This points to a 61% probability for the stock rising over the next ten trading daysįive Day: NVDA 11%, vs.Of these 49 instances, the stock has seen a positive movement over the next ten trading days on 30 occasions.A change of 20% or more over ten trading days is a 2% likelihood event, which has occurred 49 times out of 2516 in the last 10 years.NVDA stock increased 20% over the last ten trading days (two weeks), compared to broader market (S&P500) rise of 5.2%.The combined impact of these factors helped boost Nvidia’s stock by 11% over the past five trading days. Analysts expect Nvidia to report steady revenue growth, supported by strong expected gaming console sales over the holiday season. To top it all, Piper Sandler placed a $260 price target on Nvidia’s stock, despite recent supply chain concerns. This move is expected to strongly benefit Nvidia, whose data center revenues have surged over the past couple of years. Further, this week Facebook FB announced plans to boost spending on data centers, servers, and network infrastructure. Last week, Nvidia NVDA announced its GeForce NOW RTX 3080 membership, which would allow users to stream over 1,100 games at high video quality and 120 FPS.

If you look at the change over the last ten days and one month, the stock has returned 20% and 14%, respectively, thus having outperformed the market on both occasions.

Nvidia stock (NASDAQ NDAQ: NVDA) is up 11% in just one week, completely outperforming the S&P 500 which was up just around 1%.

(Photo by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Nvidia stock was down 1.5 percent Thursday to $239.31 per share.ĪMD Vs.Nvidia logo displayed on a laptop screen is seen in this illustration photo taken in Krakow, Poland. Hari is forecasting 5 percent gaming revenue growth in Q4 as Nvidia digests low- and mid-range inventory build. He said investors should keep expectations low for Q4, especially for what he says will be a transitional quarter for the company’s gaming segment. Hari reduced his Q4 fiscal 2019 EPS estimate by 17 percent from $2.28 to $1.90, but said the long-term Nvidia thesis remains intact. “We expect idiosyncratic growth drivers such as its product cycle in Gaming and potential share gains in Data Center and Professional Visualization to contribute to earnings and stock price outperformance, particularly within the context of decelerating growth in the Automotive (only 5% of NVDA revenue) and Industrial (minimal direct exposure),” Hari wrote in a note.

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