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NVIDIA Corp NVDA Stock Quote

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Morningstar‘s Stock Analysis NVDA

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Nvidia's Warning Doesn't Alter Our Long-Term Positive Outlook; Shares Undervalued

Abhinav Davuluri, CFA Sector Strategist

Analyst Note

| Abhinav Davuluri, CFA |

On Aug. 8, Nvidia announced preliminary second-quarter results that included revenue of about $6.7 billion, well short of management’s original guidance of $8.1 billion. The primary driver of the shortfall was weakness in the gaming segment (down 44% sequentially and 33% year over year to $2 billion). We had been anticipating a slowdown in the gaming segment following the crash in cryptocurrency prices and associated mining demand as well as weaker macroeconomic conditions, and we previously had gaming sales sequentially declining for the remainder of 2022.

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Key Statistics NVDA

Company Profile NVDA

Business Description

Nvidia is the top designer of discrete graphics processing units that enhance the experience on computing platforms. The firm's chips are used in a variety of end markets, including high-end PCs for gaming, data centers, and automotive infotainment systems. In recent years, the firm has broadened its focus from traditional PC graphics applications such as gaming to more complex and favorable opportunities, including artificial intelligence and autonomous driving, which leverage the high-performance capabilities of the firm's products.

Contact
2788 San Tomas Expressway
Santa Clara, CA, 95051
T +1 408 486-2000
Industry Semiconductors
Most Recent Earnings Apr 30, 2022
Fiscal Year End Jan 29, 2023
Stock Type Cyclical
Employees 22,473