Is Nvidia Stock Going to $200 in the Wake of Its 10-for-1 Stock Split? 1 Wall Street Analyst Thinks So
How does Nvidia's software complement its hardware offerings according to Rosenblatt Securities analyst Hans Mosesmann?
Rosenblatt Securities analyst Hans Mosesmann believes Nvidia's software complements its hardware offerings by enhancing hardware performance and driving strong sales. He anticipates that the software aspect of Nvidia's business will significantly increase in the next decade in terms of overall sales mix, with an upward bias to valuation due to sustainability2. Mosesmann also notes that Nvidia's popular CUDA platform, which is used by millions of developers building large language models and other programs on top of the company's AI-enabled GPU chips, is a key part of the company's software strategy.
What future trend does Hans Mosesmann predict regarding the demand for Nvidia's software?
Hans Mosesmann predicts that the demand for Nvidia's software will increase over the course of "the next decade in terms of overall sales mix." He believes that the real narrative lies in the software that complements Nvidia's hardware offerings, and this aspect of the business is being overlooked by investors. This growth in demand for software is expected to contribute significantly to Nvidia's future prospects and market position.
What specific role do Nvidia’s chips play in the AI technology landscape?
Nvidia's chips play a crucial role in the AI technology landscape by providing the computational power needed for AI applications. Their graphics processing units (GPUs) are designed to handle parallel processing, making them highly efficient for training AI models. This has led to Nvidia dominating the AI chip market, with its hardware being used by major tech companies like Microsoft, Google, and Amazon. Furthermore, Nvidia's software ecosystem complements its hardware, making it the go-to choice for companies looking to develop and deploy AI solutions2.