Although the demand for semiconductors is likely to remain strong, investors will probably continue to be worried about a “cyclical slowdown/correction,” the analyst stated. Taking a more bearish view was Deutsche Bank’s Ross Seymore. Kumar maintained a $350 price target and a “buy” rating on the shares. Stating that “Nvidia remains on track to hit supply/demand equilibrium in the second half of 2022,” Piper Sandler analyst Harsh Kumar expects the company to buy back a significant amount of its shares, according to The Fly. Priem in January 1993 and is headquartered in Santa Clara, CA.In separate notes to investors, three analysts recently discussed the outlook of NVDA stock with this backdrop in mind. The company was founded by Jen Hsun Huang, Chris A. The All Other segment refers to the stock-based compensation expense, corporate infrastructure and support costs, acquisition-related costs, legal settlement costs, and other non-recurring charges. The Tegra Processor segment integrates an entire computer onto a single chip and incorporates GPUs and multi-core CPUs to drive supercomputing for autonomous robots, drones, and cars, as well as for consoles and mobile gaming and entertainment devices. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other.

engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software.

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