Granted, Nvidia stock is only priced around $260 today, so a price target of $350 implies a generous 35% upside potential. On the other hand, points out that Barclays Capital city, Citigroup - and JPMorgan too! – are maintaining the exact same $350 price targets on Nvidia shares that they had prior to the start of GTC 2022.
On the one hand, JP Morgan Analyst Harlan Sur observed Wednesday morning that Nvidia remains “1-2 steps ahead of its competitors” in the areas of artificial intelligence, high performance computing, games and autonomous vehicles as well. That article quoted CEO Jensen Huang, who said, “Data centers are becoming AI factories, processing and refining mountains of data to produce intelligence.” He also quoted Bob O’Donnell, chief analyst at TECHnalysis Research, who claimed that Nvidia’s latest advancements make it a bigger threat to data centers and cloud computing companies in Intel (NASDAQ: INTC) and AMD (NASDAQ: AMD).
As a Reuters article covering Tuesday’s announcements makes clear, artificial intelligence appears to be Nvidia’s main focus at this conference.
0 kommentar(er)
