Bank of America Thinks Nvidia Is About To Skyrocket

Nvidia (NVDA) recently updated its product pipeline and based on the revised roadmap, the chip giant intends to transition from its previous two-year product launch cycle to a one-year schedule. Furthermore, the company is expanding the range of products on offer.

After going over the new roadmap, Bank of America’s Vivek Arya, a 5-star analyst ranked in the top 1% of Street analysts, reiterates that Nvidia remains a top pick, highlighting an overhauled pipeline that shows: “(1) an accelerated pace of GPU accelerator and switching product launches in CY23/24/25; (2) support for x86 and ARM-based CPUs; (3) InfiniBand + Ethernet switches; (4) handling both genAI training, inference; and (5) support for cloud and enterprise applications.”

Although the roadmap doesn’t provide details about the specific manufacturing nodes, Arya anticipates Nvidia will take a leading role in introducing AI accelerators on advanced nodes such as 3nm and possibly 2nm. There may be a collaboration with Intel’s foundry on its 18A process, but the analyst still anticipates TSMC will remain NVDA’s main foundry partner.

Much like Nvidia’s approach in the gaming sector, where products cover a range of prices from $50 to $1,500, it appears that the newly revealed data center roadmap indicates an expansion of product offerings. This expansion includes a quicker pace of product launches, an approach that may pose challenges for competitors in the space such as AMD and Intel, making it harder for them to catch up. It also puts pressure on internal cloud silicon efforts to demonstrate their worth in a time when silicon costs and complexity are rapidly increasing.

“Big-picture,” says Arya, “generative AI requires data center scale compute optimization, and NVDA’s systems approach stands in contrast to the narrow silicon-only approach of its rivals.”

Given the Street’s respective CY23/24/25E data center sales projections of ~$42 billion/$70 billion/$88 billion indicate just a ~35% share of a potential $250 billion (and rising) addressable yearly opportunity in cloud/enterprise data center infrastructure capex, Arya thinks there could be upside to these estimates.

Bottom line, Arya rates NVDA shares a Buy along with a price objective of $650. Should the figure be met, investors will be sitting on returns of 42% a year from now.

The Street’s average target is in-line with Arya’s objective. Rating wise, 38 other analysts are bullish too, with 1 additional Hold not enough to spoil the stock’s Strong Buy consensus rating.

To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.


Originally published on BusinessInsider.com

Get Access To Marc Chaikin's "Power Gauge Report"

Enter your email address to access all the details.


By submitting your email address, you give Adaptable Investor permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

The AI Stocks Every Investor Should Have On Their Radar

Enter your email address to access all the details.


By submitting your email address, you give Adaptable Investor permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

Write This Stock Ticker Down Right Now

Enter your email and phone number below to see the stock name and ticker on the next page.



By submitting your email address, you give Adaptable Investor permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

Write This Stock Ticker Down Right Now

Enter your email below to see the stock name and ticker on the next page.



By submitting your email address, you give Adaptable Investor permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

Write This Stock Ticker Down Right Now

Enter your email below to see the stock name and ticker on the next page.


By submitting your email address, you give Adaptable Investor permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

Write This Stock Ticker Down Right Now

Enter your email address to see the name and ticker on the next page.


By submitting your email address, you give Adaptable Investor permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

How to Collect "Amazon Royalty" Payouts Before the Deadline

Thanks to a little-known IRS loophole, regular Americans can collect up to $28,544 (or more) in payouts from what is called “Amazon’s secret royalty program”…
Enter your email address to access all the details.


By submitting your email address, you give Adaptable Investor permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

Elon Musk's "Project Omega"

It could soon mint new millionaires, while plunging millions of unprepared Americans into poverty. Get the stocks at the center of it all.
Enter your email address to receive the names and ticker symbols.


By submitting your email address, you give Adaptable Investor permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

The #1 Trade For 2023

Elon Musk is set to reveal his secret “Project X” that could revolutionize a $23 Trillion industry, and potentially be 1,000x bigger than EV’s. 
This Backdoor play could hand early investors a windfall of gains.
Enter your email address to receive this company’s name and ticker symbol for free.


By submitting your email address, you give Adaptable Investor permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

Every Investor Should Have This $3 AI Stock On Their Radar

Enter your email address to get access to all the details.


By submitting your email address, you give Adaptable Investor permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

Project An-E

Breakthrough A.I. Just Predicted What the Stock Prices of Tesla, Nvidia, and Apple Will Be 30 Days from Now…
Enter your email address for immediate access.


By submitting your email address, you give Adaptable Investor permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

Elon Musk's "Project Omega"

It could soon mint new millionaires, while plunging millions of unprepared Americans into poverty. Get the stocks at the center of it all.
Enter your email address to receive the names and ticker symbols.


By submitting your email address, you give Adaptable Investor permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)

#1 A.I. Stock Currently Trading For $3

Gain immediate access to this revolutionary $3 A.I. stock that is set to disrupt a $15 Trillion Market soar 75X.
Enter your email address to receive the name and ticker symbol for free.


By submitting your email address, you give Adaptable Investor permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. To learn more about our partners, click here. You can unsubscribe at any time. (Privacy Policy)