Forecast Of The Day: Nvidia’s GPU Revenue
What?
Nvidia’s (NASDAQ:NVDA) GPU revenue rose from around $7.6 billion in 2020 to about $9.8 billion in 2021. Trefis expects the metric to rise further to about $14 billion in 2022 and $18.5 billion in 2023.
Why?
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We expect growth to be driven by demand for gaming and greater use of GPUs in data centers.
So What?
We value NVDA stock at about $332 per share, about 20% ahead of the current market price.
See Our Complete Analysis For Nvidia
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| Returns | Jan 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| NVDA Return | -7% | -7% | 927% |
| S&P 500 Return | N/A% | -2% | 109% |
| Trefis MS Portfolio Return | -5% | -5% | 273% |
[1] Month-to-date and year-to-date as of 1/10/2022
[2] Cumulative total returns since the end of 2016
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