Morningstar

Nvidia Ends Hot Streak

For the first time in years, the narrow-moat firm's revenue range fell below consensus estimates.

Securities In This Article
NVIDIA Corp
(NVDA)

We are maintaining our $120 fair value estimate and view shares as grossly overvalued, given our view that the firm's gaudy market opportunities in artificial intelligence and autonomous driving will not be conquered solely by Nvidia, contrary to what current stock levels imply.

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About the Author

Abhinav Davuluri

Strategist
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Abhinav Davuluri, CFA, is a strategist for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers microprocessors, wafer manufacturing equipment, and other companies in the semiconductor space.

Before joining Morningstar in 2015, Davuluri spent two years as a process engineer for Intel.

Davuluri holds a bachelor’s degree in chemical engineering from the University of Michigan. He also holds the Chartered Financial Analyst® designation.

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