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NVIDIA (NASDAQ:NVDA) Stock Overview- All You Need to Know About NVIDIA Corporation

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NVIDIA (NASDAQ:NVDA) Stock Overview- All You Need to Know About NVIDIA Corporation

NVIDIA (NASDAQ:NVDA) Stock Overview- All You Need to Know About NVIDIA Corporation

Vantage Updated Updated Fri, 2024 January 26 12:38

About NVIDIA Corporation

History of the company [1]

NVIDIA was founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem on the belief that the personal computer would become a leading consumer device for enjoying games and multimedia.

Over the next two years, the company made successful forays, notably launching their first graphics card, having popular video game Virtua Fighter ported to run exclusively on NVIDIA products, and launching DirectX drivers for Microsoft. 

1997 brought NVIDIA’s first major milestone. The company launched the world’s first 128-bit 3D processor, and shipped 1 million units within four months. Shortly after, in 1999, NVIDIA invents the Graphics Processing Unit (GPU), setting it on the path to reshape the industry. In the same year, the company went public, listing on the NASDAQ for USD$12 per share.

In 2002, after shipping its 100 millionth processor, NVIDIA was named the fastest growing company in America by Fortune. That feat would be repeated in 2007 when the company achieved its first quarter with revenue exceeding USD$1 billion, earning the title “Company of the Year” by Forbes magazine. 

In 2011, the company shipped its 1 billionth graphics processor. By now NVIDIA had become an unstoppable juggernaut, with its innovative products winning accolades not just in gaming, but also in visual effects and entertainment, mobile and consumer computing, super-computing, and AI. 

NVIDIA cemented its dominant market position in 2020, when it became the most valuable semiconductor company in the U.S. by market cap. 

Business segments [2]

NVIDIA’s main business is in graphics processing, led by its GeForce line of GPUs for gaming consoles and PCs. The company also caters to enterprise design via its Quadro/NVIDIA RTX GPUs, and offers GRID software for cloud-based visual and virtual computing, along with automotive platforms for infotainment systems.

Besides graphics, NVIDIA’s other major business segment is in compute and networking. This is made up of the company’s Data Center platforms as well as systems for AI, high-performance computing, and accelerated computing. 

Also under this segment, NVIDIA provides networking and interconnected solutions, automotive AI Cockpit, autonomous driving development agreements and vehicle solutions, cryptocurrency mining processors, and Jetson for robotics and other embedded platforms.

NVIDIA is headquartered in Santa Clara, California, United States. It has an estimated staff size of approximately 26,000 [3].

About the stock NVDA

NVDA trading information

  • Primary exchange: NASDAQ
  • Ticker: NVDA
  • Country: US
  • Currency: USD
  • Trading hours:
    • Main: 9.30am to 4pm ET, Mon to Fri
    • Pre-market: 4am to 9.30am
    • After-market: 4pm to 8pm 

When was NVDA listed? 

NVDA was listed on the NASDAQ on 22 January 1999 at a price of USD$12 per stock [4]. Adjusted for stock splits, the price of the stock was USD$0.25 at launch.

At the time of writing, the share price of NVDA is USD$277.72, representing a return of 1,110x. The stock’s highest price was seen on 19 November 2021, when it closed the day at USD$329.85 [5].

Stock splits

NVIDIA has announced a series of five stock splits since going public [6]. The total number of NVDA shares outstanding is estimated to be 2.483 billion [7]

July 20214 for 1
September 20073 for 2
April 20062 for 1
September 20012 for 1
June 20002 for 1

Dividends

NVDA is a dividend-paying stock, and dividends are paid out every quarter. In 2022, the company paid out USD$0.16 per share over four quarters [8].

 NVDA stock

Latest developments investors should note 

NVIDIA reports USD$27 billion revenue for FY2022 [9]

NVIDIA reported fiscal year revenue of USD 27.0 billion for the year ended 29 January 2023, flat against last year. This was despite a 21% decrease year-on-year for Q4 2022 to USD 6.05 billion. 

However, Q4 signalled a turnaround from the previous quarter in earns-per-share. GAAP earnings per diluted share for the quarter were USD$0.57 – down 52% year-on-year, but up 111% from the previous quarter. 

Non-GAAP earnings per diluted share were USD$0.88 – down 33% year-on-year, but up 52% from the previous quarter.

