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Nvidia (NVDA) 2024 Valuation Model and Risk Framework

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



-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



- 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):

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