The Winning Streak Continues for NVIDIA Corporation

Shares of NVIDIA Corporation NVDA traded at a new 12-month high today of $254.94. Approximately 6.1 million shares have changed hands today, as compared to an average 30-day volume of 24.3 million shares.

NVIDIA is the leading designer of graphics processing units that enhance the experience on computing platforms. The firm’s chips are used in a variety of end markets, including high-end PCs for gaming, data centers, and automotive infotainment systems. In recent years, the firm has broadened its focus from traditional PC graphics applications such as gaming to more complex and favorable opportunities, including artificial intelligence and autonomous driving, which leverage the high-performance capabilities of the firm’s graphics processing units.

In the past year, NVIDIA Corporation share prices are bracketed by a low of $115.67 and a high of $254.94 and are now at $253.35, 119% above that low price.

NVIDIA Corporation is currently priced 39.3% above its average consensus analyst price target of $153.80.

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