Nvidia stock

2023 - 2 - 22

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Nvidia: Up Sharply On Continued AI Speculation (Seeking Alpha)

Nvidia stock surged close to 9% after it reported FY Q4 2023 results, beating analyst expectations. Read our take on NVDA stock here.

( [DELL](https://seekingalpha.com/symbol/DELL)) to expand the use of AI for commercial purposes. Nvidia stock surged close to 9% after the company reported FY Q4 2023 results, beating analyst expectations with regards to both the top line and earnings. [Nvidia](https://seekingalpha.com/symbol/NVDA/valuation/metrics?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link) is valued at a one-year forward P/E of x67, which represents a more than 173% valuation premium versus the information technology sector. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. We are set to help customers take advantage of breakthroughs in generative AI and large language models. Furthermore, the company's operating expenses for the quarter are estimated to be around $2.53 billion and $1.78 billion for GAAP and non-GAAP, respectively. Moreover, the growth of Nvidia's data center business, up 11% YoY, is an early bullish signal that supports the potential for continued benefits from artificial intelligence software, such as ChatGPT and Microsoft Bing's AI chatbot. With that frame of reference, in the The division made significant progress during the year by enhancing the capabilities of Nvidia Omniverse Enterprise to allow teams to build connected 3D pipelines and develop large-scale 3D works more efficiently -- partnering with Lockheed Martin Corporation ( According to CEO Huang, Nvidia is set to generate significant revenue from services such as selling access to supercomputers and pre-trained AI models, potentially [soon] generating "hundreds of millions of dollars" in sales. Similarly, on the backdrop of both margin and revenue expansion, Nvidia's operating income for FY Q4 2023 jumped to $2.2 billion, as compared to $1.5 billion for Q3 2023 (up 45% QoQ). In terms of profitability, NVDA achieved noteworthy improvements in FY Q4 2023, with GAAP gross margin expanding to 66.1%, up from 56.1% in FY Q3 2023.

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Nvidia Soars as Chipmaker Leans Into AI 'Inflection Point,' Touts ... (TheStreet)

Nvidia shares soared Thursday, touching the highest levels in more than a year, after CEO Jensen Huang touted the potential of the $600 billion market for ...

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Nvidia Delivers Beat-And-Raise Report Thanks To Data Center ... (Investor's Business Daily)

Graphics-chip maker Nvidia beat Wall Street views for its fiscal fourth quarter and guided higher for the current period. NVDA stock rose.

[IBD Stock Checkup](https://research.investors.com/stock-checkup/nasdaq-nvidia-nvda.aspx). The best growth stocks have a Composite Rating of 90 or better. He added, "We are set to help customers take advantage of breakthroughs in generative AI and large language models. During the regular session Wednesday, NVDA stock rose 0.5% to close at 207.54. But that topped Wall Street's target of $6.31 billion for the first quarter. Analysts polled by FactSet had predicted Nvidia earnings of 81 cents a share on sales of $6.02 billion. [SPS Commerce, IBD Stock Of The Day, Shows Resilience In Tough Climate](https://www.investors.com/research/ibd-stock-of-the-day/spsc-stock-sps-commerce-shows-resilience/) [PDF Solutions Pops On Upbeat Fourth-Quarter Earnings Report](https://www.investors.com/news/technology/pdfs-stock-pdf-solutions-spikes-to-record-high/) [Synopsys Stock Falls On Weak Guidance After Mixed Quarterly Report](https://www.investors.com/news/technology/snps-stock-synopsys-falls-on-weak-guidance/) [See Stocks On The List Of Leaders Near A Buy Point](https://www.investors.com/product/leaderboard/?artProdLink=Leaderboard) [MarketSmith: Research, Charts, Data And Coaching All In One Place](https://www.investors.com/product/marketsmith/?artProdLink=MarketSmith) However, data center chip sales rose 11% to $3.62 billion, fueled by cloud service providers investing in artificial intelligence technology. The Santa Clara, Calif.-based company earned an adjusted 88 cents a share on sales of $6.05 billion for the quarter ended Jan. It has an [IBD Composite Rating](https://www.investors.com/ibd-university/find-evaluate-stocks/exclusive-ratings/) of 85 out of 99. On a year-over-year basis, Nvidia earnings dropped 33% while sales sank 21%. [stock market today](https://www.investors.com/news/stock-market-today-stock-market-news/), NVDA stock jumped 7.1% to 222.18.

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Nvidia stock rises (Fudzilla)

Nvidia has increasingly been seen by investors as one of the chip stocks best positioned to endure an economic slowdown that hurts PC and semiconductor sales.

Nvidia reported $1.83 billion in fourth-quarter gaming revenue, a 46 per cent drop from the same time last year. Nvidia’s professional visualization business for designers reported $226 million in revenue, down 65% annually, and automotive revenue was $294 million, up 135 per cent from last year. The company said the growth was because US cloud service providers bought more products which is pretty much obvious.

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Nvidia shares up 13% on earnings and bullish outlook on A.I. (CNBC)

Nvidia shares moved sharply up after the chipmaker's top and bottom line beat prompted a slew of bullish analyst calls.

And in an about-face, Goldman Sachs' Toshiya Hari upgraded Nvidia to a buy rating and set a $275 price target. Analysts responded positively both to Nvidia's results and to growth in its data center business, with a slew of reiterated or upgraded ratings coming after the report. OpenAI's ChatGPT has captured interest worldwide, allowing people to experience AI firsthand, showing what's possible with generative AI," CEO Jensen Huang said on a Wednesday call with analysts. Analysts are also [bullish on the company's](https://www.cnbc.com/2023/02/23/ai-is-the-next-big-growth-opportunity-for-nvidia-wall-street-says.html) AI vision. "AI adoption is at an inflection point. It forecast $6.5 billion in sales for the upcoming quarter.

