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NVDA Stock Forecast: A Look at Past Predictions to Inform Future Decisions

June 12, 2023

This NVDA Stock Forecast article was written by Anastasia Makuyev – Quantitative Analyst at I Know First.

Nvidia has a history of seasonal success during Q4. This year, I expect Nvidia to outperform their projected Q4 earnings of $6,051 million.
Nvidia is partnering with large tech companies such as AT&T, and is transitioning from gaming to AI to meet consumer demand. I expect this to lead to long-term success for Nvidia.
A machine learning algorithm designed to predict NVDA’s movement confirmed these predictions and helped us to set a PT of $377.91 in the coming year. I suspect that NVDA's high PB ratio is not a serious indicator of the fact that it is overvalued, and the company's performance will outweigh any doubts.

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September 16, 2020

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

My July 27 prediction that NVDA will trade above $460 from its pursuit of ARM Holdings came true.
NVDA is again trading below $530. NVDA still deserves a 1-year price target of $630. Owning ARM Holdings is a massive tailwind for Nvidia.
SoftBank has agreed to Nvidia’s offer of up to $40 billion offer for ARM Holdings. Nvidia will pay $12 billion in cash plus $21.5 billion in NVDA common shares.
Nvidia also agreed to grant $1.5 billion equity to ARM Holdings’ employees and a future bonus payout of $5 billion in cash or NVDA stock based on future financial performance of ARM Holdings.
Nvidia promised to retain ARM Holdings as a British company. Nvidia said it will not revise the open-licensing business model. These promises should appease government regulators.