The average analyst price target is $685.43, which implies 14.3% upside potential to current levels. Nvidia’s shares have gained 72% over the past year, while the stock still scores a Strong Buy consensus rating based on 24 Buys and 2 Holds. It split the units in an unusual pattern, i.e., 4:1, different from the. Shareholders of record on Thursday, September 8th will be given a dividend of 0.04 per share. In July 2021, Nvidia split the stocks with no real long-term economic advantage in mind. If approved, it would mark the company’s second stock split within three. We see several structural tailwinds driving sustained outsized top-line growth: gaming, data center/ AI accelerators, and autonomous vehicles.” NVIDIA announced a quarterly dividend on Wednesday, August 24th. On Wednesday, March 28, Tesla ( TSLA) announced plans to propose a stock split during its annual meeting in October 2022. Through its Mellanox acquisition, NVDA expanded its DC footprint from AI-accelerators to providing highspeed networking interconnects. Today, its parallel processing capabilities, supported by thousands of computing cores are essential for deep learning AI algorithms in data centers. The GPU was initially used to create graphics for video games and film. Schafer said, “Nvidia has transformed from a graphics company to becoming a premier leading AI computing platform company. In its most recent Q4 earnings report, the company reported full-year 2021 revenue and earnings of $16.68 billion and $10 per share, up 53% and 73% year-over-year respectively.Īnticipating a robust performance in the upcoming Q1 report, Oppenheimer analyst Rick Schafer maintained a Buy rating on the stock with a price target of $700, which implies 16.7% upside potential to current levels.
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