From N/A: 2024-11-12 07:45:00

Redburn-Atlantic analysts initiated coverage on NVIDIA (NASDAQ: NVDA), giving it a Buy rating with a price target of $178. They praised NVIDIA’s dominance in accelerated computing, crucial as traditional computing advancements slow down.
Accelerated computing, largely AI-focused now, is expected to become cost-efficient for wider applications in the next decade. NVIDIA stands to gain from this trend, with AI-driven coding supporting the growth of accelerated computing.
Despite potential non-linear adoption, analysts believe the structural drivers of accelerated computing growth are strong.



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