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Nasdaq NVDA Nvidia

Top Stock Picks for Week of April 4, 2022

4 years 5 months ago
Twitter TWTR is a global platform that connects a user to a network of people, news, ideas, opinions and information. Upswing in advertiser sentiment for digital ads and improving ad environment are positives. Product improvement including continued increases in relevance
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Grab These Top-Ranked Tech ETFs to Join the Rebound Rally

4 years 5 months ago
The first quarter of 2022 has been dull for the technology sector. The rising benchmark 10-year Treasury note yields had put pressure on the space. However, the tech-heavy Nasdaq Composite has been recovering from the slowdown and is now out of the bear market. It gained
Zacks

AMD Acquires Pensando to Build Leading-Edge Data Center

4 years 5 months ago
Advanced Micro Devices AMD recently announced that it has entered a definitive agreement to acquire Pensando for approximately $1.9 billion before working capital and other adjustments on Apr 4. The two companies expect to close the deal by the second quarter of 2022.Pens
Zacks

Why Lucid Stock Sank 12.4% in March but Could Bounce Back

4 years 5 months ago
What happened Lucid Group (NASDAQ: LCID) stock is struggling to find a bottom this year. The once-hot electric vehicle (EV) stock sank even further in March and lost 12.4% in value during the month, according to data provided by S&P Global Market Intelligence.
The Motley Fool

Micron Is Set to Deliver Record Revenue in Fiscal 2022

4 years 6 months ago
Investors in Micron Technology (NASDAQ: MU) must be frustrated. On March 29, the memory and storage manufacturer announced solid results for the second quarter of fiscal 2022 ended March 3. Revenue surged 25% year over year while net profits more than tripled. Yet, the share pr
The Motley Fool

Down Almost 8% Last Month, What's Next For AMD Stock?

4 years 6 months ago
Advanced Micro Devices stock (NASDAQ: AMD) is down almost 8% in the past month (21 trading days), largely underperforming the S&P 500 which was up a little over 3% over this period. If you look at the change over the last five and ten days, too, the stock has returned -9.3%
Trefis

Nvidia’s Auto Software Opportunity Is Underappreciated, Says Wells Fargo

4 years 6 months ago

Not shirking from its ambitious plans to dominate the chip space, at its recent annual GTC conference, Nvidia (NVDA) announced that it is putting together the NVIDIA Eos, or as it is more impressively known - the world’s fastest AI supercomputer.  

The next-gen, AI-optimized machine’s specs and size are mightily impressive as they are, says Wells Fargo’s Aaron Rakers, who highlights the fact it will probably be used for a plethora of different “AI-optimized workloads.” One use, though, probably more than investors currently realize, according to Rakers.

“We think investors could / should also consider NVIDIA's Eos as playing a significant role in the company's development as an autonomous (software-defined) vehicle platform provider, something we believe is not fully appreciated; consider positioning vs. Tesla's Dojo supercomputer strategy,” said the 5-star analyst.

Basically, Rakers thinks the Eos supercomputer should be perceived as a “foundational” part of NVIDIA’s DRIVE (autonomous/software-defined vehicle) software strategy, with the platform enabling Nvidia to “develop and deliver” AI-created software for the automotive industry.

According to a recent Ericsson report, by 2025, it anticipated that software and the software experience will account for 50% of “vehicle value.” Therefore, it stands to reason, that amongst auto manufacturers, being able to deliver “software-defined” vehicles is a strategic necessity.  

And that is why Rakers believes Nvidia - as the creator of the DRIVE software’s capabilities – sees itself as well-positioned to capture a huge chunk of up to 50% of the “economics of the automotive industries drive toward connected subscription services / OTA software functionality.”

The company is already making inroads with the right clientele. So far, Nvidia has signed on the dotted line with a couple of key full stack DRIVE platform customers, which are set to make use of NVIDIA DRIVE Hyperion 8. The agreement with Mercedes-Benz was disclosed in June 2020 with vehicles set to become available in 2024 and Jaguar Land Rover was announced this February with vehicles slated for release in 2025.

All in all, Rakers rates Nvidia shares an Overweight (i.e. Buy) while the $370 price target makes room for ~35% upside in the year ahead. (To watch Rakers’ track record, click here)

Over the past 3 months, 27 analysts have thrown the hat in with NVDA reviews, of which 22 are to Buy and 5 to Hold, all coalescing to a Strong Buy consensus rating. The average target clocks in at $352.71, suggesting shares could climb 29% higher over the one-year timeframe. (See Nvidia stock analysis on TipRanks)

To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

TipRanks

Which Stocks To Buy Now? 4 Semiconductor Stocks In Focus

4 years 6 months ago
Should Investors Be Buying These Semiconductor Stocks Right Now?In the past couple of years, semiconductor stocks have been a popular sector among investors looking to invest in the stock market. With the growing adoption of 5G mobile networks and electric vehicles, demand for se
StockMarket.com

My Best Semiconductor Stock to Buy Now and Hold Forever

4 years 6 months ago
Semiconductors are a fascinating technology. They are the engine behind every electronic device, and over the last 50 years, advancements in the semiconductor space have helped give rise to personal computers, smartphones, video game consoles, and cloud services, as well as appli
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