Bank of America (NYSE: BAC) recently raised its price target on Nvidia’s shares to 900, stating that the chipmaker is well. The average analyst price target is $685.43, which implies 14.3% upside potential to current levels. NVDA stock will begin trading on a split-adjusted basis on July 20. Nvidia’s shares have gained 72% over the past year, while the stock still scores a Strong Buy consensus rating based on 24 Buys and 2 Holds. We see several structural tailwinds driving sustained outsized top-line growth: gaming, data center/ AI accelerators, and autonomous vehicles.” Nvidia ( NVDA) shares rose Friday after the semiconductor maker announced a 4-for-1 stock split to make it easier for employees and outside investors to buy shares. Through its Mellanox acquisition, NVDA expanded its DC footprint from AI-accelerators to providing highspeed networking interconnects. Report) announced a 4-for-1 stock split in late July 2020 to shareholders of record August 31.Shares ran up from 95 to 134 ahead of the. Today, its parallel processing capabilities, supported by thousands of computing cores are essential for deep learning AI algorithms in data centers. The GPU was initially used to create graphics for video games and film. The Companys Common Stock will begin trading on a split-adjusted basis when the market opens on the Effective Date and will remain listed on The Nasdaq. Some companies split their stock price every few years, providing they show constant growth, while others refuse to split their shares, no matter how high the. Schafer said, “Nvidia has transformed from a graphics company to becoming a premier leading AI computing platform company. In its most recent Q4 earnings report, the company reported full-year 2021 revenue and earnings of $16.68 billion and $10 per share, up 53% and 73% year-over-year respectively.Īnticipating a robust performance in the upcoming Q1 report, Oppenheimer analyst Rick Schafer maintained a Buy rating on the stock with a price target of $700, which implies 16.7% upside potential to current levels.
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