Nvidia Analyst Finds It Pushing The Envelope For More Incredible AI Adoption

Mizuho analyst Vijay Rakesh reiterated a Buy on Nvidia Corp NVDA with a price target of $205.
NVDA hosted GTC 2022 with a keynote delivered by CEO Jensen Huang, followed by analyst Q&A.
Also Read: Nvidia's Higher Gaming GPU Prices Raises Analyst Conviction. However, Some Remain Concerned Over Demand And China Ban
His key takeaways included Hopper production ramping, a 40xx series launch for high-end gaming, continued under-ship current Gaming demand amid Ada 40xx launch, and Thor launching at 2000 teraflops and Drive Sim with 3D simulation for autonomous vehicles.
He believes NVDA accounts for >90% of all AI workloads, despite disruptors like Cerebras, and is pushing the envelope towards more incredible AI adoption growth.
Price Action: NVDA shares traded lower by 4.84% at $126.21 on the last check Thursday.
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