NVIDIA Corp (NASDAQ: NVDA) shares are demonstrating resilience in Tuesday’s trading, inching up to $135.78 USD as of 12:43 pm GMT-4 on May 28th. The semiconductor giant, a key player in the AI and gaming industries, is currently trading $0.27 higher, a modest gain of 0.20% for the day, after experiencing some early session fluctuations.
The stock opened the day at $136.02, slightly above its previous close of $135.50. It reached an intraday high of $136.30 but also saw a dip to an intraday low of $134.80. The current price indicates a recovery from the morning’s low point.
The intraday chart for NVIDIA reveals a dynamic session so far. After an initial peak, the stock saw a notable dip below the previous close line, finding support around the $135.00 mark. It then embarked on a steady climb through the late morning, pushing back into positive territory and currently trading near its session highs. This pattern suggests investor interest in buying on dips for the high-flying tech stock.
Key financial metrics for NVIDIA highlight its significant market presence. The company boasts an immense market capitalization of approximately $3.31 Trillion (represented as 3.31LCr in the provided data, where LCr typically signifies Lakh Crore, equivalent to a Trillion). Its Price-to-Earnings (P/E) ratio stands at a robust 46.21, reflecting strong investor expectations for future growth. NVIDIA also offers a dividend yield of 0.029%.
Over the past 52 weeks, NVIDIA’s stock has seen a high of $153.13 and a low of $86.63. Today’s trading keeps the stock well within its impressive annual range, and market participants will be closely watching if it can sustain its upward momentum through the remainder of the session.
