NVIDIA (NVDA) PT Lowered to $800 at UBS, 'AI Still Early Innings'

NVIDIA (NVDA) PT Raised to $925 at New Street Research

February 23, 2024 9:21 AM EST

New Street Research analyst Pierre Ferragu raised the price target on NVIDIA (NASDAQ: NVDA) to $925.00 (from $535.00) while maintaining a Buy rating.

... More

NVIDIA (NVDA) PT Raised to $840 at CFRA

February 22, 2024 2:22 PM EST

CFRA analyst Angelo Zino raised the price target on NVIDIA (NASDAQ: NVDA) to $840.00 (from $700.00) while maintaining a Buy rating.

The analyst comments "We lift our 12-month target to $840 from $700, on P/E of 30x our CY 25 EPS view, above peers/ below... More

NVIDIA (NVDA) PT Raised to $875 at Goldman Sachs, 'Robust Gen AI infrastructure'

February 22, 2024 4:16 AM EST

Goldman Sachs analyst Toshiya Hari raised the price target on NVIDIA (NASDAQ: NVDA) to $875.00 (from $800.00) while maintaining a Conviction Buy rating.

The analyst comments "

Nvidia delivered against what was seemingly a very high bar with Data Center once again serving as the key growth driver. Looking ahead, despite the >3x yoy increase in Data Center revenue in... More

NVIDIA (NVDA) PT Raised to $911 at Truist Securities, 'Buy NDA for persistent AI leadership'

February 22, 2024 3:14 AM EST

(Updated - February 22, 2024 4:14 AM EST)

Truist Securities analyst William Stein raised the price target on NVIDIA (NASDAQ: NVDA) to $911.00 (from $691.00) while maintaining a Buy rating.

The analyst comments "NVDA's upside is "big enough" for the stock to continue to run. NVDA's... More

NVIDIA (NVDA) PT Raised to $925 at BofA Securities

February 22, 2024 3:13 AM EST

BofA Securities analyst Vivek Arya raised the price target on NVIDIA (NASDAQ: NVDA) to $925.00 (from $800.00) while maintaining a Buy rating.... More

NVIDIA (NVDA) PT Raised to $795 at Morgan Stanley, 'shines vs. high expectations'

February 22, 2024 2:45 AM EST

(Updated - February 22, 2024 4:13 AM EST)

Morgan Stanley analyst Joseph Moore raised the price target on NVIDIA (NASDAQ: NVDA) to $795.00 (from $750.00) while maintaining a Overweight rating.

The analyst comments "The focus on declining H100 lead times created a buying opportunity in December as we had highlighted, and in our view the move from $500 to $600 was from indications that short term demand remained... More

NVIDIA (NVDA) PT Raised to $900 at Wolfe Research, Remains on Wolfe Alpha List

February 22, 2024 2:44 AM EST

Wolfe Research analyst Chris Caso raised the price target on NVIDIA (NASDAQ: NVDA) to $900.00 (from $630.00) while maintaining a Outperform rating.

The analyst comments "NVDA posted another strong quarter, with continued strength in AI demand. While incremental supply has been added, demand still... More

NVIDIA (NVDA) PT Raised to $1,000 at Bernstein, 'Mo' money, no problems...'

February 22, 2024 2:44 AM EST

(Updated - February 22, 2024 4:09 AM EST)

Bernstein analyst Stacy Rasgon raised the price target on NVIDIA (NASDAQ: NVDA) to $1,000.00 (from $700.00) while maintaining a Outperform rating.

The analyst comments "NVIDIA's FQ4 results were once again remarkable, well above consensus ($22,103M/$5.16 vs Street at $20,412M/$4.60) with upside across all segments though driven primarily by Datacenter which rose to new record levels of ~$18.4B (Street at ~$17.2B). Amid high expectations the company once again delivered, with very strong FQ1 guidance... More

NVIDIA (NVDA) PT Raised to $900 at Cantor Fitzgerald, 'remains a TOP PICK'

February 22, 2024 2:43 AM EST

(Updated - February 22, 2024 6:44 AM EST)

Cantor Fitzgerald analyst C.J. Muse raised the price target on NVIDIA (NASDAQ: NVDA) to $900.00 (from $775.00) while maintaining a Overweight rating.

The analyst comments "Amidst very high expectations, NVIDIA certainly delivered tonight. $2B beat... More

NVIDIA (NVDA) PT Raised to $620 at DA Davidson, Remains Sidelined, 'Accelerated Demand Driving Unprecedented Growth'

February 22, 2024 2:42 AM EST

(Updated - February 22, 2024 4:11 AM EST)

DA Davidson analyst Gil Luria raised the price target on NVIDIA (NASDAQ: NVDA) to $620.00 (from $410.00) while maintaining a Neutral rating.

