6 Facts About Nvidia Stock To Help You Start Investing

NEWS & TRENDING - INVESTING NEWS
Learn all you need to know about the tech giant to fuel your investment.
Updated April 19, 2024
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Nvidia Corporation is a leading technology company renowned for its innovations in graphics processing units (GPUs) and artificial intelligence (AI) technologies.

Since its inception, Nvidia has been at the forefront of revolutionizing industries ranging from gaming to data centers and continues to shape the future of computing.

We’ll break down Nvidia, including its company and stock performance, to help you start investing.

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An overview of Nvidia

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Nvidia Corporation, founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem, is a multinational technology corporation based in Santa Clara, California.

Primarily known for its graphics processing units (GPUs), Nvidia designs and produces a range of high-performance computing products for gaming, professional visualization, data centers, and automotive markets.

With a focus on GPU-accelerated computing, Nvidia's flagship products include GeForce GPU graphics cards for gaming enthusiasts and Tesla GPUs for data centers and scientific computing.

Notably, Nvidia's advancements in AI and deep learning have propelled the company to the forefront of AI-driven technologies, making it an indispensable player in various industries.

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About Nvidia (NVDA) stock

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Nvidia Corporation is listed on the NASDAQ stock exchange under the ticker symbol NVDA.

The company went public on January 22, 1999, with an initial public offering (IPO) price of $12 per share. Nvidia currently pays a quarterly dividend of $0.04.

The company’s stock has experienced significant growth over the years, and periodic stock splits have been used to manage its rising share price.

The stock has been split five times since 2000, with the most recent 4-to-1 stock split occurring on July 19, 2021.

How Nvidia (NVDA) stock is performing

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In recent years, Nvidia's stock has demonstrated remarkable performance, reflecting the company's strong growth trajectory and market dominance.

As of Monday, April 1, 2024, NVDA stock was priced at about $897.53 per share.

Despite occasional fluctuations in response to market dynamics and industry trends, Nvidia's stock has remained resilient, drawing the attention of investors seeking exposure to the technology sector.

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Understanding Nvidia’s financials

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Nvidia's financial health is reflected in key metrics such as revenue, net income, and earnings per share (EPS).

Its current trailing 12-month (TTM) gross revenue is approximately $60.9 billion, its net operating income (income after all expenses are paid) is approximately $609 million, and its basic EPS (earnings per share) is 12.05.

The company's robust financial performance underscores its position as a leader in the technology industry. With consistently growing revenue and profitability, Nvidia has demonstrated its ability to capitalize on emerging market opportunities and maintain sustainable growth.

Investors can assess Nvidia's financial stability by analyzing these metrics, which provide valuable insights into the company's operational efficiency and long-term viability.

What’s ahead for Nvidia

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Analyst opinions on Nvidia's stock are generally optimistic, with many experts bullish on its future prospects. A majority of analysts indicate that NVDA is either a buy or a strong buy.

Recent forecasts and target prices suggest continued growth potential for Nvidia, driven by increasing demand for its products and services across various sectors. The current average analyst price target is $979.64 per share, with a high target of $2,762.12 per share.

While market conditions and industry dynamics may influence short-term fluctuations in Nvidia's stock price, the company's strong fundamentals and innovative capabilities position it favorably for long-term success.

How to buy Nvidia stock

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Investors interested in purchasing Nvidia stock can open a traditional brokerage account with a reputable online brokerage platform and buy shares of Nvidia through these trading platforms.

Alternatively, investors can explore the option of buying fractional shares of Nvidia through popular investment apps that allow users to invest in fractional increments of high-priced stocks.

Bottom line

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Nvidia Corporation stands as a formidable player in the technology industry, driving innovation and shaping the future of computing with its cutting-edge technologies.

As Nvidia continues to push the boundaries of what's possible in graphics, AI, and high-performance computing, its stock remains attractive to those looking to start investing in the dynamic world of technology.

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Author Details

Adam Palasciano Adam Palasciano is a personal finance-obsessed and money-savvy individual who loves to hash out content on all things saving money. He specializes in writing millennial-friendly personal finance content, covering topics ranging from trending financial news, debt, credit cards, cryptocurrency, and more.

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