NVDA Stock Prediction: Nvidia Deserves A Price Target of $630

motek 1The 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.

Summary:

  • 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.

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