|Bid||159.65 x 1400|
|Ask||159.84 x 800|
|Day's range||156.88 - 161.54|
|52-week range||124.46 - 292.76|
|Beta (3Y monthly)||2.52|
|PE ratio (TTM)||30.12|
|Earnings date||13 Nov 2019 - 18 Nov 2019|
|Forward dividend & yield||0.64 (0.39%)|
|1y target est||182.07|
Deere & Co., Nvidia, Applied Materials and Facebook are the companies to watch on Friday, August 16, 2019.
On a day stocks bounced back, NVIDIA shares rose after the company reported a strong quarter, as did those of Deere despite challenges in the agricultural industry.
As both Nvidia and AMD compete to create the next best AI and cloud computing GPUs, the tech is only going to proliferate in performance and both companies stand to gain.
NVIDIA (NVDA) stock soared 6% in today’s trading session as its Q2 earnings for fiscal 2020 beat estimates. However, its guidance missed estimates.
Strong growth in automotive revenues boosts NVIDIA's (NVDA) second-quarter fiscal 2020 results. Moreover, sequential improvement across all its end-markets is a tailwind.
* FTSE trading delayed by almost 2 hours due to technical glitch * STOXX 600 +1%, Germany's DAX +0.98, FTSE 100 +0.3% * European semis rise after solid results from Nvidia * INCD slumps 11% after Q2 miss * Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Reach her on Messenger to share your thoughts on market moves: email@example.com POST-HOLIDAY SHOCK! (1356 GMT) It's only going to get worse from here, BNP Paribas economists say. "Those returning from summer holidays have had a bit of a shock, with the global outlook left looking decisively gloomier by escalating U.S.–China trade tensions, the Argentinian crisis, unrest in Hong Kong and renewed Italian political jitters," they write in a note.
European shares rebounded from six-months lows on Friday, ending a tumultuous week on a positive note as hopes of fiscal stimulus from Germany lifted sentiment and sparked a rally in the battered banks sector, helping them post their best day in 4-1/2 months. Germany's right-left coalition government would be prepared to ditch its balanced budget rule and take on new debt to counter a possible recession, Der Spiegel magazine reported on Friday. Germany's DAX, pressured of late by fears of a slide into recession as trade tensions between the United States and China flare up, rose 1.3%, and German bonds came off lows after the report.
Gibraltar's chief minister has indicated the detained Iranian tanker Grace 1 could set sail from the UK territory as early as today, de-escalating a row with Tehran that has assumed much wider geo-political proportions. The episode is being watched for signs that the UK is bringing its foreign policy more closely into line with that of Donald Trump's America as it leaves the European Union. It all takes place as Trump said overnight that progress is being made on a "fantastic and big" post-Brexit trade deal between the U.S. and UK, stating that he and UK PM Boris Johnson are "very much aligned".
The computer graphics card maker sees notable drops in fundamentals but still exceeds estimates, and GE's leader loads up on company stock.
NVIDIA (NVDA) stock rose about 7% after hours today, trading at $159.29. The company announced its Q2 of fiscal 2020 earnings after the bell.
(Bloomberg) -- Nvidia Corp.’s second-quarter sales and profit topped analysts’ estimates, suggesting that a slump in orders may be easing amid a revival in demand for graphics chips and parts used in data centers. The stock rallied in late trading.Revenue in the quarter that ended July 28 was $2.58 billion and profit excluding certain costs was $1.24 a share, the Santa Clara, California-based company said in a statement on Thursday. Analysts, on average, had estimated adjusted earnings of $1.14 a share on sales of $2.54 billion.Sales in all business lines rose from the previous quarter, Nvidia said, a sign the company is addressing challenges that had stalled growth. Chief Executive Officer Jensen Huang has argued that a slowdown in orders for computer-gaming chips and processors for artificial intelligence tasks was temporary as customers worked through stockpiles of unused parts.Revenue has now shrunk from a year earlier for three straight quarters, and Nvidia forecast another decline of about 9% for the current period. Still, the 17% contraction in the second quarter was narrower than some analysts had projected, and the rate of decline is slowing. That may indicate customers are beginning to place new orders again.Gaming-chip sales came in at $1.3 billion, up 24% sequentially. Revenue from Nvidia’s second-biggest business, data center, climbed 3.3% from the prior period to $655 million.According to some estimates, that rebound in data-center revenue fell short. Wells Fargo analyst Aaron Rakers had predicted unit sales of $685 million, and he wrote in a note that the consensus estimate was about $669 million. On a conference call to discuss results, Nvidia executives faced multiple questions on the prospects for the business.On the call, Huang said demand for graphics chips used in servers was improving across the board, excluding a couple of so-called hyperscale data-center operators who don’t give Nvidia much insight into their plans. He declined to say when the business will return to annual growth, but maintained his optimism that artificial intelligence computing is the biggest-ever opportunity for his company.Nvidia’s detractors say that stiffer competition is the cause of the company’s struggles, but Huang said rivals aren’t eroding growth. Nvidia pioneered the use of graphics chips to run AI software in data centers, while Nvidia GeForce processors have been the main choice for PC gamers wanting the highest resolution action. Now, Intel Corp. and Advanced Micro Devices Inc. are offering rival products in these markets.“The competition should show up with something,” he said in an interview. “AI is going to be a large market for everybody and the growth is ahead of us. The bottom is behind us.”Nvidia shares rose more than 6% in extended trading following the report. Earlier, they slipped about 1% to close at $148.77 in New York.Net income in the second quarter was $552 million, or 90 cents a share, down from $1.1 billion, or $1.76, in the same period a year earlier.The company said sales in the current period will be about $2.9 billion, plus or minus 2%. That compares with an average analyst estimate for revenue of $2.98 billion, according to a Bloomberg survey. Adjusted gross margin will be 62.5%, Nvidia said.(Updates with CEO comments in eighth paragraph)To contact the reporter on this story: Ian King in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Nvidia (NVDA) delivered earnings and revenue surprises of 7.83% and 1.30%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?
Chief Executive Jensen Huang said gaming laptops able to handle sophisticated games and artificial intelligence models able to handle real-time chat bots were driving demand. The new video game chips use so-called ray tracing technology, which creates pictures by calculating how light hits objects, and students returning to school are buying laptops with the high-end silicon. The previous fiscal year set a sales record but came to what Huang at the time called a "disappointing finish" due to a slowdown in China and a bust in the market for crypto mining chips.
The inverted yield curve sparks recession worries. Macy's (M) and Walmart (WMT) earnings diverge. A Nvidia (NVDA) earnings preview. And why Hasbro (HAS) is a Zacks Rank 1 (Strong Buy) stock, all on today's episode of Free Lunch here at Zacks...
Investing.com – Nvidia on Thursday struggled to regain its footing, following a drumming in the market a day earlier, even as analysts touted cautious optimism ahead of the chipmaker's results due later today.