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--NVIDIA Sets 10-For-1 Forward Stock Split, Effective June 7
$1000+ already
$NVDA Earnings:
- Rev: $26B vs. 24.6B est ✅
- EPS: +6.12 vs. +5.58 est
Beat on all
Buy!
It's soon no doubt
By end next week
McKenzie Webster out with highest new target: $1,500
Jim Cramer and Ken Fisher Love These 5 Stocks
Published on May 14, 2024 at 8:56 am by FAHAD SALEEM in Hedge Funds, News
3. NVIDIA Corp (NASDAQ:NVDA)
Ken Fisher’s Stake: $8,252,596,105
Cramer has been reiterating his bullish take on NVIDIA Corp (NASDAQ:NVDA), albeit with a rather dampened mood and enthusiasm. Recently, Cramer said that he still believes NVIDIA Corp (NASDAQ:NVDA) is a stock to hold, not trade.
CICC Adjusts Price Target on NVIDIA to $1,000 From $870, Keeps Outperform Rating
05:26:27 AM ET, 05/14/2024
Wells Fargo Adjusts Price Target on NVIDIA to $1,150 From $970, Keeps Overweight Rating
05:44:11 AM ET, 05/14/2024 - MT Newswires
Understand the concern but would be years away
Nvidia Stock Analysis: Why Betting Against Overachieving NVDA Is a Fool’s Errand
May 13, 202406:00 EDT
NVDA
+1.27%
Amazingly, there are still bearish holdouts who, despite all of the available evidence, continue to bet against Nvidia
NVDA
. The opportunity to generate revenue from artificial intelligence compatible processors isn’t just a fad. Nvidia stock gets an “A” grade for advancing AI hardware technology in 2024.
Nvidia has an earnings report and conference call coming up on May 22. This will be an exciting event, but you don’t have to wait until May 22 to start a share position in Nvidia. After all, you can pick any day in May to invest in an overachiever like Nvidia.
This Is a Positive Sign for Nvidia
How strong is the demand for AI-enabled hardware? Here’s a news item that should help to answer this question. According to Reuters, South Korea-based SK Hynix disclosed that its “high-bandwidth memory chips used in AI chipsets were sold out for this year and almost sold out for 2025.”
This is relevant because SK Hynix is a supplier to Nvidia. Furthermore, these HBM chips are selling like hot cakes “as businesses aggressively expand artificial intelligence services.”
Reuters also mentioned that Nvidia commands around 80% of the AI-chip market. That’s astonishing, if you really think about it. And clearly, it’s a great market for Nvidia to be involved with.
When a major supplier like SK Hynix has products that are flying off the shelves (figuratively speaking), it’s hard not to be long-term bullish about Nvidia stock.
Preparing for a ‘New Era’ With Nvidia
Nvidia’s AI conference for developers, known as GTC, took place recently and Nvidia didn’t disappoint eager tech-product aficionados. At the GTC event, Nvidia unveiled its cutting-edge Blackwell graphics processing unit architecture.
The company expects Blackwell to “power a new era of computing.” Nvidia CEO Jensen Huang declared that Blackwell is the “engine to power” the “new industrial revolution” of generative AI.
This isn’t empty boasting. Per TheStreet, Nvidia stated that Blackwell will “enable organizations to build and run real-time generative AI on trillion-parameter large language models.”
Plus, the company claims that Blackwell will achieve this “at up to 25 times less cost and energy consumption than its predecessor.”
With the new Blackwell architecture coming down the pipeline, Nvidia’s already ultrapowerful H100 chips could soon be yesterday’s news. It’s another example of Nvidia topping itself, since evidently no competitor can top Nvidia.
Be an Overachiever Investor With Nvidia Stock
If you can be any type of investor, why not be an overachiever investor? It’s entirely possible if you stick to overachieving companies like Nvidia. As we’ve seen, the demand for AI-compatible processors is intense — and Nvidia is stepping up to the plate with top-tier products.
Blackwell will be Nvidia’s latest game changer in the AI-hardware category. After that, we’ll all just have to wait and see what amazing products Nvidia unveils next.
So, there’s no wait for Nvidia’s upcoming earnings event to get involved. Investors should conduct their due diligence and take action when they’re ready to do so, and Nvidia stock absolutely deserves a confident “A” grade .
On the date of publication, Louis Navellier had a long position in NVDA. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article.
The InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.
04:09 AM EDT, 05/13/2024 (MT Newswires) -- Nvidia (NVDA) said Monday it will use its open-source CUDA-Q platform to power quantum processing units at national supercomputing centers in Germany, Japan and Poland.
