.September 19, 2024, 03:30 AM

NVIDIA (NASDAQ:NVDA) received a new bullish rating from William Blair, with an Outperform rating due to its leadership in parallel computing and dominance in the AI sector.

William Blair highlighted NVIDIA’s expertise in designing parallel computing systems, leading to growth in gaming, automotive, and high-performance computing. Data center revenue grew by 217% in 2024 and is projected to increase by 132% in 2025, pushing revenue to over $110 billion.

NVIDIA’s growth is attributed to its system-level approach, expanding its TAM to the $800 billion semiconductor market and $1.6 trillion cloud services industry.

The report also noted NVIDIA’s robust software ecosystem, including CUDA and strategic acquisitions like Mellanox and Cumulus, enhancing its capabilities in networking and systems engineering.