The company also announced a new enterprise software product known as Nvidia Inference Microservice. This makes it easier to run his older generation Nvidia GPUs.
“You're not the only one who can fill a stadium like Jensen delivered the GTC keynote to a sold-out crowd at the SAP Center in San Jose, better than Taylor Swift,” Bernstein analysts said Tuesday. wrote in a note to investors, and continued to outperform. He rates the stock and has a price target of $1,000.
Wells Fargo analysts expressed cautious optimism on the semiconductor maker's announcement, reiterating their overweight rating on Nvidia stock while raising their price target to $970 from $840.
“While NVDA reiterated its emphasis on full-stack/platform differentiation, we believe some may have been expecting a little more from the Blackwell B200 launch,” the analysts wrote in a note.
Still, Wells Fargo analysts wrote that the news confirms a “long-standing positive thesis” about Nvidia's technology and monetization opportunities.
Goldman Sachs analysts maintained a “buy” rating on Nvidia's stock while raising their price target to $1,000 from $875 on Tuesday, citing the company's keynote speech and raising expectations for Nvidia's innovation, customers and partners. He expressed a “new appreciation” for the company's relationship with Japan and its extremely important role in the field of generative AI. .
“Based on recent industry conversations, we expect Blackwell to be the fastest growing product in Nvidia's history,” the analysts wrote in a note to investors. “Nvidia has played (and will continue to play) a critical role in democratizing AI across many industries.”
