The upcoming launch of Nvidia's Blackwell AI architecture could boost its stock by another 19%, according to Piper Sandler.
Nvidia is a 'most-own' stock, according to Piper Sandler. The investment firm named the semiconductor giant its top large-cap pick, citing the launch of Nvidia's upcoming Blackwell chip and lead within artificial intelligence computing. Analyst Harsh Kumar stood by his overweight rating on the stock and raised his price target to $175 from $140. Kumar's updated price forecast is about 19% above where the stock closed Friday. Year to date, shares have soared 198%.
mountain chart "Our viewpoint is rooted in the belief that the overall for AI accelerators will continue to rise in 2025 by ~$70 billion, and we see NVDA well positioned to capture most of the incremental TAM increase while ceding only a small bit to its merchant chip competitors," the analyst wrote. AI accelerators are components that make artificial intelligence and machine learning applications more efficient.
Stock Markets NVIDIA Corp Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SpaceX to launch 20 Eutelsat OneWeb broadband satellites to space on Oct. 20Elizabeth Howell (she/her), Ph.D., is a staff writer in the spaceflight channel since 2022 covering diversity, education and gaming as well. She was contributing writer for Space.com for 10 years before joining full-time.
Read more »
‘Price of Fame: The Liam Payne Story:’ 20/20 special edition FREE STREAMFind out how you can watch Price of Fame: The Liam Payne Story -- A Special Edition of 20/20 for free if you don't have cable.
Read more »
Simas Lukosius scores 20 as No. 20 Cincinnati beats Arkansas-Pine Bluff 109-54Simas Lukosius scored 20 points, Dan Skillings Jr. added 17 and No. 20 Cincinnati beat Arkansas-Pine Bluff 109-54 in the season opener for both teams. Connor Hickman had 13 points and Jizzle James had 12 for the Bearcats, who had six players score in double figures. Dante Sawyer led the Golden Lions with 11 points.
Read more »
Tesla's deliveries likely in focus after robotaxi eventTesla's deliveries likely in focus after robotaxi event - Piper Sandler
Read more »
Here's why Piper Sandler says a 'new product cycle' could boost this software firmHere's why Piper Sandler says a 'new product cycle' could boost this software firm
Read more »
Piper Sandler says there are 10 reasons to buy this contrarian stockPiper Sandler says there are 10 reasons to buy this contrarian stock
Read more »