Nvidia Stock Forecast: Reasons Why it Will Continue to Soar Long-term

This article was written by Isaac Rothstein - Analyst at I Know First.

Summary

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The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

My October 3 buy recommendation for Nvidia’s stock is already a certified winner. The stock shot up from $181.31 to over $212 by November 18 closing date.
NVDA has exceeded my previous 120-day price target of $200. I am still endorsing it as a buy. I’m giving it a new 120-day PT of $220.
The Christmas shopping quarter will help Nvidia sell more gaming video cards. I expect Q4 F2020 to deliver Gaming segment revenue of more than $1.8 billion.
Microsoft again selected Nvidia as its cloud AI GPU partner. The new Microsoft Azure NDv2 instance can scale up to hundreds of interconnected Nvidia Tensor Core GPUs.
As of of October 2019, Nvidia GPU accelerators boast over 97% usage by top 4 IaaS providers. This is consistent with May 2019’s share.

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This NVDA stock prediction article was written by Ari Herzog, a Financial Analyst at I Know First

Short-term risks, including its exposure to China as well as ambiguous GPU demand and uncertain positioning within the gaming sector, should not affect NVDA’s earnings more so than its semiconductor competitors
Nvidia’s footprint in major technological advancements including AI, autonomous vehicles, and data centers are strong long-term growth areas to point to
Over 40% drop in stock price since late 2018, with the price sitting near 2-year lows, signals a current buying opportunity
I Know First AI Algorithm keeps bullish NVDA stock prediction for long term

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The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Nvidia has more than $7 billion in cash & short-term investments. It reportedly offered $7 billion and won the bidding for Mellanox.
Mellanox is a data center-centric company supplying Ethernet switches and accelerator processors.
If it proves true, the Mellanox acquisition can boost Nvidia’s $697 million/quarter Datacenter segment business.
Growing its Datacenter business can help offset the demise of cryptocurrency miners’ demand for GeForce graphics processing units.
I Know First has a very bullish 12-month market trend forecast score for NVDA.