Nvidia's 'dominant A.I. leadership' is clear after GTC developer conference, Wall Street analysts say

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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.

 

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