Increasing Electric vehicle adoption, 5-G internet roll-out, and the growing Internet of Things (IoT) ecosystem all point to a bright future for the stock.Īdditionally, the company recently announced a 4-for-1 stock split which could encourage retail buyers excited by the lower Nvidia stock price.Ĭlearly, the stock is perfectly positioned, but there is no such thing as a free ride, and a better entry price may present itself in due course. As a result, NVDA is well-placed to benefit from several nascent industries. Moreover, NVDA is almost 4 times higher than its pandemic low of $180.ĭemand for Nvidia’s products has exploded as the world shifts to a new technological age. A confluence of bullish factors has propelled the stock 40% higher this year alone. Nvidia, the Delaware-based technology company, has experienced stratospheric price growth over the last 12 months. Jon Ogg can be reached at he does not own securities in the companies he covers.Shares in Nvidia Corp ( NVDA:NASDAQ) closed at $712.41, up $0.87 (+0.12%). Shares are also close to most analyst price targets, although official ratings remain positive. This will mark its second stock split in the 5-years since splitting in early 2006. NVIDIA now has a market cap of $18.4 Billion after shares have risen well over 300% in the last 5-years and are still up roughly 150% since the start of 2006. The drop today takes it almost 7% off of highs and almost 4% off of the recent high close.Īs a reminder, both NVIDIA and Advanced Micro Devices’ (NYSE:AMD) ATIunit are both within about 60 days of now for their graphic chipsets.There are mixed reports and this may just boil down to preference oropinion, but most have commented that NVIDIA still has the advantage. Shares often trade up going into a stock split, but in less than one-month shares saw roughly a 30% gain in only three different weeks. It also now has its earnings behind us as well.
On August 10, shares closed at $43.99 and they closed as low as $42.57 on August 16. But up until today shares had been on a tear and traded as high as $54.00 just on Wednesday.
Shares are down today with a crummy stock market and after National Semi numbers and Xilinx guidance. (NASDAQ:NVDA) will trade on an ex-split basis to reflect its 3-for-2 stock split that it declared on August 9. On Tuesday morning, September 11, 2007, shares of NVIDIA Corp.
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