Improving PC Demand Will Drive NVIDIA Corporation Stock
NVIDIA will benefit from the improvement in PC demand. NVIDIA is well positioned for growth in great new markets including virtual-reality gaming, artificial intelligence, IoT, and robotics. The average target price of the top analysts is at $66.57, however, in my opinion, shares could go even higher. On September 16, Intel (NSDQ:INTC) announced that third-quarter revenue is expected to be above the company’s previous outlook. According to Intel, the increase in revenue is primarily driven by replenishment of PC supply chain inventory. The company is also seeing some signs of improving PC demand. As a result, Intel’s shares climbed 3.12% on the same day to $37.67 their highest closing price in more than 18 months. Improving PC demand is an excellent news also for NVIDIA (NSDQ:NVDA). Since NVIDIA’s graphics processing unit…
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Improving PC Demand Will Drive NVIDIA Corporation Stock
