Truist analyst William Stein lowered the price target on NVIDIA Corp. to $350 from $389 but kept a Buy rating on the shares. The price target implies an upside of 26.8 percent. The company’s CES presentation, management meeting, and proprietary takeaways suggest upside potential to estimates. However, his reduced price target also reflects the recent decline in earnings multiples investors…
Nvidia Features as Top Pick By UBS
UBS named chipmaker Nvidia Corporation (NASDAQ:NVDA) a “top pick,” citing its “wide moats” in the sector. Plus, the company is enjoying tailwinds from Micron Technology Inc’s (NASDAQ:MU) upbeat quarterly report, with officials noting they expect the chip shortage to ease over the coming year. Analyst Timothy Arcuri believes that Nvidia will likely benefit from building more “stable” revenue sources around its GPU…
Nvidia Stock Sees a Big Dip, Then Bounces Back: Technical Analysis
Nvidia Corp. shares were trading lower Monday as many companies in the broader tech sector move lower. A rise in Treasury yields has put pressure on these stocks. Nvidia was down 2.28 percent at $299.94 Monday afternoon. Nvidia Daily Chart Analysis The stock dipped near the 50-day moving average and formed what technical traders call a hammer…
AMD versus Nvidia: Which Chipmaker Is Poised to End 2021 With Better Returns?
Advanced Micro Devices, Inc. and Nvidia Corporation are among the best performing large-cap tech stocks thus far this year. Laser-like focus on their product roadmap and execution has been the recipe behind the rewards the companies are reaping. Nvidia Versus AMD: How Year-to-date Performance Stacks Up Nvidia has had a stellar run this year, thanks…
US Government Sues to Block $40 Billion Nvidia-Arm Chip Deal
The Federal Trade Commission on Thursday sued to block graphics chip maker Nvidia’s $40 billion purchase of chip designer Arm, saying the deal would create a powerful company that could hurt the growth of new technologies. Nvidia Corp., based in Santa Clara, California, said in September 2020 that it was buying United Kingdom-based Arm Ltd….
Wall Street Opens Lower as Nvidia Weighs
November 16, 2021
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Wall Street indexes opened slightly lower on Tuesday, with Nvidia weighing on the S&P 500 and Nasdaq after the UK ordered an in-depth probe into the chipmaker’s planned acquisition of Arm. The Dow Jones Industrial Average fell 11.27 points, or 0.03 percent, at the open to 36,076.18. The S&P 500 opened lower by 3.38 points,…
This EV Stock Is Trading at ‘Significant Premium,’ Delano Saporu Says
On CNBC’s “Trading Nation,” Delano Saporu of New Street Advisors Group said although shares of companies, including Tesla, Inc., NVIDIA Corporation and Microsoft Corporation will continue moving higher in the long term, investors should look for better prices to buy these shares. He noted that shares of Tesla have jumped around 30 percent in the…
Why Wedbush Downgraded Nvidia?
Wedbush analyst Matt Bryson downgraded NVIDIA Corp. to Neutral from Outperform with a price target of $300, up from $220, implying a 1.3 percent downside to November 11 closing price of $303.90. The analyst cites valuation for the downgrade, with the shares trading at 55 times his 2024 numbers. He would have to lift the…
Nvidia Rallies With Key Catalysts Ahead: Will Chipmaker Be the Next to Join $1-Trillion Club?
Nvidia, Inc. (NVDA) shares rallied strongly Thursday, helping the graphics chipmaker add close to $100 billion in market capitalization in a single session. The strong gains raise the specter of an imminent correction, but the company stands to gain from a series of catalysts lined up for the coming months. Nivida a Star Performer Year-to-Date:…
Chip Tech Firm Arm Plans to Slash Development Time for Connected Devices
SAN FRANCISCO—Arm Ltd., the British chip technology firm in the midst of a $54 billion takeover by Nvidia Corp., on Monday announced tools aimed at cutting the development time of so-called “internet of things” connected devices by some 40 percent. For decades, the process of developing most computing devices saw chips and hardware first completed,…
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