Germany's Julich Supercomputing Center is installing a quantum processing unit that uses Nvidia's GH200 Grace Hopper chip for chemical simulations and other uses.
Japan's National Institute of Advanced Industrial Science and Technology's ABCI-Q supercomputer is also using Nvidia Hopper architecture to research applications in AI, energy and biology, the company said.
Poland's Poznan Supercomputing and Networking Center recently installed two photonic quantum processing units connected to a new partition powered by Nvidia's Hopper for use in applications that include biology, chemistry and machine learning.
Nvidia also said Monday that nine new supercomputers worldwide are using its Grace Hopper chips for processing power, including new supercomputers coming online in Illinois, Texas, France, Poland, Switzerland, Germany and Japan.
NVIDIA Grace Hopper Ignites New Era of AI Supercomputing
NVDA | 4 hours ago
From Climate and Weather to Scientific Exploration, Switzerland’s Alps Supercomputer, France’s EXA1-HE Supercomputer and Others to Deliver 200 Exaflops of AI for Groundbreaking Research Using Energy-Efficient Grace-Based Systems
HAMBURG, Germany, May 12, 2024 (GLOBE NEWSWIRE) -- ISC—Driving a fundamental shift in the high-performance computing industry toward AI-powered systems, NVIDIA today announced nine new supercomputers worldwide are using NVIDIA Grace Hopper™ Superchips to speed scientific research and discovery. Combined, the systems deliver 200 exaflops, or 200 quintillion calculations per second, of energy-efficient AI processing power.
New Grace Hopper-based supercomputers coming online include EXA1-HE, in France, from CEA and Eviden; Helios at Academic Computer Centre Cyfronet, in Poland, from Hewlett Packard Enterprise (HPE); Alps at the Swiss National Supercomputing Centre, from HPE; JUPITER at the Jülich Supercomputing Centre, in Germany; DeltaAI at the National Center for Supercomputing Applications at the University of Illinois Urbana-Champaign; and Miyabi at Japan’s Joint Center for Advanced High Performance Computing — established between the Center for Computational Sciences at the University of Tsukuba and the Information Technology Center at the University of Tokyo.
CEA, the French Alternative Energies and Atomic Energy Commission, and Eviden, an Atos Group company, in April announced the delivery of the EXA1-HE supercomputer, based on Eviden’s BullSequana XH3000 technology. The BullSequana XH3000 architecture offers a new, patented warm-water cooling system, while the EXA1-HE is equipped with 477 compute nodes based on Grace Hopper.
“AI is accelerating research into climate change, speeding drug discovery and leading to breakthroughs in dozens of other fields,” said Ian Buck, vice president of hyperscale and HPC at NVIDIA. “NVIDIA Grace Hopper-powered systems are becoming an essential part of HPC for their ability to transform industries while driving better energy efficiency.”
In addition, Isambard-AI and Isambard 3 from the University of Bristol in the U.K. and systems at the Los Alamos National Laboratory and the Texas Advanced Computing Center in the U.S. join a growing wave of NVIDIA Arm-based supercomputers using Grace CPU Superchips and the Grace Hopper platform.
Sovereign AI
The drive to construct new, more efficient, AI-based supercomputers is accelerating as countries around the world recognize the strategic and cultural importance of sovereign AI — investing in domestically owned and hosted data, infrastructure and workforces to foster innovation.
Bringing together the Arm-based NVIDIA Grace CPU and NVIDIA Hopper™ GPU architectures using NVIDIA NVLink®-C2C interconnect technology, GH200 serves as the engine behind scientific supercomputing centers across the globe. Many centers are planning to go from system installation to real science in months instead of years.
Isambard-AI phase one consists of an HPE Cray EX2500 supercomputer with 168 NVIDIA GH200 Superchips, making it one of the most efficient supercomputers ever built. When the remaining 5,280 NVIDIA Grace Hopper Superchips arrive at the University of Bristol’s National Composites Centre this summer, it will increase performance by about 32x.
“Isambard-AI positions the U.K. as a global leader in AI, and will help foster open science innovation both domestically and internationally,” said Simon McIntosh-Smith, professor of high-performance computing at the University of Bristol. “Working with NVIDIA, we delivered phase one of the project in record time, and when completed this summer will see a massive jump in performance to advance data analytics, drug discovery, climate research and many more areas.”
