Nvidia stock price outlook: 26% upside after AI supercomputer launch

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Finance Finance Headlines News

Nvidia stock can still climb another 26% as supercomputer launch solidifies its lead in the AI arms race, Bank of America says

The key to Nvidia's successnecessary for generative artificial intelligence, according to the bank.

"AI upside is driving strong performance year-to-date, but we believe we are only at the start of the story. Only ~15% of cloud servers are accelerated today, becoming more essential as GPUs are required for proper training of LLMs," BofA said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines