{"id":11854,"date":"2023-05-26T16:46:43","date_gmt":"2023-05-26T08:46:43","guid":{"rendered":"https:\/\/www.syfe.com\/magazine\/?p=11854"},"modified":"2023-05-26T17:00:16","modified_gmt":"2023-05-26T09:00:16","slug":"nvidia-shares-spike-24-as-company-eyes-trillion-ai-opportunity","status":"publish","type":"post","link":"https:\/\/www.syfe.com\/magazine\/nvidia-shares-spike-24-as-company-eyes-trillion-ai-opportunity\/","title":{"rendered":"Nvidia Shares Spike 24% as Company Eyes Trillion AI Opportunity"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"374\" data-attachment-id=\"11856\" data-permalink=\"https:\/\/www.syfe.com\/magazine\/nvidia-shares-spike-24-as-company-eyes-trillion-ai-opportunity\/vishnu-mohanan-m0yacynjr6m-unsplash-1\/\" data-orig-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/vishnu-mohanan-M0yAcynJr6M-unsplash-1-scaled.jpg\" data-orig-size=\"2560,935\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"vishnu-mohanan-M0yAcynJr6M-unsplash-1\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/vishnu-mohanan-M0yAcynJr6M-unsplash-1-300x110.jpg\" data-large-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/vishnu-mohanan-M0yAcynJr6M-unsplash-1-1024x374.jpg\" src=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/vishnu-mohanan-M0yAcynJr6M-unsplash-1-1024x374.jpg\" alt=\"\" class=\"wp-image-11856\" srcset=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/vishnu-mohanan-M0yAcynJr6M-unsplash-1-1024x374.jpg 1024w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/vishnu-mohanan-M0yAcynJr6M-unsplash-1-300x110.jpg 300w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/vishnu-mohanan-M0yAcynJr6M-unsplash-1-768x281.jpg 768w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/vishnu-mohanan-M0yAcynJr6M-unsplash-1-1536x561.jpg 1536w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/vishnu-mohanan-M0yAcynJr6M-unsplash-1-2048x748.jpg 2048w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/vishnu-mohanan-M0yAcynJr6M-unsplash-1-696x254.jpg 696w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/vishnu-mohanan-M0yAcynJr6M-unsplash-1-1068x390.jpg 1068w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/vishnu-mohanan-M0yAcynJr6M-unsplash-1-1920x701.jpg 1920w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/vishnu-mohanan-M0yAcynJr6M-unsplash-1-1150x420.jpg 1150w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Was Nvidia\u2019s Q1 results an inflection point for the company?&nbsp;<\/p>\n\n\n\n<p>To be sure it was a blowout quarter, with the chipmaker reporting beats on the top and bottom lines, as well as guiding for Q2 revenue significantly ahead of prior expectations.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Nvidia Share Price Surges<\/strong><\/h2>\n\n\n\n<p>Investors responded incredibly bullishly to the release of the Q1 report, with Nvidia closing Thursday\u2019s session up 24% to US$379.80 per share.&nbsp;<\/p>\n\n\n\n<p>Nvidia shares have now rallied 165% between 1 January to 26 May, giving the company a market capitalisation of US$932 billion and making it the fourth largest weight on the Nasdaq 100 index, behind Microsoft, Apple, and Amazon.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"686\" data-attachment-id=\"11857\" data-permalink=\"https:\/\/www.syfe.com\/magazine\/nvidia-shares-spike-24-as-company-eyes-trillion-ai-opportunity\/screenshot-2023-05-26-at-4-42-21-pm\/\" data-orig-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-26-at-4.42.21-PM.png\" data-orig-size=\"1932,1294\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Screenshot-2023-05-26-at-4.42.21-PM\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-26-at-4.42.21-PM-300x201.png\" data-large-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-26-at-4.42.21-PM-1024x686.png\" src=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-26-at-4.42.21-PM-1024x686.png\" alt=\"\" class=\"wp-image-11857\" srcset=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-26-at-4.42.21-PM-1024x686.png 1024w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-26-at-4.42.21-PM-300x201.png 300w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-26-at-4.42.21-PM-768x514.png 768w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-26-at-4.42.21-PM-1536x1029.png 1536w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-26-at-4.42.21-PM-696x466.png 696w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-26-at-4.42.21-PM-1068x715.png 1068w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-26-at-4.42.21-PM-1920x1286.png 1920w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-26-at-4.42.21-PM-627x420.png 627w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-26-at-4.42.21-PM.png 1932w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Source: Google Finance<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>AI Transformation<\/strong><\/h2>\n\n\n\n<p>The story here is ultimately around the transformative power of AI.