Nvidia Stock Forecast: ARM Holdings May Boost Nvidia’s Stock Over $460
The Nvidia stock forecast 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 gave NVDA a price target of $388 last June 9. The stock is now trading above $405. My Nvidia stock forecast again endorses it as a buy.
- Nvidia’s bold intention to buy ARM Holdings from troubled SoftBank Group could push the stock above $460.
- ARM Holdings is the intellectual property license owner of ARM processors used by drones, surveillance cameras, smartphones, tablets, ChromeBooks, laptops, smart devices and other Internet of Things products.
- If the deal pushes through, Nvidia will have the power on who could get or renew their license to design and manufacture ARM-based processors.
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This NVDA stock forecast article is written by Hao Liu, financial analyst at I Know First.
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