Nvidia (NVDA) issued its first quarter results on Wednesday afternoon, beating Wall Street expectations and announcing a 10-for-1 stock split. KeyBanc Capital Markets Equity Research Analyst John Vinh joins Morning Brief to explain how Nvidia "met the bar" and what it will take for the chip giant to build on its success.
Vinh elaborates on Nvidia’s 10-for-1 stock split: "From our perspective, the splitter post-play doesn’t matter with us. But I think there’s still very favorable risk-reward on Nvidia here. We think that they can do close to $50 in earnings. And you know, at that sort of earnings power, Nvidia is trading very attractively relative to its broader peers, kind of in the high teens, low 20s multiple, which is very attractive from a valuation perspective."
For more Nvidia, watch Yahoo Finance’s interview with CEO Jensen Huang.
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