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MarketScreener Homepage  >  Equities  >  Nasdaq  >  NVIDIA Corporation    NVDA

NVIDIA CORPORATION

(NVDA)
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Nvidia Benefits from Sustained Pandemic-Era Remote Work, Videogaming Demand

11/18/2020 | 04:56pm EST

By Asa Fitch

Graphics-chip maker Nvidia Corp. reported record quarterly sales and a jump in profit, propelled by a pandemic-era boom in home computing and videogaming and the increasing use of its chips in big data centers.

The company on Wednesday posted fiscal third quarter sales of $4.73 billion, up by 57% from the previous year. Earnings per share rose to $2.12 from $1.45 in the same period last year.

The earnings were better than analysts surveyed by FactSet expected. The company's outlook for the current quarter of around $4.8 billion in sales also topped Wall Street's expectations.

Chief Executive Jensen Huang has transformed Nvidia over the past decade from a niche player in graphics-processing chips into a major force in artificial intelligence and data-science computing.

During the pandemic, Nvidia has been one of the leading examples of technology companies that have benefited from people staying home and using their computers and gaming machines more. Nvidia's chips are in Nintendo Switch gaming consoles that have been hot commodities during global lockdowns: almost seven million sold in the third quarter, according to Nintendo.

"Nvidia is firing on all cylinders, achieving record revenues in Gaming, Data Center and overall," Mr. Huang said.

The Santa Clara, Calif.-based company's shares have more than doubled this year, and Nvidia has surpassed Intel Corp. as the most valuable U.S. semiconductor company.

Leveraging that rise, Mr. Huang wants to expand Nvidia's focus further with the proposed $40 billion acquisition of U.K.-based chip designer Arm Holdings. Arm's circuit designs are in almost all smartphones, and its acquisition would instantly open up a new business line for Nvidia.

Write to Asa Fitch at asa.fitch@wsj.com

(END) Dow Jones Newswires

11-18-20 1655ET

Stocks mentioned in the article
ChangeLast1st jan.
INTEL CORPORATION -9.29% 56.66 Delayed Quote.25.37%
NINTENDO CO., LTD. 1.85% 63920 End-of-day quote.-2.90%
NVIDIA CORPORATION -1.12% 548.5 Delayed Quote.5.04%
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Financials (USD)
Sales 2021 16 461 M - -
Net income 2021 4 079 M - -
Net cash 2021 4 776 M - -
P/E ratio 2021 82,8x
Yield 2021 0,12%
Capitalization 340 B 340 B -
EV / Sales 2021 20,3x
EV / Sales 2022 16,7x
Nbr of Employees 13 775
Free-Float 61,7%
Chart NVIDIA CORPORATION
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NVIDIA Corporation Technical Analysis Chart | NVDA | US67066G1040 | MarketScreener
Technical analysis trends NVIDIA CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 41
Average target price 587,15 $
Last Close Price 548,50 $
Spread / Highest target 27,6%
Spread / Average Target 7,05%
Spread / Lowest Target -38,0%
EPS Revisions
Managers and Directors
NameTitle
Jen-Hsun Huang President, Chief Executive Officer & Director
Debora Shoquist Executive Vice President-Operations
Colette M. Kress Chief Financial Officer & Executive Vice President
William James Dally Chief Scientist & Senior Vice President-Research
Tony Tamasi Senior Vice President-Content & Technology
Sector and Competitors
1st jan.Capitalization (M$)
NVIDIA CORPORATION5.04%339 522
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INTEL CORPORATION25.37%230 210
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QUALCOMM INCORPORATED8.15%183 697
TEXAS INSTRUMENTS5.29%158 630