Nvidia: reshaping the foundations of tomorrow

Abstract

This piece of work is part of an Equity Research Report on Nvidia Corporation. The objective of this report is to achieve a proper valuation of the company and allow for a deep understanding of the business segments where the company operates and its prospects. Therefore, the analysis of this part contributes with the comprehension on the end-market segments and its products, segment’s competitive environment, revenues’ forecasts, long-Term value drivers, WACC computation and the Summary of the Investment Risks presenting restrains to the scenario analysis. By considering the mentioned topics, and the overall structure of the valuation conducted, the FY24 target share price of $171.62 culminates in a “Sell” recommendation with an expected total shareholders’ return of -2.75%