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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?


To: Sun Tzu who wrote (7485)8/25/2023 4:47:20 AM
From: Sun Tzu1 Recommendation

Recommended By
sixty2nds

  Respond to of 10744
 
Ahuh!



Goldman Sachs just raised its price target on Nvidia $NVDA to $605 from $495 while maintaining its Buy rating


JPMorgan raised its price target on Nvidia $NVDA to $600 from $500 while maintaining its Overweight rating


Bank of America raised its price target on Nvidia $NVDA to $650 from $550 while maintaining its Buy rating


Morgan Stanley raised its price target on Nvidia $NVDA to $630 from $500 while maintaining its Overweight rating


Citi raised its price target on Nvidia $NVDA to $630 from $520 while maintaining its Buy rating


Wells Fargo raised its price target on Nvidia $NVDA to $600 from $500 while maintaining its Overweight rating


Rosenblatt raised its price target on Nvidia $NVDA to $1,100 from $800 while maintaining its Buy rating


Barclays raised its price target on Nvidia $NVDA to $650 from $600 while maintaining its Overweight rating


Piper Sandler raised its price target on Nvidia $NVDA to $620 from $500 while maintaining its Overweight rating


Jefferies raised its price target on Nvidia $NVDA to $610 from $500 while maintaining its Buy rating


Mizuho raised its price target on Nvidia $NVDA to $590 from $530 while maintaining its Buy rating


Evercore raised its price target on Nvidia $NVDA to $600 from $550 while maintaining its Outperform rating


TD Cowen raised its price target on Nvidia $NVDA to $600 from $500 while maintaining its Outperform rating


Bernstein raised its price target on Nvidia $NVDA to $675 from $475 while maintaining its Outperform rating


Wolfe raised its price target on Nvidia $NVDA to $630 from $570 while maintaining its Outperform rating


HSBC raised its price target on Nvidia $NVDA to $800 from $780 while maintaining its Buy rating


Baird raised its price target on Nvidia $NVDA to $750 from $570 while maintaining its Outperform rating


Keybanc raised its price target on Nvidia $NVDA to $670 from $620 while maintaining its Overweight rating


Oppenheimer raised its price target on Nvidia $NVDA to $650 from $500 while maintaining its Outperform rating


Raymond James raised its price target on Nvidia $NVDA to $600 from $500 while maintaining its Strong Buy rating


Wedbush raised its price target on Nvidia $NVDA to $600 from $490 while maintaining its Outperform rating


UBS raised its price target on Nvidia $NVDA to $560 from $540 while maintaining its Buy rating


Deutsche Bank raised its price target on Nvidia $NVDA to $560 from $440 while maintaining its Buy rating


BMO raised its price target on Nvidia $NVDA to $600 from $550 while maintaining its Outperform rating


BNP Paribas upgraded Nvidia $NVDA to Outperform from Neutral while raising its price target to $745 from $440


Stifel upgraded Nvidia $NVDA to Buy from Hold while raising its price target to $600 from $440
7:13 AM · Aug 24, 2023
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555.3K Views



To: Sun Tzu who wrote (7485)8/29/2023 10:47:32 AM
From: Sun Tzu  Respond to of 10744
 
NVDA may soon squeeze the shorts badly - disclaimer, I bought a few hundred NVDL in the recent pullback.

Tesla TSLA is launching a $300 million AI computing cluster Tuesday, according to Oppenheimer analyst Rick Schafer. The supercomputer "will employ 10,000 Nvidia H100 GPUs and is more powerful than the world's third highest-performing supercomputer," noted the analyst.

Tesla didn't respond to a request for comment about the computer.

The news illustrates something about the way the AI ecosystem is evolving. Nvidia NVDA has the hardware and software that is essentially responsible for AI computing. Tesla is using Nvidia products to develop what Elon Musk hopes is the first truly killer AI app: Self-driving cars.

"Tesla is significantly enhancing its computing capabilities to train its full self-driving technology faster," added Schafer in his report. "Tesla plans to spend over $2 billion on AI training in 2023 and another $2 billion in 2024."

Musk has said repeatedly that self-driving technology will represent a huge increase in value for his company. His vision is to turn all the Teslas on roads into 'robotaxis' with the flip of a switch when the software that runs the driver-assistance features is good enough. Then customers will pay upfront or annual fees to access the tech. And Tesla itself can run a fleet of robotaxis.

The new AI cluster is teaching the software, helping to accelerate development. The use of artificial intelligence is why Musk has also said Tesla is an AI leader, adding that developing self-driving cars is far harder than developing a ChatGPT-like AI.