Nvidia

Angela Palumbo Investors have been busy buying up chip stocks with exposure to generative artificial intelligence, but one Mizuho analyst sees near-term risk to this big boom in semiconductor-stock prices. Mizuho analyst Jordan Klein wrote in a research note Thursday that he is “starting to actually get worried,” about the persistent gains of chip stocks, specifically citing Nvidia, Broadcom, and Marvel Technology. “Stocks do not only go up, and this current investor mentality which feels nearing a frenzy to get more and more Semi exposure with sell-side targets going higher and higher starts to remind me of 1999 into early 2000 across Tech,” Klein wrote. Nvidia stock has surged 290% in the last 12 months, and consistently continues to hit new highs. The gain may be warranted, though. The company reported fiscal 2024 revenue of $60.9 billion in February, a 126% increase from the prior year. Chief Financial Officer Colette […]

Nvidia’s vision as a platform company makes its focus different from companies focusing on silicon or a specific chip for a certain workload, CFO Colette Kress says. The chip company finance chief, speaking at a Morgan Stanley conference, says a platform company is able to deliver any form of data center computing that may be needed in the future. “Our focus [is] to make sure at every data center level all of the different components we may be able to provide them, whether it would be the computing infrastructure, the networking infrastructure, the overall memory part of it, just overall full supercomputer we can put together,” Kress says. Shares rise 3.6% to $852.51, extending a run that has vaulted Nvidia into one of the most valuable companies.

By Teresa Rivas This leap year, it seems only a matter of time before someone suggests renaming Feb. 29 as Nvidia Day. At this point, Nvidia is a name inescapable to investors. Yet however important the artificial intelligence poster child is, the stock’s gains also reflect the state of investor sentiment more broadly. If that shifts, it could affect Nvidia’s ability to power a continuing rally in stocks. That isn’t to belittle Nvidia’s achievements and financial gains. It is a huge winner as the source of the graphics processing units other companies use for their artificial intelligence software. “It’s Nvidia’s world, and we’re just living in it,” wrote PennMutual Asset Management investment analyst Jackie Rogowicz in a research note. With a market capitalization that rivals the size of Canada’s economy — one that doubled from $1 trillion to $2 trillion in eight months — Nvidia has shown that the biggest

Nvidia (NVDA), with 95% of the market for graphics processing units, and rival Advanced Micro Devices (AMD) are poised to benefit with the “gaming upcycle still strong,” BofA Securities said Wednesday in a report on the semiconductor industry. The firm reiterated its buy rating for both Nvidia and AMD with “significant growth” ahead for the data center accelerator market. Overall GPU market growth is likely to be sustained at 10% to 15% in 2024 and 2025, the report said. “Data center GPU demand should remain at the forefront, with NVDA’s GTC kicking off on March 18,” BofA said, referring to the global artificial intelligence conference for developers. “Generative Artificial Intelligence will be the key theme, and we expect Nvidia to provide additional details on its roadmaps across accelerators and networking.” BofA has price targets of $925 for Nvidia and $195 for AMD. BofA expects Broadcom (AVGO) to provide details on

By Daniel Newman The competition is real, and it’s coming for Nvidia’s growth and stock price More competition pressures Nvidia’s pricing, margins and market share. Nvidia Corp.’s (NVDA) earnings results felt like a national holiday of sorts. Countdowns and endless commentary surrounded the biggest moment in the stock market so far this year for what Goldman Sachs is now referring to as the most important stock in the world. On CNBC, Jim Cramer was quick to point out that Nvidia CEO Jensen Huang is a bigger visionary than Tesla’s Elon Musk. Nvidia’s results didn’t disappoint, unless you were short on the stock (R.I.P.). Wall Street analysts’ price-target increases quickly followed. Some of these new targets suggest Nvidia will race to a $2.5 trillion valuation in short order. And why not? The Nvidia bandwagon is packed and everyone is jumping on it. It’s fun to be right and more fun to

UBS analyst Arcuri lowered his target price on Nvidia to $800 from $850 in the wake of the earnings, citing a potential slowing of revenue growth, although he kept a Buy rating on the stock. Arcuri said his new target price was based on a price-to-earnings multiple of 25 times the UBS forecast for Nvidia’s earnings in calendar year 2025. “We were somewhat surprised that total supply… was actually down a touch Q/Q [quarter-on-quarter] and our analysis on the surface begs the conclusion that Nvidia may be approaching some sort of “steady state” in revenue over the coming quarters,” Arcuri wrote in a research note on Thursday. With no additional increases in supply, Arcuri estimated that Nvidia can support revenue of around $27 billion a quarter, compared with $22.1 billion for the quarter ended January.

