Reply To: Traders Market Weekly: Neutralizing Contagion

#55248
Truman
Participant

Nvidia:

Santa Clara-based Nvidia (NVDA) will host its highly-anticipated GTC event from May 20-23. CEO Jensen Huang will deliver the opening keynote. The four-day event is expected to cover Nvidia’s latest advancements in generative AI, the metaverse, large language models, robotics, cloud computing and more.

Just in front of GTC, Morgan Stanley upgraded the GPU maker to Overweight, with the investment firm noting the artificial intelligence megatrend has become too much to ignore. Analyst Joseph Moore noted that the challenges in gaming and the data center have largely played out, but the development of generative or generational AI will overshadow any other trends. “The stock will continue to be hard to ignore in an otherwise challenging semiconductor environment,” he previewed.