Why Nvidia Stock Popped Today

Rich Smith, The Motley Fool
·2 min read
Why Nvidia Stock Popped Today

Volatile Nvidia (NASDAQ: NVDA) stock, which has suffered through more down days than up days so far this year, is having a rare green day on Friday, as shares of the semiconductor giant inch up 2.1% as of 12:10 p.m. ET. First and foremost, at a recent P/E ratio of 70, Nvidia stock -- while far from cheap -- nonetheless costs a whole lot less than it did as recently as just late last year, when shares of the graphics chips specialist were regularly changing hands for 90 times earnings and up. At the same time, investors in Nvidia still have a few weeks to wait before Nvidia delivers its next batch of earnings news on Feb. 16.

Continue reading
  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • What to know about the Supreme Court case about immunity for former President Trump

    The Supreme Court has scheduled a special session to hear arguments over whether former President Donald Trump can be prosecuted over his efforts to undo his 2020 election loss to President Joe Biden. The case, to be argued Thursday, stems from Trump's attempts to have charges against him dismissed. Lower courts have found he cannot claim for actions that, prosecutors say, illegally sought to interfere with the election results.

  • A cluster of earthquakes shakes Taiwan after a strong one killed 13 earlier this month

    A cluster of earthquakes shook Taiwan early Tuesday. The strongest had a magnitude of 6.1, according to the U.S. Geological Survey. There were no deaths reported in the quakes, although there was further damage to two multi-story buildings that had been evacuated after a magnitude 7.4 quake that hit the island earlier this month.

  • Hurricanes rally in third to beat Islanders 5-3, take 2-0 series lead

    RALEIGH, N.C. (AP) — The Carolina Hurricanes were down big at home in the NHL playoffs, playing desperate hockey full of withering long shifts in the offensive zone as they tried to rally. They fought back long enough to give themselves a chance — then Sebastian Aho and Jordan Martinook pounced to complete an improbable comeback that will linger in franchise lore. Aho scored the tying goal late in the third period, followed by Martinook with the winner 9 seconds later as the Hurricanes beat the

  • Jamal Murray sinks shot at buzzer to cap 20-point comeback and lead Nuggets past Lakers 101-99

    DENVER (AP) — Jamal Murray sank a 15-foot step-back jumper at the buzzer and the Denver Nuggets wiped out a 20-point second-half deficit to stun the Los Angeles Lakers 101-99 Monday night and take a 2-0 lead in their Western Conference playoff series. Murray's fadeaway, falling-down game-winner provided the Nuggets with their first lead since 5-3 in the opening minutes and gave the reigning NBA champions their 10th consecutive win over the Lakers. The series shifts to Los Angeles for Game 3 Thur

  • Aid for Ukraine, Israel and Taiwan heads to Senate for final approval after months of delay

    The Senate is returning to Washington on Tuesday to vote on $95 billion in war aid to Ukraine, Israel and Taiwan, taking the final steps in Congress to send the legislation to President Joe Biden’s desk after months of delays and contentious internal debate over how involved the United States should be abroad. The $61 billion for Ukraine comes as the war-torn country desperately needs new firepower and as Russian President Vladimir Putin has stepped up his attacks. Bidentold Ukrainian President Volodymyr Zelenskyy on Monday the U.S. will soon send badly needed air defense weaponry.

  • Padres vs. Rockies Highlights

    Jackson Merrill and the Padres take on Sean Boucher and the Rockies on April 22, 2024

  • Chrono Aviation announces new Iqaluit-Quebec flight to begin in August

    A new Iqaluit-Quebec flight is set to be in service through Chrono Aviation in August with tickets going on sale in May. Arctic Co-op and Chrono Aviation have an exclusive contract with Baffinland Iron Mines to bring employees in and out of Iqaluit from Saint Hubert, Que., previously aboard Boeing 737 200 series aircraft, which can seat up to 120 passengers. After opting for the 800 series aircraft, which offers an additional 67 seats, the airline has decided to offer the general public access t

  • Cease allows 1 hit over 7 innings to pitch Padres past scuffling Rockies 3-1 at Coors Field

    DENVER (AP) — Dylan Cease permitted one hit in seven innings and pinch-hitter Tyler Wade singled home the tiebreaking run in the eighth, sending the San Diego Padres to a 3-1 victory over the struggling Colorado Rockies on Monday night. Cease (3-1) struck out eight and walked none. The only baserunner he allowed in a 90-pitch outing was Charlie Blackmon's leadoff double in the fourth. “In control was the best way of saying it,” Padres manager Mike Shildt said. “Everything was coming out clean, i

  • All 10 crew members killed after two naval helicopters crash mid-air during training in Malaysia

    Aircraft collide during training session ahead of Royal Malaysian Navy celebrations

  • Michael Porter Jr. flies in for the alley-oop slam

    Michael Porter Jr. flies in for the alley-oop slam, 04/22/2024

  • Austin Reaves with a 2 Pt vs. Denver Nuggets

    Austin Reaves (Los Angeles Lakers) with a 2 Pt vs. Denver Nuggets, 04/22/2024

  • Rui Hachimura with a 2 Pt vs. Denver Nuggets

    Rui Hachimura (Los Angeles Lakers) with a 2 Pt vs. Denver Nuggets, 04/22/2024

  • Taurean Prince drills the trey

    Taurean Prince drills the trey, 04/22/2024

  • Nikola Jokic finishes through contact

    Nikola Jokic finishes through contact, 04/22/2024

  • D'Angelo Russell knocks it down as the clock expires

    D'Angelo Russell knocks it down as the clock expires, 04/22/2024

  • Peyton Watson with a 2 Pt vs. Los Angeles Lakers

    Peyton Watson (Denver Nuggets) with a 2 Pt vs. Los Angeles Lakers, 04/22/2024

  • LeBron James with the big dunk

    LeBron James with the big dunk, 04/22/2024

  • Aaron Gordon slams it home

    Aaron Gordon slams it home, 04/22/2024

  • Jamal Murray with a Last Basket of The Period vs. Los Angeles Lakers

    Jamal Murray (Denver Nuggets) with a Last Basket of The Period vs. Los Angeles Lakers, 04/22/2024

  • Anthony Davis rises up and throws it down

    Anthony Davis rises up and throws it down, 04/22/2024