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The start of the year was very weak for US tech stocks, including graphics chip maker NVIDIA, which fell 7.4% in the first trading week of January. This was due to increased expectations of a faster-than-expected tightening of monetary policy in the US after the publication of the hawkish minutes of the FED’s December meeting. Talks about raising rates in America traditionally cause increased volatility in high-tech stocks, and this time was no exception.

NVDA stock price today

As of today, the NVDA stock price chart shows the figure of $175. 

NVIDIA shares are currently trading below their all-time highs. On the 4-hour chart, you can see that the price of the asset has overcome the key resistance level and is above it. In such a situation, it is quite difficult to make an unambiguous forecast for Nvidia shares. It can be assumed that if the resistance line becomes support, then a rebound from it will open the way for further growth for quotes.

How did quarterly revenue and earnings impact the current stock price of NVDA?

NVIDIA, the world’s largest developer of graphics accelerators and processors, presented a rather strong report for the first quarter of the fiscal year 2022, which ended on May 1. Revenue increased 46.4% YoY to a record $8.29 billion and beat the consensus estimate of $8.1 billion Gaming GPU sales up 31.2% to $3.62 billion on continued strong demand for graphics accelerators of the GeForce RTX 30 family. 

At the same time, sales in the data center solutions segment soared 83.1% to $3.75 billion amid strong demand from hyper-scale cloud service providers that use the company’s processors for their data centers. 

In addition, NVIDIA noted a significant increase in demand for professional graphics adapters, as a result of which the company’s corresponding business recorded a jump in sales by 67.2% to $622 million. At the same time, in the automotive solutions segment, revenue decreased by 10.4% to $138 million, reflecting ongoing challenges in the sector.

NVIDIA’s F1 adjusted EBITDA rose 51.1% to $4.29 billion, while the EBITDA margin improved 1.6 percentage points to 51.7%. Adjusted earnings per share rose 49.5% to $1.36 and 7 cents ahead of analysts’ average estimate. This is good news for the NVDA pre-market stock price.

Revenue results

NVIDIA’s balance sheet remains solid. The company ended the 1st financial quarter with $20.38 billion of cash and investments in its accounts, with long-term debt of $10.95 billion.

During the reporting period, the company generated $1.73 billion in operating cash flow, directed $361 million in investments, and returned $2.100 billion to shareholders through share repurchases and dividends. At the same time, the NVIDIA Board of Directors approved a new $15 billion buyback program (3.5% capitalization), which is scheduled to be completed in December 2023 calendar year.

NVDA stock price prediction for 2025

To date, analysts have the next data:

  • NVDA stock price target of $264.52.

  • The 200-day moving average is the resistance level ($242.12).

  • 50-day moving average – resistance level ($207.43).

Specialists expect strong demand for the company’s gaming GPUs to continue and look forward to further strengthening its position in areas such as artificial intelligence, deep learning, supercomputing, and data centers. 

NVDA’s after-hours stock price has fallen markedly this year on the back of a general sell-off in the technology sector.

Lockdown to help NVDA stock price to strengthen

The NVDA stock price today is the outcome of the worldwide lockdown. The company has been the beneficiary of the profound changes that the coronavirus pandemic and the response to it have brought to the lives of consumers and businesses. 

After the introduction of hard lockdowns in most countries, the demand for home entertainment such as computer games increased dramatically, which led to an increase in sales of graphics accelerators. In addition, due to the massive transition of companies to remote work, the demand for components for data centers has increased significantly.

NVDA stock price chart history

The Nvidia stock chart allows you to evaluate the effectiveness of certain factors on the price of an asset. It shows that Nvidia shares experienced both ups and downs. 

  1. The first sharp decline in quotations occurred in 2002, when, in the final phase of the “collapse of the dot-coms”, the price of Nvidia’s shares fell from $24.22 to $2.40. 

  2. The second major drop in Nvidia stock was triggered by the economic crisis of 2007-2008. The shares of the corporation then fell in price from $39.67 to $5.75.

Over the past six years, Nvidia’s share price has risen more than 17 times. If in August 2015 the shares of the corporation were worth $19.85 on the stock exchange, then in November 2021 the NVDA pre-market stock price reached $350.

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