NVIDIA Corporation (NVDA) was a big mover last session, as the company saw its shares rise over 12% on the day. The upside was driven by solid second-quarter earnings results reported by the company on Aug 7 which led to more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $19.31 to $20.58 in the past one-month time frame.
The company has seen 3 negative estimate revisions over the past 30 days, while the Zacks Consensus Estimate remained unchanged. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
NVIDIA currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the technology sector is Applied Optoelectronics, Inc. (AAOI) sporting a Zacks Rank #1 (Strong Buy).
Is NVDA going up? Or down? Predict to see what others think: Up or Down
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