NVIDIA Corporation - Revision history

Manos at 22:19, 3 September 2023

2023-09-03T22:19:57Z

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	*Virtual GPU\|revenue=US$26.974 billion (2023)\|operating_income=US$4.224 billion (2023)\|net_income=US$4.368 billion (2023)\|assets=US$41.18 billion (2023)\|equity=US$22.10 billion (2023)\|owner=Jensen Huang\|num_employees=26,196 (2023)\|website=https://www.nvidia.com/\|footnotes=Financials as of January 31, 2023\|type=Public}}		*Virtual GPU\|revenue=US$26.974 billion (2023)\|operating_income=US$4.224 billion (2023)\|net_income=US$4.368 billion (2023)\|assets=US$41.18 billion (2023)\|equity=US$22.10 billion (2023)\|owner=Jensen Huang\|num_employees=26,196 (2023)\|website=https://www.nvidia.com/\|footnotes=Financials as of January 31, 2023\|type=Public}}

	~~== Summary ==~~		NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds. Its Compute & Networking segment provides Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; cryptocurrency mining processors; Jetson for robotics and other embedded platforms; and NVIDIA AI Enterprise and other software. The company's products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, independent software vendors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants. It has a strategic collaboration with Kroger Co. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.

	NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and [[Omniverse]] software for building 3D designs and virtual worlds. Its Compute & Networking segment provides Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; cryptocurrency mining processors; Jetson for robotics and other embedded platforms; and NVIDIA AI Enterprise and other software. The company's products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, independent software vendors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants. It has a strategic collaboration with Kroger Co. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.

	== <big>About the company</big> ==		== <big>About the company</big> ==
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	The returns on Equity, Assets and Investment for Nvidia are lower than all of it's competitors, indicating that the company is not as efficient at generating profits as others in the same industry.		The returns on Equity, Assets and Investment for Nvidia are lower than all of it's competitors, indicating that the company is not as efficient at generating profits as others in the same industry.

	The relative valuation indicates that Nvidia is overpriced, does not have brilliant income prospects, and is not as efficient at generating profits as some of it's industry competitors, such as Qualcomm, Broadcom and Apple. This could mean that in the future, share price for Nvidia is likely to fall or remain stagnant. However, investor sentiment and the volatility of the stock means that we may not see a translation of the value of the stock to the behaviour of it's share price.<references />__INDEX__		The relative valuation indicates that Nvidia is overpriced, does not have brilliant income prospects, and is not as efficient at generating profits as some of it's industry competitors, such as Qualcomm, Broadcom and Apple. This could mean that in the future, share price for Nvidia is likely to fall or remain stagnant. However, investor sentiment and the volatility of the stock means that we may not see a translation of the value of the stock to the behaviour of it's share price.

			== References ==
			<references />__INDEX__

>Kal.p54: Info box images

2023-08-15T14:21:30Z

Info box images

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	{{Infobox company\|name=NVIDIA Corp\|logo=\|logo_size="size"\|image=~~-image of factory-~~\|image_caption=~~-caption-~~\|traded_as={{Unbulleted list		{{Infobox company\|name=NVIDIA Corp\|logo=Nvidialogo.png\|logo_size="size"\|image=Nvidia HQ.jpg\|image_caption=Nvidia HQ at Santa Clara\|traded_as={{Unbulleted list
	\| {{NASDAQ\|NVDA}}		\| {{NASDAQ\|NVDA}}
	\| [[Nasdaq-100]] component		\| [[Nasdaq-100]] component

>Vidhiagarwal at 17:32, 14 August 2023

2023-08-14T17:32:15Z

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	*IO Acceleration		*IO Acceleration
	*Networking		*Networking
	*Virtual GPU\|revenue=US$26.974 billion (2023)\|operating_income=US$4.224 billion (2023)\|net_income=US$4.368 billion (2023)\|assets=US$41.18 billion (2023)\|equity=US$22.10 billion (2023)\|owner=Jensen Huang\|num_employees=26,196 (2023)\|website=https://www.nvidia.com/\|footnotes=~~'footnotes'~~\|type=Public}}		*Virtual GPU\|revenue=US$26.974 billion (2023)\|operating_income=US$4.224 billion (2023)\|net_income=US$4.368 billion (2023)\|assets=US$41.18 billion (2023)\|equity=US$22.10 billion (2023)\|owner=Jensen Huang\|num_employees=26,196 (2023)\|website=https://www.nvidia.com/\|footnotes=Financials as of January 31, 2023\|type=Public}}

