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NVIDIA Corp (NVDA) Stock: What Does the Chart Say Monday?

Monday, February 26, 2024 02:54 PM | InvestorsObserver Analysts

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NVIDIA Corp (NVDA) Stock: What Does the Chart Say Monday?

NVIDIA Corp (NVDA) stock has risen 9.07% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
NVIDIA Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NVDA!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With NVDA Stock Today?

NVIDIA Corp (NVDA) stock is higher by 0.48% while the S&P 500 is lower by -0.16% as of 2:53 PM on Monday, Feb 26. NVDA has gained $3.82 from the previous closing price of $788.17 on volume of 38,843,425 shares. Over the past year the S&P 500 has risen 27.58% while NVDA has gained 237.00%. NVDA earned $11.93 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 66.34. To see InvestorsObserver's Sentiment Score for NVIDIA Corp click here.

More About NVIDIA Corp

Nvidia is the top designer of discrete graphics processing units that enhance the experience on computing platforms. The firm's chips are used in a variety of end markets, including high-end PCs for gaming, data centers, and automotive infotainment systems. In recent years, the firm has broadened its focus from traditional PC graphics applications such as gaming to more complex and favorable opportunities, including artificial intelligence and autonomous driving, which leverage the high-performance capabilities of the firm's products. Click Here to get the full Stock Report for NVIDIA Corp stock.

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