Following Nvidia CEO Jensen Huang’s GTC keynote, Evercore ISI analyst C.J. Muse said the firm’s primary takeaway from the event is that Nvidia is seeing accelerating demand for its solutions, driven by the rapid expansion of generative AI and increasing criticality of power efficiency in the data center. The event thus far has gone "largely as expected" and primarily served to increase confidence in Nvidia’s positioning as "the arm’s dealer and enabler of AI adoption across every industry," said the firm, adding that generative AI is marking an inflection point for AI and Nvidia "remains king" in the AI space. The firm reiterates its Outperform rating, $300 price target and "Top Pick" designation on Nvidia.
Published first on TheFly
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