Nvidia: Canaccord Genuity raises estimates further.
(CercleFinance.com) - Canaccord Genuity has raised its estimates again on chipmaker Nvidia, reiterating its "buy" rating on the stock, along with its target price of 190 dollars.
The brokerage firm says checks indicate strong demand following a recent industry conference.
"Our overall bullish thesis on graphics processing unit (GPU) computing is reinforced and we believe Nvidia's emergence as a GPU-centric platform computing company (of which gaming is just one important piece) is now cemented," Canaccord writes in a report.
The broker also believes that datacenter sales could increase to over five billion dollars in the next three years - from today's level of 1.7 billion dollars.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The brokerage firm says checks indicate strong demand following a recent industry conference.
"Our overall bullish thesis on graphics processing unit (GPU) computing is reinforced and we believe Nvidia's emergence as a GPU-centric platform computing company (of which gaming is just one important piece) is now cemented," Canaccord writes in a report.
The broker also believes that datacenter sales could increase to over five billion dollars in the next three years - from today's level of 1.7 billion dollars.
Copyright (c) 2017 CercleFinance.com. All rights reserved.