The analyst comments "Strong 4Q24 earnings were underscored by a notable beat on both top-line and... More

NVIDIA (NVDA) PT Raised to $720 at Deutsche Bank, 'The joyride continues'

February 22, 2024 2:41 AM EST

(Updated - February 22, 2024 4:38 AM EST)

Deutsche Bank analyst Ross Seymore raised the price target on NVIDIA (NASDAQ: NVDA) to $720.00 (from $560.00) while maintaining a Hold rating.

The analyst comments "As previewed, NVDA delivered its fourth straight quarter of multi-billion dollar revenue upside, albeit with this beat largely already... More

NVIDIA (NVDA) PT Raised to $910 at Stifel, 'AI Growth Continues to Impress'

February 22, 2024 2:41 AM EST

(Updated - February 22, 2024 4:39 AM EST)

Stifel analyst Ruben Roy raised the price target on NVIDIA (NASDAQ: NVDA) to $910.00 (from $865.00) while maintaining a Buy rating.

The analyst comments "NVDA delivered on high expectations with acceleration in DC segment revenue (+409% y/y) and a... More

NVIDIA (NVDA) PT Raised to $850 at JPMorgan, 'Demand Continues to Outstrip Supply Through CY24'

February 22, 2024 2:40 AM EST

(Updated - February 22, 2024 4:10 AM EST)

JPMorgan analyst Harlan Sur raised the price target on NVIDIA (NASDAQ: NVDA) to $850.00 (from $650.00) while maintaining a Overweight rating.

The analyst comments "NVIDIA reported Jan results (revenue/GMs/EPS ) well above consensus and off of a higher Jan-Qtr revenue base, the team guided to a 9% Q/Q increase in the Apr-Qtr, well-above consensus on continued strong spending from its customers to support their AI/accelerated compute initiatives (both training/inference). More importantly, the team noted that demand will continue to outstrip supply through... More

NVIDIA (NVDA) PT Raised to $880 at HSBC

February 22, 2024 2:30 AM EST

HSBC analyst Frank Lee raised the price target on NVIDIA (NASDAQ: NVDA) to $880.00 (from $835.00) while maintaining a Buy rating.... More

NVIDIA (NVDA) PT Raised to $1,100 at KeyBanc, 'Strong Gen AI Demand Improving Supply Drives Beat and Raise Results'

February 22, 2024 2:16 AM EST

KeyBanc analyst John Vinh raised the price target on NVIDIA (NASDAQ: NVDA) to $1,100.00 (from $740.00) while maintaining a Overweight rating.

The analyst comments "NVDA reported F4Q results and F1Q guidance, which were well above expectations. Upside was mainly due to... More

Falling Magnificent 7 volatility suggests U.S. stock market not in a bubble - BofA

February 21, 2024 5:16 PM EST

Investing.com -- A decline in volatility in the so-called Magnificent 7 group of megacap stocks suggests that the U.S. stock market is not yet in a bubble, according to analysts at Bank of America Securities.

Shares in these companies -- Nvidia (NASDAQ: NVDA), Apple (NASDAQ: AAPL),... More

Falling Magnificent 7 volatility suggests U.S. stock market not in a bubble - BofA

February 21, 2024 5:16 PM EST

Investing.com -- A decline in volatility in the so-called Magnificent 7 group of megacap stocks suggests that the U.S. stock market is not yet in a bubble, according to analysts at Bank of America Securities.

Shares in these companies -- Nvidia (NASDAQ: NVDA), Apple (NASDAQ: AAPL),... More

After-hours movers: NVIDIA surges, Rivian sinks, and more

February 21, 2024 5:09 PM EST

After-Hours Stock Movers:

NVIDIA Corporation (NASDAQ: NVDA) shares surged 9.5% after the chip maker beat earnings expectations for the fourth quarter and issuing guidance that topped views. Other AI-related stocks including Super Micro Computer (NASDAQ: SMCI), AMD... More

Citi Comments on NVIDIA (NVDA) Earnings, Offers Focus Points Before The Conference Call

February 21, 2024 4:59 PM EST

Citi analyst Atif Malik reiterated a Buy rating and $575.00 price target on NVIDIA (NASDAQ: NVDA)

The analyst comments "Fundamentals: NVDA reported Jan-Q revs/non-GAAP EPS (ex-SBC) of $22.1B/$5.16 vs. our $20B/$4.58 (ex-SBC) and Streets (FactSet) $20.4B/$4.59 and guided Apr-Q revenue to $24B (at MP) vs. our $20B and Streets $21.5B. Higher Hopper GPU shipments... More

Nvidia to set the tone

February 21, 2024 4:46 PM EST

By Jamie McGeever

(Reuters) - A look at the day ahead in Asian markets.