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Chip Maker Nvidia Shares Soar 14% As Imaginations For AI Future ... (Forbes)

Nvidia stock skyrocketed Thursday after the Silicon Valley chipmaker smashed on earnings and boasted about its ability to cash in on the artificial intelligence ...

Though the entire industry has boomed in recent years given its importance in advanced computing, Nvidia has been a Wall Street favorite given its robust AI business and as U.S. Nvidia is the largest chipmaker in the world by market cap, with a valuation of nearly $600 billion. Huang’s net worth surged by almost $3 billion Thursday thanks to the stock surge. Shares of the California-based technology giant are up 65% year-to-date, placing it among 2023’s top-performing stocks listed on the S&P 500, though Nvidia is still down nearly 30%from its November 2021 peak. The Nvidia cofounder’s $22 billion fortune is the 69th-largest in the world, according to Forbes’ [according](https://omdia.tech.informa.com/OM025281/Omdia-Market-Radar-AI-Processors-for-Cloud-and-Enterprise-Data-Centers--2022) to a survey of the market in 2020 by technology research firm Omdia.

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Why Nvidia Stock Is Skyrocketing Today - NVIDIA (NASDAQ:NVDA) (Benzinga)

Nvidia Corp. (NASDAQ: NVDA) shares were rallying over 8% in premarket trading on Thursday.

- Piper Sandler maintained an Overweight rating and hiked the price target from $225 to $275. - Barclays maintained a Buy rating and increased the price target from $250 to $275. - Mizuho maintained a Buy rating and upped the price target from $200 to $230. [better-than-expected fourth-quarter results ](https://www.benzinga.com/news/earnings/23/02/31018555/nvidia-stock-jumps-following-q4-beat-above-consensus-guidance-ceo-touts-ai-opportunity)and its first-quarter guidance that came in above the consensus. - JPMorgan maintained an Overweight rating and increased the price target from $220 to $250. - Oppenheimer maintained an Outperform rating and hiked the price target from $250 to $275.

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Jim Cramer's top 10 things to watch in the stock market Thursday ... (CNBC)

Nvidia (NVDA) AI is basically the only high-end artificial intelligence platform.

[Coterra Energy](/quotes/CTRA/) (CTRA) and [Pioneer Natural Resources](/quotes/PXD/) (PXD) deliver quarters that [surprised to the upside](https://www.cnbc.com/2023/02/22/coterra-pioneer-deliver-earnings-beats-even-as-dividends-are-lower.html), pushing their stocks higher. [Dow](/quotes/.DJI/) and the [S&P 500](/quotes/.SPX/) look to break their respective two-session and four-session losing streaks. A higher [Nasdaq](/quotes/.SPX/) close would be a back-to-back gain after a three-day losing run. [Wells Fargo](/quotes/WFC/) (WFC) did Wednesday night. [Better-than-expected quarter and guidance](https://www.cnbc.com/2023/02/22/nvidia-pops-after-strong-quarter-guidance-showing-why-the-stock-still-has-long-term-promise.html). Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. The stock up 6%. Just not enough earnings power here but going for growth. [Nvidia](/quotes/NVDA/) (NVDA) AI is basically the only high-end artificial intelligence platform. I swear they're allowed to make up whatever number they want as profits were caused by cost cuts. [Sign up for my Top 10 Morning Thoughts on the market email newsletter for free](https://www.cnbc.com/investingclub/) Guidance provided by Coterra and Pioneer echoed that of [Devon Energy](/quotes/DVN/) (DVN): softer production but higher capital expenditures in 2023.

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Nvidia Earnings: This Is Why the Stock Is Soaring in 2023 (Motley Fool)

You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get ...

The Motley Fool has a disclosure policy. The Motley Fool has positions in and recommends Nvidia. You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.

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Nvidia Stock Surges as Gaming Drives Earnings Beat | Investing.com (Investing.com)

Stocks Analysis by Shane Neagle covering: Microsoft Corporation, Oracle Corporation, Alphabet Inc Class A, NVIDIA Corporation. Read Shane Neagle's latest ...

Nvidia shares soared on Thursday after the chipmaker’s Q4 results and revenue guidance proved to be better-than-feared despite a slowdown in PC demand. The company wants to help its customers “take advantage of breakthroughs in generative AI and large language models. Huang said the company wants to establish an infrastructure that would place AI in reach of all enterprise customers. Analysts believe that Nvidia’s high-end graphics processors are well-equipped to train and operate machine learning (ML) software. Nvidia’s CFO Colette Kress said the YoY drop came due to an inventory correction, noting that its gaming business has now started to recover, especially in China. The company’s professional visualization division generated $226 million in revenue, down 65% YoY, while automotive revenue grew 135% from last year to $294 million. Nvidia’s sales skyrocketed during the pandemic as gamers invested in new graphics cards, though that growth saw a notable slowdown in the past year. Revenue came in at $6.05 billion, above the consensus projection of $6.00 billion. Additionally, the company also sold fewer chips for gaming consoles during the period, such as the one powering Nintendo’s Switch devices. But despite year-over-year (YoY) declines, investors viewed Nvidia as one of the well-positioned chip stocks to weather the ongoing economic downturn that continues to weigh on PC and chip sales. The tech giant reported gaming revenue of $1.83 billion in Q4, down 46% YoY. [Saved Items](/members-admin/saved-items)

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