Accelerating Scientific Discovery
NVIDIA’s accelerated computing platform comprises NVIDIA Hopper architecture-based GPUs, NVIDIA Grace CPU Superchips, NVIDIA Grace Hopper Superchips, NVIDIA Quantum-2 InfiniBand networking and a full suite of NVIDIA AI and HPC software.
Nvidia rivals gold as shield against inflation, survey shows
THE biggest US tech stocks are not only a bet on innovation but also a possible hedge against inflation, according to some respondents in the latest Bloomberg Markets Live (MLIV) Pulse survey.
Gold, the haven of choice for decades, is still seen as the best safeguard against the risk of rising prices, according to 46 per cent of survey participants. But nearly a third said the tech behemoths are their first pick for the role.
Why this stock picker only recently bought NVIDIA (and why he's never owned Tesla)
In this episode of The Pitch, concentration is the game and working out the winners among the leaders is the challenge.
Hans Lee
Livewire Markets
There are market darlings, and then there is NVIDIA (NASDAQ: NVDA). The company, which designs chips for powering graphics and high-performance computing, is widely considered to be the company that will have the first and largest advantage in harnessing the artificial intelligence (AI) mega-trend. Its stock price is up over 70% year-to-date and in the past 12 months, it's up well over 190%.
If you've tried to bet against this stock either through deliberate shorting or just not owning it, it's been a very painful ride.
It's certainly been like that for Chris Smith and his team at Intermede Investment Partners. Intermede's portfolio, which has owned most of the Magnificent Seven for a long time, prides itself on finding high-quality global companies that can deliver consistent, double-digit earnings growth. But they never owned NVIDIA until two months ago.
So naturally, the question begs - Why?
"The more we thought about it, the more we felt comfortable with the fact that this is just more than a hardware company making a fast chip. There is a whole ecosystem around that and barriers to entry are quite high," Smith said before adding:
"We had been behind the curve on estimating the potential for this business and we decided to go with our upside case rather than our base case."
In this edition of The Pitch, Smith shares his thoughts on the Magnificent Seven and stock market concentration more generally. He also gives his views on some of the fund's portfolio holdings and recent earnings. Finally, he shares his thoughts on the two Mag7 companies they don't own - Apple (NASDAQ: AAPL) and Tesla (NASDAQ: TSLA).
EDITED TRANSCRIPT
Does all this concentration (and the hype around these stocks) worry you?
It is a different era, I would say. The Magnificent Seven are making up a larger and larger portion of the market. When we started 10 years ago, there wasn't a security in the market that was more than 2% of the benchmark. Now, we have several that are close to 5%. It has changed the way we manage the portfolio to some extent.
I think when you look at that Magnificent Seven group, most of them are delivering. It is justified by the moves that they've had in stock price. You have earnings growth growing mid-teens or better for most of them. Some are growing well into the 20's. You have revenue growth well into double digits for most of them.
You have multiples on some of these stocks that are below market average, less than 20 times on Meta (NASDAQ: META), and less than 20 times on Alphabet (NASDAQ: GOOGL). There's still pretty good value across the space. We do invest in quite a number of them.
Does this new paradigm you speak of change the way you perceive them as investment opportunities?
It does make it very critical that you have a view of all of these companies. Certainly missing out on one of them that's doing quite well can be very painful as a manager. There are a couple of examples that we might talk about. Nvidia (NASDAQ: NVDA) is one of them, that we didn't have last year. You do have to be very aware of these key names, and you have to have a view.
What has been the most interesting takeaway from earnings season so far?
I think the tech earnings have been interesting. You've seen revenue growth going quite well. You've seen it increasing contribution from AI. There's a lot of concern about all this capital going in. What kind of contribution are we getting? I think Microsoft (NASDAQ: MSFT) demonstrated that a lot of their Azure growth is coming from AI. They're seeing a good boost from that.
Amazon (NASDAQ: AMZN) as well as seeing some good uptick from AI. You saw an increase in AWS growth, the cloud part of the business, that they just reported very recently. That's partly driven by AI. I think it's pretty amazing. But you've seen CAPEX budgets that are already expected to be growing very significantly this year were pushed even higher for some of the big companies like Microsoft and Alphabet. More than 50% growth year over year, coming off already quite high levels. A lot of that is going to AI and that's the sort of thing we've been following.
Meta (NASDAQ: META) was the one that was viewed as a disappointment. They have been having this year of efficiency that's given them a lot of benefits. You saw a lot of margin expansion. Now, they're investing again, this time in AI. Hopefully, that turns out into something. It is a name that we have in the portfolio.
You only just bought NVIDIA in the last couple of months. Why did you buy it now?
