"Don't Sweat": Nvidia's Recent Slide Is a "Refreshing Noise," BofA Says

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"Don't Sweat": Nvidia's Recent Slide Is a "Refreshing Noise," BofA Says

seekingalpha04-10

Nvidia shares have declined roughly 11% since the company's annual GTC event last month, but Bank of America said this is nothing new for investors and does not mean the fundamentals have changed."...

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Shauket
·04-10
This remind me time when Tesla share price target was set by analysts more than 300 now same doing 150 190 140 😂😂 so don't believe in analysis of analysts
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"Don't Sweat\": Nvidia's Recent Slide Is a \"Refreshing Noise,\" BofA Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-10 22:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4088496-dont-sweat-nvidias-recent-slide-is-a-refreshing-noise-bofa-says><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia shares have declined roughly 11% since the company's annual GTC event last month, but Bank of America said this is nothing new for investors and does not mean the fundamentals have changed.\"...</p>\n\n<a href=\"https://seekingalpha.com/news/4088496-dont-sweat-nvidias-recent-slide-is-a-refreshing-noise-bofa-says\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0321505439.SGD","symbol_name":"Schroder ISF Global Dividend Maximiser A Acc SGD","start_time":0,"source_url":"https://seekingalpha.com/news/4088496-dont-sweat-nvidias-recent-slide-is-a-refreshing-noise-bofa-says","article_id":"2426543462","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2426543462","pubTimestamp":1712757887,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Nvidia  shares have declined roughly 11% since the company's annual GTC event last month, but Bank of America said this is nothing new for investors and does not mean the fundamentals have changed. \"While there is always the potential for near-term summer consolidation in NVDA stock , we believe the fundamentals are solidly on track and periods of consolidation  tend to set the stock up for strong moves later,\" analyst Vivek Arya wrote in an investor note. Arya has a Buy rating and $1,100 price target on Nvidia shares. This marks the ninth time that Nvidia has declined 10% or more for the ninth time since ChatGPT was launched in late 2022. At current levels, shares are \"compelling,\" trading at 28 times estimate 2025 earnings, with earnings growing at a 40% compound annual growth rate, Arya added.  What, me worry?AI darling Nvidia enters correction territory The power sector’s growth is much lower than the demand for Gen-AI power - MS","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","BK4567":"ESG概念","BK4585":"ETF&股票定投概念","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","BK4587":"ChatGPT概念","BK4566":"资本集团","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","BK4077":"互动媒体与服务","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU0444971666.USD":"天利全球科技基金","BK4141":"半导体产品","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","BK4561":"索罗斯持仓","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0557290698.USD":"施罗德环球可持续增长基金","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","BK4512":"苹果概念","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0528227936.USD":"富达环球人口趋势基金A-ACC","LU0238689110.USD":"贝莱德环球动力股票基金","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","BK4514":"搜索引擎","LU0072462426.USD":"贝莱德全球配置 A2","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0061474960.USD":"天利环球焦点基金AU Acc","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4515":"5G概念","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","NVDA":"英伟达"},"translate_title":"“不要流汗”：美国银行表示，英伟达最近的下滑是一种“令人耳目一新的噪音”","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NVDA":1.1},"content_text":"Nvidia shares have declined roughly 11% since the company's annual GTC event last month, but Bank of America said this is nothing new for investors and does not mean the fundamentals have changed.\"While there is always the potential for near-term summer consolidation in NVDA stock (such as we saw from Aug-Dec last year), we believe the fundamentals are solidly on track and periods of consolidation (trading sideways) tend to set the stock up for strong moves later,\" analyst Vivek Arya wrote in an investor note.Arya has a Buy rating and $1,100 price target on Nvidia shares.Nvidia stock rises 1.17% to $863.52 in morning trading.This marks the ninth time that Nvidia has declined 10% or more for the ninth time since ChatGPT was launched in late 2022.At current levels, shares are \"compelling,\" trading at 28 times estimate 2025 earnings, with earnings growing at a 40% compound annual growth rate, Arya added.What, me worry?The increased chatter of competition is also not a concern Arya explained, particularly from Google's (GOOG) (GOOGL) in-house Axion CPUs, which were announced yesterday.\"Since NVDA does not sell any CPU to Google, we see no implication on NVDA, though we do flag a more competitive environment for INTC and AMD,\" Arya said.Google's new central processing units are designed to help with tasks such as powering the company's eponymous search engine and AI-related work. (Google also announced an expected refresh of its TPU v5).Separately on Tuesday, Intel (INTC) unveiled its Gaudi 3 AI accelerator, which will cost a \"fraction\" of what Nvidia's H100 chip costs. Even as the company announced some contract wins from enterprise companies such as Dell (DELL), HP (HPQ) and Lenovo, there was no mention of any cloud win and as such, Arya believes Gaudi 3 will have less than 1% of the AI accelerator market.