Nvidia $NVDA Artificial Intelligence Computer Run Fully Autonomous Vehicle

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Needham analyst Rajvindra Gill raised price target on Nvidia $NVDA to 250 from 200 and reiterated his buy rating.

Nvidia shares rose 1.9% to 194.59 on the stock market Friday. In intraday trading Nvidia stock reached 195, its second record high in as many days.

The total addressable market for data-center processors could be $21 billion to $35 billion over the next five years, Gill said.

“While we expect gaming to continue to grow robustly, we believe our data center estimates of $1.7 billion in fiscal 2018, $2.1 billion in fiscal 2019 and $2.8 billion (in fiscal 2020) could prove conservative addressing (a) $30 billion total addressable market,” Gill said.