Nvidia’s fiscal 2025 first-quarter result is slated for release on May 22.
With shares already soaring 81% in 2024, propelled by stellar quarterly performances, Nvidia is a giant in the manufacture of AI chips.
Goldman Sachs’ bullish stance, upping Nvidia’s price target to $1,100, amplifies the fervor surrounding the impending earnings report.
Analyst Toshiya Hari foresees a surge in Nvidia’s earnings estimates, fueled by a confluence of factors.
From the burgeoning AI infrastructure investments by tech titans like Amazon and Meta Platforms to the relentless pace of innovation in chip technology, Nvidia’s trajectory seems poised for further ascent.
The narrative deepens with insights from Nvidia’s foundry partner, Taiwan Semiconductor Manufacturing (TSMC).
TSMC’s resounding success in meeting Nvidia’s insatiable demand for AI chips hints at another triumphant chapter for the graphics juggernaut.
The storyline gains momentum with Super Micro Computer’s meteoric rise, highlighted by a threefold revenue surge driven by robust demand for AI servers.
This exponential growth signifies Nvidia’s dominance in the AI chip market, amplifying expectations for its forthcoming guidance.
While rivals like Intel and Advanced Micro Devices vie for a slice of the AI chip pie, Nvidia’s hegemony remains unchallenged.
AMD’s upward revision of its AI chip sales forecast and Intel’s ambitious projections underscore the industry’s robust growth trajectory, further bolstering Nvidia’s position.
Despite its red-hot rally, Nvidia’s forward earnings multiple and PEG ratio suggest a stock still undervalued relative to its staggering growth potential.
