Nvidia next quarter guidance ( Which some media misinterpreted as 2H FY24 ) will be $11B, at least ~50% ahead of current forecast and best market expectation and are TSMC capacity constrained. Revenue expectation of FY2024 will be anywhere between 50% to 80% of FY23. Considering their Revenue will be mostly from Datacenter, Margin is expected to be better, Profits Forward earning in the higher end could double of FY23. Meaning Forward P/E ( Taking Current ~PE 220 from Yahoo, assuming that is correct ) would be ~110. Some sites are putting it Forward P/E as 50, I have no idea where that figure came from. So someone correct me if I am wrong.
But the market currently ( at least as I read it on news and some comments here ) are expecting them to DOUBLE again in FY25.
The Datacenter currently spent about $25B in total on Intel and AMD. Nvidia is looking at around $30B this year.
But again, Nvidia's GPU is only used for training. The actual mass market and volume are still in Inference. I dont see how $30B a year being sustainable in the long term. But I dont doubt this year and next will be a problem, I guess that is what market wants to see anyway.
It is interesting at these sort of Margin and volume. Now the tide has turned and Nvidia will be able to use and afford leading Edge Node on their GPU. Apple will no longer be TSMC's only option although still preferred due to smaller die size of Phone SOC.
It is only a matter of time before Nvidia further grow their market with ARM CPU. Which they haven't put too much effort into it yet. They already have Network Card from Mellanox, and are doing great.
But here is a wild idea, Acquisition. If Nvidia were to spend money to buy, which company would it be? Qualcomm currently only worth $120B. Nvidia will get access to Qualcomm's Patent and their SoC Line. Finally setting foot in Mobile.