NVIDIA Corporation ($NVDA) Stock Forecast: Up 7.1% Today

What is NVIDIA Corporation?

NVIDIA Corporation (NVDA) is a leading technology company recognized for its graphics processing units (GPUs) and AI capabilities. The stock had a strong bullish movement today in the market.

Why is NVIDIA Corporation going up?

NVDA stock is up 7.1% on Sep 12, 2024 15:40

• NVDA stock surged over 8% on Wednesday.
• Speculation surrounding Nvidia AI chips potentially being utilized in Saudi Arabia may have influenced investor confidence in the company's growth prospects.
• Jensen Huang's positive comments on Nvidia's AI advancements likely played a part in the stock's upward trend.
• The notable bullish movement in NVDA stock today can be attributed to a combination of positive developments related to Nvidia's expansion and the overall strong performance of the market and tech sector.

NVDA Price Chart

NVDA News

Human-Like Reasoning 'Strawberry' Ahead, Aggressive Nvidia Buying, Hotter Inflation Data - Apple ( NASDAQ:AAPL )

To gain an edge, this is what you need to know today. Please click here for an enlarged chart of NVIDIA Corp NVDA. This article is about the big picture, not an individual stock. The chart of NVDA is being used to illustrate the point. The chart shows that last week NVDA stock touched the top ...

https://www.benzinga.com/markets/24/09/40836225/human-like-reasoning-strawberry-ahead-aggressive-nvidia-buying-hotter-inflation-data

Nvidia AI Chips Headed to Saudi Arabia, US Reassesses Export Ban - NVIDIA ( NASDAQ:NVDA )

Nvidia Corp's NVDA advanced artificial intelligence chips could soon make way to Saudi Arabia as the U.S. contemplates its advanced semiconductor sanctions on the country it had imposed in 2024. The Saudi government is eying Nvidia's H200 chips, Reuters cites U.S. and Saudi officials at Saudi ...

https://www.benzinga.com/government/24/09/40834852/nvidia-ai-chips-headed-to-saudi-arabia-us-reassesses-export-ban

Google Picks Taiwan Semiconductor For Pixel Chips, Samsung Loses Key Deal: Report - Samsung Electronics Co ( OTC:SSNLF ) , Taiwan Semiconductor ( NYSE:TSM )

Google looks to dump Samsung Foundry for Taiwan Semiconductor Manufacturing Co TSM by 2025. What Happened: Samsung Electronics SSNLF owns Samsung Foundry.

https://www.benzinga.com/news/24/09/40833611/google-picks-taiwan-semiconductor-for-pixel-chips-samsung-loses-key-deal-report

'Didn't Take Much For Nvidia To Get People Excited About AI,' Says Strategist, After Jensen Huang Talks Up AI's Potential Beyond Data Centers - NVIDIA ( NASDAQ:NVDA )

Nvidia Corp. NVDA shares jumped over 8% on Wednesday, taking the broader market and the tech sector higher along with them, and two experts weighed in on Nvidia-led recovery.

https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40826658/didnt-take-much-for-nvidia-to-get-people-excited-about-ai-says-strategist-after-jen

Acer launches gaming-centric Aspire 7 laptop: Check price, specs, and more

The Acer Aspire 7 laptop is priced starting at Rs 61,990 and is available for purchase on the Acer online store and ...

https://www.business-standard.com/technology/gadgets/acer-launches-gaming-centric-aspire-7-laptop-check-price-specs-and-more-124091200428_1.html

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NVIDIA Corporation Price History

29.07.2024 - NVDA Stock was down 5.7%

• Investors were mulling over NVIDIA's latest results, which may have fallen short of expectations, leading to a lack of confidence in the company's performance.
• The anticipation of German CPI data and US GDP figures could have added to the market uncertainty, prompting investors to be cautious with their positions.
• The mixed reactions from investors and analysts suggest that there might be concerns about NVIDIA being overvalued, leading to profit-taking and a downward pressure on the stock price.
• Overall, the combination of underwhelming results, economic data releases, and investor sentiment contributed to the bearish movement in NVIDIA's stock today.

04.08.2024 - NVDA Stock was down 6.8%

• NVDA's bearish movement could be attributed to the $279 billion loss in market cap in a single day, following a quarterly revenue forecast that fell short of investors' expectations.
• The hiring of Keith Strier from a competitor as senior vice president of global artificial intelligence markets may have raised concerns among investors about the competitor's potential to compete in the AI sector, impacting NVDA's stock negatively.
• The reassessment among an investment group about the sustainability of NVDA's success over the next decade might have added to the downward pressure on the stock.
• The broader market selloff and concerns about gender disparity in the semiconductor industry, including at NVDA, could have also contributed to the bearish movement in NVDA's stock.

29.07.2024 - NVDA Stock was down 6.0%

• Nvidia's stock dropped by 5% to a session low due to various factors:
• Despite surpassing revenue expectations, concerns about a decreasing net profit margin caused a 7% decline in stock price.
• Mixed reactions from the market greeted Nvidia's earnings report, leading to differing opinions among analysts.
• While Wall Street analysts are positive about Nvidia's future in AI, investors expressed disappointment with recent results.
• Nvidia's decline had a ripple effect on the wider market, impacting market indexes and highlighting the tech sector's influence on overall market trends.
• The reaction to Nvidia's earnings emphasized the challenge of balancing growth and profitability, contributing to the bearish performance of the stock.

