Nvidia(US:NVDA) Great Wall Securities·2024-08-31 03:46Investment Rating - The report maintains a "Buy" rating for the company, expecting the stock price to outperform the industry index by over 15% in the next six months [23][29]. Core Insights - In FY25 Q2, the company reported a revenue of $30.04 billion, representing a year-over-year growth of 122.40% and a quarter-over-quarter growth of 15.34%. The net profit attributable to shareholders was $16.599 billion, with a year-over-year increase of 168.24% and a quarter-over-quarter increase of 11.54% [20]. - The data center segment achieved revenue of $26.272 billion, a year-over-year increase of 154.50%, driven primarily by the Hopper GPU. Approximately 45% of data center revenue came from cloud service providers, with strong growth across all customer types [20]. - The company is advancing its presence in the embodied intelligence sector, with significant partnerships in the robotics field, including collaborations with leading global companies [7][20]. Financial Summary - The company forecasts net profits for FY2025, FY2026, and FY2027 to be $68.943 billion, $104.953 billion, and $136.694 billion, respectively. The current stock price corresponds to P/E ratios of 45, 29, and 23 for these years [23]. - The projected revenue growth rates for FY2025, FY2026, and FY2027 are 113.86%, 48.83%, and 28.29%, respectively [24]. - The gross margin is expected to be 81.52% in FY2025, with net profit margins projected at 52.92% [24].