- June 19, 2021
- Posted by: Stratford Team
- Category: Business
Nvidia Corp. has a number of key growth drivers that could help the company triple its data-center sales by 2025, according to an analyst.
The data-center business could become Nvidia’s
NVDA,
+2.19%
largest segment within a few years, wrote Bank of America’s Vivek Arya, as the company capitalizes on growing adoption of artificial-intelligence accelerators, builds momentum in data-processing units (DPUs), and captures “modest” share of the market for server central-processing units (CPUs).
The company is positioned to become a “one-stop-shop” for artificial-intelligence processing, continued Arya, who is increasingly upbeat about the company’s potential. He raised his price objective on Nvidia’s stock to $900 from $800, with the new target being the highest among those by Wall Street analysts.
With AI poised to become more prevalent and more complex, Arya expects that Nvidia’s AI…
