Nvidia Corporation (NVDA) – AI-powered innovation, unleashed

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Nvidia Corporation (NVDA) (Q1FY24)

Highlights

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company’s Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

Its Compute & Networking segment provides Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; cryptocurrency mining processors; Jetson for robotics and other embedded platforms; and NVIDIA AI Enterprise and other software.

The company’s products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, independent software vendors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants.

Nvidia’s strong performance in the data centre highlights the increasing importance of AI chips for cloud providers and companies with extensive server operations. The adoption of large language models is driving the growth of generative AI applications, which can boost productivity across various industries.

Stock Performance

Revenue for the first quarter was $7.19bn, down 13% from a year ago and up 19% sequentially. Non-GAAP operating expenses were up 9% from a year ago and down 1% sequentially.

Inventory was $4.61bn with a DSI of 165. Gross inventory purchase and long-term supply and capacity obligations were $7.27bn and prepaid supply agreements were $3.40bn. Free cash flow was $2.64bn compared with $1.35bn a year ago and $1.74bn a quarter ago.

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Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Dupont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Developments
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 37

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