NVIDIA Stock Bullish Momentum With A 34% Rise In The Last 21 Sessions

(VIANEWS) – Shares of NVIDIA (NASDAQ: NVDA) jumped by a staggering 34.77% in 21 sessions from $316.78 at 2023-05-18, to $426.92 at 11:49 EST on Monday, following the last session’s upward trend. NASDAQ is dropping 0.68% to $13,689.57, following the last session’s downward trend.

NVIDIA’s last close was $426.92, 1.8% above its 52-week high of $419.38.

About NVIDIA

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds. Its Compute & Networking segment provides Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; cryptocurrency mining processors; Jetson for robotics and other embedded platforms; and NVIDIA AI Enterprise and other software. The company's products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, independent software vendors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants. It has a strategic collaboration with Kroger Co. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.

Earnings Per Share

As for profitability, NVIDIA has a trailing twelve months EPS of $1.92.

PE Ratio

NVIDIA has a trailing twelve months price to earnings ratio of 222.35. Meaning, the purchaser of the share is investing $222.35 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 18.85%.

More news about NVIDIA (NVDA).

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