For FY 2022, share repurchases, and cash dividends equated to USD$10.44 billion returned to shareholders – of which USD$1.15 billion was returned in Q4.

NVIDIA will pay its next quarterly cash dividend of USD$0.04 per share on 29 March 2023, to all shareholders of record on 8 March 2023.

NVIDIA to take centre stage in AI boom

A seemingly prescient bet on Artificial Intelligence (AI) made some 10 years ago is paying off for NVIDIA. 

The company, whose GPUs are at the core of AI applications like ChatGPT, is well positioned to take advantage of the current boom, a sentiment that seems widespread among NVIDIA’s investors. In March 2023, the stock saw an 84% jump, putting it on track for a record-breaking quarterly run since 2003 [10].

This was no coincidence. In an interview in February, NVIDIA CEO Jensen Huang told CNBC, “We had the good wisdom to go put the whole company behind it. We saw early on, about a decade or so ago, that this way of doing software could change everything. And we changed the company from the bottom all the way to the top and sideways. Every chip that we made was focused on artificial intelligence.” [11]

Moving forward, NVIDIA will capitalise on its center stage position to power the next generation of growth [12]. In a March blog post, Huang announced partnerships with Google, Microsoft, Oracle and a range of leading businesses that bring new AI, simulation and collaboration capabilities to every industry. [13]

Trade NVDA with Vantage 

Vantage offers convenient and secure trading of NVDA and other leading stocks. With share Contracts for Difference (CFDs), traders can access opportunities offered by natural market volatility, with potential trading opportunities from stock price movements in all directions. 
Trade NVDA with zero commission using Vantage share CFDs. Sign up and start trading today!

References

  1. “Corporate History – NVIDIA” https://www.nvidia.com/en-sg/about-nvidia/corporate-timeline/ Accessed 5 April 2023
  2. “How Nvidia Makes Money – Investopedia” https://www.investopedia.com/how-nvidia-makes-money-4799532 Accessed 5 April 2023
  3. “NVIDIA Corporation – Google Finance” https://www.google.com/finance/quote/NVDA:NASDAQ Accessed 5 April 2023
  4. “Investor FAQs – NVIDIA” https://investor.nvidia.com/investor-resources/faqs/default.aspx Accessed 5 April 2023
  5. “NVIDIA Corporation – Google Finance” https://www.google.com/finance/quote/NVDA:NASDAQ Accessed 5 April 2023
  6. “NVIDIA Corporation (NVDA) – Yahoo! Finance” https://finance.yahoo.com/quote/NVDA/history?period1=917740800&period2=1642118400&interval=capitalGain%7Cdiv%7Csplit&filter=split&frequency=1d&includeAdjustedClose=true Accessed 5 April 2023
  7. “Number of shares outstanding for NVIDIA (NVDA) – Companies Market Cap” https://companiesmarketcap.com/nvidia/shares-outstanding/ Accessed 5 April 2023
  8. “NVDA Dividend History – Nasdaq” https://www.nasdaq.com/market-activity/stocks/nvda/dividend-history Accessed 5 April 2023
  9. “NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2023 – NVIDIA, Newsroom” https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-fourth-quarter-and-fiscal-2023 Accessed 5 April 2023
  10. “Nvidia adds an eye-popping $300 billion in market value as the AI boom powers its best quarter in 2 decades – Markets Insider” https://markets.businessinsider.com/news/stocks/nvidia-stock-market-cap-rise-artificial-intelligence-ai-tech-shares-2023-3 Accessed 5 April 2023
  11. “Nvidia CEO Jensen Huang’s big bet on A.I. is paying off as his core technology powers ChatGPT – CNBC” https://www.cnbc.com/2023/03/07/nvidia-grew-from-gaming-to-ai-giant-and-now-powering-chatgpt.html Accessed 5 April 2023
  12. “Nvidia has solid business fundamentals to ride surging interest in AI, analysts say following better-than-expected 4Q – Proactive” https://www.proactiveinvestors.com/companies/news/1007178/nvidia-has-solid-business-fundamentals-to-ride-surging-interest-in-ai-analysts-say-following-better-than-expected-4q-1007178.html Accessed 05 April 2023
  13. “NVIDIA to Bring AI to Every Industry, CEO Says – NVIDIA” https://blogs.nvidia.com/blog/2023/03/21/gtc-keynote-spring-2023/ Accessed 5 April 2023
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