What should Nvidia reveal at the GTC conference? Citi Analyst Sets Expectations – NVIDIA (NASDAQ:NVDA)

  • Nvidia Corp. NVDA will host a GTC Developer Conference with Jensen’s keynote scheduled for September 20, followed by a Q&A with financial analysts.
  • Town Analyst Atif Malik expects Nvidia to announce new RTX 40-series Ada Lovelace gaming cards with a 2x performance boost over the current-gen Ampere-based RTX 30-series, from october.
  • Although Nvidia doesn’t usually provide an update on the quarter at GTC events, it did see an October quarter online.
  • Critical topics for investors included the trajectory of game sales recovery, an update on China’s $400 million restrictions on shipping older non-A100 data center products, signs of a slowdown in the data center, the sustainability of the automotive sales inflection until next year and Grace CPU, Metaverse.
  • Citi reiterated a buy on Nvidia and a price target of $248.
  • Mizuho recently lowered its price target on Nvidia and Advanced Micro Devices, Inc. AMD as he thinks some hyperscalers could see a slowdown through the end of 2022 due to macro issues.
  • Rakesh said a Europe-China slowdown, memory (DDR5) and PCIe Gen5 were the main concerns for servers as large-scale chip supply has improved significantly.
  • He sees data center strength slowing and the adverse effects of the China sales ban affecting both companies in the short term.
  • Price Action: NVDA shares traded up 0.95% at $133.24 when last checked on Monday.
  • picture by StockSnap of Pixabay

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