Friday, August 17, 2018

© Reuters.  Mizuho Securities raises its Nvidia price target on GPU strength© Reuters. Mizuho Securities raises its Nvidia price target on GPU strength

  • Mizuho Securities raises its Nvidia (NASDAQ:NVDA) price target from $180 to $220 and maintains a Buy rating.
  • Analyst Vijay Rakesh cites stable GPU pricing and says Nvidia “continues to see strong underlying trends in cryptocurrency and gaming ahead of company expectations.”
  • Rakesh also notes that Nvidia’s newest chips provide 40x to 100x the AI performance as traditional CPUs.
  • Nvidia shares closed today up 1.72% and are down a slight 0.02% aftermarket.
  • Previously: Needham ups Nvidia price target on data center potential (Oct. 13)
  • Now read: Nvidia: Rich Market In Drones

Original article

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