Nasdaq NVDA Nvidia

In this podcast, Motley Fool senior analysts Emily Flippen and Jason Moser discuss topics including:

Shares of semiconductor giant Nvidia ( NASDAQ:NVDA ) and its peers have plunged this year due to macro pressures, the newly imposed controls on chip exports to China, and the weakness in demand in key end markets, like personal computers (PC) gaming. Nvidia stock has advanced 22.7% over the past one month but is still down nearly 45% year-to-date.   Nvidia Faces Near-Term Headwinds Nvidia’s Q3 FY23 (ended October 30, 2022) revenue exceeded analysts’ estimates but earnings lagged expectations. Nonetheless, both the metrics declined on a year-over-year basis. Revenue fell 17% to $5.9 billion, while adjusted earnings per share declined 50% to $0.58. Remote work, online education, and the rapid transition of enterprises to the cloud during the pandemic fueled strong demand for Nvidia’s graphics processing units (GPUs) that are used in PC gaming, data centers, and other applications. The company’s sales also gained from strong crypto-mining demand. The demand in PC gaming market has declined since the reopening of the economy. Also, the crypto winter has impacted Nvidia’s GPU sales. Furthermore, the Biden administration’s export controls on advanced chips added to Nvidia’s woes. In Q3 FY23, Nvidia’s Gaming revenue declined 51% to $1.6 billion. However, Data Center revenue grew 31% to $3.8 billion. Interestingly, Automotive and Embedded revenue surged 86% to $251 million. Nvidia’s Q4 revenue is expected to remain under pressure due to continued weakness in gaming and China market. What Are Analysts Saying About Nvidia Stock? Following the results, Summit Insights analyst Kinngai Chan upgraded Nvidia to Buy from Hold. The analyst believes that Nvidia stock has a favorable risk-reward profile. Chan expects the company to benefit from tailwinds through next year, mainly fueled by its new product cycle. J.P. Morgan analyst Harlan Sur feels that the near-term headwinds impacting Nvidia’s business are beginning to fade. The analyst believes that Nvidia is poised to witness accelerated growth next year. Sur reaffirmed a Buy rating on Nvidia stock and a price target of $220. Overall, Wall Street’s Moderate Buy consensus rating for NVDA stock is based on 23 Buys versus eight Holds. The average Nvidia stock price target of $195.79 implies 20.3% upside potential. Conclusion Macro challenges and weak demand in certain end markets are expected to impact Nvidia’s revenue and earnings in Q4 FY23 and Q1 FY24. These headwinds could limit the upside in the stock over the near-term. Furthermore, Nvidia’s forward P/E multiple (based on adjusted earnings) of 50.5x is considerably higher than the sector median of 19.3x.   That said, analysts expect Nvidia’s business to recover strongly from the second quarter of FY24. Most Wall Street analysts are looking beyond the near-term weakness and focusing on the robust long-term prospects for the company in data centers, automotive, and artificial intelligence (AI).     Disclosure

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

A recent rise in the S&P 500 index has some investors wondering if the bear market is in the rearview mirror. But bear market rallies aren't uncommon and can be substantial. The widely followed index has jumped more than 10% since its October 2022 lows, just over one month ag

Nvidia's (NASDAQ: NVDA) conference call following its third-quarter earnings announcement revealed many critical factors about its short- and long-term business prospects.

Designed to provide broad exposure to the Technology - Semiconductors segment of the equity market, the VanEck Semiconductor ETF (SMH) is a passively managed exchange traded fund launched on 12/20/2011.

On Nov. 16, Nvidia (NASDAQ: NVDA) reported its financial results for the third quarter of fiscal 2023 (ended Oct. 30). The report revealed a slowdown in overall revenue. The company is a leading producer of advanced semiconductors, and it has been generating red-hot growth over t

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in NVIDIA Corp (Symbol: NVDA), where a total volume of 429,393 contracts has been traded thus far today, a contract volume which is representative of approximately

Investors in NVIDIA Corp (Symbol: NVDA) saw new options become available today, for the January 2023 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the NVDA options chain for the new January 2023 contracts and identified one put and one ca

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel

Nvidia (NASDAQ: NVDA) reported third-quarter results in November that alleviated some investor concerns and gave rise to others. This video will evaluate the critical metrics from Nvidia's Q3 and determine if Nvidia's stock is a buy.

Shares of top semiconductor company Nvidia (NASDAQ: NVDA) have rallied sharply off of 52-week lows, increasing over 40% from mid-October through November. However, the top AI stock remains over 50% down from all-time highs as it and other high-growth companies get clobbered by th

Designed to provide broad exposure to the Style Box - Large Cap Growth category of the market, the Nuveen ESG LargeCap Growth ETF (NULG) is a smart beta exchange traded fund launched on 12/13/2016.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Semiconductor stocks had taken a beating this year, due to fears about global economic slowdown and soaring input costs. Many of them have rebounded in the past few weeks, particularly after cooler-than-expected inflation reports and better-than-feared results.

Meta Platforms META recently announced that it is deploying Precision Time Protocol (PTP) across its data centers to sync their computer networks to nanoseconds.

Along with the rest of the tech world, gaming companies have suffered from macroeconomic declines that have stunted consumer spending in 2022. As a result, multiple companies in the industry have experienced significant dips in their share prices since January. However, that does

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco QQQ (Symbol: QQQ) where we have detected an approximate $4.5 billion dollar inflow -- that's a 2.9% increase week over week in outstanding u

Nvidia's (NASDAQ: NVDA) stock closed at its all-time high of $333.49 nearly a year ago. However, the chipmaker's share prices were subsequently cut in half as investors fretted over its slowing growth, shrinking margins, and daunting regulatory headwinds. Nvidia remains a polariz

Nvidia (NVDA) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.