https://www.forex-news.com/
Forex-News has been the world leading economy news website since 2005. It has been a joyful path full of changing variables in this changing world. During the last three years we have also covered some of the most important news regarding Bitcoin and other cryptocurrencies. Wherever the news are, we are there.
Bitcoin
$13,197.49
+197.55
Ethereum
$404.20
-4.41
Litecoin
$57.60
-2.07
DigitalCash
$71.80
-0.58
Monero
$135.65
+2.61
Nxt
$0.01
0
Ethereum Classic
$5.68
-0.02
Dogecoin
$0.00
0

Important step: Analysts bullish for NVIDIA shares: What convinces experts of the potential of the graphics card manufacturer | message

3


• NVIDIA introduces the new generation of graphics processors
• Strong performance and attractive prices
• Analysts raise price target for NVIDIA shares

Last Tuesday, NVIDIA introduced the highly anticipated new generation of graphics cards. The GeForce RTX 30 Series GPUs shine with strong performance, but also with a very affordable entry-level price. Some Wall Street analysts then raised their price targets for the graphics processor specialist.

The new generation of graphics processors

During a virtual event on September 1st, NVIDIA presented the three new graphics card models of its GeForce RTX 30 Series: the GeForce RTX 3090, 3080 and 3070. NVIDIA relies on the so-called Ampere architecture for its new graphics processors, which is based on existing innovations but offers up to twice the performance and 1.9 times the energy efficiency compared to the previous Turing generation, as NVIDIA reports.

“Today’s introduction of NVIDIA Ampere GPUs is a big step into the future,” said founder and CEO Jensen Huang in a press release. “The GeForce RTX 30 series is the work of thousands of years of development and delivers our greatest generational leap ever. NVIDIA RTX brings together programmable shading, ray tracing and AI so that developers can create completely new worlds. In twenty years we will look back and find that the future of gaming began here. “

Of the three new models, the GeForce RTX 3070 is the entry-level model and should be available from October starting at $ 499. The RTX 3070 should be faster than the RTX 2080 Ti, but cost less than half and even be 60 percent faster than the previous model RTX 2070. The GeForce RTX 3080 describes NVIDIA as the ultimate gaming GPU. It is said to be up to twice as fast as RTX 2080 and will be available from September 17th from $ 699. The flagship of the new generation of graphics processors is the GeForce RTX 3090. This graphics card should be up to 50 percent faster than the previous top model, the TITAN RTX, and also work more quietly thanks to the new design and a silencer and for better cooling to care. The RTX 3090 should be available from September 24th from $ 1,499.

NVIDIA benefits from the stay-at-home trend

The release of the GeForce RTX 30 Series GPUs should have been an important step at an opportune time for NVIDIA. Although there is currently not much of the corona crash on the stock markets, the pandemic is still not over – the number of cases is currently rising again in many countries after many holidaymakers return to their homeland. Even if the restrictions are currently not as severe in many places as they were at the beginning of the crisis in spring, NVIDIA could still benefit from the stay-at-home trend for a while.

While NVIDIA shares were quoted at around $ 240 before the Corona crash at the beginning of February, they were able to rise to around $ 504 – an increase of 110 percent (as of September 4, 2020). The day after the release of the new generation of GPUs, NVIDIA shares even rose to $ 589.07 at times, climbing to a new 52-week high.

Analysts confident

Credit Suisse’s John Pitzer raised his target price for NVIDIA shares after the release of the new graphics processors from $ 530 to $ 620 and reiterated his outperform rating. In his opinion, the new chips would extend game growth beyond the third quarter, TheStreet reports.

Mitch Steves of RBC Capital Markets has meanwhile raised his price target for the shares of NVIDIDA from 528 to 610 dollars and also confirmed his outperform rating. The new chips would cement NVIDIA’s status as a “secular winner in the semiconductor sector,” the analyst said. He is also impressed by the wide range of new chips and the attractive prices. He believes the stock is not only capable of long-term, but also short-term strength.

Benchmark analyst Ruben Roy raised his target price for NVIDIA shares from $ 540 to $ 600 and confirmed his buy recommendation. He considers the development of the new GeForce RTX 30 Series to be the biggest generation leap in graphics processor performance in history. Along with pricing, this should give NVIDIA a boost, according to the analyst.

Finanzen.net editorial team

More news on NVIDIA Corp.

Image Sources: Katherine Welles / Shutterstock.com, michelmond / Shutterstock.com



Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More