It is a bit painful to buy a stock that's up that much, no question about that. But the more we thought about it, the more we felt comfortable with the fact that it's more than just a hardware company making a fast chip at the moment. There's a whole ecosystem around that. Barriers to entry in this space we think are quite high. The growth can be sustained given we've seen CAPEX budgets being increased on top of increases from a couple of months ago. That money is flowing to NVIDIA.
We had been behind the curve, I would say, on estimating the potential for this business. We decided to go with our upside case on the stock rather than our base case. On that basis, we had a 20% plus upside, which is what we look for to enter a name. We are still below benchmark weight, so we are being a little bit conservative on that. But it is one of our favourite names in the sector. We felt we couldn't keep betting against it, and effectively being short the stock.
NVIDIA Sparks Rumors to Beat Rivals in Mellanox Buyout Race
Zacks Equity Research
11 March 2019
Per Israeli newspaper Calcalist’s recent report, NVIDIA NVDA is in talks to acquire fabless semiconductor firm Mellanox Technologies MLNX.
Further, Reuters estimates this deal to be valued at around $7 billion in cash, details of which are expected to be confirmed soon.
The chip giant has reportedly outbid Intel INTC, Microsoft MSFT and Xilinx in the auction of Mellanox. Intel reportedly bid $6 billion for Mellanox in January 2019 but current reports claim NVIDIA to have offered 10% more.
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According to Reuters, this biggest-ever acquisition by NVIDIA would help the company boost its business of chip making for datacenters, thereby reducing its heavy dependence on the gaming industry.
Why Mellanox
Mellanox with a current market cap of $5.93 billion provides interconnect products and solutions based on the Ethernet and InfiniBand technologies. Its customers include datacenter owners and also the companies, which build datacenter. Notable clients include Alibaba, JD.com, Dell and Hewlett Packard Enterprise.
In 2018, Mellanox’s revenues of $1.088 billion grew 26% year over year. While Ethernet’s soared 54% to approximately $618 million, InfiniBand’s increased 8% year over year to $438 million.
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Mellanox is benefiting from solid demand for its Gigabit EDR solutions in machine learning, artificial intelligence, high-performance computing, database, storage and more. Further, robust demand for Mellanox’s InfiniBand solutions is a key catalyst.
The company is one of the major suppliers of 25, 40, 50 and 100GB Ethernet adapters, switches and cables to the market today. In fact, per Crehan research estimates, Mellanox had a market share of 69% in the high-speed Ethernet adapter business during third-quarter 2018, leaving Intel, Broadcom and other peers trailing.
What it Means for NVIDIA
Having impressed investors with a stellar performance in the last couple of years, NVIDIA has been witnessing a downward trend since last October, thanks to a slowdown in its gaming segment.
ADVERTISEMENT
Post the crypto mining bubble burst, NVIDIA was overly optimistic that demand for its GPUs will shift from crypto miners to gamers, which will boost its gaming business revenues and offset the revenue loss from miners. However, contrary to its belief, demand from gamers failed to grow rapidly to compensate the soft cryptocurrency-related requirement, taking a severe toll on the company.
The company’s focus on branching out its operations in other markets is therefore prudent in our view. According to NVIDIA, its High-Performance Computing (HPC) and datacenters are expected to witness tremendous growth over the long haul.
The acquisition of Israel-based Mellanox would thus help NVIDIA consolidate its datacenter business. Notably, for the past nine years, the company has been active in Israel by either selling its processors locally or buying stakes in startups or setting up a research and development unit.
NVIDIA opened an R&D center in Israel during 2017 that currently employs 20-30 people. The company announced last October that it plans to launch a new research center in Tel Aviv, which will focus on AI.
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NVIDIA Corporation Revenue (TTM)
NVIDIA Corporation Revenue (TTM) | NVIDIA Corporation Quote
NVIDIA (NVDA) PT Raised to $1,350 at HSBC, 'NVL36/NVL72 server rack pricing power major driver in 2025
Despite its high valuation, Nvidia is undervalued, says Clare Pleydell-Bouverie
bookmarked
Tech’s AI Spending Spree May Be Bigger Than You Think
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Tech’s AI Spending Spree May Be Bigger Than You Think
It’s early days for AI. So, naturally, there are lots of unanswered questions – and one of the big ones is about how much companies will spend on the technology. A team of researchers at Morgan Stanley attempted to answer that, by checking out the capital expenditure (capex) plans of some of the world’s biggest spenders.
