Nvidia stock

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 ...

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.

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.

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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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)

European shares inched higher on Thursday, after two straight sessions of declines, supported by financial stocks and upbeat guidance by regional companies, ...

Maker of gaming chips, held by 361 funds, boosts BOTZ, USD and others.

“We’re seeing accelerated interest in the versatility and capabilities of generative AI.” 21, the software giant announced that the two corporations agreed to a decade-long union to bring its “Call of Duty” and other Activision games to NVDA’s platform, subject to regulatory approvals. The largest holder, the [ Invesco QQQ Trust (QQQ)](http://etf.com/qqq), with approximately 32.1 million shares, gained about 1% today. The [ Global X Robotics & Artificial Intelligence ETF (BOTZ)](http://etf.com/botz), which invests in AI companies and whose top holding is Nvidia, at 9.6%, rose 2.1%. Jensen recently called ChatGPT the “iPhone moment” for AI. [361 ETFs](https://www.etf.com/stock/NVDA), the fifth most-widely held stock, according to ETF.com data.

Nvidia announced new artificial intelligence offerings during its fourth-quarter earnings release. · These new cloud AI services could boost the growth of ...

The incredible popularity of ChatGPT and other innovative AI apps is creating a surge in demand for the chips that power them. These AI-as-a-service offerings will enable customers to more easily access Nvidia's AI supercomputer, software, and generative AI models. A sharp decline in gaming-related sales, which have slowed in recent quarters after experiencing torrid growth earlier in the pandemic, weighed on the

Nvidia (NVDA) shares soared more than 14% on Thursday as the semiconductor giant posted stronger-than-expected fourth-quarter results and guidance, ...

"Looking ahead, ... [NVDA](https://seekingalpha.com/symbol/NVDA)), wrote in a note to clients. Analysts expect the company to report $6.35B in sales.