TECH - For Every $1 Spent On Nvidia Infrastructure Cloud Service Providers Can Earn $5 In GPU Hosting: Analyst | Benzinga
Cantor Fitzgerald analyst C J Muse maintained Nvidia Corp (NASDAQ:NVDA) with an Overweight and raised the price target from $140 to $175.
As Nvidia has grown to be one of the largest market cap companies globally (~$3 trillion), the analyst wants to know how much upside the stock has.
Muse acknowledges that he has yet to witness a more torturous pace of technology innovation and subsequent reduction in the cost of computing, as he noted today. This is all driven by Nvidia and its entire system approach.
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These dynamics are causing a strategic inflection in the proliferation of AI today, with no signs of slowing anytime soon, given accelerating product cycles, continued software innovation, and optimizations across the stack.
This allows for a significant scale out of the computing unit, as per Muse. With this rapid pace of innovation, Nvidia is only strengthening its already-robust moat, forcing competitors into playing an ongoing game of catch-up.
Based on the above and ...