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NVIDIA Corporation (NVDA) operates as a visual computing company in the United States, Taiwan, China, the rest of Asia Pacific, Europe, and other Americas.
The company operates through two segments, GPU and Tegra Processors.
The GPU segment offers processors, which include GeForce for PC gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla GPU accelerators for researchers, deep learning, and big-data analysts; and GRID for cloud-based streaming on gaming devices.
The Tegra Processor segment provides processors that integrate a computer onto a single chip under the Tegra brand name; DRIVE automotive computers, a computing platform for advanced driver assistance systems and digital cockpits; and tablet and portable devices for mobile gaming under the SHIELD name. Its products are used in gaming, enterprise, high performance computing and cloud, and automotive markets.
The company sells its products primarily to original equipment manufacturers, original design manufacturers, system builders, motherboard manufacturers, add-in board manufacturers, and retailers/distributors.
Shares are heading higher in an upward trading channel. They are presently in the middle and near the lower boundary of the said channel. We expect shares to move lower today which should offer a buying opportunity. Note the 50-day moving average shown in green. The firm reports its quarterly results on November 10th.
52-Weeks Trading Range: $24.75 to $72.95
Entry Point: $68.00
Stop Loss: $64.60
Target Price: $74.80
NVDA closed at $79.50
