![]() ![]() The company's partnership with almost all major cloud service providers (CSPs) and server vendors is a key catalyst. The company's GPU platforms are playing a major role in developing multi-billion-dollar end-markets like robotics and self-driving vehicles.NVIDIA is a dominant name in the Data Center, professional visualization and gaming markets where Intel and Advanced Micro Devices are playing a catch-up role. Over the years, the company's focus has evolved from PC graphics to artificial intelligence (AI) based solutions that now support high performance computing (HPC), gaming and virtual reality (VR) platforms.NVIDIA's GPU success can be attributed to its parallel processing capabilities supported by thousands of computing cores, which are necessary to run deep learning algorithms. To sum it up, I feel that it is a good investment for the long term and will make a good short term trade as well.NVIDIA Corporation is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. With its impending stock split, Nvidia’s acquisition of Arm Holdings, its market-leading position in artificial intelligence, and the company’s strong performance across multiple business units, Nvidia is in a great position right now. ![]() Nvidia has a lot of momentum behind it right now. That kind of growth is underpinning the rise of NVDA stock. Some analysts forecast that Nvidia’s data center business alone will generate $30 billion of annual revenues by 2025. The company’s gaming, data center and artificial intelligence units are all performing very well.Īnalysts, on average, currently expect Nvidia’s revenues to grow by 49% during its current fiscal year. Nvidia is doing exceptionally well across its various business segments. Prior to Nvidia breaking out the stock-split announcement, NVDA stock had been consolidating for most of this year and struggling to break above $550 per share. Bank of America (NYSE: BAC ) recently raised its price target on Nvidia’s shares to $900, stating that the chipmaker is well-positioned to capitalize on the evolution and widespread adoption of artificial intelligence. NVDA stock will begin trading on a split-adjusted basis on July 20. In late May, graphics chip-maker NVIDIA ( NVDA -6.13) surprised shareholders with an announcement that it would execute a four-for-one stock split. We know for a fact that there will be a lot of volume with this ticker. With its four-for-one stock split fast approaching, the stock is being heavily eyeballed by retail investors. ![]()
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