Now, the investment bank was already bullish on AI before the latest quarterly results dropped. But it really leaned into its livestock ways after checking out the capex plans of the market’s biggest players – think: Microsoft, Meta, Alphabet, Amazon, and Tesla. When it refreshed its model with the updated data, it concluded that a cloud capex “supercycle” is set to begin this year.
Morgan Stanley’s “cloud capex tracker” now predicts 44% spending growth in 2024 from last year – well outpacing the 26% the model was forecasting just a couple of months ago. And it’s a positively massive acceleration from the tiny 2% growth in spending seen in 2023. That’s a big deal for the supply chain.
Top ten cloud providers (excluding Amazon): capital expenditures annual growth estimates, before and after the companies’ recent quarterly results. Note that Amazon was left out here because much of its spending goes toward building its ginormous logistics centers. Sources: company earnings reports, Refinitiv, Morgan Stanley.
Top ten cloud providers (excluding Amazon): capital expenditures annual growth estimates, before and after the companies’ recent quarterly results. Note that Amazon was left out here because much of its spending goes toward building its ginormous logistics centers. Sources: company earnings reports, Refinitiv, Morgan Stanley.
And it’s not exactly a one-time spending spree: further growth is expected through 2030. Morgan Stanley’s model forecasts that 2030’s global cloud AI capex will reach $300 billion – with $230 billion spent on semiconductors and $70 billion on hardware.
The planned increased spending is good for Nvidia and other companies across the AI supply chain. That’s a huge part of the reason why Nvidia has been moving sharply higher ahead of its May 22 quarterly update, as traders increasingly expect big things. Let’s look at some of the capex plans from the big spenders:
Meta’s planning to spend as much as $40 billion this year, up from its previous $37 billion plan, as the company speeds its investment to support its AI roadmap. And the Facebook and Instagram parent expects this to be the beginning of a multiyear cycle.
Microsoft’s total capex was $14 billion in the first quarter, and the company said it expects it to rise significantly next quarter and next year.
Alphabet’s not exactly tightening its purse strings – Google’s parent said its quarterly capex will match or exceed the first quarter’s $12 billion, suggesting an increase of at least 50%, compared to last year.
Baird Raises Price Target for NVIDIA Corporation (NASDAQ: NVDA) on Upbeat AI Demand
In a recent development, Baird, a prominent financial services firm, has reinforced its positive outlook on NVIDIA Corporation (NASDAQ: NVDA), adjusting its price target upward to $1,050 from the previous $750.
While maintaining an Outperform rating on the stock, the firm cited robust demand for NVIDIA’s artificial intelligence (AI) solutions as a primary driver behind the adjustment.
Baird’s analysis and catalysts
Baird’s research findings underscored the continued strong demand for NVIDIA’s AI solutions, particularly emphasizing accelerating enterprise customer momentum. The forthcoming Blackwell architecture was highlighted as a significant catalyst for a substantial performance boost in NVIDIA’s offerings.
Additionally, the firm anticipates a rise in average selling prices (ASPs) and noted Taiwan Semiconductor Manufacturing Company’s (TSMC) efforts to double its CoWoS (Chip on Wafer on Substrate) capacity, which is expected to enhance supply in the latter half of 2024.
Baird’s analysis indicated that NVIDIA’s GH200 performance surpasses the combined x86 processor and H100, increasing engagements with hyper scalers and high-performance computing (HPC) original design manufacturers (ODMs). The enduring dominance of NVIDIA’s CUDA ecosystem was identified as a significant competitive advantage for the company.
Bull case for Nvidia remains strong, says Cantor Fitzgerald’s CJ Muse
CJ Muse, senior managing director of Cantor Fitzgerald, joins CNBC’s ‘The Exchange’ to discuss why he’s bullish on Nvidia, how Fed rate scenarios could impact the stock market, and more.
Bookmarked
Undervaluing Nvidia Stock Was a Mistake, Says Top Investor
Marty Shtrubel
May 07, 2024, 01:59 PM
There’s nothing wrong with admitting you were wrong. In fact, admission of a previous erroneous take can come in quite handy in the stock market. Rather than double down on a thesis that has proven to be incorrect and risk missing out on an opportunity, it’s best to make a U-turn and get in while you still can.
That, essentially, is the take offered by JR Research, a 5-star investor rated in the top 1% of the market stock pros, when looking at Nvidia (NASDAQ:NVDA).
Over the past year, Nvidia shares have experienced significant gains, driven by a series of earnings reports that have showed enormous growth and profits. Initially, JR Research viewed the market’s high expectations skeptically. Yet, having witnessed its dominance and how it has cemented its status as the “King of AI chips,” JR concedes he has underestimated the chip giant’s positioning.