\"We maintain our core view that NVDA will continue to dominate the ~$90B CY24 accelerator market (rising to $200B by CY27E) with 75%+ share, followed by 10-15% of the market in custom chips (such as Google TPU, Amazon Trainium/Inferentia, Microsoft Maia and others) and remaining 10-15% spread across other merchant (AMD, INTC, private companies),\" Arya said.\"We have seen nothing thus far that changes this view, and indeed NVDA's Blackwell product with its leading training and inference performance, plus NVDA's strong enterprise presence makes us more confident in the company's ability to maintain/gain share.\"","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":293795416141944,"gmtCreate":1712758854321,"gmtModify":1712758858327,"author":{"id":"3581597896437545","authorId":"3581597896437545","name":"Shauket","avatar":"https://community-static.tradeup.com/news/32f579b8ae7ec8ef939a3a32f3f6cffe","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":2,"crmLevelSwitch":1,"idStr":"3581597896437545","authorIdStr":"3581597896437545"},"htmlText":"This remind me time when Tesla share price target was set by analysts more than 300 now same doing 150 190 140 😂😂 so don't believe in analysis of analysts&nbsp;","listText":"This remind me time when Tesla share price target was set by analysts more than 300 now same doing 150 190 140 😂😂 so don't believe in analysis of analysts&nbsp;","text":"This remind me time when Tesla share price target was set by analysts more than 300 now same doing 150 190 140 😂😂 so don't believe in analysis of analysts","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293795416141944","repostId":2426543462,"repostType":2,"repost":{"id":"2426543462","kind":"highlight","pubTimestamp":1712757887,"share":"https://ttm.financial/m/news/2426543462?lang=&edition=fundamental","pubTime":"2024-04-10 22:04","market":"us","language":"en","title":"\"Don't Sweat\": Nvidia's Recent Slide Is a \"Refreshing Noise,\" BofA Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2426543462","media":"seekingalpha","summary":"Nvidia  shares have declined roughly 11% since the company's annual GTC event last month, but Bank of America said this is nothing new for investors and does not mean the fundamentals have changed. \"While there is always the potential for near-term summer consolidation in NVDA stock , we believe the fundamentals are solidly on track and periods of consolidation  tend to set the stock up for strong moves later,\" analyst Vivek Arya wrote in an investor note. Arya has a Buy rating and $1,100 price target on Nvidia shares. This marks the ninth time that Nvidia has declined 10% or more for the ninth time since ChatGPT was launched in late 2022. At current levels, shares are \"compelling,\" trading at 28 times estimate 2025 earnings, with earnings growing at a 40% compound annual growth rate, Arya added.  What, me worry?AI darling Nvidia enters correction territory The power sector’s growth is much lower than the demand for Gen-AI power - MS","content":"<html><head></head><body><p>Nvidia shares have declined roughly 11% since the company&#39;s annual GTC event last month, but Bank of America said this is nothing new for investors and does not mean the fundamentals have changed.</p><p>&#34;While there is always the potential for near-term summer consolidation in NVDA stock (such as we saw from Aug-Dec last year), we believe the fundamentals are solidly on track and periods of consolidation (trading sideways) tend to set the stock up for strong moves later,&#34; analyst Vivek Arya wrote in an investor note.</p><p>Arya has a Buy rating and $1,100 price target on Nvidia shares.</p><p>Nvidia stock rises 1.17% to $863.52 in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6c539f6dc75922f1a44a5e3690bc98f9\" tg-width=\"802\" tg-height=\"618\"/></p><p>This marks the ninth time that Nvidia has declined 10% or more for the ninth time since ChatGPT was launched in late 2022.</p><p>At current levels, shares are &#34;compelling,&#34; trading at 28 times estimate 2025 earnings, with earnings growing at a 40% compound annual growth rate, Arya added.</p><h2 id=\"id_1098853886\">What, me worry?</h2><p>The increased chatter of competition is also not a concern Arya explained, particularly from Google&#39;s (GOOG) (GOOGL) in-house Axion CPUs, which were announced yesterday.</p><p>&#34;Since NVDA does not sell any CPU to Google, we see no implication on NVDA, though we do flag a more competitive environment for INTC and AMD,&#34; Arya said.</p><p>Google&#39;s new central processing units are designed to help with tasks such as powering the company&#39;s eponymous search engine and AI-related work. (Google also announced an expected refresh of its TPU v5).</p><p>Separately on Tuesday, Intel (INTC) unveiled its Gaudi 3 AI accelerator, which will cost a &#34;fraction&#34; of what Nvidia&#39;s H100 chip costs. Even as the company announced some contract wins from enterprise companies such as Dell (DELL), HP (HPQ) and Lenovo, there was no mention of any cloud win and as such, Arya believes Gaudi 3 will have less than 1% of the AI accelerator market.