Nvidia's (NVDA) stock price has been a warpath in the past two years, skyrocketing over 500% within that timeframe with shares hitting an all-time high in...
) stock price has been a warpath in the past two years, skyrocketing over 500% within that timeframe with shares hitting an all-time high in the last week alone. Some Wall Street analysts even seeBank of America maintains its Buy rating on Nvidia stock while raising its price target on the chip giant to $1,500 per share.
Bank of America becoming the latest hiking their price target on NVIDIA this week from 1000 $320 to $1500.The analyst behind the call, Vivek Arya, is Bank of America's senior semiconductor analyst, and he joins us now.The concept of the data centre is not new. But what is different is that NVIDIA is bringing a combination of silicon of systems, of networking, of software of developers, and that is unprecedented.
There is a race between these different technology companies to be the first to support the next large language model to make sure that they are the destination of choice for a lot of start ups who are trying to really kick start their own generative A i applications. And we think we are just at the start of what that and that could be a really large infrastructure operate cycle as well.
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