	== Summary ==		== Summary ==

>Vidhiagarwal at 17:26, 14 August 2023

2023-08-14T17:26:52Z

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	Furthermore, the introduction of new regulations on export restrictions could present a notable danger to Nvidia and its shareholders. These regulations might necessitate licenses for chips related to artificial intelligence (AI), resulting in negative effects on Nvidia's financial performance as outlined in its official 10-K submission. Should the U.S. government impose export controls on AI chips, it could impede the growth of the AI sector, potentially leading to decreased risk-taking across the entire U.S. technology landscape. Consequently, investment funds might decrease their exposure and engage in profit-taking, ultimately impacting both Nvidia and the broader technology sector.		Furthermore, the introduction of new regulations on export restrictions could present a notable danger to Nvidia and its shareholders. These regulations might necessitate licenses for chips related to artificial intelligence (AI), resulting in negative effects on Nvidia's financial performance as outlined in its official 10-K submission. Should the U.S. government impose export controls on AI chips, it could impede the growth of the AI sector, potentially leading to decreased risk-taking across the entire U.S. technology landscape. Consequently, investment funds might decrease their exposure and engage in profit-taking, ultimately impacting both Nvidia and the broader technology sector.

			== '''Catalysts''' ==
			'''AI and Deep Learning'''

			NVIDIA's core competence lies in its GPUs, which have become a cornerstone in AI and deep learning applications. The rapid expansion of AI in various sectors, including healthcare, automotive, finance, and more, presents a significant growth opportunity for NVIDIA. The demand for powerful GPUs for training and inferencing in AI models continues to surge. As AI becomes more integral to business operations, NVIDIA is well-positioned to benefit from this trend, driving both hardware and software sales.

			'''Data Centre Expansion'''

			NVIDIA has strategically targeted the data centre market, capitalizing on the increasing need for high-performance computing. The acquisition of Mellanox Technologies in 2020 further solidified its position in the data centre ecosystem. The proliferation of cloud computing, edge computing, and AI-driven applications requires robust data centre infrastructure, presenting NVIDIA with substantial growth potential in this space. As businesses rely more on cloud-based services and AI-driven insights, NVIDIA's data centre solutions are expected to witness continued demand.

			'''Autonomous Vehicles'''

			NVIDIA's innovations in autonomous vehicle technology have been instrumental in shaping the future of transportation. Its DRIVE platform provides advanced AI and deep learning capabilities for autonomous vehicles, making it a preferred choice for automakers and tech companies venturing into self-driving technology. As the race towards autonomous vehicles intensifies, NVIDIA's solutions are poised to play a pivotal role. Partnerships with leading automakers and technological advancements in this sector are likely to drive revenue growth.

			'''Gaming and eSports'''

			NVIDIA's GPUs have been at the forefront of the gaming industry, delivering cutting-edge graphics and immersive experiences. The continued expansion of the gaming market, along with the rise of eSports, offers a lucrative opportunity for NVIDIA. The company's latest GPU releases, such as the GeForce RTX series, have garnered significant attention for their real-time ray tracing and AI capabilities. As gaming technology evolves, NVIDIA's position as a market leader is expected to contribute to its revenue growth.

			'''Edge Computing and Internet of Things (IoT)'''

			The proliferation of IoT devices and the need for real-time data processing have given rise to edge computing. NVIDIA's GPUs are well-suited for intensive computations at the edge, enabling efficient data analysis and decision-making. The integration of AI into IoT devices further enhances their capabilities, and NVIDIA's expertise in both areas positions it as a key player in the edge computing ecosystem. The company's EGX platform, designed for AI at the edge, is anticipated to gain traction as IoT deployment expands.

			'''Expansion into High-Performance Computing (HPC)'''

			NVIDIA's GPUs have found applications beyond gaming and AI, notably in high-performance computing (HPC). The ability to accelerate complex simulations and scientific research using GPUs has led to their adoption in academia, research institutions, and industries requiring extensive computational power. NVIDIA's GPUs are central to some of the world's most powerful supercomputers, underscoring their relevance in HPC. As scientific and industrial computing demands increase, NVIDIA's HPC solutions are positioned for growth.

	== '''<u>Valuations</u>''' ==		== '''<u>Valuations</u>''' ==

>Paul Pöhl: Industry Overview updated

2023-08-10T13:17:33Z

Industry Overview updated

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	Nvidia's operations are marked by continuous innovation, strategic partnerships, and a commitment to delivering state-of-the-art technology solutions. Through its diverse product portfolio, Nvidia continues to shape the future of technology, gaming, AI, and autonomous vehicles, aligning itself with global trends and emerging market opportunities.		Nvidia's operations are marked by continuous innovation, strategic partnerships, and a commitment to delivering state-of-the-art technology solutions. Through its diverse product portfolio, Nvidia continues to shape the future of technology, gaming, AI, and autonomous vehicles, aligning itself with global trends and emerging market opportunities.

