Is anything about to derail Nvidia’s (NVDA) growth momentum? The GPU leader is enjoying an extended moment in the sun, when just about everything is going its way. An excellent F1Q21 report, the latest highlight, resulted in additional brawn to its ever-bulging share price – by now up 45% since the turn of the year.There’s more to come, argues Needham’s Rajvindra Gill, who calls Nvidia “the only perpetual growth story in semis.” The 5-star analyst has a Buy rating on Nvidia shares, accompanied by a $400 piece target. Expect additional upside of 17%, should the target be met over the next 12 months. (To watch Gill’s track record, click here)COVID-19’s devastating impact has not impeded Nvidia’s forward charge. In fact, as evidenced by the earnings results, it has boosted the narrative for Nvidia’s two main segments – Gaming and Data Center.The stay-at-home economy resulted in a 50% uptick for gaming hours on its GeForce platform. Overall, in the quarter, Gaming revenue (making up 43% of F1Q21 sales) increased year-over-year by 27% to $1.34 billion, beating the Street’s call for $1.31 billion.But the really impressive numbers are reserved for Nvidia’s Data Center. Making up 37% of overall sales, the segment still trails Gaming as Nvidia’s top earner, yet throughout F20 the division had been closing the gap and the most recent showing continued the trend.Data Center revenue came in at $1.14 billion, above the $1.08 billion estimate, exhibiting 80% year-over-year growth and up by 18% from the prior quarter’s results.With the additional purchase of data specialist Mellanox completed, Gill expects “data center strength to continue throughout FY21.”The 5-star analyst commented, “We believe data center, the end-market that we view as NVDA’s biggest growth engine, is experiencing a recovery as hyperscaler sales have ramped the past few quarters and visibility has improved. We expect the competitive dynamics in the data center market will exert pressure on its long-term positioning in this market; however, we believe several industries will transition to AI-based systems faster than before.”The rest of the Street has no bones to pick with the Needham analyst’s assessment. A Strong Buy consensus rating is based on 1 Sell, 3 Holds and a towering 27 Buys. With an average price target of $381 and a change, investors stand to take home about 12% gain, should the target be met over the next 12 months. (See Nvidia stock analysis on TipRanks)Read more: * Micron Is a Strong 5G Play, Says 5-Star Analyst * 3 “Perfect 10” Dividend Stocks That Tick all the Boxes * 3 “Strong Buy” Penny Stocks That Could See Outsized Gains More recent articles from Smarter Analyst: * Logitech Shares Lifted In Pre-Market On Share Buyback Plan, 10% Dividend Boost * Apple Snaps Up AI Startup Inductiv, As Analysts Boost PTs On Store Reopenings * Microsoft Seeks $2B Stake In India’s Jio Platforms- Report * Google Faces Arizona Lawsuit Over ‘Unfair’ Location Data Storing
Chip designers Advanced Micro Devices (NASDAQ: AMD) and NVIDIA (NASDAQ: NVDA) have been crossing proverbial swords for decades. They form a nearly unchallenged duopoly in the market for computer graphics processors, and the same chips can also churn through other types of advanced math problems at impressive speeds.
Profit-taking and rotation could be hurting NVDA, so play carefully to prevent this winner from becoming a loser.
You're not imagining things. Computers are getting smarter every day.Artificial intelligence (AI) is a not-so-new technology that involves "smart" computers capable of demonstrating intelligence, usually through solving problems or learning. As the horsepower behind AI improves, the technology is able to perform increasingly complex tasks, from identifying new sales opportunities to steering vehicles. And that technology is driving the best AI stocks to strong outperformance this year, with many equities that either use or help power artificial intelligence boasting double-digit gains against a down market.In fact, you probably use AI every day, whether you realize it or not. Artificial intelligence powers personal assistants such as Alexa, Cortana and Siri. It also guides the search results you plug into your computer or smartphone, and it often helps determine the advertisements you see.It's an incredible investing opportunity, too. AI stocks are gunning after a market poised to grow from $10.1 billion in 2018 to $126 billion in 2025, according to estimates by emerging-technology research and consulting firm Omdia | Tractica.Here, we look at 10 of the best AI stocks to buy for investors in it for the long haul. Each stock has already outperformed considerably year-to-date, and the coronavirus outbreak still might rattle them in the short-term. But each also shows plenty of promise looking out to 2021, 2022 and beyond. SEE ALSO: 20 Best Stocks to Buy Now for the Next Bull Market
The Nasdaq Composite (NASDAQINDEX: ^IXIC) has held up better during the coronavirus bear market than many of its broader benchmark peers, as investors have generally been optimistic about the prospects for the high-growth tech stocks that make up the bulk of the biggest companies that trade on the Nasdaq. Among the outstanding performers in the Nasdaq so far in 2020 have been NVIDIA (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD). NVIDIA came into Wednesday up nearly 50% year to date, and AMD had been higher by 16%.