“I must admit that I’ve gotten my bearish ratings on Nvidia consistently wrong over the past year, as I anticipated that Wall Street analysts were too optimistic,” the 5-star investor said. “As a result, I have reassessed my thesis to try and understand the bullish optimism underpinning NVDA stock, as I believe the market is always right (but analysis can be faulty).”
The proof really is in the pudding, borne out by the fact Nvidia has cornered the AI chip market, boasting a 90% share. Additionally, its full-stack approach consisting of chips, networking, and software should help keep at bay the challenge to its dominance posed by rivals such as AMD and Intel.
While it’s true NVDA is not cheap and never really has been, it still has a “markedly lower valuation than AMD,” which can partially explain why AMD shares have retreated significantly recently while NVDA shares haven’t suffered the same fate. Additionally, the fact AMD offered a cautious outlook on its recent earnings call suggests Nvidia “should retain the upper hand for some time.”
Add in the prospect of sustaining its growth trajectory via different levers – the new Blackwell architecture, growing sovereign AI demand from the Middle East, the launch of Nvidia AI Microservices – and JR concedes his “bearish thesis on NVDA can no longer be sustained.”
Accordingly, JR upgraded his NVDA rating from Sell to Buy. (To watch JR Research’s track record, click here)
That new assessment sits well with Wall Street’s overall take. NVDA stock boasts a Strong Buy consensus rating, based on 39 Buys vs. 2 Holds. The average target stands at $1,005.59, implying shares have room for ~11% growth in the year ahead.
That would be a huge mistake
Buy Alert: The Run In Nvidia Stock Has Only Just Begun
May 7, 202406:00 EDT
NVDA
+3.77%
C
+2.10%
The amazing thing about Nvidia
NVDA
stock isn’t that it has risen 2,000% in the last five years, it’s that the share price has further to go from here. So far this year, Nvidia stock has gained 84%, making it the second best performing stockin the benchmark S&P 500 index.
In the last 12 months, the share price has more than tripled, giving the company a $2.22 trillion market capitalization and leading it to be profiled on the TV show 60 Minutes. Yet for all its success, analysts still see further upside ahead for the chipmaker that controls about 75% of the global market for artificial intelligence microchips.
Bullish Outlook for NVDA Stock
Despite the incredible run in it share price and the fact that the stock is trading at 72 times future earnings estimates. The 41 professional analysts that rate NVDA stock give it a “strong buy” recommendation and an average price target that is 15% above current levels.
Many analysts are pounding the table for NVDA stock now as it has paused its rally over the last month (up just 0.88%) since the start of April. Analysts are urging investors to buy before the rally in Nvidia stock returns with full force.
Analysts at Citigroup
C
, for example, recently added Nvidia to a “90-day catalyst watch.” This came based on expectations that earnings reports from other chipmakers and memory suppliers will lift the stock, along with the 60 Minutes piece, and an update from CEO Jensen Huang at the Computex Taiwan conference in June.
The Citigroup analysts note that Nvidia’s stock suffered its biggest pullback in over a year during April, though the share price is now starting to quickly recover.
Market Dominance
What has analysts engaged isn’t just Nvidia’s world beating dominance of the AI chip sector, but that fact that the company is rolling out new AI chips at a blistering pace that is likely to keep it ahead of its competitors for years to come.
In March, Nvidia unveiled its next generation AI microchips at a heavily attended developer conference. CEO Huang introduced the new AI graphics processors during a town hall speech, calling them the “Blackwell” series.
The first Blackwell chip, called the “GB200,” is scheduled to ship later this year and will eventually replace Nvidia’s current generation of H100 chips that power AI applications and models and are in demand the world over.
The company’s Blackwell chips, such as the GB200, offer a huge performance upgrade for AI companies, says Nvidia’s management team. The additional processing power will enable companies to train bigger and more sophisticated AI models going forward. One of the new chips is expected to cost$30,000 to $40,000. Preorders have been huge.
Buy Nvidia Stock
Investors needn’t worry that they’ve missed the rally in Nvidia’s stock. The company’s share price can be expected to continue rising as sales of its AI chips gather steam and more powerful versions of the company’s chips come to market.
Despite the explosive rally in recent years, analysts see more gains ahead and remain bullish on Nvidia’s business and its future outlook. Investors should remain bullish too. Nvidia stock is a buy.