Equity markets across Asia are likely to rise on Thursday, assuming the initial gains in Nvidia shares in after-hours U.S. trading on Wednesday following the company's fourth-quarter earnings are sustained.

The U.S. chip-making and artificial intelligence giant won't be the only influence - traders in Asia have on their plate PMI reports from Japan, Australia and India; inflation data from Hong Kong; and South Korea's latest interest rate decision and guidance. 

They will also have the chance to... More

Nvidia guidance tops estimates as AI-led chip demand continues; shares jump

February 21, 2024 4:41 PM EST

(Updated - February 22, 2024 3:47 AM EST)

Investing.com -- Nvidia reported Wednesday better-than-expected guidance and fiscal fourth-quarter results as an artificial intelligence-led surge in demand for chips helped ease the hit from the U.S. chip export ban to China.

Nvidia (NASDAQ: NVDA) rose in extended trading following the report.

Chief Executive Jensen Huang, weighing in on the soaring enthusiasm for AI that has fueled a surge in the... More

NVIDIA (NVDA) now up 6% following beat and raise

February 21, 2024 4:37 PM EST

NVIDIA (NASDAQ: NVDA) is now up 6% following its latest beat-and-raise, the initial kneejerk to the report was down over 3%:

reported Q4 EPS of $5.16, $0.55 better than the analyst estimate of $4.61. Revenue for the quarter came in at $22.1 billion versus the consensus estimate of $20.55... More

Nvidia stock surges as revenue forecast tops estimates, AI demand continues

February 21, 2024 4:26 PM EST

By Arsheeya Bajwa and Max A. Cherney

(Reuters) -Nvidia on Wednesday forecast a roughly threefold surge in quarterly revenue that handily beat estimates as the company banked on towering demand for its industry-leading artificial-intelligence chips, sending its shares up 10% after-hours.

The already-hefty demand for the company's data center chips and graphics processing units (GPUs) continues to grow as firms scramble to expand their AI offerings. Nvidia's silicon dominates the global market for AI chips, where it counts the likes of Microsoft among its customers.

"The market was poised to sell the news following Nvidia's earnings, given the... More

NVIDIA (NVDA) stock whipsaws following beat and raise

February 21, 2024 4:25 PM EST

NVIDIA (NASDAQ: NVDA) stock whipsaws following beat and raise, last up 1% but had been down over 3%

reported Q4 EPS of $5.16, $0.55 better than the analyst estimate of $4.61. Revenue for the quarter came in at $22.1 billion versus the consensus estimate of $20.55 billion.NVIDIA... More

NVIDIA (NVDA) Tops Q4 EPS by 55c

February 21, 2024 4:22 PM EST

NVIDIA (NASDAQ: NVDA) reported Q4 EPS of $5.16, $0.55 better than the analyst estimate of $4.61. Revenue for the quarter came in at $22.1 billion versus the consensus estimate of $20.55 billion.

GUIDANCE:

NVIDIA sees Q1 2025 revenue of $24 billion, versus the consensus of $22... More

NVIDIA (NVDA) call put ratio 1.5 calls to 1 put into quarter results

February 21, 2024 2:40 PM EST

NVIDIA (NASDAQ: NVDA) February weekly call option implied volatility is at 165, March is at 66; compared to its 52-week range of 32 to 68 into the expected release of quarter results today after the bell and NVIDIA hosting its flagship GTC 2024 conference at the San Jose Convention Center from March 18-21.

... More

NVIDIA (NVDA) option IV into quarter results and outlook

February 21, 2024 10:42 AM EST

NVIDIA (NASDAQ: NVDA) February weekly call option implied volatility is at 170, March is at 68; compared to its 52-week range of 32 to 68 into the expected release of quarter results today after the bell and NVIDIA hosting its flagship GTC 2024 conference at the San Jose Convention Center from March 18-21.

... More

Wall St awaits Nvidia earnings as analysts call it "Earth's most important stock"

February 21, 2024 10:02 AM EST

Investing.com -- Nvidia (NASDAQ: NVDA) will unveil one of the most hotly-anticipated earnings releases in recent memory after the U.S. market close on Wednesday, with analysts hoping that the artificial intelligence chipmaking giant posts a more than three-fold jump in revenue.

