32,647,432
When looking at the NVIDIA chart, investors often look at satellite events that could influence its stock price. For example, since the company’s main activity is in the gaming realm, it is often susceptible to changes and announcements in that industry, such as major games or game console releases, or events which affect raw materials used to manufacture its products. The company’s main competitor is Advanced Micro Devices (AMD), which is also a GPU maker.
Follow NVIDIA (NASDAQ: NVDA) publications and financial reports in their Investor Relations Page.
Fundamental analysts who look into the NVIDIA stock quote, will often look for events that could boost or hinder the company’s growth. Every year, several major gaming companies release games for PCs and consoles, which constantly challenge the performance of these platforms. While consoles (such as XBOX and PlayStation) usually do not offer upgrade capabilities, PC gamers constantly purchase new hardware to upgrade their existing computers. Every year new standards in gaming graphics are reached, and when it comes to optimal performance of games, gaming-PCs are considered to be at the forefront, due their adaptability and the relative ease of upgrading their components.