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NVIDIA Corporation (NVDA) Looks Good: Stock Adds 5.3% in Session
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NVIDIA Corporation (NVDA - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $193.66 to $212.03 in the past one-month time frame.
The upside was driven by increased demand for graphics chips, as well as growth for the Volta chips looks promising in the near term.
The company has seen four positive estimate revisions in the past one month, while its Zacks Consensus Estimate has also moved higher over the same time frame, suggesting that more solid trading could be ahead for NVIDIA. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
NVIDIA currently has a Zacks Rank #1 (Strong Buy), while its Earnings ESP is positive.
Is NVDA going up? Or down? Predict to see what others think: Up or Down
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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NVIDIA Corporation (NVDA) Looks Good: Stock Adds 5.3% in Session
NVIDIA Corporation (NVDA - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $193.66 to $212.03 in the past one-month time frame.
The upside was driven by increased demand for graphics chips, as well as growth for the Volta chips looks promising in the near term.
The company has seen four positive estimate revisions in the past one month, while its Zacks Consensus Estimate has also moved higher over the same time frame, suggesting that more solid trading could be ahead for NVIDIA. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
NVIDIA currently has a Zacks Rank #1 (Strong Buy), while its Earnings ESP is positive.
NVIDIA Corporation Price
NVIDIA Corporation Price | NVIDIA Corporation Quote
Another stock worth considering in the Semiconductor - General industry is Intel Corporation (INTC - Free Report) , which carries a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Is NVDA going up? Or down? Predict to see what others think: Up or Down
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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