NVIDIA Stock Outlook: Rosenblatt Raises Price Target on AI Software Profits

The article discusses Rosenblatt Securities’ analyst Hans Mosesmann’s bullish outlook on NVIDIA’s stock. Mosesmann raised his price target for NVIDIA to $800 from $500, citing the company’s potential to generate significant profits from its AI software offerings. He believes NVIDIA’s AI software could generate $10 billion in revenue by 2024, driven by the growing demand for AI applications across various industries. Mosesmann expects NVIDIA’s AI software to be widely adopted in areas like generative AI, large language models, and computer vision. He also sees opportunities for NVIDIA in the metaverse and gaming sectors. The analyst’s price target increase reflects his confidence in NVIDIA’s ability to capitalize on the AI software market and drive long-term growth.

Source: https://markets.businessinsider.com/news/stocks/nvidia-stock-outlook-rosenblatt-price-target-increase-ai-software-profits-2024-6