A 2006 breakout posted a high near $40 in October 2007, marking the highest high for the next nine years, ahead of a steep decline that ended at a four-year low in the first quarter of 2009. All information provided on the Investing Daily network of websites is It was a bad year for the entire tech sector, with particularly steep losses in the fourth quarter. The partnership has developed a proof-of-concept autonomous truck. NVIDIA’s chips and systems are turning science fiction…. 7 days ago investorplace.com. The chipmaking sector as a whole has dipped lately, amid a global glut of chips and concerns over a looming economic slowdown. • NVIDIA shares sport a forward price-to-earnings ratio (FPE) of 25.9, compared to 29.5 for AMD, 11.7 for Intel, 13.3 for QCOM, and 17.5 for the S&P 500. All opinions provided are based on sources believed to be reliable and are written in good faith, but no warranty or supplement the information in these articles, special reports, and newsletters with independent research and other professional advice before investing in any security. All times are ET. This gives NVIDIA enormous prospects in commerce. Based in Santa Clara, California (the heart of Silicon Valley), NVIDIA designs graphics processing units (GPUs) for the gaming and professional markets. The company is divided into two divisions, Qualcomm CDMA Technologies (QCT) and Qualcomm Technology Licensing (QTL). Cryptocurrencies are secured by encryption, so governments can’t mess with them. The company now holds a lofty price-to-earnings ratio (P/E) of 85.55, indicating that it may need to book aggressive quarterly growth to generate further upgrades. Price targets currently range from a low of $260 to a Street-high $520, while the stock opened Thursday's session about $42 above the median $419 target. As such, demand for NVIDIA’s products should remain strong. 5:28pm / MotleyFool.com - Paid Partner Content, Oct 08 / MotleyFool.com - Paid Partner Content, 3:25pm / MotleyFool.com - Paid Partner Content, Oct 07 / Zacks.com - Paid Partner Content, 12:30pm / MotleyFool.com - Paid Partner Content, Oct 07 / MotleyFool.com - Paid Partner Content, 9:21am / Zacks.com - Paid Partner Content, Oct 06 / Zacks.com - Paid Partner Content, 9:00am / MotleyFool.com - Paid Partner Content, Oct 06 / GuruFocus News - Paid Partner Content, 3 Top Cloud Computing Stocks to Buy Right Now, Xilinx-AMD Deal Talk Sends Nasdaq Surging; Mizuho Bids Up eBay, Big October Winners: CRISPR, Alteryx, NVIDIA, Quidel, AMD Taking on Intel on a New Front With Purchase of Chip Designer Xilinx, NVIDIA Stock Is "Going Into Overdrive," Says Analyst. The average analyst consensus is that NVIDIA’s year-over-year earnings growth will reach 34.6% next year. Research firm IHS Automotive estimates annual sales of autonomous heavy-duty trucks are on track to reach 60,000 annually by 2035. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies. All rights reserved. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. VR engineering and design is all the rage and NVIDIA already has a substantial lead in this space. The stock completed a 100% retracement into that peak in February 2020 and rolled over with world markets, dropping to a five-month low. But NVIDIA has a slew of other partnerships in place, including those with Audi (OTC: AUDVF), Daimler (OTC: DDAIF), and Elon Musk’s electric car maker Tesla (NSDQ: TSLA). QCT designs and markets chipsets that are the cornerstones of laptops, tablets and smartphones. Elon Musk’s SpaceX rocket firm is involved in the visionary project. All Rights Reserved. NVIDIA could attract fresh investment with a four-for-one or five-for-one stock split. With a market cap of $113.3 billion, NVIDIA has evolved into a platform company that caters to several booming technology markets, including gaming, virtual and augmented reality (VR/AR), the Internet of Things (IoT), data centers, and automobiles. The pundits on CNBC, Fox Business, Bloomberg, and the other financial news gabfests fixate on sexy tech stocks such as NVIDIA. It follows the ideas set out in a whitepaper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. © 2020 Cable News Network. By It recovered into May and broke out once again, adding more than 140 points into this morning's opening print. 21 Jan 3:24AM. NVIDIA and its competitors are penetrating the markets for AI, VR/AR, cloud computing, and IoT, providing a powerful impetus for capital appreciation. However, post-earnings drops are always in the cards. Although the number of shares outstanding increases by a specific multiple, the total dollar value of the shares remains the same compared to pre-split amounts, because the split does not add any real value. For this virtual reality stalwart, long-term growth is no illusion. John holds undergraduate and graduate degrees from Boston University. You've successfully been signed up for our free e-Letter(s)! 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