The analysts' reactions and targets from the GTC mtg; I'll try to record them here | NVDA Message Board Posts


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Msg  40017 of 40036  at  9/22/2022 9:03:49 AM  by

delt1970


 In response to msg 40016 by  delt1970
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Re: The analysts' reactions and targets from the GTC mtg; I'll try to record them here

BofA/Merrill:

GTC underscores AI/Gaming dominance amidst n-t macro headwinds
Reiterate Rating: BUY | PO: 205.00 USD | Price: 131.76 USD

Full stack solution of hardware, software, and services
Maintain Buy following NVDAs GPU Tech Conference (GTC22) where CEO Jensen
Huang outlined a highly innovating (though well telegraphed in media reports prior) stack of 4nm products in gaming (Ada Lovelace 4080/90), data center/omniverse and edge
(autos/robotics). No financial updates. Incremental takeaways: (1) Ada Lovelace
launching in OctQ and ramping into CY23, MSRP 7%-29% above their Ampere
counterparts; (2) a more powerful Thor SoC for edge apps that replaces previously
announced Atlan chip; and (3) Omniverse Cloud which provides NVDA the ability to
deliver services over their own cloud. Importantly, Omniverse Cloud represents an infraas-a-service opportunity and extends NVDAs software/services revenue run-rate to
hundreds of millions. NVDA also underscored its ambitions in becoming a system-level
full stack provider, with the Hopper HGX systems now in full production (some revenues
in OctQ, and a full ramp in JanQ), and the Thor SoCs enabling end-to-end automotive
platforms via hardware-software combination. While near-term inventory concerns in
Gaming and Enterprise remain, NVDA believes two quarters of Ampere inventory
digestion has paved the way for a healthy Ada Lovelace launch. We also note a majority
of installed base is still non-RTX, and highlight the potential for upgrade. NVDAs ecosystem of 3.5mn developers and 550 SDKs, combined with its full-stack products/services approach should help overcome near-term macro headwinds.


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Msg # Subject Author Recs Date Posted
40018 Re: The analysts' reactions and targets from the GTC mtg; I'll try to record them here delt1970 0 9/22/2022 9:08:03 AM




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