			== Industry Overview ==
			NVIDIA corporation competes in a variety of Industries, ranging from Graphics and Gaming to the Healthcare Industry. In the following we give a brief summary of the industries NVIDIA competes in, and NVIDIA's position within those industries.

			# '''Graphics and Gaming''': NVIDIA is a major player in the graphics and gaming industry. They produce high-performance graphics processing units (GPUs) that power video games, virtual reality experiences, and other graphics-intensive applications. Their main competition is with companies like AMD.
			# '''Artificial Intelligence and Machine Learning''': NVIDIA's GPUs are widely used for AI and machine learning tasks due to their processing capabilities. They compete with companies like Intel and AMD in providing hardware solutions for accelerating AI computations.
			# '''Data Center and Cloud Computing''': NVIDIA's GPUs are also used in data centers and cloud environments to accelerate a variety of tasks, including AI, machine learning, and scientific computing. In this Industry they compete with companies like Intel and AMD in providing hardware solutions for datacenter acceleration.
			# '''Automotive and Autonomous Vehicles''': In the car-industry, NVIDIA provides technology for self-driving cars and advanced driver assistance systems, which are facing increasingly more demand. In this they compete with companies like Intel's Mobileye and other technology providers in the automotive industry.
			# '''High-Performance Computing''': NVIDIA's GPUs are furthermore used in supercomputers and high-performance computing clusters. These can be used for a variety of tasks, such as scientific simulations and research, which demand high levels of computation. They compete with companies providing specialised HPC solutions, such as BrainTrust.
			# '''Professional Graphics and Workstations''': NVIDIA's Quadro and other professional GPU lines are used by artists, designers, engineers, and other professionals for tasks like 3D modeling, video editing, and CAD. In this they also compete with companies like AMD and Intel.
			# '''Edge Computing and IoT''': NVIDIA's technology is also used in edge computing and Internet of Things (IoT) applications, where processing power is needed closer to the data source. In this emerging field they compete with a variety of technology providers.
			# '''Healthcare and Life Sciences''': NVIDIA's GPUs are used for medical imaging and scientific research in the healthcare and life sciences sectors. They compete with many other hardware providers catering to the healthcare industry.

			In this it is important to understand that the technology sector is constantly changing, and companies such as NVIDIA constantly face new potential industries, in which GPUs and processing power are needed. This is due to the fast pace of change within the computation and technology industry and the constant innovation and automation within all kinds of industries, requiring hardware offered by NVIDIA and its competitors.

	== Macroeconomic Analysis ==		== Macroeconomic Analysis ==

>Dk0709 at 14:30, 9 August 2023

2023-08-09T14:30:54Z

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 === Credit Ratings ===
-Credit ratings of the United States is a major catalyst for market activites. On 1st of August, Fitch downgraded the credit rating of the United States from the highest rating of AAA, to AA+. Fiscal deterioration and growing government deficit burden were the reasons behind this downgrade.<ref>https://www.bbc.com/news/business-66379366</ref> Previously, the credit rating downgrade of the US only occured once in 2011, following the aftermath of 2008 Financial Crisis and the Federal Reserve's attempt to revive the economy with vast amount of quantitative easing and increased balance sheet.
+Credit ratings of the United States is a major catalyst for market activities. On 1st of August, Fitch downgraded the credit rating of the United States from the highest rating of AAA, to AA+. Fiscal deterioration and growing government deficit burden were the reasons behind this downgrade.<ref>https://www.bbc.com/news/business-66379366</ref> Previously, the credit rating downgrade of the US only occurred once in 2011, following the aftermath of 2008 Financial Crisis and the Federal Reserve's attempt to revive the economy with vast amount of quantitative easing and an increased balance sheet.
 This downgrade is significant as investors began to question the economic strength of the US. With high macroeconomic sensitivity, the SOX index plummeted by 6% after the announcement.
 === Debt Crisis ===

