Nvidia shares lost nearly half their value in just two months. Investors still grimace at the beating NVDA stock took in late 2018 when that exact scenario happened. When cryptocurrencies tank, people stop buying graphics cards for crypto mining. For one thing, we all know that cryptocurrency can be extremely volatile. There are some risks inherent in this Portfolio Grader “B” rated stock. Whether you buy now, or wait for the individual share price to become more affordable post-stock split, an investment in Nvidia is very likely to deliver long-term growth. Shareholders of record as of June 21 will each receive three additional shares of NVDA stock after the market closes on July 19. That plan was approved by Nvidia stockholders on June 3. The company proposed a four-for-one stock split, aiming to make shares more accessible to both investors and employees. Stock Split Announced and Approvedīesides the record financial performance, Nvidia had other big news for investors in May. NVDA stock is up 10% in the two weeks since those impressive results. The company also issued Q2 guidance for revenue of $6.3 billion, plus or minus 2%. 10 Best Stocks to Buy That Will Get You Through the Day.Adjusted EPS of $3.66 beat Wall Street estimates of $3.28 and were up 103% compared to the previous year. Data center revenue (which includes AI) set another record at $2.05 billion – up 79% YoY.
The cards are still almost impossible to find in stock at retailers. Gaming division revenue was a record $2.76 billion (up 106% YoY) on the strength of RTX 3000 series graphics cards released last fall.
Revenue was a record $5.66 billion, up 84% year-over-year. Why is NVDA stock performing so well in 2021 when other high-profile tech stocks have stumbled? Look no further than the company’s Q1 fiscal 2022 results, which were released on May 26.
0 kommentar(er)
