Nvidia (NVDA) : The King of GPU & DPU 🚀✅
Analysts at Bank of America continue to support NVIDIA and remain bullish on the chip maker’s stock. The bank states that NVIDIA’s continued transformation from a legacy computer chip maker to an industry leader for the next generation of technology trends is widely underappreciated by the markets. The analysts praised NVIDIA’s balance sheet and recent quarterly earnings, and believe that the softer guidance for the rest of the year is a conservaitve outlook from the company. Bank of America reiterated its Buy rating for the stock and a $375 price.
NASDAQ:NVDA saw a nice rally into the Memorial Day long weekend, following a steep sell-off after its first-quarter earnings report. Despite a near 10% sell off after weaker than expected guidance for the rest of 2022, NVIDIA still managed to gain 15.67% during the past week of trading. Much of NVIDIA’s strength was on the back of three consecutive bullish sessions that quickly made investors forget about the previous five months of pain. The markets are still down for the year, but with inflation seemingly being reined in by the Fed’s interest rate hikes, investors are cautiously optimistic that stocks have finally found a bottom. As of Monday evening, stock futures for all three major indices were in the green once again.
Write your comments to me if you know what DPU stands for ? haha
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What’s a DPU?
Specialists in moving data in data centers, DPUs, or data processing units, are a new class of programmable processor and will join CPUs and GPUs as one of the three pillars of computing.
Of course, you’re probably already familiar with the central processing unit. Flexible and responsive, for many years CPUs were the sole programmable element in most computers.
$NVIDIA Corp(NVDA)$
Fundamental Strength
Revenue during the quarter increased 46% year over year to $8.3 billion. Gross profit margin increased by 90 bps to 67.1%, and adjusted earnings per share grew 49% year over year. In a sign of confidence, Nvidia enlarged the share buyback program to up to $15 billion through December 2023.
Nvidia
Data Center is now the biggest segment for the company, and it's firing on all cylinders. This segment delivered $3.8 billion in revenue, growing 15% sequentially and accelerating to 83% growth year on year.
Nvidia