>Dk0709 at 14:00, 9 August 2023

2023-08-09T14:00:57Z

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	Numerous potential recession signals are evident which need to be cautiously considered. These include the worst inverted US treasury yield curve since 1981 stagflation and oil crisis<ref>https://fred.stlouisfed.org/series/T10Y2Y</ref>, two consecutive negative quarterly growth on US Gross Domestic Income (GDI)<ref>https://mishtalk.com/economics/gross-domestic-income-gdi-suggests-the-us-is-in-recession-right-now/</ref>, the debt crisis (explained below), commercial real estate crisis, and many more. Although the labour market remains tighter than expected with resilient economic strength, deteriorating economy will likely to negatively impact the perfomance of NVIDIA based on historical performance of semiconductor companies.		Numerous potential recession signals are evident which need to be cautiously considered. These include the worst inverted US treasury yield curve since 1981 stagflation and oil crisis<ref>https://fred.stlouisfed.org/series/T10Y2Y</ref>, two consecutive negative quarterly growth on US Gross Domestic Income (GDI)<ref>https://mishtalk.com/economics/gross-domestic-income-gdi-suggests-the-us-is-in-recession-right-now/</ref>, the debt crisis (explained below), commercial real estate crisis, and many more. Although the labour market remains tighter than expected with resilient economic strength, deteriorating economy will likely to negatively impact the perfomance of NVIDIA based on historical performance of semiconductor companies.

			=== Monetary Policy ===
			Monetary policy refers to instruments used by the US Federal Reserve in order to achieve maximum employment with price stability.

			Quantitative tightening (QT) ejects liquidity out of the financial market, which is achieved by the Federal Reserve reducing its balance sheet by either selling their current assets, mostly US Treausry bonds and Mortgage Backed Securities (MBS), or letting the bonds mature without reissuance. Reduced amount of liquidity cools the economy which bring inflation down, which historically put downward pressure on tech and growth stocks including NVIDIA.<ref>https://www.investopedia.com/quantitative-tightening-6361478</ref>

			Quantitative Easing (QE) is the reverse of QT. Commonly referred as "money printing", they acquire bonds and securities and effectively lending money or injecting liquidity to the financial market. Increasing the money supply heats the economy and brings currency devaluation. This typically leads to inflation by issuing more debt and the FED lowers the federal funds rate to near zero in order to pay less interest on their debt. Semiconductor companies and growth stocks outperformed during QE phase of the economic cycle.

	=== Credit Ratings ===		=== Credit Ratings ===

>Paul Pöhl at 12:24, 9 August 2023

2023-08-09T12:24:40Z

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	Nvidia's operations are marked by continuous innovation, strategic partnerships, and a commitment to delivering state-of-the-art technology solutions. Through its diverse product portfolio, Nvidia continues to shape the future of technology, gaming, AI, and autonomous vehicles, aligning itself with global trends and emerging market opportunities.		Nvidia's operations are marked by continuous innovation, strategic partnerships, and a commitment to delivering state-of-the-art technology solutions. Through its diverse product portfolio, Nvidia continues to shape the future of technology, gaming, AI, and autonomous vehicles, aligning itself with global trends and emerging market opportunities.

	~~== Industry Overview ==~~

	== Macroeconomic Analysis ==		== Macroeconomic Analysis ==

>Ish21: /* AMD */

2023-08-09T09:22:14Z

AMD

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	The long standing rivalry between AMD and Nvidia is the primary driving force for GPU innovation in the gaming GPU market space.		The long standing rivalry between AMD and Nvidia is the primary driving force for GPU innovation in the gaming GPU market space.

	AMD ~~boasts~~ a revenue of 5.35 billion USD last quarter with yearly revenues of around 20 billion USD with around 25% of AMD's revenue coming from GPU sales.		AMD boasted a revenue of 5.35 billion USD last quarter with yearly revenues of around 20 billion USD with around 25% of AMD's revenue coming from GPU sales.

	==== Moore Threads ====		==== Moore Threads ====
	Moore Threads is a Chinese technology company ~~specializing~~ in graphics processing unit (GPU) design, established in October 2020 by, Zhang Jianzhong (张建中), the former global vice-president of Nvidia and general manager of Nvidia China. The company claims to be the first Chinese company to introduce a domestic, "fully-featured" GPU solution. Whilst Moore threads seems to still be in the start up stage of development, the company has a large market to sell to and its 1st line of GPUs was shown to be promising by ~~reviews~~. Additionally, ~~this~~ firm will be able to exploit the deterioration of US-China trade relations because as of 2023 no established GPU manufacturers are based in China. As a result, the trade embargoes placed by the US government on US chip manufacturers selling to China has a left a shortfall of supply and in an market with a high demand for GPUs. Therefore, it will only be a matter of time before a Chinese GPU manufacturer rises.		Moore Threads is a Chinese technology company specialising in graphics processing unit (GPU) design, established in October 2020 by, Zhang Jianzhong (张建中), the former global vice-president of Nvidia and general manager of Nvidia China. The company claims to be the first Chinese company to introduce a domestic, "fully-featured" GPU solution. Whilst Moore threads seems to still be in the start up stage of development, the company has a large market to sell to and its 1st line of GPUs was shown to be promising by reviewers. Additionally, the firm will be able to exploit the deterioration of US-China trade relations because as of 2023 no established GPU manufacturers are based in China. As a result, the trade embargoes placed by the US government on US chip manufacturers selling to China has a left a shortfall of supply and in an market with a high demand for GPUs. Therefore, it will only be a matter of time before a Chinese GPU manufacturer rises.

