Nasdaq NVDA Nvidia

Nvidia (NASDAQ: NVDA) has been a top performer on the stock market over the past decade, with share prices of the graphics card specialist rising more than 7,500% and easily crushing the S&P 500's gains of 223%.

Memory chips are an important element of semiconductor manufacturing. They're a commodity, which means pricing is highly reliant on supply and demand, but also a proxy for the direction of the semiconductor industry overall since they're used in the construction of more complex c

What happened Shares of chips giant Nvidia (NASDAQ: NVDA) slipped in late morning trading on Wednesday, down 2.6% as of 11:30 a.m. ET despite modestly positive news in the semiconductor space.

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Nvidia's (NASDAQ: NVDA) GPU Technology Conference was chock-full of announcements, including new hardware for data centers and AI, and the revelation that the company has an $11 billion sales pipeline over the next six years to automakers. Nvidia is extending its reach into all a

Nvidia (NASDAQ: NVDA) is one of the world's leading chipmakers, producing best-in-class graphics cards for a variety of purposes. But it's so much more than a semiconductor company, and it is often referred to as the pioneer of artificial intelligence (AI) technology, which is ju

Earlier this month, Amazon (NASDAQ: AMZN) announced that its Board of Directors approved a 20-for-1 stock split. The company has only split its stock four times in its history, with the last split occurring in 1999.

At its current price-to-earnings multiple, Nvidia (NASDAQ: NVDA) is already a very expensive stock for one of the biggest companies in the world. In this Motley Fool Live segment from "The Rank," recorded on March 14, Fool.com contributors Danny Vena, Jason Hall, and Travis Hoium

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South Korean chipmaker SK Hynix's CEO said on Wednesday that it is considering forming a consortium with strategic investors to acquire British semiconductor company Arm Ltd, Yonhap news agency reported.

UK's Arm Ltd is planning to transfer shares in its Chinese joint venture to a SoftBank Group special purpose vehicle to speed up its initial public offering plans, The Financial Times reported on Wednesday, citing people familiar the matter.

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What happened Shares of Nvidia (NASDAQ: NVDA) soared in early trading this morning after an analyst raised his price target for the technology stock.

Based on industry checks with those in the know, Baird's 5-star analyst Tristan Gerra notes that consumer GPU inventories are on the rise. This spells bad news for GPU leader Nvidia (NVDA).

Demand weakness in Asia appears to be one of the culprits and to an extent so is the embargo on Russia shipments. Additionally, in anticipation of Ethereum’s migration from Proof of Work to Proof of Stake, miners appear to be selling hardware.

March saw a month-over-month price drop of 25% for consumer GPUs, with prices now 25% above historical levels. This brings the pricing back to levels last seen at the beginning of 2021. This is below the 80%+ premium over the MSRP (manufacturer’s suggested retail price) of a quarter ago and some way off May 2021’s more than double the MSRP for GPUs. The prices for Nvidia's RTX 3080 series are also declining.  

“While Nvidia sells at MSRP and would not be impacted by the price declines, current ASP trends reflect softening demand as card availability improves. Based on our checks, we note no shortages of graphic cards in the Asia markets," says Gerra.

With regards to the sale of GPUs intended for Ethereum mining, Gerra says it is hard to tell what the percentage of cryptocurrency mining is compared to total consumer GPU demand. At the 2018 cycle peak, it was thought to be as high as 40% of the mix. Gerra anticipates miner selling dynamics will “worsen” in C2H22.

Additionally, over the past three months, graphic card resellers’ revenue has been “tracking below” normal seasonality, down more than 20%, which compares unfavorably to the low single-digit decline usually seen during the same period.

Providing some succor, data center demand “remains strong and will continue to be an offset near term.”

For now, Gerra stays with the bulls, reiterating an Outperform (i.e., Buy) and $360 price target on NVDA shares. This figure conveys his confidence in NVDA's ability to rise ~24% in the next twelve months. (To watch Gerra's track record, click here)

Most analysts are reading from the same manual; based on 21 Buys vs. 5 Holds, the stock claims a Strong Buy consensus rating. Going by the $350.22 average target, investors will be sitting on returns of 24% a year from now. (See Nvidia stock analysis on TipRanks)

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Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

In this video, I will be talking about Nvidia (NASDAQ: NVDA) and the recent announcements it made during the GTC event with regard to Omniverse. You can find the video below, but here are some of the highlights.

Today's video focuses on recent news affecting technology stocks. Here are some highlights.

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