Nvidia's 'dominant A.I. leadership' is clear after GTC developer conference, analysts say
If there's one takeaway from Nvidia 's developer conference, it's the computing firm's dominant leadership in artificial intelligence, according to Wall Street analysts. Nvidia unveiled a slew of new products and partnerships at its GTC conference on Tuesday that gave analysts confidence in the chipmaker's growing AI capabilities. The firm unveiled CUDA Quantum, a platform for developers to build quantum algorithms.
mountain Nvidia shares 1-year The event only added to their confidence in the stock. Following the GTC conference, Bank of America's Vivek Arya reiterated a buy rating on Nvidia, and raised his price target, saying Nvidia's AI capabilities only expands its total addressable market.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NVIDIA's big AI moment is here | EngadgetAt its GTC conference, NVIDIA's big bet on AI hardware is more relevant than ever..
Read more »
Nvidia CEO Jensen Huang on how his big bet on A.I. is finally paying offAhead of this year's Nvidia GTC developer conference, CNBC sat down with founder and CEO Jensen Huang to talk about ChatGPT, gaming, the omniverse, and what's next. In this full interview, Huang takes us on the journey of Nvidia, from its early days in a condo to the dominant player in GPUs, gaming, and now A, which is a major focus of GTC this year. Huang also talks about how he handled China export controls, and geopolitical tensions swirling around Taiwan where most of its chips are made.
Read more »
Wall Street strengthens after big bank deal, regulator movesNEW YORK (AP) — Most of Wall Street is rising Monday after regulators pushed together two huge banks over the weekend and made other moves to build confidence in the struggling industry. The S&P 500 was 0.5% higher in morning trading.
Read more »
Dow jumps 350 points after bank deals calm Wall Street jittersTraders have raised bets of the Fed likely hitting a pause on rate hikes on Wednesday to ensure financial stability.
Read more »
Global banking turbulence prompts Wall Street banks to trim hawkish Fed betsGoldman Sachs is expecting a pause this week from the U.S. Federal Reserve after a year-long rate increase campaign as Wall Street banks scale back their hawkish expectations in the aftermath of the ongoing global banking turmoil.
Read more »
Asia-Pacific markets to rise after Wall Street sees gains on optimism led by regional banksAsian markets trade higher as banks rally on the hopes that troubles in the U.S. and Europe are averted.
Read more »