MarketWatch reported on March 24 that Raymond James analyst Chris Caso gave NVIDIA Corporation a “strong buy” investment rating. He pointed out that Huida recently mentioned at the legal conference that for Huida, the “accessible market size” (TAM) of software is three times that of the video game market, and video games currently account for 45% of Huida’s overall revenue. .
Evercore ISI analyst C.J. Muse gave Huida an “outperform” investment rating and set a price target of $375. Huida’s historical strengths and $29 billion in R&D spending over the past two decades have convinced Muse and his team that the company’s hardware and software strategy should lead to world-class organic growth in the years to come.
Huida: Software TAM totals 300 billion US dollars
Huida pointed out at the 2022 law conference a few days ago that among the $1 trillion TAM, video games, chips and systems, artificial intelligence (AI) enterprise software, Ominverse enterprise software, and automotive accounted for $100 billion and $300 billion respectively. USD, USD 150 billion, USD 150 billion, USD 300 billion.
In the fourth quarter of fiscal 2022 (ending January 30, 2022), Huida’s revenue increased by 53% year-on-year (8% quarter-on-quarter) to a record-breaking $7.643 billion. Among them, video game chip business revenue increased by 37% year-on-year (6% quarter-on-quarter) to a record-breaking $3.42 billion.
Huida will announce its financial results for the first quarter of fiscal 2023 on May 25, 2022.
Huang Renxun: Grace is a new growth market for Huida
Yahoo Finance reported on Thursday that huida chief executive Huang Renxun pointed out in an interview that the super chip, called Grace, represented huida’s new growth market. Designed for AI system applications, Grace has 144 cores, twice the memory bandwidth, and the energy efficiency of high-end cutting-edge server chips.
Huang Renxun said that for the application scenarios of the entire data center, whether it is scientific computing, AI, application software training/reasoning, AI deployment, edge data centers or autonomous driving systems (self-driving cars), Huida has corresponding data center-scale products. And technology.
Huida on Tuesday announced the start of production of the NVIDIA DRIVE Orin autonomous vehicle computer. Huida said that the cumulative design order value of NVIDIA DRIVE in the next six years has exceeded 11 billion US dollars.
Huida rose 9.82% on Thursday to close at $281.50, a new closing high since January 6, and a cumulative increase of 32% in the past 8 trading days.