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NVIDIA Corp NVDA

Morningstar Rating
$822.79 +31.67 (4.00%)
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Company Report

Nvidia Earnings: Raising our Fair Value to $730 From $480 With No Signs of AI Slowing Down

Wide-moat Nvidia reported another quarter of outstanding revenue and earnings while providing investors with a forecast for the April quarter that was well ahead of our expectations. Leading cloud computing companies plan to boost their capital expenditures to satisfy demand for artificial intelligence training and inference, and it appears that virtually all this spending will fall into Nvidia’s pockets. More importantly, we anticipate healthy growth for Nvidia’s data center revenue beyond 2024, as Nvidia’s Cuda software should contribute to strong customer stickiness for existing AI models and workloads.

Price vs Fair Value

NVDA is trading at a 13% premium.
Price
$822.79
Fair Value
$829.00
Uncertainty
Very High
1-Star Price
$8,238.10
5-Star Price
$346.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Nvidia’s GPUs offer industry-leading parallel processing, which was historically needed in PC gaming applications, but has expanded into crypto mining, AI, and perhaps future applications too.

Bears

Nvidia is a leading AI chip vendor today, but other powerful chipmakers and tech titans are focused on in-house chip development.

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News

Trading Information

Previous Close Price
$791.12
Day Range
$794.35823.00
52-Week Range
$222.97823.94
Bid/Ask
$826.50 / $826.56
Market Cap
$2.06 Tril
Volume/Avg
47.9 Mil / 47.1 Mil

Key Statistics

Price/Earnings (Normalized)
94.69
Price/Sales
33.68
Dividend Yield (Trailing)
0.02%
Dividend Yield (Forward)
0.02%
Total Yield
0.48%

Company Profile

Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs. GPU use cases have since emerged as important semiconductors used in artificial intelligence. Nvidia not only offers AI GPUs, but also a software platform, Cuda, used for AI model development and training. Nvidia is also expanding its data center networking solutions, helping to tie GPUs together to handle complex workloads.
Sector
Technology
Industry
Semiconductors
Stock Style Box
Large Growth
Total Number of Employees
29,600

Competitors

Valuation

Metric
NVDA
AMD
QCOM
Price/Earnings (Normalized)
94.6976.4718.32
Price/Book Value
47.175.867.91
Price/Sales
33.6814.525.06
Price/Cash Flow
64.5169.8217.99
Price/Earnings
NVDA
AMD
QCOM

Financial Strength

Metric
NVDA
AMD
QCOM
Quick Ratio
3.381.671.70
Current Ratio
4.172.512.56
Interest Coverage
129.223.7011.86
Quick Ratio
NVDA
AMD
QCOM

Profitability

Metric
NVDA
AMD
QCOM
Return on Assets (Normalized)
63.34%6.35%19.76%
Return on Equity (Normalized)
107.45%7.81%47.69%
Return on Invested Capital (Normalized)
76.56%7.28%27.85%
Return on Assets
NVDA
AMD
QCOM
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Name
Morningstar Rating for Stocks
Economic Moat
Market Cap
AVGO
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TSM
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AMD
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INTC
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QCOM
Qualcomm IncLhsxqkr$182.0 Bil
TXN
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ARM
ARM Holdings PLC ADRTsyj$145.6 Bil
MU
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ADI
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