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Nasdaq NVDA Nvidia

Noteworthy Friday Option Activity: NVDA, DIS, NOW

3 years 10 months ago
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in NVIDIA Corp (Symbol: NVDA), where a total of 405,821 contracts have traded so far, representing approximately 40.6 million underlying shares. That amounts to about 96% o

Notable ETF Inflow Detected - ITOT, UNH, GOOG, NVDA

3 years 10 months ago
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Total U.S. Stock Market ETF (Symbol: ITOT) where we have detected an approximate $223.6 million dollar inflow -- that's a 0.6%

3 Nasdaq Stocks That Are Up 25% in 3 Months

3 years 10 months ago
The Nasdaq Composite has plummeted 33% this year, but there are signs that for at least some stocks, brighter days could be on the horizon. Entering this week, three Nasdaq stocks were up 25% in just the past three months. Among the hottest buys of late are chipmaker Nvidia (NASD

Stock Market News for Dec 23, 2022

3 years 10 months ago
U.S. stock markets closed sharply lower on Thursday resuming December selloff after two days of positive ending. Market participants remained extremely concerned about a recession in 2023. Several strong economic data have negative impact on investors’ sentiment that the

Did Micron Earnings Tank AMD and Nvidia Stock?

3 years 10 months ago
Today's video focuses on Micron Technology (NASDAQ: MU) and its recent earnings report, which may have brought some bearish sentiments to chip stocks like Advanced Micro Devices (NASDAQ: AMD) and Nvidia (NASDAQ: NVDA). Check out the short video to learn more, consider subscribing

Why Micron Melted Down and Intel, AMD, and Nvidia Followed

3 years 10 months ago
What happened Thursday is looking like a miserable day to own semiconductor stocks. Last night, after close of trading, computer memory-maker Micron (NASDAQ: MU) reported a fiscal Q1 2023 loss four times bigger than expected, and added that it also missed on sales. Instead of Wal

Is This the End for Intel Stock? Or a New Beginning?

3 years 10 months ago
Today's video focuses on Intel (NASDAQ: INTC) and a closer look at the hurdles this semiconductor giant must overcome before it can be a top chip stock again. Check out the short video to learn more, consider subscribing, and click the special offer link below.

Needham Names NVIDIA a Top Stock Pick for 2023

3 years 10 months ago
After several years of enormous real-world growth reflected in the stock’s ascent, NVIDIA's ( NVDA ) 2022 has been a rather different affair. A sharp drop in gaming sales, softness in the data center business and the constraints put on the exports of state-of-the-art data center chips to China have all been issues the company has had to contend with. The result has been a stock that has shaved 44% off its value, a worse showing than the SOX’s (the major semiconductor index) 33% drop. But with 2023 now clearly in view, Needham analyst Rajvindra Gill thinks it’s time to look at the chip giant in a new light. In fact, heading into the new year, such is Gill’s confidence in a turnaound, he has designated Nvidia with 'Top Pick' status. Explaining his stance, the 5-star analyst said, “As we exit one of the semiconductor industry's most volatile years, investors should focus on companies where both the consensus estimates and the end-markets have largely corrected.” And for Nvidia, they most certainly have. The graphics segment has dropped ~30% year-over-year, while China data center has fallen at a similar rate. Yet, Gill thinks we are “approaching a bottom in the gaming segment” in C1Q23. And while the analyst thinks volatility could indeed be in the cards for the overall data center market next year, he believes NVDA’s clients are “upgrading to the latest H100 architecture.” As for EPS consensus estimates, for CY23, these have come down by 31% over the past year, with “underutilization” also negatively impacting them. “NVIDIA took large inventory charges ($1.22BN in F2Q and $702MM in F3Q) related to the weaker gaming and crypto outlook,” Gill noted. “That headwind could abate and reflect higher margins not currently built into estimates.” There’s also been a 20% drop in CY23 sales estimates. But based on the “transition to AI workloads and the adoption of new products (H100, Grace, Thor etc.),” Gill is expecting growth to accelerate in CY23 and CY24 and this sets up the company nicely. With this in mind, Gill bumped his price target on NVDA from $200 to $230, making room for 12-month returns of 39%. The 5-star analyst’s rating stays a Buy. (To watch Gill’s track record, click here ) Most other Street analysts remain in NVDA’s corner; based on 22 Buys, 6 Holds and 1 Sell, the stock claims a Moderate Buy consensus rating. Investors will be sitting on returns of ~23%, should the $202.33 average target be met a year from now. ( See Nvidia stock forecast on TipRanks) To find good ideas for stocks trading at attractive valuations, visit TipRanks’  Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

Why Intel Stock Shot Higher on Wednesday

3 years 10 months ago
What happened A onetime investor darling that has somewhat fallen out of favor, Intel (NASDAQ: INTC) had a good session on the stock market Wednesday. On news of an adjustment in its corporate structure, investors traded the chipmaker's share price up by nearly 1.5%.
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