Semiconductor maker Nvidia (NASDAQ: NVDA) long ago attained story stock status, but the company is adding new chapters to that book this year.The stock is up more than 172% off its March lows, helped by a 27.13% gain over the past month.Nvidia enters Tuesday about $50 billion shy of Intel (NASDAQ: INTC) for the title of largest U.S.-based semiconductor company by market value.With a price tag of $361, Nvidia isn't cheap by that metric and it's rapidly becoming difficult for smaller investors to amass large positions in the name. Enter exchange-traded funds.An interesting thing about Nvidia's relationship with the 232 ETFs in which it resides is that some of the funds with the largest positions in the stock aren't dedicated chip ETFs. Here are a few to consider.Global X Robotics & Artificial Intelligence ETF (BOTZ) The Global X Robotics & Artificial Intelligence ETF (NASDAQ: BOTZ) isn't just one of the largest robotics ETFs. It's the ETF with the largest Nvidia exposure and it's not a particularly close competition. BOTZ allocates 13.36% of its weight to the stock, an advantage of about 400 basis points over the next closest fund.Considering Nvidia's exposure to machine and deep learning, which are at the epicenter of a slew of artificial intelligence trends and technologies, the large weight BOTZ has to the stock is sensible.It's also meaningful as highlighted by BOTZ gaining nearly 18% over the past month.See Also: 9 Nvidia Analysts On Q1 Beat, Ampere GPU: 'A Pure Play In Accelerated Computing'VanEck Vectors Video Gaming and eSports ETF (ESPO) Fun fact about the VanEck Vectors Video Gaming and eSports ETF (NASDAQ: ESPO) and its 8.61% weight to Nvidia: only one dedicated semiconductor ETF has a larger allocation to the stock.As is the case with BOTZ, ESPO's Nvidia weight is sensible given the chip maker's rich tradition of producing graphics processing units (GPU) used by gamers, but there's more to the ESPO/Nvidia story and it has to do with the latter's exposure to cloud gaming, which is a new frontier of gaming industry growth."Cloud gaming has multiple benefits for gamers. It's much cheaper since there's no need to buy consoles or gaming PC's, and if the user's smartphone or other connected device breaks or freezes temporarily while cloud gaming, the game can be picked up at the same exact spot later. The biggest benefit for cloud gamers, though, is that they can play any game they want, anywhere they go, and on any device they choose," according to IHS Markit.Inspire 100 ETF (BIBL) The Inspire 100 ETF (NYSE: BIBL) is a faith-based ETF with some environmental, social and governance (ESG) leanings. The fund excludes companies with exposure to gambling, alcohol, tobacco, pornography, the LGBT lifestyle and civil rights violations.Exclusionary tactics such as those often lead to large technology weights and BIBL has that at over 21%. Nvidia is the fund's largest component at north of 5%.See more from Benzinga * Ready Player One: 3 ETFs For Video Game Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Yahoo Finance's Jared Blikre joins Seana Smith to break down the day's price action in stocks as well as a long in Nvidia (NVDA), a Yahoo Finance Premium Investment Idea.
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We screened for strong chip stocks that investors might want to consider buying for the coronavirus rally and beyond...
Two Companies with Strong Balance Sheets.
The S&P 500 has rallied 1.2% on May 26, topping the 3,000-mark for the first time since Mar 5.
If you’re attempting to day trade stocks, steer clear of these 7 rookie blunders, writes Michael Sincere.
Such is the new world of tech conferences in the age of COVID-19. They’ve gone all-digital, like Build and GTC Digital, and may never be the same. Absent a vaccine, the days of thousands of people herded into hotel ballrooms and convention centers like cattle, sharing cabs and eating in cramped quarters, are gone.
Jim Cramer shares stock market news including buying Nvidia stock, Dr. Fauci impacting stocks, and Southwest Airlines being up this week.
NVIDIA today announced it will hold its 2020 Annual Meeting of Stockholders online on Tuesday, June 9, 2020, at 11 am PT. Stockholders will need their control number included in their notice or proxy card to access the meeting, and may vote and submit questions while attending the meeting. The matters to be voted on at the meeting are set forth in the company’s Proxy Statement filed on April 29, 2020, with the U.S. Securities and Exchange Commission.
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Long gone are the days of NVIDIA (NASDAQ: NVDA) the "video game company." In the graphics processing unit (GPU) pioneer's first quarter of fiscal 2021 (the three months ended April 26, 2020), another segment was nearly as large as video games: data centers. With the long-awaited purchase of Mellanox closing on the first day of Q2, data centers could wind up being the largest reporting segment at NVIDIA from this point forward.
Is (NVDA) Outperforming Other Computer and Technology Stocks This Year?
The technology sector is comprised of businesses that sell goods and services in electronics, software, computers, artificial intelligence, and other industries related to information technology (IT).
Advanced Micro Devices (NASDAQ: AMD) is showing no signs of slowing down despite the adverse impact of the COVID-19 outbreak on businesses and economies around the globe. According to Mercury Research, AMD held 4.5% of the server processor market at the end of 2019. There are rumors that the chipmaker is aiming to attain 10% market share in server CPUs (central processing units) by the end of 2020 -- and seems to be making solid progress toward its goal.