NVDA) stock

Nvidia stock has fallen about 11% over the past 12 months. Justin Sullivan/Getty Images. Nvidia's revenue forecast for the current quarter came in above ...

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Nvidia's stock popped 17% in after-hours trading after the company's Q4 results came in better than expected on the strength of its automotive division.

[ expected $6 billion](https://www.forbes.com/sites/digital-assets/2023/02/20/nvidia-investors-focus-on-the-future-after-rough-year/?sh=4484650c2953). More information on product launches and the company’s strategy towards AI is expected to be released during Nvidia’s developer conference in March, according to several analysts. The unit made $226 million in sales during the quarter, down 65% from last year and 4% below what Wall Street expected. [Nvidia’s](https://www.forbes.com/companies/nvidia/?sh=37e4d2981c85) stock popped 17% in after-hours trading after the company’s Q4 results came in better than expected on the strength of its automotive division. The division is home to the Nvidia Omniverse, the company's vision for an industrial metaverse that provides simulations for developing artificial intelligence-based robots and autonomous vehicles. Sales for the division came in at $294 million, 13% higher than forecasts.

After the bell rings to bring today's market action to an end, Nvidia (NASDAQ:NVDA) will take its turn to deliver its latest quarterly statement.

(To watch Srivastava’s track record, Going by the $233.73 average target, a year from now, the shares are expected to surge ~13%. Elsewhere on the Street, most are also backing Nvidia’s case; with a total of 16 Buys, 4 Holds and 2 Sells, the stock claims a Moderate Buy consensus rating. Srivastava’s rating stays an Outperform (i.e., Buy). “Thematically,” says the 5-star analyst, “Nvidia has started to capture investor imagination on the first potentially big AI inference application in the Chatbot world: ChatGPT. As a leader in the space, Nvidia stands to benefit greatly from the increasing usage of AI, as noted by Rosenblatt 5-star analyst Hans Mosesmann.

Nvidia released Q4 earnings late Wednesday. NVDA stock immediately shot higher on EPS beat. Revenue dropped 21% YoY. Nvidia stock has risen into a resistance ...

The author makes no representations as to the accuracy, completeness, or suitability of this information. GBP/USD has extended its slide and dropped below 1.0950 in the American session on Friday. Block (SQ) stock surged 8% in Friday's premarket as the market got excited over the payments firm's mixed results. The author will not be held responsible for information that is found at the end of links posted on this page. The author has not received compensation for writing this article, other than from FXStreet. Data center revenue missed expectations in this quarter as well, but the return of Nvidia's gaming segment in Q4 seems to have saved the quarter. Gaming revenue of $1.83 billion came in well above the $1.6 billion expectation. It also does not guarantee that this information is of a timely nature. A break of $230 would have bulls eyeing $260, but I am not certain that is the easiest path at the moment. Nvidia revealed adjusted earnings per share (EPS) in the quarter ending in December of $0.88, a solid 10% ahead of analyst consensus. Nvidia's revenue was still down 21% YoY, largely due to the severe decline in gaming revenue seen over the past two quarters. [stock](https://www.fxstreet.com/markets/equities) surged 8.4% in Thursday's premarket after the premier US chip designer released fourth quarter earnings that came in ahead of Wall Street expectations.

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.

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 ...

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.

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.

Nvidia reported positive earnings, but that's not the only reason interest is rising. Here are the top investors betting on NVDA stock.

[NVDA](https://investorplace.com/stock-quotes/nvda-stock-quote/)). On the date of publication, Samuel O’Brient did not have (either directly or indirectly) any positions in the securities mentioned in this article. As InvestorPlace contributor Joel Baglole [reports](https://investorplace.com/2023/02/7-high-growth-tech-stocks-to-keep-your-eyes-on/): [STT](https://investorplace.com/stock-quotes/stt-stock-quote/)): 97,703,214 shares. [BLK](https://investorplace.com/stock-quotes/blk-stock-quote/)): 179,820,516 shares. According to 13F filings, as of 2022 Q4, 2735 funds hold positions in Nvidia, an increase of more than 5% with 427 hedge funds. This makes for an increase of more than 200%. With that in mind, it’s no surprise that institutional investors are more committed to Nvidia than ever. As InvestorPlace contributor Ian Cooper recently speculated, the metaverse is “The stock had been as high as $230 a share in February. Yesterday, Nvidia [reported impressive earnings](https://www.cnbc.com/2023/02/23/nvidia-stock-up-12percent-on-earnings-ai-potential.html), including a beat on both the top and bottom lines. The chipmaker rose to market prominence as the metaverse boom of 2022 amid a new rush on [tech stocks](https://investorplace.com/industries/technology/).

Nvidia skyrocketed by more than 100% from its mid October bottom and runs higher in pre-market after posting earnings. Read why NVDA stock is now a sell.

