NVIDIA Ramps up Self-driving With Acquisition of DeepMap For High-Fidelity 3D Mapping

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    Super Harley

    NVidia continues its expansion of dynamic future segments….


    Helmholtz Watson

    BofA Securities raised their tgt on NVIDIA (NVDA) to a Street-high $900 from $800

    Took a deep-dive into NVDA’s data center business (40% of sales today) at the onset of accelerating growth opportunities in enterprise/cloud AI as well as NVDA’s foray in to new/complimentary processor silicon including data processing units (DPUs) and central processing units (CPUs).


    BMO Capital Mkts upped their tgt on NVIDIA (NVDA) to a Street-high $1000 from $750

    Now see the business growing to a $32 billion business a few years out vs. their prior expectation of $25 billion. Firm also thinks that as software starts to become a bigger portion of the business, GM will continue to trend up, and they now see GMs of 75% for the business vs. their prior modeled 72%. They arrive at their target price of $1,000 using a similar discounted approach to the one they have been using but with a higher 40x P/E multiple vs. their prior 35x


    Summit Insights double upgraded Nvidia (NVDA) to Buy from Sell

    After channel checks indicated a “solid finish” to the company’s October quarter driven by upside demand in the cryptocurrency mining and the gaming markets. The firm notes Nvidia’s sales into the crypto-mining market have rebounded back to more than $1B per quarter after the recent crash in May and June. As such, the firm believes Nvidia is “poised for upsides” in the October and the January quarters.

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