tl;dr
Nvidia (NASDAQ:NVDA) shares entered correction territory on Tuesday, as competition in the chip-making sector continues to heat up, with companies battling to challenge the semiconductor giant's dominance. The chipmaker's stock ended 2% lower on Tuesday at $853.54 apiece, down 12% from its $974 reco...
Nvidia (NASDAQ:NVDA) shares entered correction territory on Tuesday, as competition in the chip-making sector continues to heat up, with companies battling to challenge the semiconductor giant's dominance. The chipmaker's stock ended 2% lower on Tuesday at $853.54 apiece, down 12% from its $974 record high seen in March. A stock is said to have entered correction territory if it drops 10%-20% from a recent high. Turning up the heat in the chip race, Google (GOOG) (GOOGL) unveiled its latest in-house processors to help cut its reliance on outside vendors like Nvidia (NVDA). Intel (INTC) announced its Gaudi 3 accelerator, which has better inference and power efficiency than Nvidia's H100 at a fraction of the cost. "As AI shifts to inferencing from training, we expect Nvidia (NVDA) will face increased competition, but should remain a leader given its entrenched position," S&P Global Ratings said, noting its "early and meaningful lead in AI training and strong position in inferencing." MAGNIFICENT 7 As for other Magnificent 7 stocks, Apple (NASDAQ:AAPL) entered correction territory last month, and its shares are now 15% lower than its previous all-time high. Tesla (NASDAQ:TSLA) has been in a bear market, with its shares down over 20% from its recent bull-market high. In contrast, the remaining Magnificent 7 stocks - Alphabet (GOOG) (GOOGL), Amazon (AMZN), Meta (META) and Microsoft (MSFT) - are all trading near their 52-week highs. Magnificent 7 gains over the past year - NVDA 210%, META 140.7%, AMZN 82%, MSFT 50%, GOOG 48%, GOOGL 46%, AAPL 5%, TSLA -4%.
More about NVIDIA Corporation
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NVIDIA Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California. It designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SoCs) for the mobile computing and automotive market.
Industry: MANUFACTURING, SEMICONDUCTORS & RELATED DEVICES
Market Cap: 217.83B
Current Price: $72.98
Change: 0.16
Dividend Yield: 11.94
P/E Ratio: 24.68
Beta: 0.488
Revenue: 60.92B
Net Income: 910.55M
EPS: 7.61
Shares Outstanding: 2.653B
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More about Alphabet Inc Class C
Alphabet Inc. Class C Summary Alphabet Inc. Class C Summary
Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Details
Sector: Technology
Services: Computer Programming, Data Processing, etc.
Market Cap: $1.934059373 trillion
Dividend Yield: 0.24%
Price/Earnings Ratio: 26.92
Revenue: $307.393987 billion
EPS: $149.5
Beta: 0.56
Volatility: 0.135
More about Alphabet Inc Class A
Alphabet Inc Class A Summary Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Sector: TECHNOLOGY
Industry: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Market Cap: 1,931,304,763,000
P/E Ratio: 26.74
Dividend Yield: None
EPS: 5.79
52-Week High: 24.34
52-Week Low: 0.24
Volume: 307,393,987,000
Market Cap: 163.28
Beta (5Y Monthly): 0.56
PE Ratio (TTM): 0.135
More about Intel Corporation
Company: Intel Corporation
Description: American multinational corporation and technology company, headquartered in Santa Clara, California, in Silicon Valley. It is the world's largest semiconductor chip manufacturer by revenue and is the developer of the x86 series of microprocessors, the processors found in most personal computers (PCs).
Industry: Manufacturing, Semiconductors & Related Devices
Revenue: $163,165,831,000
Stock Price: $95.83
Change: 0.74 (0.4%)
EPS: 12.94
PE Ratio: 0.0312
Market Cap: $542,280,010,000
Dividend: $45.25
Dividend Yield: -0.717%
Beta: 0.097
More about Apple Inc
Apple Inc. is the world's largest technology company by revenue, totaling $274.5 billion in 2020. Since January 2021, it has also become the world's
More about Tesla Inc
Company: Tesla Inc
Industry: Manufacturing - Motor Vehicles & Passenger Car Bodies
Revenue: $55,090,498,000
Current Stock Price: $40.23
Dividend Yield: None
Market Cap: $967,729,970,000
52-Week High: $174.97
52-Week Low: $30.49
Price to Earnings Ratio: 4.3
Earnings Per Share: $1.115
Price/Earnings to Growth Ratio: 0.035
More about Amazon.com Inc
Amazon.com Inc Summary Amazon.com Inc Summary
Amazon.com, Inc. is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. The company has been referred to as one of the most influential economic and cultural forces in the world, as well as the world's most valuable brand.
Sector: TRADE & SERVICES
Industry: RETAIL-CATALOG & MAIL-ORDER HOUSES
Market Cap: $1,923,642,556,000
PE Ratio: 64.08
Dividend: None
EPS: 2.89
52-Week High: $3,595.78
52-Week Low: $1,929.94
YTD Return: 0.0529
Volume: 574,784,995,000
Market Price: $1,92.94
Beta (5Y Monthly): 50.69
PE Ratio (TTM): 0.139
More about Meta Platforms Inc.
Meta Platforms Inc.,Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, PCs, virtual reality headsets, wearables and home devices around the world. The company is headquartered in Menlo Park, California.
Sector: TECHNOLOGY
Industry: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Market Cap: 132.38B
Current Price: $34.92
Dividend Yield: 0%
52-Week High: $52.41
52-Week Low: $29.29
Price/Earnings Ratio: 0.29
Shares Outstanding: 1.35B
Volume: 478.47M
EPS: 2.002
Beta: 0.247
More about Microsoft Corporation
Microsoft Corporation is an American multinational technology company that produces computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue; it was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.
Sector: Technology
Industry: Services-Prepackaged Software
Market Cap: 315.49 Billion
Current Price: $38.46
Change: 2.86
Change %: 11.04%
PE Ratio: 30.61
EPS: $0.363
Volume: 227,583,001
Revenue: 424.83 Billion
Dividend: 0.332
Dividend Yield: 0.176
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