Nvidia(US:NVDA) 美股研究社·2025-03-06 10:32Core Viewpoint - Nvidia's stock price experienced a significant decline of nearly 25% during 2025, influenced by recession fears and reduced capital expenditures from major tech companies like Microsoft, Meta, Google, and Amazon [1] Financial Performance - Nvidia's PEG ratio can be analyzed through two methods: adjusting for R&D expenses or using traditional expected growth rates, with a maximum multiplier of 25 times [1] - EPS estimates show a projected growth rate of over 25% for the next three years, with a notable decline expected after 2027 [2] Industry Insights - Major tech companies such as Amazon, Google, Microsoft, and Meta are at the forefront of LLM development, which is expected to enhance operational efficiency and profitability across industries [3] - Intel may reach an agreement with TSMC to sell part of its FAB, coinciding with TSMC's $100 billion investment in U.S. FAB construction, which is a positive development for Nvidia [3] Balance Sheet Strength - Nvidia's EBITDA is nearly ten times its long-term debt, and cash and short-term investments are 5.1 times its long-term debt, indicating a strong balance sheet [4] - The company has a low leverage ratio, borrowing only one-tenth of its EBITDA, with net interest income of $1.539 billion [4] Growth Analysis - Nvidia's 10-year growth metrics show a recent stabilization, with a 5-year standardized EPS now exceeding price growth rates post-decline [5] - The current market conditions suggest that analysts are willing to buy Nvidia stock if it drops to around $112, indicating it has entered a buyable range [5]