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Live Updates: Can NVIDIA (NVDA) Stock Surge Past $150 Today After Earnings?

By Eric Bleeker · Updated Nov 21, 3:09pm ET · Published Nov 21, 9:30am ET

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NVIDIA Up 1.5% Headed Into the Close

3:09pm ETEric Bleeker

At 3:10 p.m. ET, NVIDIA is up 1.5% on the day. Overall market sentiment is helping. The Nasdaq has turned positive on the day, the S&P 500 is up .76%, and the Russell 2000 is up 1.87%.

Elsewhere in technology, Alphabet continues to trade down after reports the Department of Justice would aim for sweeping changes to the company that include selling off the Chrome browser.

Amazon may be slipping on regulatory issues as well. The company is reportedly facing an EU investigation over favoritism to its own-brand products according to Reuters. Penalties could include a penalty of 10% the company’s global revenue.

Magnificent 7 Stocks Struggling

10:38am ETEric Bleeker

As of 10:40 a.m. ET, NVIDIA is down about 2.3%. That’s a reversal of the gains NVIDIA saw shortly after market open, but its also in line with other Magnificent 7 stocks today.

Meta Platforms: Down 1.72%
Alphabet: Down 5.28%
Amazon: Down 1.59%
Apple: Down 1.20%
Microsoft: Down .81%

The relative area of strength in technology today is software, which is rallying following Snowflake’s outstanding earnings last night. Another segment of the tech market that’s performing well today is computer hardware and networking.

How Are Other AI Stocks Performing Today?

9:55am ETEric Bleeker

With NVIDIA being a bellwether in the AI space, let’s take a look at how other AI stocks are performing the day after their earnings.

Optical stocks are booming today. Applied Optoelectronics (Nasdaq: AAOI) continues its fierce rally and is up 10.5%. Lumentum (Nasdaq: LITE), up 8.3%, and Coherent (Nasdaq: COHR), up 4.8% are also performing strongly.

Liquid cooling supplier Vertiv (NYSE: VRT) is up 2.7%. Other data center suppliers like Credo (Nasdaq: CRDO) are also seeing strong gains. Credo is up 8%.

The standout today is likely Snowflake (NYSE: SNOW). Its stock is up 30% following blowout earnings last night.

NVIDIA See-Saws Between Gains and Losses in Choppy Early Trading

9:42am ETEric Bleeker

The Nasdaq opened up higher but is now down about .40% at 9:43 a.m. ET. NVIDIA is also seeing gains see-saw. After hitting $152 per share in early trading, shares briefly fell back into the red. As of 9:43 a.m., shares are moderately positive.

It appears there won’t be an outsized move in either direction today, but we’re still early in today’s trading.

Notable Wall Street Calls Today

9:33am ETEric Bleeker

Looking through Wall Street calls about NVIDIA, here are some of the more notable quotes.

Barclay’s: Raises their price target to $160 from $145, maintains overweight rating. Analyst Tom O’Malley highlights gross margin commentary that puts the coming quarters in a better spot while saying NVIDIA is “ace-ing” the transition to Blackwell.

Benchmark: Raises their price target to $190 from $170 while maintaining a buy rating on NVIDIA. The researcher highlighted the Data Center group’s 112% annualized growth as a standout figure in yesterday’s earnings release.

Citi: Opens a “90-day positive catalyst watch” on NVIDIA shares. Notes there are three key areas to watch: 1.) Blackwell ramp going “full steam” 2.) Gross margins see a trough in the April quarter and 3.) Artificial intelligence scaling. Citi expects Blackwell expectations to rise headed into CES and raises their price target on NVIDIA to $175 from $170.

NVIDIA Price Movements After the Opening Bell

9:30am ETEric Bleeker

Markets just opened at 9:30 a.m. ET, and NVIDIA is immediately shooting higher.

The stock surged to $152.41, or up about 4.5%. It appears NVIDIA may see gains today after falling in yesterday’s after-hours trading.

New Price Targets for NVIDIA

9:27am ETEric Bleeker

Here’s a collection of price target revisions today following NVIDIA’s earnings.

Wells Fargo: Raises price target to $185 from $165
Goldman Sachs: Price target increases to $165 from a prior $150
Bernstein: Price target rises to $175 from $155

Live coverage has ended. The full story is below.

Full Coverage

The story so far

NVIDIA (Nasdaq: NVDA) reported earnings last night. We posted a live blog of our thoughts after earnings, but here are the highlights:

The company beat both sales and earnings expectations last quarter by a healthy margins.
- Adjusted EPS came in at $.81, a good amount ahead of Wall Street’s expectations of $.74.
- Revenue came in at $35.1 billion, which also topped Wall Street’s consensus of $33.1 billion
NVIDIA’s guidance for next quarter is $37.5 billion in sales
And gross margins are expected to be 73% to 73.5%, matching Wall Street expectations of 73.5% at the high end of the range.

NVIDIA was initially down after releasing earnings. It dropped 5% immediately after the numbers released, was down about 1% headed into the company’s 5 p.m. ET conference call, and briefly dropped below $140 in premarket trading this morning.

However, shortly before the opening bell, NVIDIA’s stock is now trading for $149.20.

This is a live post that will be continually updated with reactions to NVIDIA’s earnings throughout the day. Please refresh for the most up-to-date news.

Contact [email protected] for any questions or corrections.

Eric Bleeker

Eric Bleeker, CFA has been investing for more than 20 years. He began his career working at Microsoft before joining Motley Fool, one of the largest publishers of financial research. In his 15 years at Motley Fool Eric served as the General Manager for Fool.com and led coverage in the Technology & Telecom sector. In addition, he was a featured columnist and has hosted dozens of investing seminars attended by more than a million total investors. Eric has more than 1,000 financial bylines to his name and has been featured in The Wall Street Journal, CNBC, Fox Business, and many other leading publications. He is currently focused on artificial intelligence investing and is a CFA Charterholoder.

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