Nvidia's Stock Plunge Erases $279 Billion In Market Value
The biggest one-day decline for a US company sparks concerns about AI trends and economic caution, even as Nvidia shares rebound slightly.
Read more at Finimize
Nvidia stock: Nvidia stock plunges almost 20% off its peak, details ...
The Nvidia stock is currently nearly 20% off its major height point, according to analysts but is still shivering at a recovery point this September.
Read more at Economic Times
Nvidia stock - 10 things to know with detail
Company Background: Nvidia Corporation is an American multinational technology company that designs graphics processing units (GPUs) for the gaming, professional visualization, data center, and automotive markets.
Stock Ticker Symbol: Nvidia's stock is traded on the NASDAQ stock exchange under the ticker symbol "NVDA."
Stock Price: As of [date], Nvidia's stock price was [current stock price] per share.
Market Capitalization: Nvidia's market capitalization is [market cap], making it one of the largest technology companies in the world.
Revenue and Earnings: Nvidia reported [revenue] in revenue and [earnings] in earnings for [latest quarter/year]. The company has consistently grown its revenue and earnings over the past few years.
Growth Drivers: Nvidia's growth is driven by its dominance in the gaming GPU market, its expansion into data centers and artificial intelligence, and its partnerships with leading technology companies.
Competition: Nvidia faces competition from companies like AMD, Intel, and Qualcomm in the GPU and data center markets. However, Nvidia has maintained its market leadership through innovation and strategic partnerships.
Financial Performance: Nvidia has a strong balance sheet with [cash on hand] in cash and [debt level] in debt. The company has consistently generated strong free cash flow and has a healthy dividend yield.
Stock Performance: Nvidia's stock has outperformed the market over the past [time period], with a [percentage] return compared to [market index] return of [percentage].
Analyst Recommendations: Analysts are generally bullish on Nvidia's stock, with [number] analysts rating it as a Buy, [number] as a Hold, and [number] as a Sell. The average price target for Nvidia's stock is [price target], indicating [percentage] upside potential from its current price.