Nvidia Set For Steady Gains With Software-Centric Shift And Blackwell Transition, Analysts Say
Portfolio Pulse from Anusuya Lahiri
Nvidia (NVDA) is expected to see steady gains due to a strategic shift towards software-centric services and the upcoming Blackwell transition. Analysts from Rosenblatt and Morgan Stanley maintain positive ratings and high price targets for Nvidia, anticipating strong quarterly performance despite some supply challenges and competition from AMD and Intel. Nvidia's stock has gained 204% in the last 12 months, and investors can gain exposure through ETFs like SHOC and SMH.
May 20, 2024 | 6:16 pm
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NEUTRAL IMPACT
Advanced Micro Devices (AMD) is mentioned as a competitor to Nvidia, particularly with its MI300X product. Nvidia is expected to lose some unit market share to AMD, but maintain or increase its market share from a sales and value perspective.
While Nvidia is expected to lose some unit market share to AMD's MI300X, it is likely to maintain or increase its market share from a sales and value perspective. This indicates a neutral short-term impact on AMD.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Intel (INTC) is mentioned as a competitor to Nvidia, particularly with its Gaudi 3 product. Nvidia is expected to lose some unit market share to Intel, but maintain or increase its market share from a sales and value perspective.
While Nvidia is expected to lose some unit market share to Intel's Gaudi 3, it is likely to maintain or increase its market share from a sales and value perspective. This indicates a neutral short-term impact on Intel.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Nvidia is expected to see steady gains due to a strategic shift towards software-centric services and the upcoming Blackwell transition. Analysts maintain positive ratings and high price targets, anticipating strong quarterly performance despite some supply challenges and competition.
Analysts from Rosenblatt and Morgan Stanley have reiterated positive ratings and high price targets for Nvidia, citing strong quarterly performance and strategic shifts towards software-centric services. Despite some supply challenges and competition, Nvidia is expected to maintain or increase its market share.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Nvidia through the EA Series Trust Strive U.S. Semiconductor ETF (SHOC). Nvidia's strong performance and positive outlook are likely to benefit this ETF.
Nvidia's strong performance and positive outlook are likely to benefit the SHOC ETF, which includes Nvidia in its holdings. This indicates a positive short-term impact on SHOC.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 30
POSITIVE IMPACT
Investors can gain exposure to Nvidia through the VanEck Semiconductor ETF (SMH). Nvidia's strong performance and positive outlook are likely to benefit this ETF.
Nvidia's strong performance and positive outlook are likely to benefit the SMH ETF, which includes Nvidia in its holdings. This indicates a positive short-term impact on SMH.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 30