CICC analysts recently highlighted NVIDIA’s (NASDAQ:NVDA) strong positioning within the AIGC (AI-Generated Content) domain, attributing this to its pioneering role in accelerated computing, along with its technological edge and robust ecosystem. The firm has initiated coverage on NVIDIA with an Outperform rating and a target price of $870.
They emphasized NVIDIA’s potential to benefit from the burgeoning demand for AIGC infrastructure, underpinned by its AI technology prowess and extensive ecosystem. The analysis further pointed out the significant contribution of cloud and AIGC to the exponential growth of NVIDIA’s data center business. NVIDIA’s integration of software and hardware is seen as pivotal in advancing computing platforms and solidifying its competitive edge.
Additionally, the firm noted that NVIDIA will continue to lead the high-end graphics card market in the gaming sector, supported by its technological advancements and comprehensive ecosystem.