[Earnings Preview] Nvidia, the AI emperor, is approaching the $1,000 milestone. Should you buy before the earnings release at 5 AM on the 23rd?

● $NVIDIA (NVDA.US)$after the end of trading on the 22nd5:20 am on the 23rd in JapanThe earnings call for FY2025 Q1 is scheduled to be announced.
The company's most important business, the datacenter,is expected to achieve sales of $20.967 billion, an increase of 389.43% year-on-year compared to the same period last year.This is expected to continue to increase the proportion of this business in the company's revenue from 83% in the previous quarter to 85%.
GS Securities analysts expect continued high levels of investment in AI, so they still consider NVIDIA's valuation to be cheap.Nvidia's valuation is still considered undervalued.According to moomoo, the market perceives NVIDIA
news.FY2025 Q1の売上高が前年同期比240.47%増の24.487 billionドル、EPSは前年同期比532.28%増の5.18ドルと予想されている（US-GAAP）。

エヌビディアは再び市場予想を上回るのか？
エヌビディアはウォール街の予想を上回る可能性が高いようだ。これは、主に同社のデータセンター事業に対する経営陣の自信によるものである。経営陣は、エヌビディアのAIに焦点を当てたデータセンター向けチップと製品に対する高い需要に牽引された大幅な受注残のおかげで、この事業部門の短期的な売上高について明確な見通しを示している。

また、データセンターは同社の主要事業であり、業績全体を牽引する重要な原動力であるため、他の事業部門の需要に関する確度は低いかもしれないが、それほど懸念する必要はないであろう。

エヌビディアの第2四半期業績ガイダンスを含む今後の決算は、アナリストの予想を上回ると期待されているが、その一因は、最近の四半期報告書に見られるように、主要顧客がAIへの投資を増やしているためである。特に、 $Meta Platforms (META.US)$ （フェイスブックの親会社）、 $Alphabet-C (GOOG.US)$ 、 $Microsoft (MSFT.US)$Companies like this are significantly enhancing their efforts in AI, which is a positive sign for the company.

Nvidia's stock is still considered undervalued by Wall Street analysts.
$Goldman Sachs (GS.US)$ Analysts believe that investment in AI will continue at high levels in the future.Nvidia's valuation is still considered undervalued.They have raised their target share price from $1,000 to $1,100.

Goldman Sachs, $Microsoft (MSFT.US)$ 、 $Alphabet-C (GOOG.US)$ 、 $Amazon (AMZN.US)$ 、 $Meta Platforms (META.US)$The equipment investment in the cloud for the four tech companies this year far exceeded last year's $119 billion, reaching $177 billion, and is expected to continue increasing to $195 billion by 2025.

$HSBC Holdings (HSBC.US)$Also, they view the company's AI business outlook as undervalued and have set a target stock price of $1,350.

Should you buy before the earnings reports?
In the past four earnings reports, nvidia has consistently exceeded estimates, and investors are expecting this pattern to continue. $Advanced Micro Devices (AMD.US)$ and $Intel (INTC.US)$ despite advances by rivals such as $NVIDIA (NVDA.US)$ nvidia maintains a significant advantage in the GPU (Graphics Processing Unit) market, securing approximately 80% of the world market share. These chips are used for AI (artificial intelligence) applications, enhancing nvidia's competitive position.

risk of stock price decline in phases of concern in the semiconductor market
$NVIDIA (NVDA.US)$the stock price reached an all-time high on March 25th ($950.02) but has since struggled, dropping to $762 on April 19th, a 19.79% decline from the all-time high.

the previous day, concerns over semiconductor demand outlook intensified, leading to $Taiwan Semiconductor (TSM.US)$The outlook for the semiconductor market in 2024, as indicated by EPS, has been downwardly revised from the forecast as of January. Nvidia's total revenue is expected to continue to increase 2-3 times from the same period in the previous year for four consecutive quarters since the May-July 2023 period, but it is not guaranteed that this pace can be maintained indefinitely.