Latest news with #acceleratedcomputing
Yahoo
a day ago
- Business
- Yahoo
Nvidia (NVDA) Just Got a Buy Rating From Goldman—Here's Why Analysts Are Bullish
NVIDIA Corporation (NASDAQ:NVDA) is one of the . On July 10, Goldman Sachs analyst James Schneider initiated coverage on the stock with a 'Buy' rating and a price target of $185. Schneider believes that Nvidia is the biggest beneficiary of the ongoing AI infrastructure buildout. The company's broadening customer base is an optimistic signal, along with product leadership and rapid new releases, and an attractive valuation that can drive stock outperformance in the medium term. 'Nvidia is a fabless provider of GPU technology and related software (CUDA), and we see it as the industry standard in accelerated computing. Although stock price action has been choppy due to 'peak concerns' and the growing presence of custom accelerators, we believe that a combination of (1) product leadership and rapid cadence of introductions; (2) broadening of the customer base; (3) early signs of AI monetization; and (4) attractive valuation can drive outperformance versus our coverage.' NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services. While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Yahoo
a day ago
- Business
- Yahoo
Nvidia (NVDA) Just Got a Buy Rating From Goldman—Here's Why Analysts Are Bullish
NVIDIA Corporation (NASDAQ:NVDA) is one of the . On July 10, Goldman Sachs analyst James Schneider initiated coverage on the stock with a 'Buy' rating and a price target of $185. Schneider believes that Nvidia is the biggest beneficiary of the ongoing AI infrastructure buildout. The company's broadening customer base is an optimistic signal, along with product leadership and rapid new releases, and an attractive valuation that can drive stock outperformance in the medium term. 'Nvidia is a fabless provider of GPU technology and related software (CUDA), and we see it as the industry standard in accelerated computing. Although stock price action has been choppy due to 'peak concerns' and the growing presence of custom accelerators, we believe that a combination of (1) product leadership and rapid cadence of introductions; (2) broadening of the customer base; (3) early signs of AI monetization; and (4) attractive valuation can drive outperformance versus our coverage.' NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services. While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Yahoo
2 days ago
- Business
- Yahoo
NVIDIA Corporation (NVDA): Its CEO's 'Changed The World,' Says Jim Cramer
We recently published . NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently discussed. NVIDIA Corporation (NASDAQ:NVDA) is once again the world's most valuable company. The firm's shares have gained 41% since May and propelled it to the top of the market valuation pyramid. NVIDIA Corporation (NASDAQ:NVDA) has been helped by the fact that analysts have increasingly grown optimistic about the long-term demand for AI. However, Cramer was careful to note that apart from AI, NVIDIA Corporation (NASDAQ:NVDA) can also benefit from the growth in accelerated computing. He discussed the firm's CEO and accelerated computing in detail: 'Oh there you go. Alright, hey, who is the leader of nicest guy on Earth! Jensen Huang. I mean Jensen Huang comes in peace. I remember when he didn't like Zuckerberg because he thought it was about combat. And then Zuckerberg, pivots! I mean people have to understand that Jensen Huang when you meet Jensen, you think he's just a guy who's just a gamer and has no concept of how wealthy he is. I mean I'm telling you these guys, I know that there's a tenor, especially in New York City, about rich people and how they conduct themselves. This man's made more millionaires than anyone in America. And he just is so grateful that people made money with NVIDIA. And I just feel like I gotta say this stuff. He is not the beneficiary. It's everybody he's brought along. A close-up of a colorful high-end graphics card being plugged in to a gaming computer. 'It does feel like there's a let's get it there momentum. I don't like that I like it based on new accelerated computing or something new involving Blackwell or Rubin but it's just on momentum. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
