NVIDIA Corporation (NVDA) Shares are Up 1.93%

NVIDIA Corporation (NVDA) : Traders are bullish on NVIDIA Corporation (NVDA) as it has outperformed the S&P 500 by a wide margin of 11.68% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.49%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.93% in the last 1 week, and is up 14.45% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

NVIDIA Corporation (NASDAQ:NVDA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.89 and $57.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $58.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $58.20, notching a gain of 1.69% for the day. The total traded volume was 9,289,735 . The stock had closed at $57.23 on the previous day.

The stock has recorded a 20-day Moving Average of 6.7% and the 50-Day Moving Average is 16.68%. NVIDIA Corporation is up 65.16% in the last 3-month period. Year-to-Date the stock performance stands at 77.68%.

NVIDIA Corporation (NVDA) : 13 investment research analysts covering NVIDIA Corporation (NVDA) have an average price target of $47.19 for the near short term. The highest target price given by the Brokerage Firm to the stock is $65 and the lowest target is $30 for the short term. Analysts expect the variance to be within $11.41 of the average price.


NVIDIA Corporation (NVIDIA) is engaged in visual computing, enabling individuals to interact with digital ideas, data and entertainment. The Company is engaged in creating NVIDIA-branded products and services, offering its processors to original equipment manufacturers (OEMs), and licensing its intellectual property. NVIDIA-branded products and services are visual computing platforms that address four markets: Gaming, Enterprise, High Performance Computing & Cloud, and Automotive. The Company operates in two segments: Graphics Processing Unit (GPU) and Tegra Processor. The Companys GPU product brands include GeForce for gamers; Quadro for designers; Tesla for researchers, learning and big-data analysts; and GRID for cloud-based visual computing users. The Companys Tegra processors are primarily designed to enable its branded platforms: DRIVE and SHIELD.

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