&nbsp;<\/p>\n\n\n\n<p>Indeed, while we have seen analysts and commentators talk up the potential impact of AI, we are now witnessing the results of that chatter through Nvidia\u2019s operational performance and aggressive guidance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q1 Results Review<\/strong><\/h2>\n\n\n\n<p>Here is a summary of Nvidia\u2019s Q1 earnings report:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Revenue of US$7.19 billion vs US$6.52 billion expected<\/li><li>Record data center revenue of US$4.28 billion<\/li><li>A gross margin of 64.6%&nbsp;<\/li><li>EPS of US$1.09 per share vs US$0.92 per share expected<\/li><li>An upcoming quarterly cash dividend of $0.04 per share<\/li><\/ul>\n\n\n\n<p>Speaking to the broad trends behind those impressive results &#8211; Jensen Huang, Founder and CEO of Nvidia &#8211; boldly stated that:&nbsp;<\/p>\n\n\n\n<p>\u2018The computer industry is going through two simultaneous transitions \u2014 accelerated computing and generative AI.\u2019<\/p>\n\n\n\n<p>Looking forward, Huang argued that:&nbsp;<\/p>\n\n\n\n<p>\u2018A trillion dollars of installed global data center infrastructure will transition from general purpose to accelerated computing as companies race to apply generative AI into every product, service and business process.\u2019<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q2 Guidance<\/strong><\/h2>\n\n\n\n<p>Beyond Nvidia\u2019s impressive Q1 results, the standout of this latest earnings report was management bullishly guiding for Q2 revenue to come in at US$11.00 billion, roughly 50% ahead of what analysts were previously expecting. That new Q2 guidance implies quarter-on-quarter revenue growth of ~52%.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Nvidia will release its Q2 results on 23 August 2023.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Nvidia Share Price Outlook<\/strong><\/h2>\n\n\n\n<p>As with investors, analysts responded bullishly to Nvidia\u2019s Q1 report, with a number of top analysts boosting their price target in response.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Morgan Stanley boosted their price target to US$450 from US$304<\/li><li>UBS raised their price target to US$475 from US$315<\/li><li>JPMorgan increased their price target to US$500 from US$250, arguing that \u2018Generative AI and large language\/transformer models are driving accelerating demand\u2019.<\/li><\/ul>\n\n\n\n<p>As of 26 May, Nvidia had a Buy rating on average and an average analyst price target estimate of US$379.80, suggesting that analysts believe the stock is appropriately valued.<\/p>\n\n\n\n<p>You can invest in thousands of top US stocks &#8211; like Nvidia &#8211; with Syfe. <a href=\"https:\/\/syfe.onelink.me\/SFxv?af_xp=custom&amp;pid=blog.syfe.com&amp;c=Nvidia%20Shares%20Spike%2024%25%20as%20Company%20Eyes%20Trillion%20AI%20Opportunity\">Download the app now.<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/app.syfe.com\/?link=https:\/\/www.syfe.com\/goto%2FStock%3FisAt%3Dtrue%26isLoginRequired%3Dtrue%26securityId%3DNVDA%3AUS&amp;apn=com.syfe&amp;ofl=https:\/\/www.syfe.com\/trade\/&amp;isi=1497156434&amp;ibi=com.syfe\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"512\" data-attachment-id=\"11858\" data-permalink=\"https:\/\/www.syfe.com\/magazine\/nvidia-shares-spike-24-as-company-eyes-trillion-ai-opportunity\/the-better-way-to-invest-in-stocks-1200-x-600-px-1\/\" data-orig-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/The-better-way-to-invest-in-stocks-1200-\u00d7-600-px-1.png\" data-orig-size=\"1200,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"The-better-way-to-invest-in-stocks-1200-\u00d7-600-px-1\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/The-better-way-to-invest-in-stocks-1200-\u00d7-600-px-1-300x150.png\" data-large-file=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/The-better-way-to-invest-in-stocks-1200-\u00d7-600-px-1-1024x512.png\" src=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/The-better-way-to-invest-in-stocks-1200-\u00d7-600-px-1-1024x512.png\" alt=\"\" class=\"wp-image-11858\" srcset=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/The-better-way-to-invest-in-stocks-1200-\u00d7-600-px-1-1024x512.png 1024w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/The-better-way-to-invest-in-stocks-1200-\u00d7-600-px-1-300x150.png 300w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/The-better-way-to-invest-in-stocks-1200-\u00d7-600-px-1-768x384.png 768w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/The-better-way-to-invest-in-stocks-1200-\u00d7-600-px-1-696x348.png 696w, https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2023\/05\/The-better-way-to-invest-in-stocks-1200-\u00d7-600-px-1-1068x534.png 1068w, 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[&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":11856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25],"tags":[],"class_list":{"0":"post-11854","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investment-insights"},"acf":{"readingTime":"","authorName":"","authorThumbnail":false,"BLUE_TIER":"0","BLACK_TIER":"0","GOLD_TIER":"0","PRIVATE_WEALTH_TIER":"0","PRE_AML":"0","POST_AML":"0","NO_GLOBAL_PORTFOLIO":"0","NO_REITS_PORTFOLIO":"0","NO_EQUITY_PORTFOLIO":"0","NO_CASH_PORTFOLIO":"0","HAS_ADVISOR":"0","INVESTMENT_PORTFOLIO_AUM":"0","AFTER_AML_DATE":"","AFTER_ACCOUNT_CREATED_DATE":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ 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