Breaking News

Nvidia: Better to Enter Now Than Never

By Equisights (Parth Talsania)Stock MarketsSep 29, 2023 03:38PM ET

www.investing.com/analysis/nvidia-better-to-enter-now-than-never-200642279

By Equisights (Parth Talsania) | Sep 29, 2023 03:38PM ET

Saved. See Saved Items.

This article has already been saved in your Saved Items

NVDA

+2.33%

Add to/Remove from Watchlist

Q2 2023 Performance: Normalized EPS: $2.70, GAAP EPS: $2.48, Revenue: $13.51 billion
Global Reach: Strong revenue growth in the US (204% increase in Q2 2023), with consistent growth in Taiwan and China (including Hong Kong), showcasing NVIDIA's global reach and adaptability.
Growth Driver: Data Center segment is the primary revenue driver, with a 171% increase in Q2 2023 and a 93% increase in H1 2023.

NVIDIA Corporation (NASDAQ:NVDA) has exhibited exceptional financial performance and strategic advancements, positioning itself as a leader in the tech industry. The company's latest earnings report showed outstanding results, surpassing market expectations in terms of earnings per share (EPS) and revenue. With a solid foundation, NVIDIA is poised for continued growth and success.

Exceptional Q2 2023 Performance

In the second quarter of 2023, NVIDIA reported a normalized EPS of $2.70, exceeding the consensus estimate by an impressive $0.63, while the GAAP EPS stood at $2.48, $0.75 higher than expected. The company's revenue for the quarter reached $13.51 billion, surpassing expectations by a substantial $2.42 billion. This exceptional financial performance highlights NVIDIA's ability to exceed market expectations, making it an attractive investment opportunity.

Performance Numbers

Upcoming Quarter Outlook

Looking ahead to the upcoming quarter, the consensus estimate for normalized EPS is $3.35, with projected GAAP EPS at $2.97. Revenue is expected to reach an average estimate of $16.07 billion. NVIDIA's strong financial performance and the market's positive outlook demonstrate the company's potential for continued growth.

Strategic Advancements and Data Center Dominance

NVIDIA's strategic announcements and business highlights further support its growth trajectory. The company has made significant advancements across its various segments, including data center innovation, gaming advancements, professional visualization initiatives, and automotive milestones. NVIDIA's focus on innovation and emerging technologies positions it as a market leader in these sectors. The Data Center segment remains NVIDIA's primary revenue driver, with a 171% increase in Q2 2023 and a significant 93% increase in H1 2023. The company's leadership in AI, HPC, and graphics, coupled with increasing demand for AI adoption and data-center scale innovation, contribute to its success in this segment.

Revenue Segments

Gaming Sector Recovery and Challenges

In the gaming sector, NVIDIA's GeForce platform boasts a strong position in PC gaming, serving 200 million gamers globally. With a 22% growth in Q2 2023, the gaming segment is showing signs of recovery, and the introduction of the NVIDIA Avatar Cloud Engine (ACE) for Games aims to transform gaming experiences further. NVIDIA's Professional Visualization segment, which holds a 90% market share in workstation graphics, experienced a decline of 24% in Q2 2023. To counter this decline, NVIDIA introduced three new desktop workstation RTX GPUs and a major release of the NVIDIA Omniverse platform, enhancing AI, graphics, and real-time rendering capabilities.

Automotive Advancements

The Automotive segment witnessed a 15% increase in Q2 2023, highlighting NVIDIA's dominant position in autonomous driving. Partnerships with companies like MediaTek demonstrate NVIDIA's commitment to advancing automotive AI and graphics.

Global Reach and Market Adaptability

Geographically, NVIDIA's US revenue surged by 204% in Q2 2023, affirming strong domestic demand. Taiwan and China (including Hong Kong) also showed consistent growth, emphasizing NVIDIA's global reach and market adaptability.

Market Geography

Conclusion

Despite certain challenges and uncertainties, such as supply chain complexity, product transitions, and global trade dynamics, NVIDIA remains well-positioned for future success. The company's ability to innovate, strategic partnerships, and market expansion opportunities, coupled with its ability to exceed market expectations, make it a highly attractive investment option. As NVIDIA continues to drive innovation and capitalize on its market advantages, it is well- positioned for long-term growth and success in the tech industry. The company's strong financials, coupled with its focus on emerging technologies and market expansion opportunities, warrant us to continue to buy with a long-term target in the range of $620-630.

