NVIDIA Corp

NVDA: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$112.00	Wbb	Hqdxjsngrh

Nvidia Earnings: ChatGPT-Led Data Center Growth Acceleration Drives a 50% Fair Value Increase

Abhinav Davuluri

May 24, 2023

Wide-moat Nvidia reported first-quarter sales ahead of management’s guidance, while providing guidance for the second quarter significantly above our prior estimates. Management expects second-quarter revenue to be at a midpoint of $11 billion, which would be up 64% year over year and 53% sequentially.

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