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☆ Nvidia stock keeps hitting records. Can investors with little to no shares still buy?
▼ + stars: | 2024-05-23 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

While known for sizeable pullbacks in the past, the upward trajectory of Nvidia's stock last year and this year cannot be denied. We've been in Nvidia stock since 2019, years before the AI revolution was sparked by ChatGPT's viral moment shortly after its late 2022 launch. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. With that, let's think about Nvidia stock from the perspective of a long-term investor— and that's the key consideration, the investment horizon. At the beginning of the year, Nvidia stock traded at $481 per share on a $20.80 forward earnings estimate or a forward P/E multiple of 23 times.

Persons: We've, Jim, —, Jensen Huang, Leonardo da Vinci, Jim —, it's, It's, you've, Nvidia's, Colette Kress, Tesla, Kress, Jim Cramer's, Jim Cramer, Josh Edelson Organizations: Nvidia, Club, Apple, Enterprise, Devices, Intel, Investing, GE, NVIDIA, CNBC, SAP Center, Afp, Getty Locations: San Jose , California

☆ Nvidia hit the quarter and guidance out of the park. We don't see that changing
▼ + stars: | 2023-11-21 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Bottom line This was a very strong quarter, with almost nothing to nitpick. This year's rapid Data Center sales growth we've seen has been driven largely by cloud providers and enterprises. Sales to China and other impacted regions have, in the past few quarters, accounted for 20% to 25% of Data Center sales. However, the team added that they "believe the decline will be more than offset by strong growth in other regions." Guidance Looking ahead to Nvidia's fourth quarter of fiscal 2024, we once again got far stronger guidance than Wall Street was modeling.

Persons: We're, Ada Lovelace, Jim Cramer's, Jim Cramer, Jim, Jensen Huang Organizations: Nvidia, Revenue, Automotive, Data Center, Microsoft, Oracle, U.S, Data, Gaming, Ada, Nvidia's Automotive, Wall, CNBC, Getty Locations: China, Taiwan

☆ Nvidia again proves it's an 'own it, don't trade it' stock after delivering another blowout quarter
▼ + stars: | 2023-08-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

"During the quarter, major cloud service providers announced massive NVIDIA H100 AI infrastructures. Leading enterprise IT system and software providers announced partnerships to bring NVIDIA AI to every industry. Quarterly commentary Data-center revenue in the quarter — comprising 76% of total revenue — reached a new record, more than doubling from a year ago and on a sequential basis. However, revenue was up sequentially on improved demand for Nvidia's enterprise workstation and the ramp of Nvidia RTX products. Nvidia said it bought back $3.28 billion worth of stock during its second quarter.

Persons: chipmaker, —, Jensen Huang, Jensen, Wall, there's, Jim Cramer's, Jim Cramer, Jim, Walid Berrazeg Organizations: Nvidia, Revenue, Club, Analysts, UBS, NVIDIA, Microsoft, Oracle, Ampere, Gaming, Truist, Jim Cramer's Charitable, CNBC, Getty Locations: China, Taiwan

☆ Nvidia shares spike 26% on huge forecast beat driven by A.I. chip demand
▼ + stars: | 2023-05-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Nvidia reported first-quarter earnings for its fiscal 2024 on Wednesday, with a stronger-than-expected forecast that drove shares up 26% in extended trading. Nvidia's data center group reported $4.28 billion in sales, versus expectations of $3.9 billion, a 14% annual increase. Nvidia said that performance was driven by demand for its GPU chips from cloud vendors as well as large consumer internet companies, which use Nvidia chips to train and deploy generative AI applications like OpenAI's ChatGPT. However, Nvidia's gaming division, which includes the company's graphics cards for PC sales, reported a 38% drop in revenue to $2.24 billion in sales versus expectations of $1.98 billion. Net income for the quarter was $2.04 billion, or 82 cents a share, compared with $1.62 billion, or 64 cents, during the year-earlier period.

Persons: Jensen Huang Organizations: Nvidia, Wall Locations: Taipei

REUTERS/Tyrone SiuSept 20 (Reuters) - Chip giant Nvidia Corp (NVDA.O) on Tuesday unveiled its new computing platform called DRIVE Thor that would centralize autonomous and assisted driving as well as other digital functions including in-car entertainment. General Motor's (GM.N) autonomous driving unit Cruise last week said it had developed its own chips to be deployed by 2025. It currently uses Nvidia chips. read moreThe first customer Nvidia announced for DRIVE Thor is China's Geely-owned (GEELY.UL) ZEEKR. Shapiro said its current computer system called DRIVE Orin will be used in Chinese car company XPeng's new smart SUV and Chinese autonomous driving startup QCraft.

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