Nvidia (NVDA) 2024 Valuation Model and Risk Framework

Nvidia (NVDA): Valuation and Outlook
 
Insight into last quarter's earnings and 2024/2025 outlook.
-Company delivered against a very high bar for Data Center revenue
-Serving new customers across new verticals and sovereign states
-H200 GPU will be deployed in 2nd quarter this year
-AI software business operating at $1 billion in run rate revenue already
 
Performance
-FY4Q revenue (January) of $22.1bn +22% qoq and 265% yoy
-Data center revenue was up 27% qoq to $18.4bn 
-Gaming revenue was up 56% yoy to $2.9bn
-Professional Visualization was up 11% qoq to $463mn
-Automotive was up 8% qoq to $281mn
 
Guidance
- FY1Q revenue guidance of $24bn (+9% qoq, +234% yoy) at mid-point was 8% above Street est.
-Mgmt expects growth to be driven by Data Center and Professional Visualization
-New products coming out including H200, Spectrum-X, and B100
 
Model and price target updated for NVDA earnings and includes forecasts for product and service revenues and margins.
 
This Nvidia (NVDA) valuation model includes a detailed operating model with valuation, historical financials, projections, and segment build. Assumptions can easily be adjusted by the user.
 
Once you have downloaded the model, e-mail us for the associated memo for 2024.
 
Free to Silver and Gold subscribers (see Plans & Pricing): https://www.specialsitsresearch.com/plans-pricing