- Nvidia Corp NVDA will be hosting a GTC developer conference on September 20th with Jensen’s keynote address followed by Q&A for financial analysts.
- city Analyst Atif Malik expects Nvidia to announce new RTX 40-series Ada Lovelace gaming cards with a 2x performance boost over the current-gen Ampere-based RTX 30-series starting in October.
- While Nvidia doesn’t typically provide a quarterly update at GTC events, it did see an inline October quarter.
- Critical investor topics included the trajectory of the gaming sales recovery, an update on $400 million restrictions on China from shipping older non-A100 data center products, signs of a data center slowdown, the sustainability of auto sales next year and Grace CPU, Metaverse.
- city repeated a purchase on Nvidia and a target price of $248.
- Recently, Mizuho lowered its price target to Nvidia and Advanced Micro Devices, Inc AMD as he believe some hyperscalers could experience a slowdown into late 2022 due to macro concerns.
- Rakesh said a slowdown between Europe and China, memory (DDR5) and PCIe Gen5 are the top server issues as chip offerings have improved significantly across the board.
- He sees data center strength slowing and the negative impact of the ban on sales to China affecting both companies in the near term.
- Price promotion: NVDA shares traded 0.95% higher to $133.24 on the latest check Monday.
- Photo of StockSnap out Pixabay
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