Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Finance»Nvidia shares could pop up another 23% as surging AI workloads stokes stronger demand for specialized hardware, Bank of America says
Finance

Nvidia shares could pop up another 23% as surging AI workloads stokes stronger demand for specialized hardware, Bank of America says

April 20, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Nvidia shares could pop up another 23% as surging AI workloads stokes stronger demand for specialized hardware, Bank of America says
Share
Facebook Twitter LinkedIn Pinterest Email
A sign is posted in front of the Nvidia headquarters on May 10, 2018 in Santa Clara, California.

Nvidia headquarters in Santa Clara, CaliforniaJustin Sullivan/Getty Photos

  • Nvidia shares may rise 23%, Financial institution of America stated in elevating its value goal on the chipmaker.

  • AI workloads are rising and Nvidia’s specialised {hardware} ought to profit from stronger gross sales.

  • Nvidia shares have jumped 90% in 2023 as curiosity in AI is fueled by ChatGPT.

Nvidia’s inventory value may push to highs not seen in additional than a yr because the increase in synthetic intelligence ought to bolster demand for its {hardware}, Financial institution of America stated Wednesday.

The notice from the BofA analysts come after Nvidia shares have already soared  this yr on the again of the ChatGPT craze. The inventory was buying and selling round $277 on Wednesday.

“Surging AI workloads in cloud/enterprise knowledge facilities may shift extra computing horsepower/worth in direction of specialised accelerators (akin to NVDA Graphics Processing Items and customized chips from Broadcom/Marvell) and away from conventional x86-based INTC/AMD server CPUs,” Vivek Arya, a senior analyst at BofA Securities, in a analysis report printed Wednesday.

The financial institution stated gross sales of specialised accelerators in 2023 may overtake these of worldwide commonplace x86 processors. Accelerators bolster AI and machine-learning functions.

With these elements in thoughts, BofA raised its value goal on Nvidia to $340 from $310 a share. It has a purchase ranking on the inventory.

The brand new $340 goal foresees the shares rising 23% from Tuesday’s closing value of $276.67. The shares final traded above $340 on November 22, 2021, after they hit $346.47.

This yr, Nvidia shares have spiked up 90% as buyers pile into corporations they see benefitting from the AI development fueled by the recognition of OpenAI’s ChatGPT language device. Nvidia has garnered consideration with its gear that powers AI functions in automobiles and robots.

“The massively parallel computing capabilities of accelerator processors (akin to NVDA GPU, or Broadcom-enabled Google TPU or Amazon Inferentia) is ideally suited to sort out the massive datasets and coaching parameters in generative AI workloads,” stated Arya.

BofA sees a “crossover” this yr resulting in accelerator gross sales rising above $40 billion by 2025. This is able to imply at the very least a 37% compound annual progress charge from 2022 whereas x86 CPU gross sales develop at modest 3% CAGR, to $26 billion.

Arya stated such progress could be optimistic for Nvidia and customized chip enablers Broadcom and Marvell however combined for AMD and unfavourable for Intel. By way of Intel, 75% of its server CPU market share is uncovered to competitors from AMD, UK-based chip design firm Arm Holdings and accelerator makers, he stated.

Roughly 15% of cloud servers are accelerated, however AI adoption may drive the attach-rate towards 50% as extra functions are written to make the most of accelerators, stated BofA.

Learn the unique article on Enterprise Insider

Source link

America bank demand hardware Nvidia pop shares specialized stokes stronger surging workloads
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Investor Ric Edelman reacts to crypto ETF boom

May 10, 2025

Kyndryl Holdings announces operational leadership rotation

May 10, 2025

Foreign tourist boycott begins, as businesses brace for impact

May 10, 2025

Dietitian shares (secret) tips to eat Chinese food at restaurants to lose weight | Health News

May 10, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Investor Ric Edelman reacts to crypto ETF boom

May 10, 2025

Karnataka CM Siddaramaiah orders crackdown on fake news, statewide mock drills | India News

May 10, 2025

Spit science: why saliva is great way to detect disease | Health News

May 10, 2025

All tasks and cheapest solutions

May 10, 2025
Popular Post

Russia Committed Crimes Against Humanity In Ukraine: UN Probe

RJD meeting, and a spat: Of seats of power and chair positions

Midnight Sun: Twilight Series Predicted Release Date, News and Rumours

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.