NVDA

NVIDIA Corp

TMT, Hardware


Presented:10/08/2024
Price:$132.89
Cap:$3,259.79B
Current Price:$131.60
Cap:$3,228.15B

Presented

Date10/08/2024
Price$132.89
Market Cap$3,259.79B
Ent Value$2,784.53B
P/E Ratio62.39x
Book Value$2.37
Div Yield0.02%
Shares O/S24,530.00M
Ave Daily Vol327,566,238
Short Int1.07%

Current

Price$131.60
Market Cap$3,228.15B
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU) and Compute & Networking. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, Quadro and NVIDIA RTX GPUs for enterprise workstation graphics, virtual GPU, or vGPU, software for cloud-based visual and virtual computing, automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating metaverse and 3D internet applications. The Compute & Networking segment consists of Data Center accelerated computing platforms and end-to-end networking platforms including Quantum for InfiniBand and Spectrum for Ethernet, NVIDIA DRIVE automated-driving platform and automotive development agreements, Jetson robotics and other embedded platforms, NVIDIA AI Enterprise and other software, and DGX Cloud software and services. The company was founded by Jen Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem in April 1993 and is headquartered in Santa Clara, CA.

Publicly traded companies mentioned herein: Infineon Technologies AG (IFX GR), Monolithic Power Systems Inc (MPWR), NVIDIA Corp (NVDA), Renesas Electronics Corp (6723 JP)

Highlights

The presenter is long shares of NVIDIA Corp (NVDA), which seems poised for a breakout. The timing seems especially favorable given the current upward revisions to buyside numbers, the potential for a sizable sell-side beat ahead, the positive rate of change on AI durability, and the bullish outlook for hyperscaler performances in Q3.

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Idea Discussion

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