2024-05-02 13:18:04 ET
Summary
- My previous thesis about Nvidia Corporation has aged well, as the stock has appreciated by 18% since February 7, outperforming the S&P 500.
- Nvidia Corporation delivered strong fiscal Q4 financial results with revenue growth of 265% YoY and a significant EPS improvement.
- The company's investments in R&D, dominance in the GPU space, and new Blackwell platform position it well for future growth.
- My valuation analysis suggests that Nvidia stock is 34% undervalued.
Introduction
I shared a thesis about NVIDIA Corporation ( NVDA ) in early February 2024 with a "Strong Buy" rating. It appears that my optimism was justified because the stock has appreciated by 18% since February 7, while the S&P 500 (SP500) was flat. Today I want to share my insights about recent developments around NVDA from the fundamental analysis perspective....
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For further details see:
Nvidia's Stock Is Still A Bargain