The hottest report of 2023!
NVIDIA will release its quarterly results after the close today.
Shares of the leading microchip maker are up 220% year-over-year to $500, and its capitalisation has reached $1.2 trillion. Analysts are predicting a quarterly profit of $16 billion, up 19% from the previous quarter and 170% higher than a year ago!
Despite this rapid growth, this is not the limit for NVIDIA (NVDA). Our target is $650–$700, and here's why.
NVIDIA's advanced chips facilitate parallel computing, making PCs much faster at processing data and performing tasks.
The company is ahead of the competition in research and development, including AI.
NVIDIA has a large and rapidly growing network of partnerships in a variety of fields – a critical factor for long-term investors. Scientific research, the cloud provider industry, telecoms, healthcare, automotive – the company has partners everywhere who need its AI software.
NVIDIA's largest strategic revenue streams:
▫️ data centres
▫️ gaming
▫️ professional visualisation
▫️ automotive
All directions are relevant today and promising for the future.
This post is not an investment recommendation. Make decisions based on your own analysis.
