why nvidia stock went down

The stock price of Nvidia Corporation (NASDAQ

: NVDA) fell by 4.48% today. Investors are responding negatively to a Bloomberg report that the company is quietly preparing to abandon the $40 billion acquisition of Arm Holdings. This decision is reportedly based on the company barely making any progress in receiving approval for the acquisition.

Full Answer

Why you should buy Nvidia stock and hold it forever?

Mar 06, 2022 · In the latest quarter, Nvidia's revenue hit a record $7.64 billion, up 53% year over year. The fact that Nvidia ( NVDA -4.50% ) did so well …

Is Nvidia stock a Buy Right Now?

Apr 11, 2022 · As of this writing, NVDA stock is down 5.6% for the day and 19% for the week. While today’s decline has been gradual, the stock doesn’t show signs of a rebound. Why It Matters

Why to buy Nvidia stock?

Feb 17, 2022 · Let’s dive into why Nvidia stock is down today below! Strangely enough, NVDA stock is slipping despite strong earnings in the most recent quarter. That includes adjusted earnings per share of...

Does Nvidia stock have upside potential?

Feb 17, 2022 · But after the stock gained 125% in 2021, investors are feeling the report wasn't enough. Nvidia shares are down about 16% so far in 2022, including a …

Is Nvidia stock expected to rise?

Stock Price Forecast The 39 analysts offering 12-month price forecasts for NVIDIA Corp have a median target of 350.00, with a high estimate of 400.00 and a low estimate of 210.00. The median estimate represents a +60.65% increase from the last price of 217.86.

Is Nvidia a good stock to buy?

Still a good buy Nvidia's revenue shot up 61% in fiscal year 2022 to $26.9 billion. Adjusted earnings were up 78% to $4.44 per share. So far, the video gaming and data center markets have been the pillars of this terrific growth, and they are likely to help the company maintain its momentum in the long run.Mar 28, 2022

What caused Nvidia stock to go up?

Nvidia earnings needed to be good for the chip maker's stock to continue its remarkable rise. And they were. The company's potentially key role in the metaverse—the virtual world seen as the future of the internet—also got another mention, which surely helped the stock's cause.Nov 18, 2021

Is NVDA overvalued?

Nvidia's stock is still very overvalued, trading at a steep price-to-sales multiple.Feb 14, 2022

Is Nvidia a sell or buy?

Nvidia Stock EPS, SMR Ratings Its SMR Rating gauges sales growth, profit margins and return on equity. Out of 44 analysts covering NVDA stock, 37 rate it a buy.6 days ago

Is now a good time to buy Nvidia?

Nvidia is a great buy. Investors willing to take on some volatility would be wise to take advantage of the lower price to own one of the most innovative public companies today.Mar 3, 2022

Is NVDA a buy Zacks?

Analysts are relentlessly bullish on NVDA as the company consistently blows out estimates each quarter. Sell-side analysts have been pushing up their EPS projections over every time horizon, propelling NVDA into a Zacks Rank #2 (Buy).6 days ago

Does Nvidia pay a dividend?

How much is Nvidia's dividend? NVDA pays a dividend of $0.16 per share. NVDA's annual dividend yield is 0.07%. Nvidia's dividend is lower than the US industry average of 2.16%, and it is lower than the US market average of 4.14%.

A record quarter closed out a record year, but investors are still concerned

Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years.

What happened

Specialty chip maker Nvidia ( NASDAQ:NVDA) just closed out a record year with its fiscal fourth-quarter 2022 revenue showing strength in several of its target growth markets. But after the stock gained 125% in 2021, investors are feeling the report wasn't enough.

So what

While the company is working to grow its omniverse business in professional visualization and its automotive exposure, Nvidia's gaming and data center sales still made up over 87% of total revenue. Those two segments also both realized record annual sales, growing 61% and 58%, respectively, over the prior year.

Now what

The company mostly known for gaming and graphics cards evolved over the course of the past year. While its gaming and data center businesses still dominate, professional visualization -- what CEO Jensen Huang refers to as the omniverse -- more than doubled year over year.

Earnings day is less than a week away

I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.

What happened

After dropping steeply early Thursday morning, then recovering in the late morning, it's afternoon now, and Nvidia ( NASDAQ:NVDA) stock is down again -- by 2% as of 2:25 p.m. ET.

Now what

I think the simpler and more likely reason that Nvidia stock is showing weakness Thursday is that some investors are stepping to the sidelines in advance of the chipmaker's upcoming earnings report next Wednesday, so as to not get caught in a downdraft if the news is bad.

What happened

Up again, down again semiconductor stock Nvidia ( NVDA 1.72% ) is... down again in Friday afternoon trading, falling 2.9% through 12:45 p.m. ET.

So what

Nvidia has benefited from a "strong holiday gaming season," explained Citigroup in a note covered today on StreetInsider.com, as well as from "solid data center demand trends." Although the global semiconductor shortage continues to weigh on sales volumes, Citi thinks that "gaming/networking foundry supply [will] improve in 2H this year," helping to boost revenues..

Now what

CES 2022 is winding down now and, if truth be told, none of Nvidia's new product announcements there really helped the stock out very much.

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Is Nvidia based on Pascal?

As a reminder, while NVIDIA launched its new Turing architecture-based GeForce RTX cards for the high end of the gaming market (and Kress said on the call that "Pascal high-end cards have largely sold through ahead of RTX"), the company's midrange gaming graphics cards are still based on the older Pascal architecture.

Is the cryptocurrency boom going bust?

Cryptocurrency boom goes bust. As you might remember, there was a big boom in cryptocurrency prices. This led to massive industrywide demand for graphics processing units (GPUs) -- NVIDIA's main product line -- as those devices are used to run the computations necessary to mine cryptocurrencies, such as Ethereum .

Who is Ashraf Eassa?

Ashraf Eassa is a Senior Technology Specialist with The Motley Fool. He's an experienced and passionate technology stock analyst and investor with focus on semiconductor companies. He holds a B.S. in Computer Science as well as in Mathematics from the University of Vermont. You can write to him at [email protected] -- he doesn't bite!

Who is the CEO of Nvidia?

During the call, NVIDIA CEO Jensen Huang offered some additional color on what happened. " [We] came into Q3 with excess channel inventory post the crypto hangover," Huang admitted. However, the executive said that NVIDIA expected prices of the graphics cards sitting in the channel to decline.