Nvidia shares hit a 52-week high on the eve of quarterly results

CTOnews.com, Nov. 21 (Xinhua)-- Nvidia shares hit an all-time high of $505.48, a 52-week high on the eve of the company's quarterly results, given its strong sales performance in the server sector.

CTOnews.com attached the latest Nvidia share price. Nvidia opened at $493.12, with an intraday high of $505.48, closing at $504.20, up $11.22 per share, or 2.28%. The company's market capitalization is 1.25 trillion, price-to-earnings ratio is 121.80, and dividend yield is 0.032%.

Based on the results of the previous quarter, analysts expect Nvidia's total revenue to reach $16.2 billion, up 172 per cent from a year earlier. At the same time, the server sector accounts for 3/4 of all revenue companies. Experts expect Nvidia's data center revenue to nearly quadruple to $13.02 billion in the third quarter. This means that if the forecast comes true, it will account for more than 80 per cent of total sales.