Nvidia Corporation held its GTC 2022 earlier this month, where it announced a slew of products and services. An analyst at Wells Fargo Securities singled out the company’s pivot to software as a key takeaway.
The Nvidia Analyst
Aaron Rakers has an Overweight rating and a $370 price target for Nvidia shares, suggesting a roughly 33.6 percent upside from current levels.The Nvidia Thesis
Eos, the next-gen AI-optimized supercomputer Nvidia announced, is impressive in terms of size and performance, analyst Rakers said. The analyst expects the company to use it for different AI-optimized workloads.Nvidia’s Eos, according to Rakers, will likely play a significant role in the company’s development as an autonomous vehicle platform provider. This opportunity is not fully appreciated, he added.