For traders, the results could provide justification for Nvidias sharp run-up in valuation, currently at a forward price-to-earnings ratio of a little over 32.

But the figures may also prove to be major check-up on a massive surge in hype around AI that has helped to underpin... More

Google (GOOGL) introduces open-source AI models, Gemma

February 21, 2024 8:45 AM EST

On Wednesday, Google (NASDAQ: GOOGL) unveiled new open artificial intelligence (AI) models dubbed Gemma.

The new initiative allows both individuals and businesses to create their own AI software using "open models" at no cost, following similar moves by Meta Platforms (NASDAQ: META) and other tech companies.

Google is also sharing crucial technical information, including model weights, with the public.

With... More

Microsoft (MSFT) develops AI server network card to reduce Nvidia dependence - report

February 21, 2024 8:15 AM EST

Microsoft (NASDAQ: MSFT) is working on a new network card aimed at enhancing the performance of its Maia AI server chip, a move that might decrease its dependence on Nvidia (NASDAQ: NVDA), The Information reported on... More

Midday movers: Nvidia, Walgreens, Palo Alto Networks and Teladoc fall

February 21, 2024 8:15 AM EST

(Updated - February 21, 2024 11:16 AM EST)

Investing.com -- Main U.S. indexes fell Wednesday as investors digested a raft of corporate earnings ahead of the release of the minutes of the latest Federal Reserve meeting.

Here are some of the biggest U.S. stock movers today:

Nvidia (NASDAQ: NVDA) stock fell 2.1% ahead of the release of quarterly earnings from the artificial intelligence chipmaking... More

European stocks mixed; HSBC weighs on UK market

February 21, 2024 5:20 AM EST

Investing.com - European stock markets traded in a mixed fashion Wednesday, with investors digesting a raft of corporate results, including disappointment from heavyweight HSBC. 

At 03:05 ET (08:05 GMT), the DAX index in Germany traded 0.1% higher, the CAC 40 in France traded up 0.1%, while the FTSE 100 in the U.K. dropped 0.5%.

HSBC hit by Chinese impairment; Nvidia due later 

Its the corporate sector that is in the spotlight Wednesday, as the quarterly earnings season continued in full flow.

The days... More

Nvidia to report, Fed minutes in focus - what's moving markets

February 21, 2024 5:20 AM EST

Investing.com -- U.S. stock futures tick marginally lower ahead of a busy day that will feature much-anticipated results from AI-darling Nvidia (NASDAQ: NVDA) and minutes from the Federal Reserve's January gathering. Elsewhere, Amazon (NASDAQ: AMZN) founder Jeff Bezos sells a fresh batch of shares in the e-commerce behemoth, bringing the proceeds from a raft of recent stock sales to $8.5 billion.

1. Futures marginally lower

U.S. stock futures pointed slightly lower on Wednesday, as investors geared up for key earnings from artificial intelligence... More

NVIDIA (NVDA) option IV into NVIDIA hosting its flagship GTC 2024 conference

February 21, 2024 4:34 AM EST

NVIDIA (NASDAQ: NVDA) February weekly call option implied volatility is at 103, March is at 67; compared to its 52-week range of 32 to 68 into the expected release of quarter results today after the bell and NVIDIA hosting its flagship GTC 2024 conference at the San Jose Convention Center from March 18-21.

... More

NVIDIA (NVDA) February weekly 695 straddle into quarter results

February 21, 2024 4:29 AM EST

NVIDIA (NASDAQ: NVDA) February weekly 695 straddle priced for a move of 11.5% into the expected release of quarter results today after the bell.

... More

NVIDIA (NVDA) option IV into quarter results and comments

February 21, 2024 4:02 AM EST

NVIDIA (NASDAQ: NVDA) February weekly call option implied volatility is at 103, March is at 67; compared to its 52-week range of 32 to 68 into the expected release of quarter results today after the bell.

... More

Shares in these Asian tech companies could rally on Nvidia's (NVDA) guidance

February 20, 2024 11:00 PM EST

Morgan Stanley highlighted four Asian technology companies that could rally on Nvidia's guidance in separate notes Tuesday, naming each one a catalyst driven idea.

Taiwan Semi (NYSE: TSM) was one of the first stocks named, with analysts at the investment bank... More

NVIDIA (NVDA) option IV elevated as share price down 6% into quarter results

February 20, 2024 1:50 PM EST

NVIDIA (NASDAQ: NVDA) February weekly call option implied volatility is at 153, March is at 68; compared to its 52-week range of 32 to 68 into the expected release of quarter results after the bell on February 21.

