1 AI Stock That Could Soar 30%, According to Wall Street
There's no question that Advanced Micro Devices (NASDAQ: AMD) has failed to keep up with rival (NASDAQ: NVDA) in the data-center GPU market. While AMD sells data-center GPUs of its own, aimed at accelerating a wide variety of workloads, estimates for NVIDIA's share in the data-center market run as high as 95%.
NVIDIA's data-center GPUs are powerful, but its biggest advantage is software. It's the ecosystem that NVIDIA has built around its data-center GPUs that has ultimately made them the de facto standard. NVIDIA CUDA, a proprietary parallel-computing platform from NVIDIA that only runs on its own GPUs, has been around for 16 years. NVIDIA has been laying the foundation of its data-center dominance for a long time.
Data-center GPUs can be used for many types of workloads, but artificial intelligence is quickly becoming the most prominent. Training the large language models that make services like OpenAI's ChatGPT possible requires tens of thousands of ultra-powerful GPUs working in tandem to churn through enormous amounts of training data.
Source Fool.com
NVIDIA Corp. Stock
Currently there is a rather positive sentiment for NVIDIA Corp. with 198 Buy predictions and 13 Sell predictions.
As a result the target price of 120 € shows a slightly positive potential of 6.19% compared to the current price of 113.0 € for NVIDIA Corp..