OCULIS HOLDING AG 2024 Annual Meeting
Vote by ?May 28, 2024?.
As a shareholder in OCULIS HOLDING AG, you have the right to vote in an important election that may affect your investment. Don't miss your chance to make your choice.
Control number: ?5143300656873184?
Account number: ?#####783?
Meeting date: ?May 29, 2024?
Earnings on Thursday
OCS; XICE: OCS) (“Oculis” or the “Company”) a global biopharmaceutical company purposefully driven to save sight and improve eye care, today announced that Oculis’ management will be attending and presenting at the Bank of America Healthcare Conference taking place on May 14-16, 2024 in Las Vegas, NV.
Riad Sherif, M.D., Chief Executive Officer of Oculis, will deliver a company presentation on Wednesday, May 15th at 11:20am PT at the Encore Hotel. A live webcast of the presentation will be available here.
The Company will be available for one-on-one meetings during the conferences. Interested investors should contact their Bank of America representative to request meetings. A link to access company presentation, when available, will be posted to Oculis website on the Events & Presentation page under the Investors & Media section.
About Oculis
Oculis is a global biopharmaceutical company (Nasdaq: OCS; XICE: OCS) purposefully driven to save sight and improve eye care. Oculis’ highly differentiated pipeline comprises multiple innovative product candidates in development. It includes OCS-01, a topical eye drop candidate for diabetic macular edema (DME) and for the treatment of inflammation and pain following cataract surgery; OCS-02, a topical biologic anti-TNFa eye drop candidate for dry eye disease (DED) and for non-infectious anterior uveitis; and OCS-05, a disease modifying candidate for acute optic neuritis (AON). Headquartered in Switzerland and with operations in the U.S. and Iceland, Oculis’ goal is to improve the health and quality of life of patients worldwide. The company is led by an experienced management team with a successful track record and is supported by leading international healthcare investors.
For more information, please visit: www.oculis.com
Oculis Contacts
Ms. Sylvia Cheung, CFO
Goldman Sachs Adjusts Price Target on NVIDIA to $1,100 From $1,000, Keeps Buy Rating
05:40:16 AM ET, 05/07/2024 - MT Newswires
05:40 AM EDT, 05/07/2024 (MT Newswires) -- NVIDIA (NVDA) has an average rating of buy and price targets ranging from $620 to $1,400, according to analysts polled by Capital IQ.
Reuters Videos
Nvidia can grow earnings significantly -CIO
Reuters Videos
Updated Mon, May 6, 2024 at 4:32 PM EDT
STORY: "So the stock has had a huge run, mainly because of earnings being up a lot. So if you look at revenue a year ago was about 25 billion for the data center segment and now that's 100 billion. So the run up has really just been commensurate with the increase in earnings... So we believe based on our research and the companies we speak to across the value chain that there is still a lot of opportunity for these earnings to go higher," said Delevska.
Reasons why Nvidia could see more upside in the months ahead with top strategist
Adam Johnson, founder and author at Bullseye Brief, joins BNN Bloomberg to discuss his view on markets. Johnson says sectors such as Utilities could see upside in case of a Trump victory given a Trump administration would be less inflationary. He also discusses why he expects more upside for Nvidia even as the stock has risen 90 per cent year to date.
This soars past $1000 by end of week after next
Split incoming
Nvidia and Microsoft: Mizuho Chooses the Best AI Stocks to Buy in May
Michael Marcus
May 05, 2024, 06:11 PM
Artificial intelligence, especially the newer generative AI technology, made a splash when it hit the scene, and we’re still watching to see just how the waves will break. In the tech world, innovators and companies are working to adapt and incorporate AI into their businesses – but for investors, the question is, how to cash in?
The top analysts at investment firm Mizuho are working to answer that question, and to give a set of concrete recommendations on the best AI stocks to buy in this month of May. And, their answers shouldn’t surprise us; they see market-leading companies reaping solid gains from AI, building on the combination of their existing positions, their existing work in AI, and the potential profits going forward.
Specifically, the analysts are recommending Nvidia (NASDAQ:NVDA) and Microsoft (NASDAQ:MSFT), two of the largest companies on Wall Street, each valued at more than $2 trillion by market cap. These are big names in the tech world, leaders in their niches, and they have proven records for generating profits and returns. Let’s take a closer look at them, through Mizuho’s lens, to find out what investors can expect for the months to come.
