ADVERTISEMENT
  • News
  • New York
  • Technology
  • Culture
  • Entertainment
  • Sport
  • More
    • Politics
    • Lifestyle
    • TV
    • Games
Monday, April 7, 2025
  • Login
No Result
View All Result
NEWSLETTER
FINCHANNEL
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
No Result
View All Result
FINCHANNEL
No Result
View All Result
Home Tech

NVDA Stock Soars Amid Tech Earnings; Is Nvidia A Buy?

The FINANCIAL by The FINANCIAL
January 22, 2024
in Tech, Technology
Reading Time: 4 mins read
201
A A
0
NVDA Stock Soars Amid Tech Earnings; Is Nvidia A Buy?

Nvidia logo and sign on headquarters building - Santa Clara, California, USA - 2021

Share on FacebookShare on Twitter

RelatedPosts

Alibaba Cloud Announced the Latest AI Models, Tools and Infrastructure Available to Drive More Efficient Global AI Community

Tesla Cybertruck is seized by police in UK due to Safety Concerns

Make Your Moment: OPPO Announces Lamine Yamal as Global Brand Ambassador

700 deans will gather in Las Vegas to discuss the future of higher education

Earlier in January, the leading maker of artificial intelligence chips disclosed at CES new GeForce graphic processors for AI-enabled laptops and PCs. It also said electric vehicles are using its automated driving system. Li Auto (LI) and other EV makers have selected Nvidia Drive Thor for their fleets.

Shares broke out on the news and have rallied more than 5% from a buy point of 505.48. That puts the stock on track to becoming the fourth-biggest company by market cap.

The leader in AI chips rallied 239% in 2023 and hit an all-time high 505.48 just before the year ended. Then it topped, the 505.48 buy point of its base in heavy volume on Jan. 8.

The company is expected to release its fiscal fourth-quarter results on Feb. 21.

NVDA Stock: Third-Quarter Earnings

Shares broke out of a double-bottom base just ahead of third-quarter earnings in November.

A week before reporting results, Nvidia announced at the SC23 supercomputing conference in Denver a new artificial intelligence computing platform and an advanced data-center chip. That sent the stock to its all-time high.

Despite a blockbuster quarter, shares fell after the earnings report. The company said profits came in at $4.02 a share on sales of $18.12 billion for the period that ended Oct. 29. Analysts polled by FactSet had expected earnings of $3.37 a share on sales of $16.19 billion.

Compared with the year-ago quarter, Nvidia earnings soared 593%, while sales saw a 206% spike. The period was also the second-straight quarter in which the chip leader reported triple-digit growth in both metrics.

Demand from data centers was the chief reason. Nvidia’s data-center sales jumped 279% from the year-earlier period to a record $14.51 billion. Data-center sales also increased 41% from the second quarter.

When it filed its earnings report, Nvidia projected sales of $20 billion for the fourth quarter ending in January. That translates to 231% growth from the prior year, and came in ahead of analyst views for $17.96 billion.

NVDA stock analysts now expect 236% growth in per-share earnings to $11.22 for fiscal 2024, which ends this month. After that, Wall Street sees profit growth sharply decelerating to 67% in fiscal 2025.

AI Products Drive Growth But Competitors Catch Up

Nvidia has earned a reputation for being a trailblazer. The company was an early pioneer in the graphics processors that many say drastically improved computer gaming. Along with gaming, Nvidia chips now are used in such industries as health care, automobiles and robotics.

In March, generative AI took a leap with OpenAI’s ChatGPT. According to the company, Nvidia’s AI-capable supercomputer paved the way for the “iPhone moment of AI.”

That helped Nvidia turn the tide on its results. After three quarters of declining year-over-year sales and four quarters of tapering earnings, the company achieved record top- and bottom-line growth in the two most recent quarters.

But other chip companies have been fast to catch up. In December, Advanced Micro Devices (AMD) launched a new AI chip that competes with Nvidia’s advanced products.

Top Ratings For Nvidia

Nvidia stock shows exceptional technical strength and boasts a best-possible score of 99 on both its Composite Rating and EPS Rating. Its Relative Strength Rating of 97 also shows that it outperforms the vast majority of stocks in the Investor’s Business Daily database.

Nvidia also is one of the Magnificent Seven stocks that led the 2023 stock rally. The other stocks are Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), Meta Platforms (META), Tesla (TSLA) and Amazon (AMZN). Some of these tech titans are customers that rely on Nvidia’s advanced chips. It is also one of the “Magnificent Seven of 2024.”

NVDA stock currently ranks first in the fabless semiconductor group, which holds 39th place among IBD’s 197 industry groups. The AI stock frequently appears on the IBD 50, IBD Sector Leaders and Tech Leaders lists. Further, the stock is on IBD Leaderboard.

