Merrill Lynch Remains Positive on NVIDIA Corporation (NVDA); Recognizes Multi-Billion Dollar …

Merrill Lynch analyst Vivek Arya is out with a research report on NVIDIA Corporation (NASDAQ:NVDA) after hosting a lunch meeting with the company’s head of accelerating computing, Ian Buck, as well as the Investor Relations (IR) team last week as part of an artificial intelligence (AI) bus tour hosted by Bank of America Merrill Lynch. Following the meeting, Arya emerges with key takeaways and reiterates a Buy rating on NVDA with a price target of $80, which represents a nearly 20% increase from where the shares last closed. First, Arya notes that though NVDA’s quarterly prospects have been on the “lumpy” side, he glimpses possibility for $5 to $10 billion in “addressable opportunity” by 2020 projected for the chip maker in deep learning coupled with supercomputing accelerators, from a current…


Link to Full Article: Merrill Lynch Remains Positive on NVIDIA Corporation (NVDA); Recognizes Multi-Billion Dollar …