Key Highlights:
- Huawei has launched open-source AI models to boost the adoption of its Ascend AI chips, competing against Nvidia.
- Analysts provide a positive outlook for NVIDIA Corp (NVDA, Financial) with notable upside potential.
- GuruFocus' GF Value estimates a significant valuation increase for NVIDIA over the next year.
Huawei has made a strategic move by unveiling open-source versions of its Pangu series AI models. This ambitious step is designed to promote the use of its Ascend AI chips, positioning Huawei as China's formidable challenger to Nvidia (NVDA), particularly as U.S. sanctions on high-performance processors continue to loom. With these advancements, Huawei is poised to strengthen its foothold in the increasingly competitive AI technology landscape.
Wall Street Analysts' Predictions
According to insights provided by 52 analysts, the one-year price target for NVIDIA Corp (NVDA, Financial) averages at $176.84. This projection comes with a high estimate of $372.87 and a low estimate of $100.00. The average target suggests a potential upside of 14.95% from the stock's current trading price of $153.84. For further detailed forecast information, visit the NVIDIA Corp (NVDA) Forecast page.
The collective recommendation from 65 brokerage firms positions NVIDIA Corp (NVDA, Financial) with an average brokerage recommendation of 1.8, signifying an "Outperform" status. The rating scale employed here spans from 1 (Strong Buy) to 5 (Sell), reflecting a favorable stance toward the stock's future prospects.
According to GuruFocus estimates, NVIDIA Corp (NVDA, Financial) boasts an estimated GF Value of $279.87 in one year, representing a remarkable upside of 81.92% from its current price of $153.84. The GF Value is GuruFocus' calculated fair value for the stock, taking into account its historical trading multiples, past business growth, and projected future performance. For more comprehensive data, please explore the NVIDIA Corp (NVDA) Summary page.