	Although the firm is currently still in its start-up phase and does not have published financials, it has raised over 531 million USD in funding from private investors including institutions such as Tencent and ByteDance (creator of Tiktok).		Although the firm is currently still in its start-up phase and does not have published financials, it has raised over 531 million USD in funding from private investors including institutions such as Tencent and ByteDance (creator of Tiktok).
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	'''Intel'''		'''Intel'''

	Like AMD, Intel is better known for its CPUs, but its graphics cards have also gained popularity in ~~lower~~ end performance ~~requirements~~. Intel is known for integrated HD/UHD GPUs embedded with the CPUs on a single chip. Intel’s graphics have not been the go-to option for gaming in the past, but things have changed after the release of Intel Xe. This recent release of Intel graphics have finally been recognised as somewhat gaming ready by reviews. Therefore, whilst it is not a direct competitor to Nvidia, it may compete with Nvidia in the integrated CPU-GPU markets.		Like AMD, Intel is better known for its CPUs, but its graphics cards have also gained popularity in the low end performance requirement market. Intel is known for integrated HD/UHD GPUs embedded with the CPUs on a single chip. Intel’s graphics have not been the go-to option for gaming in the past, but things have changed after the release of Intel Xe. This recent release of Intel graphics have finally been recognised as somewhat gaming ready by reviews. Therefore, whilst it is not a direct competitor to Nvidia, it may compete with Nvidia in the integrated CPU-GPU markets.

	~~But the CPU frontrunner~~ is getting more ambitious ~~as it is set to~~ release its own discrete GPUs (the ARC series).		Intel is getting more ambitious with the release its own discrete high performance GPUs ,the ARC series.

	It will take some time before Intel can get a foothold in the gaming and high-computing GPU market, but joining in the competition could prove vexing for Nvidia down the road.		It will take some time before Intel can get a foothold in the gaming and high-computing GPU market, but joining in the competition could prove vexing for Nvidia down the road.
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	It seems that the two chips are just a start for Apple’s venture in gaming GPU. Recently, the company released M1 Ultra, which has massive improvements over the previous chips and is available in the new Mac Studio. As Apple claims, M1 Ultra has two M1 chips with 64 GPU cores, “faster performance than even the highest-end PC GPU available while using 200 fewer watts of power”. This claim compares M1 Ultra with Nvidia’s RTX 3090, the most powerful GPU before the release of RTX 3090 Ti.		It seems that the two chips are just a start for Apple’s venture in gaming GPU. Recently, the company released M1 Ultra, which has massive improvements over the previous chips and is available in the new Mac Studio. As Apple claims, M1 Ultra has two M1 chips with 64 GPU cores, “faster performance than even the highest-end PC GPU available while using 200 fewer watts of power”. This claim compares M1 Ultra with Nvidia’s RTX 3090, the most powerful GPU before the release of RTX 3090 Ti.

	However, currently Apple's GPUs ~~appears~~ to integrated into ~~its own~~ Apple product ~~therefore,~~ for now ~~, apple will~~ not be a direct competitor to Nvidia's discrete GPU focus.		However, currently Apple's GPUs appear to be integrated into Apple product only (for now) therefore Apple is not currently a direct competitor to Nvidia's discrete GPU focus.

	== '''<u>Financials</u>''' ==		== '''<u>Financials</u>''' ==

>Ish21: /* Company Overview */

2023-08-08T12:35:37Z

Company Overview

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	However, currently Apple's GPUs appears to integrated into its own Apple product therefore, for now , apple will not be a direct competitor to Nvidia's discrete GPU focus.		However, currently Apple's GPUs appears to integrated into its own Apple product therefore, for now , apple will not be a direct competitor to Nvidia's discrete GPU focus.

	~~==== Qualcomm ====~~

	== '''<u>Financials</u>''' ==		== '''<u>Financials</u>''' ==