Both Citi and JPMorgan love the stock, giving it serious upside potential.
Analysts are once again starting to get bullish on Nvidia , after the semiconductor giant lost favor amid geopolitical tensions and a slowdown in the chip sector. Citi and JPMorgan both said last week that solid demand in PC gaming, as well as cloud adoption in data centers, were set to be tailwinds for Nvidia. That's after the firm unveiled new flagship gaming chips that use artificial intelligence to enhance graphics.
"NVIDIA is well-positioned to continue to benefit from major secular trends in AI, high performance computing, gaming, and autonomous vehicles, in our view," JPMorgan said. "Bottom line: NVIDIA continues to be 1-2 steps ahead of its competitors from silicon/systems, software, and ecosystem adoption." The bank has an overweight rating on the stock, and price target of $220. That's an upside of around 75% from its Friday close of $125.16.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
21 Savage: ‘Rolling Loud Will Never Get a Show Out of Me Ever Again’This weekend’s Rolling Loud Festival at Citi Field in New York experienced several last-minute cancellations and a long list of other performance snafus. So much so that 21 Savage — who…
Weiterlesen »
Spooky event ‘Horror Con’ comes to Mobile this weekendIt’s spooky... it’s scary... and it’s a convention that draws horror-loving fans each year.The Gamers n’ Geeks Horror Con 2022 took place this Saturday and Sunday on Moffett Road.
Weiterlesen »