From Cowen through Jim Cramer | NVDA Message Board Posts

NVIDIA Corporation

  NVDA website

NVDA   /  Message Board  /  Read Message



Rec'd By
Authored By
Minimum Recs
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board
Msg  40038 of 40061  at  12/12/2022 2:53:16 PM  by


 In response to msg 40037 by  delt1970
view thread

Re: From Cowen through Jim Cramer

Nvidia Is Cowen's Best Chip Stock Idea for 2023 --
Today 11:54 AM ET (Dow Jones)
By Tae Kim

Nvidia's leadership in semiconductors for artificial intelligence applications will boost the chip maker's revenue and spark a comeback for the shares, Cowen believes.

On Monday, analyst Matthew Ramsay reiterated his Outperform rating for Nvidia stock (ticker: NVDA) and raised his forecast for the price to $220 from $200.

"NVIDIA is the leader in accelerated compute and the key enabler for AI across vertical industries -- full stop," he wrote. "With several strong product cycles anticipated in 2023, we plant the flag and say 'when' is 'now' to own NVIDIA as our Best Idea in 2023."

Nvidia shares were up by 0.5% at $170.89 late on Monday morning. The S&P 500 was 0.5% higher as well.

Ramsay is optimistic over the company's latest data-center product and the Grace processor, which is expected to be released next year. He also expects Nvidia's gaming business to return to growth by 2024.

"In our view, investors under-appreciate how early we are in AI penetration, and the ability for NVIDIA to create new markets/use cases through product innovation (both hardware and software)," he wrote.

The analyst forecasts Nvidia will generate $30.9 billion in revenue for fiscal 2024 and $38.6 billion for fiscal 2025. Those figures are 5% and 7% above Wall Street consensus estimates, respectively.

     e-mail to a friend      printer-friendly     add to library      
Recs: 1  
   Views: 0 []
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board

Msg # Subject Author Recs Date Posted
40041 Re: From Needham through Jim Cramer delt1970 0 12/19/2022 11:38:41 AM

Financial Market Data provided by