The No. 1 AI Stock of 2024 (Not Nvidia)
It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.
About NVIDIA Corporation
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, Graphics and Compute & Networking. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise design; GRID software for cloud-based visual and virtual computing; and automotive platforms for infotainment systems. The Compute & Networking segment offers Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; and Jetson for robotics and other embedded platforms. The company's products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants. NVIDIA Corporation was founded in 1993 and is headquartered in Santa Clara, California.
General
| Name | NVIDIA Corporation |
| Ticker | NVDA |
| Exchange | NASDAQ |
| Sector | Technology |
| Industry | Semiconductors |
| Currency | USD |
| Country | USA |
| Fiscal Year End | January |
| Full Time Employees | 18,975 |
Highlights
| Analyst Target | 629.87 |
| Market Cap | 320,881,000,448 |
| PE Ratio | 55.24 |
| PEG Ratio | 3.34 |
| EBITDA | 5,818,999,808 |
Share Stats
| Shares Outstanding | 619,000,000 |
| Shares Float | 594,592,400 |
| Shares Short | 5,676,397 |
| Insider Holdings | 418% |
| Institution Holdings | 68.43% |
Highlights
| Analyst Target | 629.87 |
| Market Cap | 320,881,000,448 |
| PE Ratio | 55.24 |
| PEG Ratio | 3.34 |
| EBITDA | 5,818,999,808 |
Valuation
| Trailing PE | 75.01 |
| Forward PE | 39.06 |
| Price/Sales (Trailing 12 Mt.) | 19.57 |
| Price/Book (Most Recent Quarter) | 19.08 |
Dividend
NVIDIA Corporation pays out a dividend of $0.64 per share, with a dividend yield of 0.02%.
NVDA's last dividend payment was made to shareholders on March 31, 2021.
They pay out 6.41% of their earnings out as a dividend.
Recent Dividends
| Jun 28, 2024 | $0.01 |
| Jun 4, 2024 | $0.04 |
| Mar 27, 2024 | $0.04 |
| Dec 28, 2023 | $0.04 |
| Sep 28, 2023 | $0.04 |
| Jun 30, 2023 | $0.04 |
| Mar 29, 2023 | $0.04 |
| Dec 22, 2022 | $0.04 |
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