2024-04-08 14:50:03 ET
Summary
- Nvidia has ascended to a $2.2 trillion market cap, becoming a key player in AI chip design and dominating 90% of the AI data center market.
- NVDA has exceeded our ambitious $905 target, affirming its robust position and growth in the AI and gaming sectors. It is now setting sights on reaching between $1,165 and $1,635.
- Nvidia diversifies by investing in AI ventures like SoundHound AI and advancing its CUDA interface, navigating challenges from client dependency and competitors like AMD and Intel.
- Nvidia's record-breaking revenue and earnings growth, driven by its dominance in AI chip design, position it for continued success in the market.
Investment Thesis
NVIDIA Corporation ( NVDA ) has been the wonder of the past 12 months, becoming a household name amid the artificial intelligence ("AI") revolution. Over a short period, it has become a trillion-dollar empire designing and developing chips that make AI work. Following the rally, Nvidia has become the third largest company behind Apple (AAPL) and Microsoft (MSFT), reaching a market cap of over $2.2 trillion ....
Read the full article on Seeking Alpha
For further details see:
Nvidia's Technical Road To $1,165