#1 - NVIDIA (NASDAQ:NVDA)
Is it too late to buy NVIDIA Corp. (NASDAQ: NVDA) stock? NVIDIA is one of the industry leaders, but if you believe industry analysts there is still more upside ahead. In October alone, the NVIDIA analyst ratings on MarketBeat show five analysts have reiterated their Buy rating on NVDA, and two analysts have raised their price targets, with the highest coming at $190.
The reason is the need to build an artificial intelligence (AI) infrastructure. That means corporations are looking for computing power and speed. Currently, NVIDIA is one of the only companies with the right tools for the job.
As one analyst has described it, corporations are facing a choice in which the cost of not spending on AI is far more than the cost of spending. With over 85% of the current market share in the critical high-performance chips needed to power these applications, NVIDiA is likely to maintain its lead for the foreseeable future.
About NVIDIA
NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.
Read More - Current Price
- $134.70
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 40 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $164.15 (21.9% Upside)
