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NVIDIA shares lag Nasdaq despite long-term AI demand outlook
NVIDIA hit a 52-week high of $236.54 on May 14 and, after a Aug. 27 jump of 6.8% tied to a long-term revenue forecast, is down 3.6% from that peak.
NVIDIA stock is outperforming some peers but still lagging the Nasdaq Composite in recent periods, according to an analysis from Yahoo Finance. The article says NVIDIA, with a market cap of $5.1 trillion, has remained a key player in AI and accelerated computing.
The analysis notes NVIDIA shares reached a 52-week high of $236.54 on May 14 and are down 3.6% from that level. It adds that over the past three months the stock gained 7.2%, while the Nasdaq Composite was marginally lower over the same stretch, and over 52 weeks NVIDIA is up 25.5% versus the Nasdaq Composite’s 22.9%.
Yahoo Finance also highlights that NVIDIA has been trading above its 200-day moving average since early April and above its 50-day moving average since early August. It points to an Aug. 27 move where NVIDIA sparked a broad chip-stock rally after issuing an unusual long-term revenue forecast, sending the shares up 6.8%.
The article attributes the rally to confidence that demand for AI infrastructure remains strong, citing NVIDIA’s roughly 70% revenue growth projection for the next fiscal year amid ongoing debate over big tech data center spending and rising competition. It also compares performance with AMD, while noting analysts have a consensus rating of Strong Buy on NVIDIA.
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