Quantcast
Channel: SunTrust Robinson Humphrey
Viewing all articles
Browse latest Browse all 413

Nvidia Analyst Says New, Ampere-Based Data Center GPU Makes Chipmaker 'Unassailable'

0
0

NVIDIA Corporation (NASDAQ: NVDA) shares, which have been bouncing along nicely for much of this week amid positive sell-side expectations for the chipmaker's earnings report next week, rose over 3% Thursday. CEO Jensen Huang hosted the annual GTC keynote address virtually, revealing details of a slew of products.

Here's how sell-side reacted to the announcements. 

The Nvidia Analysts

SunTrust Robinson Humphrey analyst William Stein maintained a Buy rating and $327 price target.

Raymond James analyst Chris Caso reiterated an Outperform rating and increased the price target from $300 to $330.

Needham analyst Rajvindra Gill maintained a Buy rating and a Street-high price target of $360.

Rosenblatt Securities analyst Hans Mosesmann maintained a Buy rating and $340 price target.

Nvidia A Unique Growth Asset In Semis, SunTrust Says

The GTC Keynote played in line with expectations, Stein said in a note.

The significant product announcements include the A100 data center GPU; the DGX AI computer, which integrated eight A100 GPUs and delivers five PetaFLOPS; the second-gen EGX AI computer targeting edge AI applications; and others such as CUDA 11 Jarvis for conversational AI, Merlin and native GPU acceleration for Spark 3.0.

The lack of a gaming GPU announcement is a surprise, the analyst said.

An Ampere-based gaming GPU will ship in the fourth quarter, with an announcement likely to be made midyear, he said. 

Previewing earnings, Stein said he expects first-quarter results to show meaningful upside in data center, with a similar trend likely to be reflected in the second-quarter guidance.

Second-half demand trends for data center ...

Full story available on Benzinga.com


Viewing all articles
Browse latest Browse all 413

Latest Images

Trending Articles





Latest Images