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Technology Stocks : NVIDIA Corporation (NVDA)
NVDA 223.990.0%Dec 13 4:00 PM EST

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From: JakeStraw9/14/2018 9:15:36 AM
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Nvidia shares rise after analyst says 'dominance' in machine learning spells even more upside
Needham hikes its price target and earnings estimates on Nvidia, sending shares prices higher.
Analyst Rajvindra Gill's new price target of $350, up from $325, implies 29 percent upside over the next 12 months from Thursday's close.
cnbc.com
The analyst said Nvidia's new TensorRT Hyperscaler Platform should yield greater market share in artificial intelligence, the tool needed for computers to draw conclusions — or inferences — based on machine learning (ML).

"We see striking parallels between NVIDIA's dominance in artificial intelligence / ML and the 'Wintel' platform during the era of PC computing," Gill wrote. Wintel refers to the pre-eminence of Microsoft's Windows and Intel during the rise of the PC-desktop revolution.

"As these neural networks get bigger in size, the use cases expand exponentially and the demand for maximum throughput and server utilization becomes even more vital," he added.
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