NVIDIA (NVDA) Stock Price

Financial Performance

NVIDIA's financial performance is strong with a revenue of $39.3B, marking an increase by 12.1% from the previous quarter and up by 51% YoY. The gross profit was at $28.7B, which is also up by 9.8% QoQ and up by 40.8% YoY. Their operating income profit was at $24B, reflecting an increase of 9.9% QoQ and up by 42.1% YoY. These figures suggest that NVIDIA's profitability is robust and it has maintained a healthy growth rate.

Stock Price

The stock price for NVIDIA currently stands at $177.17 with a slight decrease of -1.8% in the last month, indicating some volatility in the short term market conditions but not necessarily reflective of its long-term performance or value proposition to investors given its solid fundamental indicators like EBITDA ratio of 0.66, PE ratio of 50.48 and EPS (earnings per share) of 3.51.

The RSI (Relative Strength Index) value at present is around the mid-range at approximately 56 which indicates neither overbought nor oversold conditions while the stock's current price remains significantly above its long-term (200-day) moving average ($139), suggesting a bullish trend.

Alternative Data Signals

NVIDIA exhibits strong alternative data signals as well: web traffic has increased significantly with an estimated monthly visitor count standing at around ~36 million visitors/month representing growth rates both MoM (17%) & YoY(15%). This suggests growing interest in their products/services among consumers/clients.

The company currently has about 3000 job openings, which is up by a substantial 50% both MoM and YoY, indicating a strong business outlook and expansion plans. A very high percentage (93%) of employees report having a positive business outlook, suggesting good internal morale and confidence in the company's future.

On the social media front, NVIDIA has robust follower counts across multiple platforms - Twitter (~2.4 million), Instagram (~2.4 million), Facebook (~2.3 million) with notable growth rates over the last quarter which could indicate increasing brand popularity and reach.

Conclusion

In conclusion, considering NVIDIA's solid financial performance, above-average stock price trends despite short-term volatility, strong alternative data signals including web traffic growth rate, job openings and employee sentiment as well as growing social media presence; we maintain a bullish view on NVIDIA's stock.

Note: This AI Stock Analysis is based on data as of September 12. Our members can refresh and get access to an up-to-date AI stock analysis.

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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 $177.8, will... Sign up to access price prediction.