Nvidia has clearly set a high bar for itself and there might be near-term selling pressure even if it impresses Wall Street. The chip firm’s adjusted FY21 EPS figure is then expected to climb 36%, with FY22 projected to climb 22% higher. The company’s growth is expected to slow in the second half, with its full-year revenue projected to jump 33% in fiscal 2021 and another 18% in FY22.Īt the bottom end of the income statement, NVDA’s adjusted Q2 earnings are projected to soar 57% to $1.94 per share. Looking ahead, our current Zacks estimates call for its revenue to jump 42% to $3.65 billion in the second quarter, which would top last quarter’s 39% and Q4’s 41% sales expansion. The firm’s balance sheet is also solid and it is part of an industry that sits in the top 20% of our more than 250 Zacks industries. NVDA does pay a dividend as well, but its massive climb has shrunk its yield to 0.14%. That said, investors have been willing to pay a premium for Nvidia for years and the entire tech space has seen its valuation become bloated as investors dive into tech for coronavirus resilience and growth. This run has, however, stretched its valuation picture, with NVDA trading at 17.8X forward 12-month sales, which comes in well above its own one-year median of 11.8X. In addition to AMD, its competitors include Intel, Qualcomm and AI-accelerator companies such as Graphcore.Nvidia’s recent climb is part of a much larger run that’s seen it jump 177% in the past three years and skyrocket from $25 a share five years ago to its current price of around $463-as of Friday morning-which put it right around its new highs. More recently, it has moved into the mobile computing market, where it produces Tegra mobile processors for smartphones and tablets as well as vehicle navigation and entertainment systems. They are deployed in supercomputing sites around the world.
In addition to GPU manufacturing, Nvidia provides an API called CUDA that allows the creation of massively parallel programs which utilize GPUs. Its professional line of GPUs are used in workstations for applications in such fields as architecture, engineering and construction, media and entertainment, automotive, scientific research, and manufacturing design. Nvidia is a global leader in artificial intelligence hardware and software.
It is a software and fabless company which designs graphics processing units, application programming interface for data science and high-performance computing as well as system on a chip units for the mobile computing and automotive market. NVIDIA Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California.
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