Nvidia’s rally is now also convincing of reserved analysts: Why an expert has changed his opinion and the Chipriese is again focusing more on the focus.
• Da Davidson classes nvidia from neutral to buy
• Growing demand for computing power for AI strengthens the growth prospects
• Despite the course rally, Da Davidsons Gil Lauria rates the stock as cheap compared to the industry
From skepticism to purchase recommendation: Since Davidson changes course
According to a report by Business Insider, Gil Luria, head of the technology analysis at the US Finance House Da Davidson, has significantly increased his assessment of Nvidia. The analyst ranked the share of neutral to Buy and at the same time increased the price target from 190 to $ 21. The reassessment followed shortly after the figures presented for the second quarter at the end of August, sales and profits rejected again via the market expectations
For a long time, Luria was one of the most cautious observers in the company, which gives special weight to the current U -turn. Invezz also reports on the high class and emphasized that the assessment was based on a sustainable growing demand for AI-based computing power.
AI drives new imagination: demand for computing power explodes
In an interview with the US broadcaster CNBC, Luria explains the background of his decision. He and his team are “extremely optimistic about the introduction of AI and the need for AI calculation”.
Specifically, Luria cited examples that illustrate the move of artificial intelligence into everyday life and the world of work: This way, you can analyze large documents during the drive or, as a lawyer, have already been strategically advised by Chatgpt. According to Luria, this growing penetration of AI applications supports the persistently high demand for the high-performance processors and solutions for Nvidia data centers.
Attractive assessment despite Rally
Although the Chipriese has recorded strong price gains in the past few months, Davidson sees the evaluation of the Nvidia share as attractive. In an interview with CNBC, Luria referred to a current rotation in the market. Many investors have expanded their commitments to other AI values, which made Nvidia cheaper in comparison.
The paper is currently being traded with 28 times the winnings expected for the next year, similar to Apple, while Oracle is at 50 times the level according to Luria. According to its forecast, Nvidia is likely to increase profits by 30 to 40 percent, but Apple is only around ten percent. In his view, this relation justifies the current entry and underlines the continuing attractiveness of the Nvidia share.
Editor finance.net
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