Separately, Royal Bank Of Canada lifted their price objective on shares of NVIDIA from $124.00 to $130.00 and gave the stock an outperform rating in a research note on Friday.
NVIDIA (NDAQ:NVDA) traded down 1.898% during mid-day trading on Friday, reaching $111.464. The company’s stock had a trading volume of 7,694,075 shares. NVIDIA has a one year low of $24.75 and a one year high of $120.92. The firm’s 50 day moving average is $108.92 and its 200-day moving average is $80.99. The stock has a market cap of $61.64 billion and a P/E ratio of 43.371.
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NVIDIA Company Profile
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.
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