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Barclays Capital disclosed Nvidia Corporation (NDAQ:NVDA), hiking its price target to $140.00 earlier today

Yesterday Nvidia Corporation (NDAQ:NVDA) traded -5.33% lower at $155.96. The company’s 50-day moving average is $159.56 and its 200-day moving average is $127.02. The last closing price is up 22.78% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the date range. Volume of trade was up over the average, with 37,359,147 shares of NVDA changing hands over the typical 22,713,700

Reporting a possible downside of -0.10%, Barclays Capital raised the target price of Nvidia Corporation (NDAQ:NVDA) to $140.00

Performance Chart

Nvidia Corporation (NDAQ:NVDA)

With a total market value of $0, Nvidia Corporation has price-earnings ratio of 52.35 with a one year low of $57.32 and a one year high of $174.56 .

A total of 18 equity analysts have released a ratings update on NVDA. Six brokerages rating the company a strong buy, seven brokerages rating the company a buy, twelve brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $42.00.

General Company Details For Nvidia Corporation (NDAQ:NVDA)

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company's operates through two segments: GPU and Tegra Processor. The Company's GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users. The Company's Tegra brand integrates an entire computer onto a single chip, and incorporates GPUs and multi-core central processing units (CPUs) to drive supercomputing for mobile gaming and entertainment devices, as well as autonomous robots, drones and cars. The Company's processor has created platforms that address four markets: Gaming, Professional Visualization, Datacenter, and Automotive. The Company's offerings include NVIDIA DGX AI supercomputer, the NVIDIA DRIVE AI car computing platform and the GeForce NOW cloud gaming service.

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