It’s easy to become enamored with artificial intelligence (AI) thanks to all the new advances it represents. It can answer questions, control an entire smart house, or even make movies, and that’s just for starters. But we don’t ask much about AI security, a question that chip maker Nvidia (NASDAQ:NVDA) is poised to answer with a little help from tech company Cisco (NASDAQ:CSCO). The duo will work together on a suite of tools that will help enterprise users put AI to work while protecting it from hackers.
Nvidia will offer up its Nvidia AI Enterprise system, and both will have AI infrastructure tools available for users to put to work. Those interested in getting in on this deal will need to turn to Cisco’s global sales channels and current Cisco sales partners, reports note. The move is already drawing customers, including ClusterPower, a European cloud services provider who wanted access to client infrastructure protection systems.
Is the Party Over?
Here’s a distressing thought for Nvidia investors, though; some are looking for the party to ultimately come to an end. Sandeep Gupta, an analyst with Barclays, recently offered up a note on Nvidia that looked alarmingly like a sell note. Gupta works on the fixed-income side of Barclays, which explains why Barclays is still overall bullish, reiterating a price target of $650. But Gupta notes that there’s a lot more competition for AI hardware now than there was, and the 98% of the market share that Nvidia enjoys right now isn’t likely to remain the case much longer.
Is NVDA a Buy Right Now?
Turning to Wall Street, analysts have a Strong Buy consensus rating on NVDA stock based on 34 Buys and four Holds assigned in the past three months, as indicated by the graphic below. After a 205.71% rally in its share price over the past year, the average NVDA price target of $682.76 per share implies 0.2% upside potential.
