419.68 -0.68 (-0.16%)
After hours: 4:56PM EDT
|Bid||419.50 x 900|
|Ask||420.20 x 3000|
|Day's range||409.38 - 422.80|
|52-week range||147.39 - 422.80|
|Beta (5Y monthly)||1.34|
|PE ratio (TTM)||78.59|
|Earnings date||13 Aug 2020 - 17 Aug 2020|
|Forward dividend & yield||0.64 (0.16%)|
|Ex-dividend date||04 Jun 2020|
|1y target est||389.31|
Cloud computing has been a promising investment theme in recent years. As NVIDIA (NASDAQ: NVDA) CEO Jensen Huang said on a recent conference call, "The basic computing elements are now storage servers, CPU servers, and GPU servers and are composed and orchestrated by hyperscale applications that are serving millions of users simultaneously." Research firm Gartner previously forecast that the total cloud computing market will grow 17% this year to reach $266 billion, and that was before a global pandemic accelerated the trend.
In a semiconductor industry milestone, Nvidia's shares rose 2.3% in afternoon trading on Wednesday to a record $404, putting the graphic component maker's market capitalization at $248 billion, just above the $246 billion value of Intel, once the world's leading chipmaker. Nvidia's stock has been among Wall Street's strongest performers in recent years as it expanded from its core personal computer chip business into datacenters, automobiles and artificial intelligence. Intel, which for decades has dominated in processors for PCs and servers, has struggled to diversify its business after making critical stumbles in the smartphone revolution.
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Alphabet's Google Cloud becomes the first cloud-service provider to offer NVDIA's (NVDA) flagship server GPU -- Ampere A100.
The global semiconductor industry, which plays a key role in the high-growth technology space, has been relatively less battered by the coronavirus pandemic.
The COVID-19 pandemic may have slowed down the rollout of 5G (fifth generation) wireless networks, but the long-term opportunity remains intact. A third-party report says that 5G infrastructure investments could jump to $58 billion by 2026, compared to $10 billion last year, which means that investors could win big from this space if they make the right choices. In this piece, we are going to take a closer look at one such stock -- NVIDIA (NASDAQ: NVDA) -- that could win from the 5G revolution.
NVIDIA (NASDAQ: NVDA) announced on Tuesday that just weeks after its release, the A100 Tensor Core graphics processing unit (GPU) has been adopted by Google Cloud, a division of Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG). The Accelerator-Optimized VM (A2) family, available on Google Compute Engine, is designed specifically to handle some of the most demanding applications out there, including artificial intelligence (AI) workloads and high performance computing (HPC). This makes Google the first cloud service provider to offer the new NVIDIA GPUs.
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Nvidia today announced that its new Ampere-based data center GPUs, the A100 Tensor Core GPUs, are now available in alpha on Google Cloud. Nvidia says the A100 can boost training and inference performance by over 20x compared to its predecessors (though you'll mostly see 6x or 7x improvements in most benchmarks) and tops out at about 19.5 TFLOPs in single-precision performance and 156 TFLOPs for Tensor Float 32 workloads. "Google Cloud customers often look to us to provide the latest hardware and software services to help them drive innovation on AI and scientific computing workloads," said Manish Sainani, Director of Product Management at Google Cloud, in today's announcement.
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From an investment perspective, the spurt in new coronavirus cases over the July fourth weekend bodes well for certain stocks.
Given that widespread uncertainty in the stock market is likely to endure for the rest of 2020 and beyond, it pays to know that you're investing in high-qualit...
Artificial intelligence (AI) is likewise an important but oft-misunderstood technology. Last month, I talked up Alphabet, salesforce.com, and NVIDIA (NASDAQ: NVDA). When talking about AI hardware, it's easy to default to NVIDIA.
These stocks might not make you a trillionaire. But they just might make you wealthy over the long run.
NVIDIA (NASDAQ: NVDA) has a record of outstanding growth, and with its share price close to all-time highs, some investors may be thinking it is already too late to get in. The company's core business is divided into four segments: gaming, data center, professional visualization, and automotive. All are high performers in their fields, providing NVIDIA with a strong, diversified business.
The months leading up to the U.S. presidential election in November will be choppy, especially if Democrat Joe Biden extends his poll lead. The EU needs to agree on a $750 billion recovery fund proposal. A wave of foreign money has hit mainland China's markets as the second half of 2020 kicks in.
NVIDIA (NASDAQ: NVDA) stock rocketed 61.5% higher in the first half of 2020 (January through June), according to data from S&P Global Market Intelligence. Management issued an upbeat outlook in February, when the company released its results for the fourth quarter of fiscal 2020. The bottom-line performance was even better.
NVIDIA (NASDAQ: NVDA) and the Mercedes-Benz division of Daimler AG (OTC: DMLRY) (OTC: DDAIF) are teaming up to truly build a computer on wheels. The two companies recently announced a collaboration to build a new computing system for cars, powered by NVIDIA's DRIVE AGX Orin technology. This new high-performance car computer will be used in new vehicles from Mercedes-Benz starting in 2024.