- Tigress Financial analyst Ivan Feinseth raised the price target on NVIDIA Corp (NASDAQ:NVDA) to $410 from $400 and kept a Buy rating. The price target implied an upside of 45.3%.
- Nvidia's recent analyst day and GPU Technology Conference, or GTC, highlighted new products and their advancement in AI, further powering data centers, gaming, autonomous technology, and the Omniverse targeting a $1-trillion total addressable market.
- Also Read: 5 Nvidia Analysts On AI Inflection, A $1-Trillion Opportunity, Silicon-Software Split And Sky-High Valuation
- Nvidia raised its long-term TAM to $1 trillion, with a 50-50 breakup between silicon and software.
- Nvidia continued to evolve into the world's leading AI processing provider, likely to be the world's most transformative technology.
- Price Action: NVDA shares traded higher by 1.90% at $287.55 in the premarket on the last check Tuesday.
