Forecast Of The Day: Nvidia’s GPU Revenue

+47.50%
Upside
150
Market
221
Trefis
NVDA: NVIDIA logo
NVDA
NVIDIA

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

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.

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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