NVIDIA Corporation (NVDA) Dips 3.85% for October 08

Equities Staff  |

Among the S&P 500’s biggest fallers on Tuesday October 08 was NVIDIA Corporation (NVDA). The stock experienced a 3.85% decline to $177.23 with 11.1 million shares changing hands.

NVIDIA Corporation started at an opening price of 180.64 and hit a high of $180.64 and a low of $176.50. Ultimately, the stock took a hit and finished the day at $7.1 per share. NVIDIA Corporation trades an average of n/a shares a day out of a total 609 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 $271.16 and a low of $124.46 over the last year.

Nvidia is a leading designer of graphics chips 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 13,277 people. After today’s trading, the company’s market cap has fallen to $107.93 billion, a P/S of n/a, a P/B of 10.44, and a P/FCF of n/a.

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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The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns.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.

To get more information on NVIDIA Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: NVDA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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