Why Artificial Intelligence Could Be NVIDIA’s Golden Goose
NVIDIA (NASDAQ: NVDA) is using its GPUs (graphics processing units) to make a big splash in the field of artificial intelligence (AI). The graphics specialist is leveraging the immense computational capacities of its GPUs, which can perform a huge number of mathematical calculations in a parallel manner, for enabling AI across several applications.
NVIDIA has started witnessing terrific growth in some of its businesses that rely on AI. For instance, NVIDIA's automotive business increased almost 20% year over year in the last reported quarter; the company's DRIVE PX2 autonomous vehicle platform uses AI to help cars drive themselves.
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Source: Fool.com
NVIDIA Corp. Stock
€181.00
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Currently there is a rather positive sentiment for NVIDIA Corp. with 226 Buy predictions and 6 Sell predictions.
As a result the target price of 216 € shows a slightly positive potential of 19.34% compared to the current price of 181.0 € for NVIDIA Corp..
