Nasdaq NVDA Nvidia

Broadcom (NASDAQ: AVGO) has achieved both market success and stock price growth in the semiconductor industry. As a tech stock, it operates in an industry not known for high dividends.

Today's video focuses on Nvidia (NASDAQ:NVDA) CEO Jensen Huang's excitement about artificial intelligence (AI) avatars, and how he believes the virtual robotics application will likely be the most significant robotics opportunity within the next five years. Here are some highligh

What happened Shares of Nvidia (NASDAQ: NVDA) climbed 4% on Friday, as optimism for the chipmaker's data center opportunity and Omniverse initiatives continued to build among investors.

The Nasdaq Composite Index closed above 16,000 points for the first time on Friday, in its second-straight record finish powered by technology stocks, while pandemic jitters sent the Dow to its fourth losing session in the last five.

One major market index closed out the week at a fresh all-time high, but that was only part of the story on a Friday that saw COVID-19 creep back into Wall Street's spotlight.

Advocates of buy-and-hold index investing have a fresh batch of powerful evidence supporting the wisdom of their ways, new research shows.

Advocates of buy-and-hold index investing have a fresh batch of powerful evidence supporting the wisdom of their ways, new research shows.

Advocates of buy-and-hold index investing have a fresh batch of powerful evidence supporting the wisdom of their ways, new research shows.

Advocates of buy-and-hold index investing have a fresh batch of powerful evidence supporting the wisdom of their ways, new research shows.

The Nasdaq Composite Index closed above the 16,000 mark for the first time on Friday, in its second-straight record finish, while the Dow succumbed to its fourth losing session in the last five.

The Nasdaq Composite Index hit a record high on Friday as the U.S. benchmark drew strength from technology stocks, but the Dow headed for its fourth losing session of the week.

The stock market was sharply mixed on Friday, with investors getting two very different pictures of what's happening in the market. If you look at the Dow Jones Industrial Average (DJINDICES: ^DJI), you'd think that Wall Street was sharply lower, with the Dow trading down 175 poi

The iShares Core S&P U.S. Growth ETF is seeing unusually high volume in afternoon trading Friday, with over 3.8 million shares traded versus three month average volume of about 369,000. Shares of IUSG were up about 0.7% on the day.

The Dow Jones fell and the S&P 500 was flat on Friday as fears of new lockdowns to curb the spread of COVID-19 in Europe hammered banking, energy and airline stocks, while strength in technology stocks pushed the Nasdaq to a record high.

It’s been a largely positive earnings season, particularly for tech companies. Nvidia yesterday posted numbers that beat expectations for earnings and sales as its stock rose 5% on Wednesday and buoyed the Nasdaq higher, reports CNBC. In addition to higher-than-anticipated earnings, the chip maker also raised its expectations for the fourth quarter, anticipating $7.4 billion in [...] Read more at ETFtrends.com.

The global video gaming industry is expected to generate nearly $176 billion in revenue in 2021, according to analytics and market research provider Newzoo, a figure that's expected to balloon to over $200 billion by 2024 as more gamers join the bandwagon. Newzoo estimates that t

The technology sector is on the rise again and has been catapulted upwards by Nvidia’s (NVDA) earnings report, which beat both sales and earnings for the third quarter. However, despite big earnings reports by many industry giants recently, markets remain uncertain and choppy, reports CNBC. It’s pretty typical for markets to hit a period of fairly [...] Read more at ETFtrends.com.

The Dow and the S&P 500 fell on Friday as fears of fresh lockdowns to curb the spread of COVID-19 in Europe hammered banking, energy and airline stocks, while strength in technology pushed the Nasdaq to a record high.

Nvidia’s (NVDA) investors cheered its outstanding Q3 results as the stock went up 8.3% in Thursday’s trading. Nvidia currently has a market capitalization of $791.9 billion, more than thrice the market cap of its closest competitor, Intel (INTC).

The semiconductor giant’s revenues soared 50% year-over-year to a record $7.1 billion, surpassing consensus estimates of $6.83 billion. Adjusted earnings came in at $1.17 per diluted share, a jump of 60% year-over-year, beating the consensus estimate of $1.11. (See Analysts’ Top Stocks on TipRanks)

Jensen Huang, founder and CEO of Nvidia commented, “Demand for NVIDIA AI [artificial intelligence] is surging, driven by hyperscale and cloud scale-out, and broadening adoption by more than 25,000 companies. NVIDIA RTX has reinvented computer graphics with ray tracing and AI, and is the ideal upgrade for the large, growing market of gamers and creators, as well as designers and professionals building home workstations.”

What proved to be the highlight of the company’s Q3 earnings call was the details it provided about its Omniverse platform.

Huang elaborated further, “Omniverse will be used from collaborative design, customer service avatars and video conferencing, to digital twins of factories, processing plants, even entire cities. Omniverse brings together NVIDIA’s expertise in AI, simulation, graphics and computing infrastructure. This is the tip of the iceberg of what’s to come.”

The company’s management added on its earnings call that it expects its overall monetization from the Omniverse of $1,000 per year, per user. According to Rosenblatt Securities analyst Hans Mosesmann this would set up a “huge opportunity for monetization.”

The analyst noted that the Omniverse platform would need both hardware and software stacks “that no semiconductor company (any company) can bring together like Nvidia.”

Moreover, Mosesmann pointed out that the company’s exceptional Q3 results supported “the notion of sustained accelerated broad-based demand (DC, enterprise, gaming) that will be limited through 2022.”

The analyst added that AI is changing the production and landscape of computing “in ways that historical views of traditional cycles are, well, useless.”

As a result, Mosesmann perceives NVDA as a “best-in-class AI play” with several impending growth drivers including Omniverse, autonomous driving, next-generation networking, or data processing unit (DPU) adoption.

It remains one of the analyst’s “favorite secular semiconductor plays” and he remains bullish, with a Buy rating and a price target of $400 (24.3% upside) on the stock.

The rest of the analysts on Wall Street echo Mosesmann with a Strong Buy consensus rating based on 22 Buys and two Holds. The average Nvidia price target of $356.91 implies 11% upside potential to current levels.

Disclosure: At the time of publication, Shrilekha Pethe did not have a position in any of the securities mentioned in this article.

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The Nasdaq was set for a record open on Friday as investors sought sectors less exposed to economic ructions ahead of voting on President Joe Biden's $1.75 trillion spending bill, while rising COVID-19 cases in Europe also dented sentiment.