https://finance.yahoo.com/news/bank-america-raises-nvidia-pr…
Vivek Arya [Bank of America] reiterated a Buy rating on Nvidia and named it as the top sector pick. The analyst raised the price target from $340 to a Street high of $360, suggesting roughly 36-percent upside from current levels…
…Nvidia’s new Turing GeForce RTX architecture simultaneously supports high-end gaming, AI and pro-viz features in the same chip, the first of its kind, driving significant upside in multiple segments, Arya said in a Tuesday note…
…Pro Viz, Turing’s photoreal rendering, is an $1.5 billion opportunity, in BofA’s view. The sell-side firm expects Turing-based Quadro cards to drive a 15-20 percent-plus annual growth rate in the Pro Viz segment compared to 8-9-percent growth in the consensus estimate…
…Nvidia “already dominates the AI training market, but with the new Turing T4, it is also building a moat in the relatively untapped $20-billion market for inference accelerators,” Arya said.
This came out 2 days ago.
Chris