We’ll start with Nvidia, the fast-rising leader of the semiconductor chip industry. Nvidia’s stock has gained an amazing 222% over the past year and become one of just four Wall Street firms valued at more than $2 trillion. Nvidia’s sustained gains have come on the back of its dominance in the realm of AI-capable processor chips. The company invented the GPU chip back in 1999, as a high-end processor aimed at the graphics-intensive computer gaming market. The chips proved adaptable and became popular with professional graphic designers. More recently, Nvidia’s GPUs found widespread use in the data center industry and in AI applications.
The close link between Nvidia and AI tech is illustrated by the company that brought us the current generative AI wave, OpenAI. The AI company is an important customer for Nvidia, and just last month, the two companies publicized Nvidia’s release of the new DGX H200 chip to OpenAI. The H200 is Nvidia’s successor product to the successful H100 AI supercomputer chip and represents a substantial increase in high-performance computing capacity.
Nvidia’s business is much wider than just OpenAI, however. The company has collaborations with both Google and Amazon, providing AI-capable hardware to support Google’s open language models and Amazon’s popular AWS subscription cloud. The company released multiple AI-capable products in its last fiscal quarter and provides support for the US government’s National Artificial Intelligence Research Resource program. Nvidia is pursuing its AI business through multiple lines, ensuring that the company does not depend on just one customer.
On the financial side, Nvidia realized $22.1 billion in revenue during its last reported quarter, fiscal 4Q24. That figure was a company record, beating the forecast by $1.55 billion, and representing year-over-year growth of 265%. Of the total, $18.4 billion came from the AI-related data center segment, a figure that made up 83% of the total. The data center business was up 409% from the prior year.
These strong revenues led to strong earnings, with a quarterly non-GAAP EPS result of $5.16. The EPS was up 486% year-over-year and was 52 cents per share better than had been anticipated.
For Mizuho’s 5-star analyst Vijay Rakesh, Nvidia presents a series of strong opportunities, and has high potential to outperform its competition.
“NVDA remains the primary AI/data center accelerator player with strong 90%+ market share, well ahead of main competitors AMD, which is ramping MI300, and Intel, which is shipping Gaudi2/ramping Gaudi3. AI server penetration remains a rather small portion of the overall server market at we believe just ~1% in 2023, with expectations for AI server penetration to potentially reach 11% by 2027E. We believe NVDA should maintain its strong share position as the market leader following the launch of B100 later this year, driving 2.5-6x performance improvements with ASPs up just 25-30% over H100, as NVDA sees Gen AI as a $100T market with greenfield projects from customers driving $250B of investments per year, as well as $250B of brownfield investments,” Rakesh opined.
Rakesh goes on to give NVDA shares a Buy rating, with a $1,000 price target that implies a one-year upside potential of ~13%.
Overall, it’s clear that Mizuho’s upbeat rating is no outlier – Nvidia stock has picked up 41 recent analyst reviews, including 39 Buys and 2 Holds, for a Strong Buy consensus rating. The stock is selling for $887.89, and its $1,005.59 average target price suggests it will gain 13% in the year ahead.
Just realized. Personally i believer we'll cross $1500 this year, probably a split around $1000
Wall Street Analysts Predict a 37.56% Upside in Nvidia (NVDA): Here's What You Should Know
Zacks Equity Research
September 14, 2023
4 min read
Nvidia (NVDA) closed the last trading session at $454.85, gaining 4.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $625.68 indicates a 37.6% upside potential.
The mean estimate comprises 34 short-term price targets with a standard deviation of $112.71. While the lowest estimate of $460 indicates a 1.1% increase from the current price level, the most optimistic analyst expects the stock to surge 141.8% to reach $1,100. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
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However, an impressive consensus price target is not the only factor that indicates a potential upside in NVDA. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Here's What You Should Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
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They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why NVDA Could Witness a Solid Upside
There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There’s always two sides but ai can do a lot of good as long as society weeds out bad actors and ai checks ai
In a “staggering” revelation, Meta AI chief Yann LeCun confirmed that Meta has obtained $30 billion worth of NVIDIA GPUs to train their AI models. Enough to run a small nation or even put a man on the moon in 1969.
Speaking at the Forging the Future of Business with AI Summit organised by Imagination in Action, LeCun said that more variations of Llama-3 would be out over the next few months, with training and fine-tuning currently taking place.
“Despite all the computers we have on our hands, it still takes a lot of time to fine-tune, but a bunch of variations on those models are going to come out over the next few months,” he said.
Speaking of fine-tuning and training, host John Werner stated that Meta had bought an additional 500,000 GPUs from NVIDIA, taking the total number of NVIDIA GPUs up to a million, with a retail value of $30 billion.