Nvidia says video gaming market slowing; shares drop 7%

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Go back to Nvidia says video gaming market slowing; shares drop 7%

Benchmark Assumes NVIDIA (NVDA) at Buy, 'Strong Quarter but Weakness in China and Russia not Surprising'

May 26, 2022 7:22 AM EDT

Benchmark analyst Cody Acree assumes coverage on NVIDIA (NASDAQ: NVDA) with a Buy rating and a price target of $228.00.

The analyst comments "We are assuming coverage with a Buy Rating and setting a $228 price target, down from $365. NVDA turned in another strong quarter with record quarterly revenue from Data Center and Gaming both growing solidly QoQ and YoY, offsetting Auto softness on new product transitions and ongoing OEM production headwinds and a sequential decline in Professional Visualization, as... More

NVIDIA (NVDA) Raises Stock Buyback Plan to $15 Billion

May 25, 2022 4:54 PM EDT

With earnings, NVIDIA (NASDAQ: NVDA) announced that on May 23, 2022, the board of directors increased and extended the companys share repurchase program to repurchase additional common stock up to a total of $15 billion through December 2023.

... More