Nvidia will produce such a massive 'cash gusher' that it will have to buy back more stock because all that money has nowhere else to go, analyst says
What is Nvidia's "full stack" approach?
Nvidia's "full stack" approach refers to the company's strategy of developing both hardware and software components to optimize computing systems for artificial intelligence (AI) tasks. This involves creating a comprehensive platform that includes GPUs, acceleration libraries, systems, and applications, which are continuously optimized to deliver high performance and efficiency for AI workloads.
How much is Ben Reitzes' price target for Nvidia stock?
Ben Reitzes' price target for Nvidia stock is $160, which implies a 30% gain from the closing price on the day he made the prediction. Reitzes, a managing director and head of technology research at Melius Research, is optimistic about Nvidia's position in the AI industry, citing its "full stack" approach with hardware and software as a key advantage1.
What significant stock activity did Nvidia announce in August?
In August, Nvidia announced a $25 billion repurchase program as part of its efforts to return capital to shareholders. This move highlights the company's strong financial position and its commitment to shareholder returns amidst the booming AI industry.