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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Winning Stock Forecast: NVIDIA (NASDAQ: NVDA) Stock Returns 35.35% In 3 Months

Nvidia [Public domain]

Last Year Problems

Nvidia shares had fallen significantly since September 2018. In August, Nvidia excluded the video card for mining from the company’s priorities, citing the negative dynamics of the cryptocurrency market and the decline in demand for graphics processors. Another reason of such decline was poor sales of graphics adapters based on the Turing and Volta architecture. They were too expensive for consumers, while game developers were not hurried to reveal the potential of new products.

winning stock forecast

(Source: Finance.Yahoo)

3DMark Port Royal

Despite the poor sales of new GPUs and video cards for mining, the company continues to release new products

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I Know First CEO Yaron Golgher Invited to AI Event with NVIDIA CEO

On March 26, CEO of I Know First Yaron Golgher attended an event in Tel Aviv where the CEOs of NVIDIA and Mellanox spoke about growing companies in Israel, the start-up nation, and the future of Artificial Intelligence in various fields. I Know First, which is a leading Financial Technology Company based in Israel is a prime example of a business harnessing the power of AI to outperform conventional methods.


NVIDIA invited to the event CEOs, entrepreneurs, executives and researchers who are furthering the field of Artificial Intelligence within Israel. 

NVIDIA CEO Jensen Huang and I Know First CEO Yaron Golgher

NVIDIA is a leading company in the

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NVDA Stock Forecast: Mellanox Can Fortify Nvidia’s Datacenter Business

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:

  • 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.

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Nvidia Stock Forecast: Nvidia Has A Tailwind From Developers Optimizing for GPU Acceleration

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:

  • It is an open secret that majority of PC game developers have long been making games optimized for Nvidia graphics processors.
  • I am happy to report that many creative/design Win32 software developers are now also optimizing for GPU acceleration.
  • Software giants like Corel, Adobe, and Autodesk seems to have a bias for Nvidia GPU acceleration.
  • Small developers like those who created new painting app Expresii also appears to optimize for Nvida GPUs.
  • NVDA remains a strong buy in my book. It has a big lead in data center deep learning and AI acceleration.

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NVDA Stock Prediction for 2019: Nvidia Has Obvious Tailwind From Fast-Growing Robotics Industry

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:

  • There is still almost-zero demand for graphics accelerator cards from the cryptocurrency mining industry. Ethereum’s crypto currency price is now only $125.42.
  • On the other hand, I see the growing robotics industry to gradually become an important catalyst for Nvidia. The new Jetson AGX Xavier module is the best brain for robots.
  • Unlike the speculative and very volatile cryptocurrency mining business, the entire global robotics industry can grow to a market size of $498.6 billion by 2025.
  • NVDA is clearly oversold due to investors putting too much emphasis on the non-permanent decline of cryptocurrency mining.
  • NVDA is attractively priced at the moment. It now trades at only 17.77x P/E and 8.57x P/B.

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Nvidia Stock Prediction: Buy Nvidia – Growing Gaming Revenue Can Easily Offset Cryptocurrency-Mining’s Decline

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:

  • Nvidia’s dropped almost 17% during the after-hours trading after its earnings report on November 15. This was mainly attributed to the demise of crypto-mining boom.
  • Nvidia’s Q3 non-GAAP EPS is $1.84, beats by $0.13. GAAP EPS was $1.97, beats by $0.26. Unfortunately, Nvidia’s Q3 revenue of $3.18 billion missed estimates by $60 million.
  • Q3’s GPU revenue from OEM was weaker than expected due to the absence of demand from crypto-currency mining. However, Gaming segment’s revenue of $1.3 billion was still up by 13% Y/Y.
  • My takeaway is that Nvidia is still worth betting on. The continuing growth in gaming revenue can make up for the lack of demand from crypto-currency mining.
  • AMD is still unable to reduce the more than 63% market share of Nvidia on discrete graphics processors. The best-selling computer graphics cards at Amazon are all using Nvidia GPU.
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Do Nvidia’s New Competitors Pose a Threat?

This article was written by Moe Chabot, a Financial Analyst at I Know First

Source: Shutterstock

Summary

  • Nvidia’s Q2 FY2019 was outstanding showing great growth in Gaming, Professional Visualization, and Data center
  • The rise in GPU sales from Gaming, Professional Visualization, and Data center offset the sudden drop in cryptocurrency GPU sales
  • Tesla recently terminated use of Nvidia’s self-driving car platform
  • Huawei a Chinese tech company released an AI chip to compete with Nvidia’s Data center business


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