Disclosure: We don’t hold any position in the stock.

Original Post

Add a Comment

2 Charts for the S&P 500 Nobody Talks About By Dr. Arnout ter Schure - Dec 05, 2023 6

Those who read our articles regularly know we primarily focus on the Elliott Wave Principle to forecast where the stock market will likely go next. However, for our premium...

Wall Street Analysts Are Optimistic for 2024: Should You Be, Too? By Lance Roberts - Dec 05, 2023 4

It’s that time of the year when Wall Street polishes up its crystal balls and pin targets on the S&P 500 for the upcoming year. As is often the case, while Wall Street is always...

5 Stocks to Buy as Stock Market Gears Up for December Rally By Ismael De La Cruz - Dec 05, 2023 4

December is the third-best month of the year for the stock market historically There are a number of stocks that consistently beat the market by a wide margin during this month We...

Add a Comment

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.
Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read Investing.com's comments guidelines and agree to the terms described.

I Agree

Write your thoughts here

Are you sure you want to delete this chart?

Delete Cancel

Post

Post also to:

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button" data-reg_ep="follow comment">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save"  data-reg_ep="save comment">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d1-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

Are you sure you want to delete this chart?

Delete Cancel

Post

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

I feel that this comment is:

Spam

Offensive

Thank You!

Your report has been sent to our moderators for review

More Categories

1D1W1M6M1Y5YMax

US 30	36,199.7	+75.1	+0.21%
US 500	4,580.7	+13.5	+0.30%
Dow Jones	36,124.56	-79.88	-0.22%
S&P 500	4,567.18	-2.60	-0.06%
Nasdaq	14,229.91	+44.42	+0.31%
S&P 500 VIX	12.85	-0.23	-1.76%
Dollar Index	103.912	+0.012	+0.01%

Crude Oil WTI	72.51	+0.19	+0.26%
Brent Oil	77.44	+0.40	+0.52%
Natural Gas	2.692	-0.003	-0.11%
Gold	2,038.60	+2.30	+0.11%
Silver	24.560	+0.014	+0.06%
Copper	3.8042	+0.0187	+0.49%
US Soybeans	1,306.25	-2.50	-0.19%

U.S. 10Y	4.183	+0.016	+0.39%
U.S. 30Y	4.309	+0.003	+0.07%
U.S. 5Y	4.163	+0.025	+0.60%
U.S. 3M	5.431	+0.024	+0.44%
US 10Y T-Note	110.78	-0.14	-0.13%
Euro Bund	134.84	-0.05	-0.04%
10-2 Yield Spread	-41.37	-3.31	8.70%

Apple	193.42	+3.99	+2.11%
Alphabet A	130.99	+1.72	+1.33%
Tesla	238.72	+3.14	+1.33%
Amazon.com	146.88	+2.04	+1.41%
Netflix	455.15	+1.25	+0.28%
Meta Platforms	318.29	-1.73	-0.54%
Bank of America	30.58	-0.24	-0.78%

	Interest Rates	Next Meeting
FED	5.50%	Dec 13, 2023
ECB	4.50%	Dec 14, 2023
BOE	5.25%	Dec 14, 2023
SNB	1.75%	Dec 14, 2023
RBA	4.35%	Dec 05, 2023
BOC	5.00%	Dec 06, 2023
RBNZ	5.50%	Feb 28, 2024
BOJ	-0.10%	Dec 19, 2023
CBR	15.00%	Dec 15, 2023
RBI	6.50%	Dec 08, 2023
PBOC	3.45%
BCB	12.25%	Dec 13, 2023

Nvidia: Better to Enter Now Than Never

Exceptional Q2 2023 Performance

Upcoming Quarter Outlook

Strategic Advancements and Data Center Dominance

Gaming Sector Recovery and Challenges

Automotive Advancements

Global Reach and Market Adaptability

Conclusion

Related Articles