![]() ![]() ![]() Much depends on continued growth in Nvidia’s data center business, while a “major auto inflection next year” offers another opportunity. The price of 10-year Treasury futures were lower by about 0.6. Malik expects sequential growth in gaming sales to resume in the January quarter once the inventory overhang is cleared. Analyst Cody Acree wrote in a research note that the aggressive inventory clearance in the current quarter is “likely” to drive the stock to its near-term bottom.Ĭitigroup analyst Atif Malik reaffirmed a Buy rating but lowered the stock’s $285 price target to $248. The firm said that clearing out its inventory of gaming and crypto-mining chips was “painful but necessary and welcome.” Cowen’s analyst fears that Nvidia’s stock price may be range-bound in the near term.īenchmark Capital maintained its Buy rating but lowered its $228 price target to $215. Analyst Estimates Options Key Data Open 125.05 Day Range 120.22 - 126.70 52 Week Range 119.46 - 346.47 Market Cap 300.69B Shares Outstanding 2.49B Public Float 2.39B Beta 1.71 Rev. Here is a sample of what each had to say.Ĭowen reiterated its Buy rating on the stock and its $200 price target. Most reiterated their previous ratings but lowered price targets. About 70% of Nvidia’s second-quarter revenue was down to data center sales.Ī half dozen brokerages have weighed in on Nvidia’s results. CEO Jensen Huang said it will take time to sort out the supply chain challenges. Based on our forecasts, a long-term increase is expected, the NVDA stock price prognosis for 2027-10. Nvidia could have sold more but supplies of supporting chips were constrained. NVIDIA Corp quote is equal to 115.850 USD at. Data center sales hit a record level in the second quarter but were still short of projections. The big worry is the company’s data center business. The new model uses a small fraction of the electricity needed for crypto mining. Get the latest NVIDIA Corporation NVDA detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. They may get slower once Ethereum completes its transition to a proof-of-stake model rather than the proof-of-work model it and Bitcoin currently use. View NVIDIA Corporation NVDA investment & stock information. Sales of Nvidia’s graphics processors, which are heavily used in the crypto-mining business, also have been slow. Gaming chip sales were lower, as expected. ![]() Nvidia has forecast revenue of $5.9 billion, less than a consensus estimate of $6.9 billion. The Price and Consensus chart displays the companys stock price along with the consensus estimate. What had investors worried was the company’s outlook for the current quarter. The company had warned earlier that revenue and profits would be lower for the quarter, so that was no surprise. At the opening bell Thursday, shares traded down by about 1%. ( NASDAQ: NVDA) reported second-quarter results late Wednesday, investors promptly took the stock to the woodshed, cutting as much as 6% from the share price in after-hours trading. ![]()
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