Nvidia

Raymond James analyst Srini Pajjuri maintains NVIDIA (NASDAQ:NVDA) with a Strong Buy and raises the price target from $600 to $700.

Meta is making a significant investment in Nvidia’s AI chips, a move that positions Nvidia as a leading player in AI chip production. These sought-after H100 graphics cards from Nvidia, essential for advanced AI algorithm development and implementation, come with a high price tag. Nvidia’s engagement in AI has led to a remarkable surge in its stock value, with a 235% uptrend in 2023. Meta is investing substantially in Nvidia’s AI chips. This investment positions Nvidia as a leader in AI chip production. Meta aims to integrate 350,000 H100 graphics cards from Nvidia into their systems by the end of 2024. These high-performance graphics cards, sought after by many, carry a hefty price tag of over $30,000 and can exceed $40,000 on platforms like eBay due to their high demand. Yann LeCun, Meta’s Chief Scientist, has highlighted the essential role of GPUs (Graphics Processing Units) in advancing AI. The use

Nvidia looks like a long-term winner with accelerated computing that can grow at 20% CAGR off of 2022 revenue, but in the two weeks since he initiated coverage of the company with a neutral rating, DA Davidson analyst Gil Luria hasn’t heard anything that will shift his view that consensus estimates and expectations for the company’s 2025 and beyond are too high. He believes a meaningful part of Nvidia ownership currently represents portfolio benchmark risk mitigation, and that investors who previously missed out on gains won’t be keen to fight uphill for shares again.

Keybanc analyst John Vinh maintains NVIDIA (NASDAQ:NVDA) with a Overweight and raises the price target from $650 to $740.

Nvidia Corp. (NASDAQ:NVDA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/03/2024 -13.79% DA Davidson → $410 Initiates Coverage On → Neutral 11/22/2023 36.68% Oppenheimer → $650 Reiterates Outperform → Outperform 11/22/2023 39.84% Stifel $600 → $665 Maintains Buy 11/22/2023 31.42% Susquehanna → $625 Reiterates Positive → Positive 11/22/2023 21.96% UBS $560 → $580 Maintains Buy 11/22/2023 — Edward Jones Downgrades Buy → Hold 11/22/2023 31.42% Mizuho $590 → $625 Maintains Buy 11/22/2023 31.42% Benchmark → $625 Reiterates Buy → Buy 11/22/2023 36.68% BMO Capital $600 → $650 Maintains Outperform 11/22/2023 26.17% Wedbush → $600 Reiterates Outperform → Outperform 11/22/2023 41.94% Wells Fargo $600 → $675 Maintains Overweight 11/22/2023 26.8% Morgan Stanley $600 → $603 Maintains Overweight 11/22/2023 26.17% Needham → $600 Reiterates Buy → Buy 11/17/2023 26.17% Stifel → $600 Reiterates Buy → Buy 11/17/2023 30.37% Piper Sandler → $620 Reiterates

‘Nvidia’s AI Processors Will Continue To Be A Key Growth Catalyst For The PC And Server Markets In 2024, According To Sources At Related Component And Peripheral Suppliers’ – DigiTimes Alert

The AI revolution has not only sparked a sea change in several industries this year, but it has also more than tripled the Nvidia Corp. (NASDAQ:NVDA) stock in 2023. Yet, it remains the “cheapest AI play” right now, according to a Bernstein analyst. What Happened: Bernstein Research’s senior semiconductor analyst Stacy Rasgon thinks that Jensen Huang-led Nvidia is still a value purchase despite the massive rally this year. Powered by the AI revolution, Nvidia’s shares have surged over 241% in 2023 so far. Despite this, the company’s valuations are the cheapest they have been since the cryptocurrency bubble burst in 2018. Rasgon has a target of $700 for the Nvidia stock, which is currently trading at $488.90. Despite the spectacular returns this year, though, Rasgon says the rally has been “disappointing.” Over the last month, the stock has actually declined by 1.2% even though its earnings beat expectations. “In fact, while forward estimates have quadrupled this year as

Nvidia (NVDA) is still facing supply constrained amid strong demand as the company is set to report its Q3 results on Nov. 21, Wedbush said in a Friday note. “With NVDA still seemingly supply constrained through at least CQ2’24 despite a seemingly significant…ramp, and with constraints potentially lasting well beyond that point (depending on how quickly applications built on AI begin to get monetized), we see no reason to shift our positive view on the stock,” Wedbush analyst Matt Bryson said. Bryson said the situation remained the same amid significant newsflow over the past quarter, pointing to new US restrictions on shipments to China, positive commentary and increased revenue goals from key competitors. “If Nvidia beats by less in Q3 or guides lower in Q4, with Nvidia supply falling well short of demand, any shortfall just leaves a greater amount of demand unfulfilled that Nvidia can ship to in future

Nvidia Corp Says Interim Final Rule To Impact Shipments Of Company’s A100, A800, H100, H800, And L40s Products.

Nvidia (NVDA) is designing CPUs that will be able to run Microsoft’s (MSFT) operating system and use technology from Arm, Reuters reported Monday, quoting unnamed sources with knowledge of the situation. The move is part of Microsoft’s plan to help chipmakers build Arm-based processors for computers with Windows, the report said. Advanced Micro Devices (AMD) is also planning to make chips for computers with Arm technology, Reuters reported, adding that Nvidia and AMD may sell the chips as soon as 2025. Reuters said that spokespeople for Nvidia, AMD, Arm and Microsoft declined to comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: According to Reuters, NVDA intends to begin designing CPUs for PCs on ARM-based architecture as early as CY 2025 (AMD also plans to do the same). We would note the market is currently dominated by INTC and AMD’s x86 chips, while QCOM has been developing ARM-based CPUs for years now. Windows has lost considerable share since Apple’s decision to start designing ARM-based CPUs for Macs, and Microsoft could be luring others to develop CPUs (exclusive QCOM ARM contract expires in 2025) to reduce its high emphasis on Intel. We think the news is a positive for NVDA as it further expands the company’s addressable market and adds further fuel to its CPU initiatives (recently launched Grace CPU in data centers). We highlight that developing an all-encompassing CPU