NVIDIA Corp (NASDAQ:NVDA) shares traded 3.15% higher at $121.41 on Wall Street last session.
NVDA stock price is now -4.07% away from the 50-day moving average and -4.99% away from the 200-day moving average. The market capitalization of the company currently stands at $2962.40B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On November 21, 2024, Wells Fargo reiterated its ‘Overweight’ rating on the stock by increasing its target price from $165 to quote $185, while ‘Truist’ rates the stock as ‘Buy’
In other news, Shah Aarti S., Director sold 20,000 shares of the company’s stock on Mar 20 ’25. The stock was sold for $2,368,377 at an average price of $118.42. Upon completion of the transaction, the Director now directly owns 53,208 shares in the company, valued at $6.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 21 ’25, EVP & Chief Financial Officer Kress Colette sold 66,660 shares of the business’s stock. A total of $7,787,993 was realized by selling the stock at an average price of $116.83. This leaves the insider owning 3,085,765 shares of the company worth $374.64 million. A total of 4.00% of the company’s stock is owned by insiders.
During the past 12 months, NVIDIA Corp has had a low of $75.61 and a high of $153.13. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 4.44, and a quick ratio of 3.88.
The net profit margin was 55.85% and return on equity was 119.18% for NVDA. The company reported revenue of $39.33 billion for the quarter, compared to $22.1 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 77.94 percent.
