) shares are falling back today following the chipmaker's recent market high. Rosenblatt Securities senior research analyst Hans Mosesmann joins Market Domination to explain why he is not worried about the stock's bumpy previous weeks. Mosesmann has issued the highest price target for Nvidia on Wall Street.
So it could be a little bumpy, but from a secular perspective for the next 10 years, this is going to be um the way to play A I uh they're at another level and I think people have uh have to just get used to that and they're not a semiconductor company anymore.
So it's a formidable uh model that I think people have yet to kind of fully grasp hans what you just said a minute ago there that NVIDIA is no longer just a chip maker.And earlier this week, we got the Reuters report out that actually France is looking to, to uh and media is setting a potentially facing some antitrust charges there in France.
Well, so the traditional way of, of doing things in silicon or are, are changing so that the, the, the let's call the general purpose server market is being, you know, really destroyed in terms of value by moving to an accelerated cycle. There are ways to get around that, for example, Broadcom and Marvel uh which are, you know, big players in networking, they have the ability to do custom chips.
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