29.07.2024 - NVDA Stock was down 6.3%

• Despite impressive earnings with a net income of $16.6 billion and revenue surging to $30 billion, NVIDIA's stock experienced a significant 6% drop.
• Investors were left puzzled by the bearish movement, especially considering the company's strong financial results.
• Market focus shifted from NVIDIA to the broader U.S. economy, with Wall Street rising as consumers bolster economic growth.
• The drop in NVIDIA's stock price could be attributed to profit-taking after a significant surge in the stock price earlier in the year, as well as potential concerns about future growth prospects in the tech sector.

03.08.2024 - NVDA Stock was down 5.1%

• NVDA stock experienced a significant bearish movement, dropping over 8% during the day.
• Despite the drop, there was not a significant amount of put buying, indicating that the decline may not be solely attributed to bearish traders.
• The broader semiconductor sector, including NVDA, faced selling pressure, contributing to the overall decline in tech stocks.
• While NVDA maintains dominance in the AI chip market, challenges faced by competitors like Huawei may have indirectly impacted investor sentiment towards the stock.

29.07.2024 - NVDA Stock was down 6.2%

• Despite Nvidia's Q2 earnings beat, the stock experienced a bearish movement, possibly due to revenue projections for the current quarter failing to meet heightened expectations.
• The market's focus shifted from Nvidia to the U.S. economy, with strong GDP growth driving overall positive sentiment and a risk-on approach among traders.
• While Nvidia fell over 3%, other semiconductor stocks showed gains, indicating a decoupling from Nvidia's performance.
• The safety trade may be outperforming tech stocks like Nvidia, as investors reassess their portfolios in light of market dynamics and economic data.

29.07.2024 - NVDA Stock was down 5.3%

• NVDA stock dropped over 3% subsequent to its earnings report, as revenue projections for the current quarter did not meet expectations, leading to a downward trend in the market.
• Despite the decrease, analysts on Wall Street see Nvidia's post-earnings slide as a chance to purchase, highlighting the company's potential in AI chips in the long run and the anticipation for upcoming products such as Hopper and Blackwell chips.
• The overall market, including other semiconductor companies, displayed gains despite Nvidia's setback. The Dow Jones Industrial Average reached new highs, backed by robust GDP growth and positive investor sentiment towards companies like Microsoft and Apple.
• The minor drop in Nvidia's stock suggests that investors maintain belief in the company's standing in the generative AI sector, even though the earnings outlook did not meet expectations, contributing to the decline.

12.08.2024 - NVDA Stock was up 7.1%

• NVDA stock surged over 8% on Wednesday.
• Speculation surrounding Nvidia AI chips potentially being utilized in Saudi Arabia may have influenced investor confidence in the company's growth prospects.
• Jensen Huang's positive comments on Nvidia's AI advancements likely played a part in the stock's upward trend.
• The notable bullish movement in NVDA stock today can be attributed to a combination of positive developments related to Nvidia's expansion and the overall strong performance of the market and tech sector.

11.08.2024 - NVDA Stock was up 5.1%

• NVDA shares closed higher, showcasing a continuation of positive momentum from prior trading sessions.
• Market focus on insider trades did not have a detrimental impact on NVDA, with investors maintaining confidence in the company's potential.
• The stock's bullish trajectory amidst market fluctuations could be linked to the overall favorable sentiment towards tech equities and NVDA's ability to navigate challenges effectively.
• NVDA's bullish trend might also be influenced by broader market optimism, reflected in the upbeat performance of the Nasdaq 100 index and other tech companies like Oracle, which surpassed earnings projections.

11.08.2024 - NVDA Stock was up 7.3%

• NVDA stock gained momentum following a 3.5% increase on Monday, rebounding from a 14% decline the previous week, showcasing resilience in the face of market volatility.
• The news of AMD gaining ground in the AI chip market may have indirectly benefited NVIDIA, as it reinforces the growing demand for such technologies, boosting investor confidence in NVDA's position in the market.
• Insider selling activities in NVDA were noted, which could be interpreted in various ways, but the overall market sentiment remained positive towards the stock, contributing to its bullish movement.
• The overall positive sentiment in tech stocks, as seen with strong earnings reports and the market's focus on discounted stocks like NVDA, further supported the bullish movement in NVIDIA's stock price.

06.08.2024 - NVDA Stock was down 5.2%

• Despite US export restrictions, reports of Nvidia's AI chips being available in China at discounted rates could be impacting the stock negatively.
• The bearish movement in Nvidia's stock could also be influenced by the overall weakness in the semiconductor sector, as indicated by the premarket decline of chip peers like Broadcom.
• The news of soaring demand boosting semiconductor sales, while positive for the industry, might not have been enough to offset the specific challenges faced by Nvidia today.
• The comparison of favorite stocks to favorite players in a fantasy portfolio by Jim Cramer, though interesting, is unlikely to have directly impacted the bearish movement in Nvidia's stock.

12.08.2024 - NVDA Stock was up 5.9%

• Shares of Nvidia surged over 8% after optimistic comments from CEO Jensen Huang about the potential of AI beyond data centers.
• Asian chip-related stocks saw a rally due to the renewed AI optimism, further boosting Nvidia's performance.
• Despite CEO Jensen Huang selling some Nvidia stock, the overall bullish sentiment remained strong, reflecting confidence in the company's growth prospects.
• Despite the news of AMD gaining traction in the AI chip market and increasing demands by Oracle, Nvidia's bullish momentum continued, highlighting the company's strong position in the industry.