Million

Yield

Billion

Trillion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>NVIDIA (NVDA) stock started gaining bulls’ dominance in its recent trading session.</a> </li> 
 <li> <span>2</span> <a>NVDA stock surged upside following AMD stock price in one-day volume activity.</a> </li> 
</ul> 
<p>NVIDIA Corp. (NASDAQ: NVDA) stock price rose over 1% in its recent trading day while showing more than 32 Million volume in 1 day. Advanced Micro Devices Inc. (NASDAQ: AMD) stock price leading with over 65 Million volume in a day out of 100 semiconductors stocks. Intel Corporation (NASDAQ: INTC) and Applied Optoelectronics Inc. (NASDAQ: AAOI) further showed over 22 Million and 16 Million volumes with a bullish trend.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized"> 
  <img decoding="async" loading="lazy" src="https://lh3.googleusercontent.com/MxCuCFljRvuOis12RZ7Ej6HIZYvh82JsVKM5WH_XKoEhphFdcBNmKM761Dgp0tBmAg2bxkBrfOzWIlLH2b4tK3rZBJpSj8SudnoeTXqFej2SJZbTS6VGVQ7HaZXv5V6_A9XdN5JVgQxRU2UszjY5_A" alt="NVIDIA (NVDA) Stock Following AMD Stock in 1D Volume Activity" width="1164" height="284"> 
  <figcaption class="wp-element-caption"> <strong>Source: TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>Last week Advanced Micro Devices Inc. released its Q2 2023 report. This increased volume activity in its price is observed. On the other hand, with increased bull dominance, NVDA also started opposing its last week’s performance.</p> 
<h2 class="wp-block-heading" id="strong-will-nvda-stock-price-continue-bullishness-strong"><strong>Will NVDA Stock Price Continue Bullishness?</strong></h2> 
<p>NVDA stock price started this week with a 1.65% price gain on August 7, 2023, Monday’s trading session. The opening price of NVIDIA stock was $451.11 while it noted closing at $454.16. The <a href="https://www.thecoinrepublic.com/2023/08/05/intc-stock-price-bears-dominante-after-q2-2023-report-release/" rel="noopener noreferrer nofollow">stock </a>traded in between the price range of $455.40 to $445.63 and added $7.37 in the recent day trading session.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/7GXz4TksUS17f6NJ_v-MQpSyvYzpz4xptyTSvvzeu795fW4yuxw4StVwSs1kXQBt6aqOKnXb2QbV8698ft4f8XCA7BnOKbINNzYvVveY2d8GwPw3eJ45RrCmEDXhdwzoJlNgylECSokx3l1rRoth0Q" alt="NVIDIA (NVDA) Stock Following AMD Stock in 1D Volume Activity"> 
  <figcaption class="wp-element-caption"> <strong>Source: NVDA/USD by </strong><a href="https://www.tradingview.com/x/UHcWroDc/" target="_blank" rel="noopener noreferrer nofollow"><strong>TradingView</strong></a> 
  </figcaption> 
 </figure> 
</div> 
<p>With the support of active bulls in the recent trading session, NVDA stock price showed a bullish trend while nearing the 20-day moving average. The upside-rising graph can be seen which shows over 200% price growth in year-to-date price analysis.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized"> 
  <img decoding="async" loading="lazy" src="https://lh4.googleusercontent.com/reroI1Ys84K0fBY5Lk1cRHcNvf5ssg05TFbXzlg6je5ARxmTHVu2d1ImtpZehqLVvLM79GzbR-i8fkhDsf3DXnTmGSMNjlSV72Svew11FI_tWZZLNMkBfVaO2Ym1Kmr8FdWq9bhevZWAq3XrO52P3g" alt="NVIDIA (NVDA) Stock Following AMD Stock in 1D Volume Activity" width="1167" height="529"> 
  <figcaption class="wp-element-caption"> <strong>Source: Price Target of NVIDIA Stock by TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>The one-year price target set by analysts is showing at $513.72, up over 13% from the recent closing of NVDA <a href="https://www.thecoinrepublic.com/2023/08/01/mrvl-stock-price-indicated-over-7-million-volume-in-one-day/" rel="noopener noreferrer nofollow">stock</a>. The maximum estimate set by analysts is resting at $1000.00 whereas the minimum estimate is at $370.00. In the past three months, analysts have given a “strong-buy” rating to NVIDIA Corporation.</p> 
<h3 class="wp-block-heading" id="strong-the-fundamental-highlights-of-nvidia-corp-strong"><strong>The Fundamental Highlights of NVIDIA Corp.</strong></h3> 
<p>In May 2023, NVIDIA Corp. (NASDAQ: NVDA), an American multinational technology company, reported its Q1 2023 report that states its net income is $2.04 Billion. The company has a nearly $1.22 Trillion market cap. Its price-to-sales ratio is 42.99 while the company has an Enterprise Value to EBITDA ratio of 180.65. NVDA dividends are paid quarterly while its last dividend per share was $0.04 at press time, the Dividend Yield (TTM)% is 0.04%.</p> 
<p>As per its Q1 2023 report, NVDA earnings per share (EPS) is $1.09 whereas the estimation was $0.92 which accounts for an 18.02% surprise. Moreover, its revenue for the same period amounts to $7.19 Billion despite the estimated figure of $6.53 Billion. The estimated EPS for the next quarter is $2.07, and revenue is expected to reach $11.08 Billion.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

NVIDIA (NVDA) Stock Following AMD Stock in 1D Volume Activity

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