![]() ![]() ![]() In June, the company's stock surged after it announced a partnership with Volvo. That said, there is hope that Nvidia's growth will continue given its long-term plans of integrating its AI technology into self-driving cars. ![]() Jon Peddie, of Jon Peddie Research, told CNBC in an email that he thinks AMD "has won some great engagements and will be increasing its share" in the market by the end of 2020. However, while Nvidia still dominates the data center market, experts say its competitors, such as AMD, do pose a threat. On Thursday, Nvidia CEO Jensen Huang told CNBC that he's not currently worried about companies like Google, Amazon, Facebook or Tesla becoming competitors, especially since those firms are Nvidia customers and Google is the only one he knows of that produces its own silicon at scale. Looking forward, the future of Nvidia could go either way, especially given how quickly technology progresses. While Nvidia's stock has done well over the years, any individual stock can over- or underperform and past returns do not predict future results.ĬNBC: Nvidia stock as of August 16, 2019. Gaming, the company's biggest segment, posted revenue of $1.31 billion, down 27% from a year earlier but just above estimates of $1.30 billion. Revenue landed at $2.58 billion, versus the predicted $2.54. Nvidia is in the middle of getting back to normal after channel-inventory issues emerged last year, and now, ahead of the back-to-school season, the company's chief financial officer, Colette Kress, told analysts on its earnings call Thursday to expect Nvidia's key gaming business "to grow to reach that full normalization" by the end of the current quarter.įor its fiscal second quarter, Nvidia reported earnings of $1.24 per share, versus $1.15 expected by analysts. Since launching in 1993, the tech company which specializes in manufacturing high-end graphics processors, has become a huge player within the gaming and artificial intelligence (AI) industries. By comparison, a $1,000 investment in the S&P 500 would have earned a total return of around 250% over the same period. 16, 2019, for a total return of nearly 1,200%, according to CNBC calculations. A $1,000 investment in 2009 would be worth almost $13,000 as of Aug. If you invested in Nvidia (NVDA) 10 years ago ago, you would end up with a healthy profit. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |