Jubak Nvidia:
NVIDIA Corporation
NVDA 9/1/00 $79.500 $70.063 -$0.438 -11.87%
"3D graphics is gradually going mainstream and Nvidia (NVDA) is going to grab a big share of that market. As I wrote in "Find stocks built for speed -- and acceleration," Mercury Research estimates Nvidia’s unit share of the desktop market climbed 3 percentage points (to 25%) in the July 2000 quarter and its share of the standalone desktop market rose 10 percentage points to 35%. Analysts are projecting 110% earnings growth for the company in the October quarter, and I think that’s low. I’m putting a $98 per share target price for December on this earnings-momentum play."
Names to grow with:
"My top pick from the list would be Nvidia (NVDA, news, msgs). The company beat estimates by 8% in the July quarter, and analysts have been scrambling to catch up ever since. Although they’ve raised estimates by 3 cents to 31 cents a share for the October quarter in just the last month, I think the projections are still low. The company has introduced the GeForce2 MX, the first graphics-processing unit to target the mainstream desktop market with a low-cost, low-power design, and the new GeForce2 Ultra, currently the fastest 3D graphics chip on the market. According to Mercury Research, Nvidia’s unit share of the total desktop market climbed three percentage points to 25% in the recent quarter, and its share in the desktop standalone processor market rose 10 percentage points to 35%. I’m adding the stock to Jubak’s Picks with a target price of $98 a share by December 2000." |
