![]() Until then, it is unlikely that the stock will see significant upside and in the near term, NVDA stock could hover around $340 to $360 per share. If there are no signs of containment of the virus by the end of June 2020, NVDA stock could see a sharp drop to below $300 from its current level. Nvidia’s Q2 ’21 results will likely not be as positive, as impulse purchases of gaming consoles could decline, impacting both revenues and profitability. ![]() Regardless, Q1 only saw a partial impact of the current crisis. Net income was largely driven by higher gross margins, owing to the data center business and lower R&D expenses (as a % of revenue). How much money does NVIDIA make NVIDIA (NASDAQ:NVDA) has a market capitalization of 296.01 billion and generates 26.91 billion in revenue each year. Gaming revenue too, rose nearly 30% to $1.34 billion. One share of NVDA stock can currently be purchased for approximately 118.88. The rise in revenue was mostly from the high-margin data center business, which came in at over $1 billion in quarterly revenues for the first time ($1.14 billion vs $634 million in Q1 ’20). Our dashboard What Factors Drove 82.5% Change In NVIDIA Stock Between 2017 And Now? provides the key numbers behind our thinking.įurther, for Q1 2021 (quarter ending April 2020), NVDA saw a large 40% rise in revenues while net profit jumped around 2.3x year-on-year. The current stock price is close to 50% higher than the level at the beginning of the year, and we believe that NVDA stock could see some downside as the world still awaits the sign of abatement of the pandemic. But with the US government announcing a string of measures to keep businesses afloat, investor sentiment improved over recent weeks – helping NVDA stock to jump by 78% in the last two and a half months to reach $350 as the market opened on 5th June 2020. Nvidia stock (NASDAQ: NVDA) had seen a significant drop this year – dropping by about 17%, from $236 at the end of 2019 to close to $196 on 16th March 2020, as growing fears around the coronavirus outbreak triggered a sell-off across global equity markets. trench collapse today dwarf wood stove review Stock Price Forecast. ![]() (Photo via Smith Collection/Gado/Getty Images). As of 2022 July 28, Thursday current price of NVDA stock is 177.750 and our data indicates that the asset price has been in a downtrend for the past 1 year (or since its inception). Santa Clara, California, August 17, 2017. ![]() ![]() Signage with logo at the Silicon Valley headquarters of computer graphics hardware company Nvidia. ![]()
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