Analysts Weigh In on Nvidia, Apple, SpaceX, and More
A batch of analyst calls were released on Friday, offering insights into the performance and prospects of various companies. Nvidia was among them, with several analysts weighing in on its stock price.
According to a report by J.P. Morgan's Craig Ellis, Nvidia is 'likely' to see a significant increase in demand for its graphics processing units (GPUs) due to the growing adoption of cloud gaming and artificial intelligence applications. However, he noted that the company's revenue growth may slow down in the second half of 2023.
In contrast, another analyst, Mark Moskowitz of J.P. Morgan, has a more cautious view on Nvidia's stock price. He set a price target of $170 for the company, citing concerns about the competitive landscape and potential disruptions to its supply chain.