FMP
Jun 3, 2024 4:52 PM - Davit Kirakosyan
Bank of America analysts raised their price target for NVIDIA (NASDAQ:NVDA) to $1,500 from $1,320, while maintaining their Buy rating on the stock.
This target increase follows NVIDIA CEO's keynote speech at the Computex annual computer expo in Taiwan, highlighting new product announcements that reinforce NVIDIA's leadership in AI. Bank of America emphasized the new GB200 NVL2 platform and the MGX modular reference design platform as key developments.
The bank noted that NVIDIA is targeting the creation of large GPU clusters for major hyperscalers by 2026, which could significantly increase unit sales. Additionally, NVIDIA is focusing on mainstream and enterprise AI applications with its smaller NVL2 and modular MGX platforms.
Bank of America believes NVIDIA's clear multi-generational roadmap and extensive product portfolio are crucial growth drivers. NVIDIA remains the bank's top pick in the chipmaker sector.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...