In November, NVDA stock jumped 15% and outperformed the Nasdaq’s 10.70% gain. But in December, it finished up 6%, just above the Nasdaq’s 5.5% advance for the month.

Is NVDA A Stock A Buy?

Critically, the Accumulation/Distribution Rating for NVDA stock is D+. That shows that interest among institutional buyers in the last 13 weeks has waned.

Despite a strong third quarter and positive growth outlook, funds have not been net investors in the stock. That shows there may be better opportunities out there.

Still, overall worldwide AI chip revenue will grow 26% from $53.4 billion in 2023 to $67.1 billion in 2024, according to a recent report from research firm Gartner. That is set to double by 2027 to $119 billion

Further, Bank of America analyst Vivek Arya reportedly has a price target of 700 for the AI leader. Bernstein analyst Stacy Rasgon also finds that company’s valuation attractive and has the same price target.

NVDA stock is not a buy right now. Shares are extended from a buy zone that originated from a flat base’s 505.48 entry.

COMPANY TICKER MARKET CAP IN BILLIONS
Microsoft MSFT $2,935
Apple AAPL $2,942
Alphabet GOOGL $1,815
Amazon.com AMZN $1,586
Nvidia NVDA $1,415

Related Posts

Cloud Adoption Is Going Mainstream, Yet Only Few Organizations Are Maximizing 
Tech

Alibaba Cloud Announced the Latest AI Models, Tools and Infrastructure Available to Drive More Efficient Global AI Community

by The FINANCIAL
January 22, 2025
0

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has unveiled an expanded suite of large language models...

Read more
Tesla Cybertruck is seized by police in UK due to Safety Concerns

Tesla Cybertruck is seized by police in UK due to Safety Concerns

January 17, 2025
Make Your Moment: OPPO Announces Lamine Yamal as Global Brand Ambassador

Make Your Moment: OPPO Announces Lamine Yamal as Global Brand Ambassador

January 16, 2025
Innovate UK Support Boosts Jobs and R&D Spend for AI sector

700 deans will gather in Las Vegas to discuss the future of higher education

January 16, 2025

Discussion about this post

  • Trending
  • Comments
  • Latest
Bvlgari, Ferrari & Louis Vuitton: 3 Exceptional New Partners for the International Master in Luxury Management

Bvlgari, Ferrari & Louis Vuitton: 3 Exceptional New Partners for the International Master in Luxury Management

March 31, 2025
Eshvi Signals The Beginning of a Bold New Era by Opening A New Location

Eshvi Signals The Beginning of a Bold New Era by Opening A New Location

April 1, 2025
Ampersand wins £22m five-year contract at London Zoo

Ampersand wins £22m five-year contract at London Zoo

June 25, 2012
Fort Lauderdale’s Coolest Spots: A Guide to the City’s Must-Visit Destinations

Fort Lauderdale’s Coolest Spots: A Guide to the City’s Must-Visit Destinations

March 30, 2025
New US Tariffs Hit the US Itself Hardest: Medium- to Long-Term Impacts

New US Tariffs Hit the US Itself Hardest: Medium- to Long-Term Impacts

April 3, 2025
European Experts on safeguarding cultural heritage from extreme risks are invited to participate in the READY Project

European Experts on safeguarding cultural heritage from extreme risks are invited to participate in the READY Project

April 6, 2025
Loans

Protected: What Are the Factors That Affect Housing Loan Interest Rates?

April 5, 2025
How Do Bullet-Resistant Windows Improve Safety?

How Do Bullet-Resistant Windows Improve Safety?

April 3, 2025
New US Tariffs Hit the US Itself Hardest: Medium- to Long-Term Impacts

New US Tariffs Hit the US Itself Hardest: Medium- to Long-Term Impacts

April 3, 2025
How to Deep Clean Your Air Fryer in 5 Easy Steps

How to Deep Clean Your Air Fryer in 5 Easy Steps

April 3, 2025
ADVERTISEMENT

Popular Last 24h

  • Eshvi Signals The Beginning of a Bold New Era by Opening A New Location

    Eshvi Signals The Beginning of a Bold New Era by Opening A New Location

    108 shares
    Share 43 Tweet 27
  • European Experts on safeguarding cultural heritage from extreme risks are invited to participate in the READY Project

    20 shares
    Share 8 Tweet 5
  • Ampersand wins £22m five-year contract at London Zoo

    3007 shares
    Share 1203 Tweet 752
  • What Are the Income Limits for Deducting Traditional IRA Contributions in 2025?

