NVIDIA Corporation (NVDA) Dips 3.85 percent for January 27

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NVIDIA Corporation (NVDA) Dips 3.85 percent for January 27
NVIDIA Corporation (NVDA) Dips 3.85 percent for January 27

NVIDIA Corporation is a Nvidia is the leading designer of graphics processing units that enhance the experience on computing platforms.

Among the S&P 500’s biggest fallers on Wednesday January 27 was NVIDIA Corporation (NVDA). The stock experienced a 3.85% decline to $516.71 with 9.2 million shares changing hands.

NVIDIA Corporation started at an opening price of 529.20 and hit a high of $529.31 and a low of $511.75. Ultimately, the stock took a hit and finished the day at $20.7 per share. NVIDIA Corporation trades an average of n/a shares a day out of a total 619 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. NVIDIA Corporation hit a high of $589.07 and a low of $180.69 over the last year.

Nvidia is the leading designer of 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 graphics processing units.

With its headquarters located in Santa Clara, CA, NVIDIA Corporation employs 13,775 people. After today’s trading, the company’s market cap has fallen to $319.84 billion, a P/S of n/a, a P/B of 20.86, and a P/FCF of n/a.

For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

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