NVIDIA (NVDA) Stock Price

Financial Performance

NVIDIA's financial performance has been strong with revenue at $39.3B, growing by 12.1% quarter-over-quarter and by a significant 51% year-over-year. The gross profit stands at $28.7B, showing an increase of 9.8% from the previous quarter and up by a substantial 40.8% year over year. The operating income profit also increased to $24B, up by 9.9% from the previous quarter and up by a remarkable 42.1% YoY, indicating solid profitability and operational efficiency.

Stock Price & Technical Indicators

The stock price is currently trading at $182.06, having risen by an impressive 6.7% in the last month and a whopping 73.8% YoY - significantly outperforming market averages during this period.The RSI value is currently at an overbought level of around 70 which might indicate that it could be due for a correction in the short term but it's not necessarily bearish on its own as strong stocks can remain overbought for prolonged periods of time.The stock's PE ratio is relatively high at around ~58 which indicates investors are willing to pay a premium for NVIDIA's future earnings growth potential.

Alternative Data Signals

NVIDIA's web traffic stands at approximately more than 30 million visitors per month, showing slight growth MoM and YoY.This suggests continued interest in their products/services from consumers globally.The company has seen explosive growth in app downloads recently with daily downloads increasing more than thirty fold MoM/YoY indicating potentially huge increases in user engagement.Furthermore,the number of job openings remains stable suggesting steady business expansion plans.NVIDIA's social media presence is also growing at a healthy rate, which could indicate increasing brand recognition and customer engagement.

Conclusion

In conclusion, NVIDIA's strong financial performance, robust growth in stock price, positive alternative data signals and optimistic business outlook all point towards a bullish stance for the company's stock. However, investors should keep an eye on the overbought RSI levels and high PE ratio which might indicate potential short-term volatility or downside risk.

Note: This AI Stock Analysis is based on data as of August 11. Our members can refresh and get access to an up-to-date AI stock analysis.

Sign up

Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of NVIDIA (NVDA), currently trading at $181.1, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.