The Best Is Yet to Come for Nvidia, According to Mizuho’s Rakesh
Vijay Rakesh, an analyst at Mizuho Securities, believes that Nvidia has a promising future ahead. The AI chipmaker is set to release its earnings report, and Rakesh predicts that they will exceed expectations once again. He foresees a prosperous year in 2024 and anticipates significant growth in revenue for Nvidia in the coming years.
Anticipated Earnings and Growth Projections
- Rakesh expects Nvidia to outperform in their upcoming earnings report.
- He predicts that 2024 will be a banner year for the company.
- Rakesh foresees revenue growth from $90 billion to nearly $280 billion by 2027.
- Major Factors Influencing Performance
- Rakesh notes that Nvidia’s late reporting in the quarter impacts market expectations.
- He highlights the importance of information regarding the ramp-up of new products and pipeline development.
- Nvidia’s transition towards full-stack servers is seen as a significant growth opportunity.
- Key Points for Future Growth
- Rakesh anticipates more commentary on the adoption of Nvidia’s GPUs in diverse industries.
- He mentions the expansion into enterprise, data center services, and cloud computing as areas for potential growth.
- Nvidia’s shift towards full-stack servers is highlighted as a significant factor for future success.
Future Outlook and Expansion Into New Industries
Looking ahead, Rakesh sees promising opportunities for Nvidia in the years to come. He emphasizes that the best is yet to come for the company, with further growth expected in various industries beyond hyperscale applications.
Hot Take: Nvidia’s Bright Future Ahead
As Nvidia prepares to report its earnings, the outlook appears positive according to Vijay Rakesh of Mizuho Securities. With a focus on new product developments, growth projections, and expanding into new industries, Nvidia is poised for continued success in the years to come.
By
By
By
By
By