NVDA Stock Forecast: Why The $129 Jetson Nano Is An Important Tailwind For Nvidia

motek 1The 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.

Summary:

  • I Know First still touts a very bullish 12-month market trend forecast score of +345.89 for Nvidia’s stock.
  • This is in spite of NVDA’s 38.35% YTD price return.
  • This hyper-optimism of I Know First must be due to the undisputed leadership of Nvidia in GPU-centric  Artificial Intelligence hardware and platforms.
  • The recent launch of the $99 Jetson Nano Developer Kit and $129 Jetson Nano Module likely made Nvidia the early leader in edge AI computing.
  • The Jetson Nano Module has current commercial/industrial applications. For example, this $129 Nvidia edge AI hardware can be marketed in the fast-growing training and video surveillance industries.

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