For the quarter ended July 31, 2023, NVIDIA CORPORATION ($NASDAQ:NVDA) reported total revenue of USD 13507.0 million, a 101.5% increase from the same period in the previous year. Net income for this quarter was USD 6188.0 million, versus USD 656.0 million for the same quarter in the prior year.
On Wednesday, NVIDIA CORPORATION reported record revenues of USD 13507.0 million in Q2 FY2024, with the stock opening at $458.7 and closing at $471.2, a 3.2% increase from the previous day’s closing price of 456.7. The record quarterly revenue is a testament to the strong performance of the company’s key products, such as its gaming and data center products. NVIDIA CORPORATION has experienced double digit growth in its gaming segment, driven by strong demand for its new graphics processing units (GPUs). The company also reported double-digit growth in data center revenues, driven by investments in artificial intelligence and machine learning applications.
Additionally, NVIDIA CORPORATION’s automotive business also delivered strong growth during the quarter, as its DRIVE platform continues to be adopted by more companies for autonomous driving applications. The record quarterly revenue is also a result of the company’s strong product portfolio, as well as its ongoing investments in research and development. NVIDIA CORPORATION has been at the forefront of developing leading-edge technologies such as ray tracing for gaming and AI acceleration for deep learning applications. Overall, NVIDIA CORPORATION is well positioned to continue its strong performance in the future, given its innovative product portfolio and strong investments in research and development. As the company looks to expand its market share and capitalize on new opportunities, investors can expect the stock to remain a strong performer in the long run. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Nvidia Corporation. More…
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Analysis – Nvidia Corporation Intrinsic Value
After conducting an analysis of NVIDIA CORPORATION‘s fundamentals, we at GoodWhale have determined that the intrinsic value of the company’s stock is around $277.4. This estimate was calculated using our proprietary Valuation Line. Currently, NVIDIA CORPORATION stock is trading at $471.2, which is overvalued by 69.9%. Our analysis suggests that investors should exercise caution when investing in the stock at its current price. More…
Risk Rating Analysis
Star Chart Analysis
Nvidia Corporation is an American technology company headquartered in Santa Clara, California. It designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SOCs) for the mobile computing and automotive market. Nvidia’s primary GPU product line, labeled “GeForce”, is in direct competition with Advanced Micro Devices’ (AMD) “Radeon” products.
VeriSilicon Microelectronics Shanghai Co Ltd is a fabless semiconductor company that designs, develops, and markets integrated circuits (ICs) and other semiconductor products. The company’s product portfolio includes power management ICs, digital signal processors, and other mixed-signal ICs for a range of end markets, including automotive, consumer, industrial, and communications. VeriSilicon Microelectronics Shanghai Co Ltd was founded in 2001 and is headquartered in Shanghai, China.
– VeriSilicon Microelectronics Shanghai Co Ltd ($TPEX:4925)
JMicron Technology Corp is a leading provider of innovative semiconductor solutions. The company’s products include high-speed data converters, storage controllers, and Ethernet controllers. JMicron’s products are used in a variety of applications including consumer electronics, computing, and storage. The company has a market cap of 4.02B and a return on equity of 10.28%. JMicron is a publicly traded company on the Taiwan Stock Exchange.
Investors are encouraged by NVIDIA Corporation‘s strong second quarter earnings results ending in July 2023, which saw total revenue of USD 13507 million, a year-on-year increase of 101.5%. Net income for the period was USD 6188 million, compared to USD 656 million in the same period in the prior year. This impressive performance caused the stock price to increase on the same day, which signals the high confidence investors have in the company’s sustained growth. With its strong financials and positive outlook, NVIDIA Corporation is a prime investment opportunity.