</p><p>&#34;We maintain our core view that NVDA will continue to dominate the ~$90B CY24 accelerator market (rising to $200B by CY27E) with 75%+ share, followed by 10-15% of the market in custom chips (such as Google TPU, Amazon Trainium/Inferentia, Microsoft Maia and others) and remaining 10-15% spread across other merchant (AMD, INTC, private companies),&#34; Arya said.</p><p>&#34;We have seen nothing thus far that changes this view, and indeed NVDA&#39;s Blackwell product with its leading training and inference performance, plus NVDA&#39;s strong enterprise presence makes us more confident in the company&#39;s ability to maintain/gain share.&#34;</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"Don't Sweat\": Nvidia's Recent Slide Is a \"Refreshing Noise,\" BofA Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"Don't Sweat\": Nvidia's Recent Slide Is a \"Refreshing Noise,\" BofA Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-10 22:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4088496-dont-sweat-nvidias-recent-slide-is-a-refreshing-noise-bofa-says><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia shares have declined roughly 11% since the company's annual GTC event last month, but Bank of America said this is nothing new for investors and does not mean the fundamentals have changed.\"...</p>\n\n<a href=\"https://seekingalpha.com/news/4088496-dont-sweat-nvidias-recent-slide-is-a-refreshing-noise-bofa-says\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU0444971666.USD":"天利全球科技基金","BK4561":"索罗斯持仓","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","BK4512":"苹果概念","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4514":"搜索引擎","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0557290698.USD":"施罗德环球可持续增长基金","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0528227936.USD":"富达环球人口趋势基金A-ACC","LU0238689110.USD":"贝莱德环球动力股票基金","BK4515":"5G概念","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0072462426.USD":"贝莱德全球配置 A2","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4585":"ETF&股票定投概念","BK4567":"ESG概念","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0061474960.USD":"天利环球焦点基金AU Acc","BK4566":"资本集团","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","BK4587":"ChatGPT概念","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","NVDA":"英伟达","BK4077":"互动媒体与服务","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","BK4141":"半导体产品","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC"},"source_url":"https://seekingalpha.com/news/4088496-dont-sweat-nvidias-recent-slide-is-a-refreshing-noise-bofa-says","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2426543462","content_text":"Nvidia shares have declined roughly 11% since the company's annual GTC event last month, but Bank of America said this is nothing new for investors and does not mean the fundamentals have changed.\"While there is always the potential for near-term summer consolidation in NVDA stock (such as we saw from Aug-Dec last year), we believe the fundamentals are solidly on track and periods of consolidation (trading sideways) tend to set the stock up for strong moves later,\" analyst Vivek Arya wrote in an investor note.Arya has a Buy rating and $1,100 price target on Nvidia shares.Nvidia stock rises 1.17% to $863.52 in morning trading.This marks the ninth time that Nvidia has declined 10% or more for the ninth time since ChatGPT was launched in late 2022.At current levels, shares are \"compelling,\" trading at 28 times estimate 2025 earnings, with earnings growing at a 40% compound annual growth rate, Arya added.What, me worry?The increased chatter of competition is also not a concern Arya explained, particularly from Google's (GOOG) (GOOGL) in-house Axion CPUs, which were announced yesterday.\"Since NVDA does not sell any CPU to Google, we see no implication on NVDA, though we do flag a more competitive environment for INTC and AMD,\" Arya said.Google's new central processing units are designed to help with tasks such as powering the company's eponymous search engine and AI-related work. (Google also announced an expected refresh of its TPU v5).Separately on Tuesday, Intel (INTC) unveiled its Gaudi 3 AI accelerator, which will cost a \"fraction\" of what Nvidia's H100 chip costs. Even as the company announced some contract wins from enterprise companies such as Dell (DELL), HP (HPQ) and Lenovo, there was no mention of any cloud win and as such, Arya believes Gaudi 3 will have less than 1% of the AI accelerator market.\"We maintain our core view that NVDA will continue to dominate the ~$90B CY24 accelerator market (rising to $200B by CY27E) with 75%+ share, followed by 10-15% of the market in custom chips (such as Google TPU, Amazon Trainium/Inferentia, Microsoft Maia and others) and remaining 10-15% spread across other merchant (AMD, INTC, private companies),\" Arya said.\"We have seen nothing thus far that changes this view, and indeed NVDA's Blackwell product with its leading training and inference performance, plus NVDA's strong enterprise presence makes us more confident in the company's ability to maintain/gain share.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":6,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}