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Redburn-Atlantic Starts Coverage on NVIDIA with Buy Rating, Citing Growth in Accelerated Computing


Redburn-Atlantic analysts initiated coverage on NVIDIA (NASDAQ:NVDA), assigning a Buy rating and setting a price target of $178 on the stock. The analysts highlighted NVIDIA’s leadership in accelerated computing, a field that has become increasingly relevant as traditional advances in computing efficiency, such as Moore’s Law and Dennard scaling, have slowed.
Currently, accelerated computing is heavily driven by artificial intelligence workloads. Over the next decade, however, the cost efficiencies of this technology are expected to broaden its appeal, making it a valuable tool for a variety of traditional computing tasks and software applications. NVIDIA is positioned to benefit from this shift, as AI-driven coding capabilities developed in the first wave of AI will likely support a new wave of accelerated computing by updating core software used in general-purpose computing.
The analysts acknowledged that adoption of accelerated computing may not progress in a linear fashion but emphasized that the fundamental drivers supporting its growth are structural.

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