Nvidia Stock Forecast For 2023: What To Watch For

Nov. 29, 2022 10:51 AM ETNVIDIA Corporation (NVDA)3 Comments

Summary

  • NVIDIA's actual third-quarter top line and fourth-quarter revenue guidance were largely consistent with investors' expectations.
  • In assessing NVDA's calendar year 2023 outlook, one should watch out for key drivers like gaming revenue recovery, alternative product sales for Chinese data center clients, and sustained share repurchases.
  • I retain a Buy rating for NVIDIA, considering my favorable opinion about the company's growth prospects in the coming year and the stock's capital appreciation potential.
  • Looking for more investing ideas like this one? Get them exclusively at Asia Value & Moat Stocks. Learn More »
Semiconductor Maker Nvidia Reports Quarterly Earnings

Justin Sullivan

Elevator Pitch

I have a Buy investment rating assigned to NVIDIA Corporation's (NASDAQ:NVDA) shares. I previously analyzed NVIDIA's long-term prospects for the next decade with my earlier July 26, 2022 article.

The focus of my latest write-up for NVDA is

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Asia Value & Moat Stocks is a research service for value investors searching for attractive Asia-listed investment opportunities  with a huge gap between price and intrinsic value, leaning towards both deep value balance sheet bargains (i.e. buying assets at a discount e.g. net cash stocks, net-nets, low P/B stocks, sum-of-the-parts discounts) and wide moat stocks (i.e. buying earnings power at a discount in great companies like "Magic Formula" stocks, high quality businesses, hidden champions and wide moat compounders).


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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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