NVIDIA ‘Years Ahead’ of Competition in Expertise, Investment and Innovation By Investing.com

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By Sam Boughedda

As NVIDIA Corporation (NASDAQ:) hosts its GTC, a global AI developer conference, analysts from across the spectrum provided commentary after CEO Jensen Huang’s keynote and a Q&A with analysts .

An analyst from KeyBanc Capital Markets said in a note that their key takeaways include the company’s announcement of its next-gen RTX 40 gaming GPUs, the Omniverse and progress in recurring revenue growth, with the Hopper H100 in full production, the announcement of the re-architecting of its Atlan next-generation automotive platform, and the company disclosing that Orin has 40 automotive design wins.

“Orin has won 40 automotive design contracts, with a total of $11 billion in the automotive pipeline. Management remains confident with the game trending to return at a $2.5 billion run rate. dollars by Q1, citing the fact that the company has spent the last several quarters looking into the channel and dismissing concerns about crypto cards flooding the market, citing strong enthusiast demand for the RTX 40″ , wrote the analyst, who added that KeyBanc remains rated at overweight and recommends investors buy NVDA.

An Oppenheimer analyst, who has an Outperform rating on Nvidia, said, “Founder & CEO Jensen Huang’s keynote today focused on NVDA’s extensive hardware, accelerated computing, Omniverse, and enterprise AI platform.”

“We believe the game is de-risked, although the mixed business data points present a potential risk to DC. We view the current headwinds as transitory and believe NVDA’s structural growth thesis focused on ‘AI is intact,’ writes the analyst.

Meanwhile, an analyst at Morgan Stanley, which has an Equal-Weight rating and a price target of $182 on the stock, said they “got a glimpse of the pricing tailwinds for the gambling business. , as well as a growing software and services business that will provide customers with a comprehensive offering for AI, simulation development and industrial automation programming.”

“The biggest takeaway for us is the higher price of gaming GPUs, which increases our belief in the pace of gaming revenue recovery next year,” the analyst said. “To be clear, we would have a position here, and we view the stock as a core hold, particularly after the recent selloff, but given the historic multiple contraction during times of data center uncertainty, we would leave room to add to these positions on any weakness in the coming months.”

Finally, an analyst at Rosenblatt Securities, which has a buy rating on Nvidia, said the GTC keynote was strong, as expected.

“The fall version of Nvidia’s GPU Technology Conference or GTC was as expected, jam-packed with product launches/announcements in the areas of silicon, software, applications and systems for all things AI We’re not exaggerating that Nvidia is now all things AI, because the company’s depth of expertise, investment and innovation is years ahead of anyone. “wrote the analyst.

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NVIDIA ‘Years Ahead’ of Competition in Expertise, Investment and Innovation By Investing.com


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