... More

NVIDIA (NVDA) call put ratio 1.4 calls to 1 put into quarter results

February 20, 2024 11:30 AM EST

NVIDIA (NASDAQ: NVDA) February weekly call option implied volatility is at 155, March is at 71; compared to its 52-week range of 32 to 68 into the expected release of quarter results after the bell on February 21. Call put ratio 1.4 calls to 1 put.

... More

Microsoft (MSFT) develops AI server gear to lesson reliance on NVIDIA (NVDA) - The Information

February 20, 2024 11:11 AM EST

Microsoft (NASDAQ: MSFT) develops AI server gear to lesson reliance on NVIDIA (NASDAQ: NVDA) - The Information

Microsoft makes alternative to Nvidia network card... More

NVIDIA (NVDA) February weekly option implied volatility into quarter results

February 20, 2024 10:30 AM EST

NVIDIA (NASDAQ: NVDA) February weekly call option implied volatility is at 158, March is at 71; compared to its 52-week range of 32 to 68 into the expected release of quarter results after the bell on February 21.

... More

Midday movers: Walmart, Discover rise; Home Depot falls

February 20, 2024 8:21 AM EST

(Updated - February 20, 2024 11:07 AM EST)

Investing.com -- U.S. futures fell Tuesday as investors returned to their desks after a long weekend and prepared for a deluge of quarterly corporate earnings during the week. The tech-heavy Nasdaq underperformed as semiconductor stocks traded sharply lower.

Here are some of the biggest U.S. stock movers today:

Walmart (NYSE: WMT) stock rose 3.9% after the retail giants fourth-quarter sales and earnings beat estimates and it raised its annual dividend by... More

NVIDIA (NVDA) Mentioned Positively at Rosenblatt

February 20, 2024 6:48 AM EST

Rosenblatt analyst Hans Mosesmann reiterated a Buy rating and $1,100.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "We see Nvidia beating and raising for the January quarter print and guide on product cycle momentum in Hopper, Grace-Hopper, Networking, Software, and upcoming... More

NVIDIA (NVDA) PT Raised to $1,050 at Baird, Remains Top Idea

February 20, 2024 6:48 AM EST

Baird analyst Tristan Gerra raised the price target on NVIDIA (NASDAQ: NVDA) to $1,050.00 (from $750.00) while maintaining a Outperform rating.

The analyst comments "Per our Asia field trip, demand for Nvidias AI solutions remains unabated, with momentum from enterprise customers now rapidly building. Upcoming... More

Nvidia's surging growth may still disappoint some investors

February 20, 2024 6:20 AM EST

By Arsheeya Bajwa

(Reuters) -Nvidia is set to post a more than three-fold surge in its fourth-quarter revenue on Wednesday, the same as in the previous quarter, as demand for its chips that dominate the market for artificial intelligence outstrips supply.

But even that remarkable growth may disappoint some investors who have become accustomed to Nvidia blasting past analyst expectations, which has led to a bull run in its stock since the beginning of 2023.

Nvidia recently left Amazon.com behind to become the fourth most valuable U.S. company, and is now head-to-head with Alphabet... More

Nvidia projected to deliver stronger-than-expected fourth-quarter revenue - Stifel

February 20, 2024 5:48 AM EST

Investing.com -- Nvidia (NASDAQ: NVDA) is expected to post stronger-than-anticipated results when it releases its latest quarterly earnings this week, but key questions still hover around the chipmaking giant's outlook, according to analysts at Stifel.

Nvidia's stock price has more than tripled in the past 12 months thanks in large part to a spike in interest in its high-end graphics processors, which are considered to be... More

Asian stocks find little cheer from China’s interest rate cut

February 20, 2024 5:41 AM EST

Investing.com-- Most Asian stocks retreated on Tuesday, extending recent losses as persistent concerns over slowing economic growth and high U.S. interest rates largely offset a bigger-than-expected cut in Chinas benchmark lending rate.

Chinese markets fell slightly after a largely underwhelming return from the week-long Lunar New Year holiday, while a bigger-than-expected cut in the five-year loan prime rate failed to inspire confidence.

The bluechip Shanghai Shenzhen CSI 300 and Shanghai Composite indexes fell 0.3% and 0.1%, respectively, while losses in mainland stocks dragged Hong Kongs Hang Seng index down 0.4%. All three... More