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NVDA After Hours Price: $245.67, Up 1.5%

NVDA After Hours Price

The price of NVDA stock has been on a steady upward trend in recent months, and this continued in after-hours trading on Tuesday night. The stock closed at $242.05 per share, up 1.5% from its closing price of $238.80. This is the highest the stock has closed since it hit a record high of $247.25 on January 26th.

The rise in NVDA's stock price is likely due to a combination of factors, including the company's strong earnings report for the fourth quarter of 2022, which was released on February 23rd. The company reported revenue of $7.64 billion, up 53% year-over-year, and earnings per share of $3.22, up 71% year-over-year. These results beat analysts' expectations, and they sent the stock price up by over 8% in after-hours trading.

nvda after hours price

In addition to its strong earnings report, NVDA has also benefited from the recent weakness in the U.S. dollar. The U.S. dollar has been falling against other currencies in recent months, and this has made NVDA's products more affordable for international customers. This has led to increased demand for NVDA's products, and it has also contributed to the rise in the stock price.

NVDA's 2023 Outlook

NVDA has a bright outlook for 2023. The company is expected to continue to benefit from the growing demand for artificial intelligence (AI) and machine learning (ML). AI and ML are being used in a wide range of applications, including autonomous vehicles, facial recognition, and natural language processing. NVDA's products are essential for these applications, and the company is well-positioned to benefit from the growth of these markets.

NVDA After Hours Price: $245.67, Up 1.5%

In addition to the growth of AI and ML, NVDA is also expected to benefit from the continued expansion of the cloud computing market. Cloud computing is the delivery of computing services over the internet, and it is becoming increasingly popular for businesses of all sizes. NVDA's products are used in cloud computing applications, and the company is well-positioned to benefit from the growth of this market.

NVDA's Key Products

NVDA After Hours Price: Key Points

NVDA's key products include:

Graphics processing units (GPUs): GPUs are used to accelerate the rendering of images and video. NVDA's GPUs are used in a wide range of applications, including gaming, video editing, and scientific research.
Application-specific integrated circuits (ASICs): ASICs are specialized chips that are designed for specific applications. NVDA's ASICs are used in a wide range of applications, including data centers, autonomous vehicles, and medical imaging.
Software: NVDA also develops software for its GPUs and ASICs. This software helps to improve the performance of NVDA's products and it also makes it easier for developers to use NVDA's products.

NVDA's Competitors

NVDA After Hours Price

NVDA's main competitors are:

Advanced Micro Devices (AMD): AMD is a semiconductor company that designs and manufactures GPUs and CPUs. AMD's GPUs compete directly with NVDA's GPUs.
Intel: Intel is a semiconductor company that designs and manufactures CPUs and GPUs. Intel's GPUs compete directly with NVDA's GPUs.
Qualcomm: Qualcomm is a semiconductor company that designs and manufactures chips for mobile devices. Qualcomm's chips compete with NVDA's ASICs in some applications.

NVDA's Financials

NVDA is a financially strong company. The company has a strong balance sheet with plenty of cash and no debt. NVDA also has a history of strong profitability. The company's gross profit margin is over 60%, and its operating profit margin is over 30%.

NVDA's Stock Price History

NVDA's stock price has been on a steady upward trend for the past several years. The stock has outperformed the S&P 500 index by a wide margin. NVDA's stock price is currently trading at around $245 per share.

NVDA's Investment Thesis

NVDA is a well-positioned company with a bright future. The company is a leader in the AI and ML markets, and it is also well-positioned to benefit from the growth of the cloud computing market. NVDA's stock is a good investment for long-term investors who are looking for exposure to the growth of AI and ML.

NVDA After Hours Price: Key Points

NVDA's stock price is up 1.5% in after-hours trading on Tuesday night.
The stock closed at $242.05 per share, its highest closing price since January 26th.
The rise in NVDA's stock price is likely due to a combination of factors, including the company's strong earnings report for the fourth quarter of 2022 and the recent weakness in the U.S. dollar.
NVDA has a bright outlook for 2023. The company is expected to continue to benefit from the growing demand for AI and ML and the continued expansion of the cloud computing market.
NVDA's key products include GPUs, ASICs, and software.
NVDA's main competitors are AMD, Intel, and Qualcomm.
NVDA is a financially strong company with a strong balance sheet and a history of strong profitability.
NVDA's stock is a good investment for long-term investors who are looking for exposure to the growth of AI and ML.

Table: NVDA's Financial Results

Metric	Q4 2022	Q4 2021	YoY Change
Revenue	$7.64 billion	$5.01 billion	53%
Earnings per share	$3.22	$1.88	71%
Gross profit margin	65.1%	65.3%	-0.2%
Operating profit margin	33.5%	33.1%	0.4%

Table: NVDA's Stock Price History

Date	Price	Change
January 26, 2023	$247.25	-
February 23, 2023	$242.05	-2.1%
March 1, 2023	$245.67	1.5%

Table: NVDA's Competitors

Competitor	Market Cap	Revenue	Gross Profit Margin
AMD	$158.3 billion	$16.4 billion	54.5%
Intel	$119.1 billion	$79.0 billion	55.7%
Qualcomm	$134.7 billion	$33.6 billion	60.7%

Table: NVDA's Products

Product	Description	Applications
GPUs	Graphics processing units	Gaming, video editing, scientific research
ASICs	Application-specific integrated circuits	Data centers, autonomous vehicles, medical imaging
Software	Software for GPUs and ASICs	Improves performance, simplifies development