NVDA
NasdaqGSNVDA price chart
Key stock metrics for NVDA
What NVIDIA (NVDA) actually does
NVIDIA designs the graphics and accelerator chips that most modern artificial-intelligence systems are trained and run on. It does not own factories — designs are manufactured by outside foundries — and its real moat is arguably CUDA, the software layer developers have built on for nearly two decades. Data-centre customers, mainly large cloud providers and AI labs, now account for the overwhelming majority of revenue, so NVIDIA has effectively become a bet on continued AI infrastructure spending.
Where the money comes from
- Data centre: AI accelerators, networking and systems sold to cloud providers and enterprises. By far the largest and fastest-moving segment.
- Gaming: GeForce graphics cards for PCs — the original business, now a minority of revenue.
- Professional visualisation and automotive: Workstation graphics, simulation software and in-car computing platforms.
What moves NVDA stock
- 1AI capital spending by big cloud buyers
A handful of hyperscalers make up a large share of orders. When they raise or trim capital-expenditure guidance, NVIDIA moves with it.
- 2Guidance, not just results
NVIDIA has repeatedly beaten earnings estimates and still fallen, because the bar set by next-quarter guidance was higher than the beat.
- 3Supply and manufacturing capacity
Foundry and advanced packaging capacity limit how many units can ship, so supply news can matter as much as demand.
- 4Export controls
Restrictions on selling advanced chips to China have repeatedly changed the addressable market at short notice.
- 5Competition and custom silicon
Rival accelerators and in-house chips designed by NVIDIA's own biggest customers are the main long-term threat to pricing power.
Risks worth knowing
- Customer concentration: a small number of buyers drive a large share of revenue.
- Semiconductors are historically cyclical — periods of shortage are usually followed by digestion phases.
- A high valuation prices in years of continued growth; any slowdown re-rates the stock quickly.
- Geopolitical exposure across manufacturing in Taiwan and sales restrictions in China.
How to read NVDA's numbers
NVIDIA's trailing P/E often looks very different from its forward P/E because earnings have been growing so fast. When you compare the two on this page, the gap tells you how much growth the market already expects over the next year.
AI analysis: plain-English breakdown
Tap "Explain this stock" for a beginner-friendly breakdown of what the company does, what the numbers mean, and key risks — never buy/sell advice.
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