Tag Archives: nvda

Nvidia Beats, But Intel Fees Nearing End Of Line

Nvidia (NVDA) stock gapped up Friday after the chipmaker late Thursday reported Q2 revenue that trumped Wall Street’s forecast. At least five analysts hiked Nvidia’s price target Friday. For its fiscal Q2 ended July 26, Nvidia reported $1.15 billion revenue, up 4.6% from the year-earlier quarter and beating the $1.01 billion consensus of 30 analysts polled by Thomson Reuters. Nvidia said sales of its GeForce chip, used in PC gaming, rose 51% in Q2

Tesla Partner Nvidia Seeing Major Stock Revival

Nvidia’s (NVDA) view-topping second-quarter results and third-quarter revenue guidance have revived its stock, which had fallen as much as 20% from March to July. The chipmaker is partners with Tesla Motors (TSLA), and also makes chips for gaming consoles and mobile devices. Shares of Nvidia gapped up 10% in huge volume to a three-month high in the stock market today, easily jumping above their 50-day and 200-day moving averages. Those averages

Nvidia Downgraded As Weak PC Gaming Seen Hurting 2015

Nvidia (NVDA) got downgraded Wednesday, as an analyst sees weakness in PC gaming hurting the chipmaker’s financial performance in the second half of the year. Nomura analyst Sanjay Chaurasia, in a research note Wednesday, cut his price target on Nvidia stock to 18 from 23 and downgraded the stock to neutral from buy. “We think Nvidia is one of the most innovative companies in our coverage universe,” Chaurasia wrote. “That said, we see several