The value of the shares last Thursday drove the valuation of NVIDIA that for the first time reaches the $ 700 billion valuation. As he aspires to enter the longed-for metaverso, according Emily Bary and MarketWatch.
Optimism in value goes hand in hand with GTC Annual Developer Conference of the firm where they could highlight the opportunities that lie ahead in the face of the metaverse.
The profit pushed the company’s market capitalization to more than $ 700 billion for the first time, according to Dow Jones Market Data, with a valuation of 745 billion dollars at the close of Thursday.
At the beginning of this week it even surpassed in valuation Berkshire Hathaway.
Nvidia will begin its GTC conference on November 8th and is expected to focus on various topics related to artificial intelligence. The analista de Wells Fargo, Aaron Rakerswrote Wednesday night that Nvidia is likely to announce the general availability of its offering. Omniverse Enterprise during the conference, as he seeks to capitalize on opportunities in the “metaverse.”
The change of name from Facebook to Meta and its ambitious metaverse project represent investment opportunities for the firm, estimating the market of this sector in 10 billion dollars in the next five years.
Nvidia’s Omniverse “is an open virtual platform that allows creators to collaborate on Physically accurate 3D simulations / representations in real time“Rakers wrote. Calls for” a short-term inflection in the adoption of Omniverse in the enterprise segment; specifically in design, as real-time simulation increases engineering productivity. “
Rakers raised his target price on Nvidia shares to 320 from $ 245 in his note to clients Wednesday. Rakers is one of two analysts tracked by FactSet to maintain a target price above $ 300 on Nvidia shares.
Nvidia shares closed Thursday with a bullish gap and a large green candle to $ 298.01, practically $ 22 from the price set by Rakers. Meanwhile, the Ei indicators are practically bullish.
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