Nvidia is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. The company on Wednesday reported fiscal fourth-quarter revenue of $22.1 billion, up from $6.05 billion a year before and above analyst expectations of $20.4 billion. Data-center revenue surged more than 400% from a year before to hit $18.4 billion. Net income was $12.3 billion, or $4.93 a share, compared with $1.4 billion, or 57 cents a share, a year ago. Nvidia also forecast around $24 billion of sales for the first fiscal quarter, above analysts’ consensus of $22.2 billion. Shares are up 13% in recent trading. Dow Jones & Co. owns Factiva.

Nvidia (NVDA) delivered another beat and raise with its fiscal Q4 results as artificial intelligence demand is surging across several customer sets, BofA Securities said in a note to clients on Thursday. BofA raised Nvidia’s price target to $925 from $800 and kept the buy rating. The chipmaker reported fiscal Q4 non-GAAP earnings late Wednesday of $5.16 per diluted share, up from $0.88 a year earlier. Analysts surveyed by Capital IQ expected $4.64. Revenue in the quarter jumped to a record $22.1 billion from $6.05 billion a year earlier. Analysts expected $20.6 billion. “Perhaps the most important new datapoint in NVDA’s earnings call was that AI inference contributed nearly 40% of AI computing mix in FY24/CY23,” BofA said. “AI inference is correlated with revenue bearing AI which is supposed to be more competitive, as opposed to AI training which NVDA already dominates.” The investment firm also highlighted Nvidia’s comments related

HSBC analyst Frank Lee maintains NVIDIA (NASDAQ:NVDA) with a Buy and raises the price target from $835 to $880.

The following is a summary of the NVIDIA Corporation (NVDA) Q4 2024 Earnings Call Transcript: Financial Performance: NVIDIA reported Q4 revenue of $22.1 billion, a 22% sequential and 265% YoY increase. Fiscal 2024 total revenue was $60.9 billion, up 126% YoY. Data center revenue for fiscal 2024 was $47.5 billion, tripling YoY. Q4 data center revenue was a record $18.4 billion, up 27% sequentially and 409% YoY. Q4 gaming revenue was $2.87 billion, flat sequentially but up 56% YoY. Q4 gross margins expanded to 76% for GAAP and 76.7% for non-GAAP. Business Progress: NVIDIA is moving from general-purpose to accelerated computing in data center infrastructure. The new Hopper GPU computing platform and Infiniband end-to-end networking drove Q4 data center growth. NVIDIA’s AI Tensor cores and GPUs deliver up to 836 AI tops, fuelling generative AI applications. NVIDIA’s GeForce RTX 40 Super Series GPUs launched at CES are showing strong potential.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lift our 12-month target to $840 from $700, on P/E of 30x our CY 25 EPS view, above peers/ below historical. We up our FY 25 (Jan.) EPS estimate to $23.40 from $20.58 and FY 26 to $28.00 from $23.76. NVDA posts Jan-Q EPS of $5.16 vs. $0.88, beating the $4.64 consensus. Sales rose 265%, above our view, led by data centers (+409%; 83% of sales) as compute revenue grew over 5x and networking tripled (+$13B annual run rate). While supply is improving, we do expect constraints as next gen products ramp (H200 in Apr-Q and Blackwell by year-end) given elevated demand. China sales fell significantly but we think it helps de-risk NVDA’s revenue (mid-single % of data centers vs. 20%-25% historically). We see a slew

Nvidia (NVDA) reported fiscal Q4 non-GAAP earnings late Wednesday of $5.16 per diluted share, up from $0.88 a year earlier. Analysts surveyed by Capital IQ expected $4.64. Revenue in the quarter ended Jan. 28 surged to a record $22.1 billion from $6.05 billion a year earlier. Analysts surveyed by Capital IQ expected $20.6 billion. The company said it expects fiscal Q1 revenue of $24 billion, plus or minus 2%. Analysts surveyed by Capital IQ expect $22.03 billion. Shares of the company surged 14% in recent Thursday premarket activity.