Analysts Are Extremely Bullish
During an Nvidia event last week, Jensen Huang introduced Blackwell, Nvidia’s revolutionary GPU architecture, poised to redefine computing. Named after David Blackwell, this ambitious project marks a significant milestone in Silicon Valley’s history.
Nvidia exceeded Q4 earnings estimates, soaring revenue by 265% to $22.1 billion. The company anticipates 2024 sales of around $24 billion and an implied bottom line of $5.41 per share. Analyst Timothy Arcuri raised Nvidia’s price target to $1,100, citing an expected surge in demand.
Arcuri likened the framework to a centralized distribution system akin to an app store, foreseeing significant revenue potential from licensing Nvidia’s AI Enterprise software at $4,500 per GPU per year. He advocated for capitalizing on any short-term declines as buying opportunities. $NVIDIA(NVDA.US$ $Advanced Micro Devices(AMD.US$
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