Super Micro $SMCI is working with Foxconn, Sharp, KDDI and others on a large-scale data center in Japan featuring Nvidia $NVDA GPUs, to offer “powerful performance” for gen AI and ML applications and large scale LLMs.
April US CPI annual inflation rises 3.3%, below expectations for 3.4%.
Core CPI inflation increased 3.4% Y/Y, compared to forecasts for a gain of 3.5%.
🟢 Goldman Sachs raised its price target for Nvidia to $135 from $120.
🟢 Argus increased its Nvidia target to $150 from $110.
🟢 Oppenheimer lifted its Nvidia target to $150 from $110.
$NVDA
Many investors are surprised that Nvidia $NVDA has surpassed Apple $AAPL, and will pass Microsoft $MSFT any day now to become the world’s most valuable company.
I want to make it abundantly clear that from a technological standpoint Nvidia has run circles around the FAANGs over the past 8 years as it transformed from a GPU company to an AI systems company powering the $15T AI economy.
My analysis this week focuses on the 10,000-foot view of how we reached $3 trillion today and how we will reach $10 trillion by 2030 or sooner.