The dictionary definition of “unstoppable” can easily be considered as: Nvidia (NASDAQ:NVDA). The company’s stock has grown strongly, driven the AI-themed market rally, continued to accumulate profits, and delivered one strong performance after another in its financial results over the past year. Since the beginning of the year, Nvidia stock has risen 66% to an all-time high of about $820.
Ivan Feinseth of Tigress Financial, a 5-star analyst ranked in the top 3% of stock pros on the Street, says NVIDIA’s winning streak will soon end as it “remains at the forefront of the ongoing acceleration and tilt.” It is highly likely that this will be the point of AI adoption across industries and businesses, and will continue to drive significant revenue and cash flow growth, as well as further shareholder value creation. ”
Against this backdrop, Feinseth rates NVDA stock a “buy” while raising his price target from $790 to $985, suggesting the stock has room for up to 20% growth over the next year. are doing. (Click here to see Feinseth’s track record)
At the heart of Nvidia’s success is its data center division, which is powered by best-in-class AI chips. In its most recent report for the January quarter, the division’s revenue increased by a whopping 409% year-on-year to a record $18.4 billion. Considering the various collaborations Nvidia offers, we should expect further gains.
These collaborations include partnering with Google to introduce enhancements across Nvidia’s data centers and Google’s open language model, Gemma’s PC AI platform. Additionally, Nvidia expanded Amazon’s strategic partnership with AWS by hosting NVIDIA DGX Cloud on his AWS. Nvidia is expanding its presence in the healthcare space, where opportunities seem a little less obvious. He revealed that Amgen will use NVIDIA DGX SuperPOD to advance insights in drug discovery, diagnostics and consumer healthcare.
Nvidia’s gaming division, once its mainstay but now overshadowed by data centers, is also recovering. Latest report shows gaming revenue increased 56% year over year to $2.9 billion as the company rolled out GeForce RTX 40 SUPER series GPUs enabled by the latest NVIDIA RTX technologies such as DLSS 3.5 Ray Reconstruction It is reported that it did. And NVIDIA Reflex. Nvidia also announced microservices for NVIDIA Avatar Cloud Engine. This allows game and app developers to seamlessly incorporate state-of-the-art generative AI models into non-playable characters. The number of his AI-powered RTX games and applications currently exceeds 500, utilizing NVIDIA DLSS, ray tracing, and other of his NVIDIA RTX technologies. Less than six years after its introduction, NVIDIA RTX has rapidly evolved into a substantial PC platform for generative AI and has been embraced by many users. 100 million gamers and creators.
In summary, Fainseth said Nvidia should become “a core part of the AI investment thesis and one of the best ways to accelerate the adoption of AI across all types of technologies and applications.”
Feinseth isn’t Wall Street’s only NVDA bull. His 37 other analysts joined the bulls, outnumbering his 2 skeptics by a wide margin, all giving it a consensus rating of Strong Buy. The average price target of $886.52 means the stock will trade at a premium of ~8% in a year’s time. (look Nvidia stock price prediction)
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Disclaimer: The opinions expressed in this article are solely those of the featured analysts. Content is for informational purposes only. It is very important to perform your own analysis before making any investment.