    40 shares
    Share 16 Tweet 10
  • Boost Your Online Presence:

    29 shares
    Share 12 Tweet 7
  • New US Tariffs Hit the US Itself Hardest: Medium- to Long-Term Impacts

    41 shares
    Share 16 Tweet 10
  • How Do Bullet-Resistant Windows Improve Safety?

    22 shares
    Share 9 Tweet 6

LATEST POSTS

European Experts on safeguarding cultural heritage from extreme risks are invited to participate in the READY Project

European Experts on safeguarding cultural heritage from extreme risks are invited to participate in the READY Project

April 6, 2025
Loans

Protected: What Are the Factors That Affect Housing Loan Interest Rates?

April 5, 2025
How Do Bullet-Resistant Windows Improve Safety?

How Do Bullet-Resistant Windows Improve Safety?

April 3, 2025
New US Tariffs Hit the US Itself Hardest: Medium- to Long-Term Impacts

New US Tariffs Hit the US Itself Hardest: Medium- to Long-Term Impacts

April 3, 2025
How to Deep Clean Your Air Fryer in 5 Easy Steps

How to Deep Clean Your Air Fryer in 5 Easy Steps

April 3, 2025
Muslim Pro App CEO Addresses Data Privacy Concerns and Outlines Enhanced Security Measures

Muslim Pro App CEO Addresses Data Privacy Concerns and Outlines Enhanced Security Measures

April 3, 2025
Between 1979 and 2022, the total register has increased by 4.1 million companies

Tariff-ic government?

April 3, 2025
retirement-mza.jpg

What Are the Income Limits for Deducting Traditional IRA Contributions in 2025?

April 3, 2025
Energy bills are the area of spending most concerning Britons

Energy bills are the area of spending most concerning Britons

April 1, 2025
Homelessness Crisis in New York: The Intersection with Illegal Immigration

Homelessness Crisis in New York: The Intersection with Illegal Immigration

April 1, 2025

LATESTINTERVIEWS

Interview: Former British Air Commander Says Ukraine Must ‘Inflict Maximum Pain’ On Russia

Interview: Former British Air Commander Says Ukraine Must ‘Inflict Maximum Pain’ On Russia

by The FINANCIAL
September 17, 2024
0

Bizzy Cold Brew CEO Reveals What’s Fueling Ambitiously Strong Brand

Bizzy Cold Brew CEO Reveals What’s Fueling Ambitiously Strong Brand

by Merilee Kern, MBA

Washington Wants to Avoid a Repeat of Last Year’s NATO Summit

Washington Wants to Avoid a Repeat of Last Year’s NATO Summit

by The FINANCIAL
June 28, 2024
0

Tamar Ghlonti, the Acting Director of Radio Maestro

Radio Maestro: Promoting Business Growth and Development in Georgia

by Golden Brand
June 15, 2024
0

Lika Lobzhanidze, founder and director of ArtPharma

Vitaferol – Top Vitamin D brand in Georgia

by Golden Brand
June 15, 2024
0

Tea Meskhi, the Marketing Manager of the Turkish pharmaceutical company Asfarma

Customer Satisfaction, Trust Lead Aksen Fort to Win Golden Brand in Georgia

by Golden Brand
June 15, 2024
0

Aleksandre Metreveli - Director of the company

Ekokemika Service Group to Unveil New Line of Household Chemicals This Year

by Golden Brand
June 15, 2024
0

Lasha Babuadze, The-founder of Iberia Product

Anchor Butter Georgian Customers’ Favorite for The Fifth Time at Golden Brand Awards

by Golden Brand
June 15, 2024
0

GET IN TOUCH

Submit guest post/Letters to the Editor:

editor (at) finchannel.com

Sales & Marketing: (+99532) 2252 275 | 76 EXT: 1 (+995 558) 03 03 03 (mobile) marketing (at) finchannel.com

Whatsup: +995599965252

USA:

+1 917-795-8866

Georgia:

(+99532) 2252 275 | 76 EXT: 7 (+995599) 96 52 52 Email: zviadi (@) finchannel.com

Postal address: 17 Mtskheta str. Tbilisi, Georgia 0179 The FINANCIAL

RESOURCE

  • Work at the FINANCIAL
  • ePaper
  • Advertise in The FINANCIAL
  • Access ePaper
  • Guest posts
  • Contributed articles
  • AmericanStockNews
  • Coupon Codes
  • GLOSSY MAG
American Culture Center
ACC Partner

GUIDEBOOK

  • Meet our team
  • Invest in Georgia
  • Become contributor
  • Archive

FOLLOW US

  • Facebook
  • Twitter
  • Google+
  • Youtube
No Result
View All Result
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • Americas
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • lifestyle
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE

© 2025 Intelligence Group llc

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

- Select Visibility -

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.