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NVIDIA CORPORATION

(NVDA)
  Report
Real-time Estimate Cboe BZX  -  06:01:58 2023-06-08 pm EDT
386.14 USD   +0.27%
05:01pNVIDIA Stockholder Meeting Set for June 22; Individuals Can Participate Online
AQ
05:01pNVIDIA Announces Upcoming Event for Financial Community
AQ
04:20pWall Street ends up amid record low volatility ahead of eventful week
RE
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Counting down the $70 billion to a debt deal

05/26/2023 | 12:32am EDT
U.S. President Joe Biden holds debt limit talks with Congressional leaders at the White House in Washington

A look at the day ahead in European and global markets from Vidya Ranganathan

The week draws to a close with pretty much the same buzz around artificial intelligence and U.S. debt diplomacy that it kicked off with.

Stock markets were getting a breather after the excitement over the blowout forecast from chipmaker Nvidia Corp and the follow-through rally in AI-related companies, which powered the Nasdaq's best day in three weeks.

Japan's Nikkei maintained its momentum, however, after data showed inflation again well above policy targets and as foreign money poured into the market.

But all eyes are on the U.S. debt ceiling debate, where it looks like President Joe Biden and top Republican lawmaker Kevin McCarthy are just $70 billion apart on discretionary spending, according to a person familiar with the talks.

The deal's going down to the wire, which itself is a moving target. Treasury's announcement of a slate of bill auctions for early next week had some market participants suggesting the debt ceiling's so-called "X-date", when the government runs out of cash, may not in fact be June 1. Figures on Thursday showed that Treasury's cash balance is down to just $49.47 billion.

The deal is not final, and work requirements for anti-poverty programs are a sticking point as is funding for the Internal Revenue Service to hire more auditors and target wealthy Americans. But funding for discretionary spending on military and veterans is on, as per sources.

Meanwhile, markets are growing less confident that the Federal Reserve will keep rates on hold in June. The CME FedWatch Tool now puts the chances of a quarter-point rate rise to 5.25-5.50% on June 14 at more than 50%.

Main economic indicators on Friday include the U.S. Commerce Department's personal consumption expenditures (PCE) price index figures for April, which could show a small rise similar to March.

Key developments that could influence markets on Friday:

U.S. PCE price index

ECB's Philip Lane and Croatian central bank Governor Boris Vujcic speak at events

(Reporting by Vidya Ranganathan; Editing by Edmund Klamann)


ę Reuters 2023
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / EURO (AUD/EUR) 0.12% 0.62231 Delayed Quote.-1.92%
BRITISH POUND / EURO (GBP/EUR) 0.21% 1.16421 Delayed Quote.2.84%
CANADIAN DOLLAR / EURO (CAD/EUR) -0.58% 0.694464 Delayed Quote.1.15%
CME GROUP 0.00% 0.03 End-of-day quote.0.00%
INDIAN RUPEE / EURO (INR/EUR) -0.63% 0.011241 Delayed Quote.0.32%
NASDAQ COMPOSITE 1.02% 13238.52 Real-time Quote.25.21%
NIKKEI 225 -0.85% 31641.27 Real-time Quote.22.30%
NVIDIA CORPORATION 2.76% 385.1 Delayed Quote.156.43%
US DOLLAR / EURO (USD/EUR) -0.69% 0.927498 Delayed Quote.0.03%
All news about NVIDIA CORPORATION
05:01pNVIDIA Stockholder Meeting Set for June 22; Individuals Can Participate Online
AQ
05:01pNVIDIA Announces Upcoming Event for Financial Community
AQ
04:20pWall Street ends up amid record low volatility ahead of eventful week
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04:00pBehold Wall Street's new bull market, maybe
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04:00pWall Street ends up amid record low volatility ahead of eventful week
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04:00pAI startup Cohere raises funds from Nvidia, valued at $2.2 billion
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03:28pFinancial advisor warns of AI exuberance as Nasdaq soars
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02:19pWall Street climbs amid thin volumes ahead of eventful week
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12:07pWall Street climbs as yields slip on jobless claims data
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11:35aWEEKLY PREVIEW: Dates until June 20, 2023
DP
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Analyst Recommendations on NVIDIA CORPORATION
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Financials (USD)
Sales 2024 42 838 M - -
Net income 2024 15 235 M - -
Net cash 2024 13 840 M - -
P/E ratio 2024 60,0x
Yield 2024 0,04%
Capitalization 927 B 927 B -
EV / Sales 2024 21,3x
EV / Sales 2025 17,4x
Nbr of Employees 26 196
Free-Float 95,5%
Chart NVIDIA CORPORATION
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NVIDIA Corporation Technical Analysis Chart | MarketScreener
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Technical analysis trends NVIDIA CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 50
Last Close Price 374,75 $
Average target price 440,16 $
Spread / Average Target 17,5%
EPS Revisions
Managers and Directors
Jen Hsun Huang President, Chief Executive Officer & Director
Colette M. Kress Chief Financial Officer & Executive Vice President
William James Dally Chief Scientist & Senior Vice President-Research
Tony Tamasi Senior Vice President-Content & Technology
Debora Shoquist Executive Vice President-Operations
Sector and Competitors
1st jan.Capi. (M$)
NVIDIA CORPORATION156.43%926 805
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