Therefore, Nvidia is a sell here in the near term, but I will consider buying back in around the $180-160 level, and if the opportunity presents itself, I will back up the truck around the $150-140 range. I bought my first actual stock in a company when I was 20, and the rest, as they say, is history. 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. Therefore, the company trades at about 69 times TTM non-GAAP earnings and at a sky-high 132 times TTM GAAP EPS. Fortunately, my uncle was a successful commodities trader on the NYMEX, and I got him to teach me how to invest. However, even though Nvidia is an excellent company, I still need to like the stock. There still needs to be more clarity about the economy and pockets of Nvidia's business. Now, that's expensive, especially considering that we're discussing non-GAAP results and the risks and uncertainties that Nvidia and the broader economy face ahead. Nvidia finally bottomed in mid-October 2022 at around $110, right in the middle of my long-term buy-in range, and since then, its stock has skyrocketed by about 100%. Also, while the company beat consensus figures, the company reported massive drops in non-GAAP and GAAP EPS (mainly). However, we should consider that estimates were butchered over the last year, and it's no wonder that the company surpassed the depressed estimates. Nevertheless, as Nvidia's selloff picked up steam, I recognized that the bottom would likely arrive around [the $100-120 level](https://seekingalpha.com/mp/1129-the-financial-prophet/articles/5776627-nvidia-still-watching-for-buy-in-zone-100-120?hasComeFromMpArticle=true).

Today's instrument is the NVIDIA Corp.'s stock traded in NASDAQ exchange under the ticker NVDA. Looking at the NVDA's chart, we can see that it was la.

Block (SQ) stock surged 8% in Friday's premarket as the market got excited over the payments firm's mixed results. GBP/USD has extended its slide and dropped below 1.0950 in the American session on Friday. [Read more](https://www.fxstreet.com/news/block-earnings-sq-stock-pops-8-despite-mixed-quarter-202302241255) ETH shows a lack of bullish momentum after its new rally formed a local top. Gold price remains under bearish pressure and trades at its lowest level since late December near $1,810. [Read more](https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-could-sink-to-1-400-after-losing-this-crucial-support-floor-202302240652) [Block Earnings: SQ stock pops 8% despite mixed quarter](https://www.fxstreet.com/news/block-earnings-sq-stock-pops-8-despite-mixed-quarter-202302241255) Information presented herein is not to be construed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any trading strategy. The pair remains on track to post its lowest weekly close since early December. [GBP/USD News](https://www.fxstreet.com/news?q=&hPP=17&idx=FxsIndexPro&p=0&dFR%5BTags%5D%5B0%5D=GBPUSD) [Gold falls to fresh 2023-low near $1,810 as US yields regain traction](https://www.fxstreet.com/markets/commodities/metals/gold) [Gold News](https://www.fxstreet.com/markets/commodities/metals/gold) [Ethereum price hints at pullback as centralization risks are likely to emerge after Shanghai upgrade goes live](https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-could-sink-to-1-400-after-losing-this-crucial-support-floor-202302240652) [EUR/USD News](https://www.fxstreet.com/news?q=&hPP=17&idx=FxsIndexPro&p=0&dFR%5BTags%5D%5B0%5D=EURUSD) [GBP/USD extends slide below 1.2000 on hot US PCE data](https://www.fxstreet.com/currencies/gbpusd) [EUR/USD stabilizes near 1.0550, looks to post weekly losses](https://www.fxstreet.com/currencies/eurusd)

Nvidia shares have soared over 41% since the start of 2023. Investors have rallied over the company's potential in AI. However ...

With an earnings release in a matter of days and expectations of further declines in consumer GPU revenue, its stock could slide to a more appealing price. In Q3 2022, data centers earned the largest portion of revenue, with the segment reporting a year-over-year revenue rise of 31% to $3.83 billion. While competitors like AMD and Intel suffered from the market's declines, Nvidia was hit the hardest thanks to its 88% market share in the consumer GPU market. Until the market recovers, knowing the best time to invest in Nvidia might be difficult. Rising inflation led to steep declines in consumer spending on tech, with worldwide shipments of graphic processing units (GPUs) falling 42% throughout the year. Investors have rallied as the company looks more likely to play a crucial role in the future of artificial intelligence (AI).

The business might have bottomed but Nvidia's stock is still expensive. Neil Rozenbaum talks through the company's fourth-quarter earnings.

[is on the list](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=08c70548-6572-4ee7-94a4-58507db6dc23&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-sa-bbn-eg%3Faid%3D8867%26source%3Disaeditxt0000450%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D6313%26ftm_veh%3Darticle_pitch&utm_source=usa-today&utm_medium=feed&utm_campaign=article&referring_guid=36c099ef-0131-49b9-86bb-3cabb8e20445) -- but there are nine others you may be overlooking. Our award-winning analyst team has spent more than a decade beating the market. The Motley Fool has a [disclosure policy](https://www.fool.com/legal/fool-disclosure-policy/?utm_source=usa-today&utm_medium=feed&utm_campaign=article&referring_guid=36c099ef-0131-49b9-86bb-3cabb8e20445). The Motley Fool has positions in and recommends Nvidia. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. [Neil Rozenbaum](https://www.fool.com/author/20363/?utm_source=usa-today&utm_medium=feed&utm_campaign=article&referring_guid=36c099ef-0131-49b9-86bb-3cabb8e20445) has no position in any of the stocks mentioned.