|Bid||259.25 x 800|
|Ask||259.36 x 800|
|Day's Range||256.34 - 259.93|
|52 Week Range||201.51 - 275.22|
|Beta (5Y Monthly)||1.09|
|PE Ratio (TTM)||104.03|
|Earnings Date||Nov. 29, 2021 - Dec. 03, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||297.74|
The cloud computing market is a core growth engine of the tech sector. Cloud infrastructure platforms power countless websites, apps, and streaming media services, and also provide companies with extra storage and computing power. Cloud-based software services can also analyze data, help companies make decisions, and enable people to work remotely.
These stocks are all about the big payoff.
A large portion of that market actually revolves around algorithms and software platforms that help companies make data-driven decisions, automate repetitive tasks, streamline their operations, and cut costs. Nvidia (NASDAQ: NVDA) is the world's top producer of discrete GPUs. Nvidia's discrete GPUs are usually associated with high-end PC gaming, but it also sells high-end GPUs for data centers that process AI and machine learning tasks more efficiently than stand-alone CPUs.