athletica (LULU), Meta Platforms (META), Apple (AAPL), and the BUZZ ETF.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 2:14 pm

Wall Street futures are trading flat as investors await further monetary policy insights. The S&P 500 Index fell for the third consecutive day, with concerns about overestimating future interest rate cuts. Treasury yields rose slightly, and the Fed's repo facility demand hit a peak, signaling liquidity concerns. The Japanese yen surged after hawkish comments from the Bank of Japan Governor. Crude oil and gold prices saw modest gains. Bitcoin dropped following negative comments from JPMorgan CEO Jamie Dimon. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) edged up in premarket trading. Advanced Micro Devices (AMD) rose on news of a shift from NVIDIA (NVDA) to AMD's AI chip by major tech firms. GameStop (GME) fell on revenue miss, Dollar General (DG) rose on earnings beat, and Alphabet (GOOG/GOOGL) increased after unveiling its new AI model.

Portfolio Pulse from Piero Cingari

December 07, 2023 | 1:31 pm

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