Should NVIDIA Be Trading At A Premium To Its Peers?

Canaccord Genuity’s Matthew D. Ramsay believes NVIDIA Corporation (NASDAQ: NVDA) shares deserve to trade at a premium to the semiconductor group, with upside expected to the near-term consensus forecasts. Ramsay maintains a Buy rating on the company, while raising the price target from $45 to $55. Premium Warranted Ramsay explained that the valuation premium was warranted given the investments made by management in both developer/tools and hardware technology innovation and the premium-tier installed base that is both expanding and sticky. Related Link: Trip Chowdhry Shares Insights Into Apple’s Machine Learning & Deep Learning Initiatives “Following the launch of Pascal and in light of the recent strong growth in enterprise and automotive revenue, we maintain our belief NVIDIA’s transformation from a PC-leveraged GPU supplier to a diverse visual-computing company is now…


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