At the 2020 Analyst Day, the company had put the 2024 TAM at $100 billion. Ross expects the company to upwardly revise the TAM (total addressable market) for its Data Center business.

The next week would be crucial for NVDA stock and the announcements made at the event could have a market-moving impact.ĭeutsche Bank analyst Ross Seymore expects Nvidia to provide a “characteristically positive message.” He said, “we look for the company to provide an update on sustainability of demand, supply trends, as well as any risk of crypto overhang (note increased risk language around crypto in recent quarterly filings/transcripts).” It would also hold the annual analyst day on Tuesday which would have the keynote address by its CEO Jensen Huang. Nvidia would hold its annual GTC technical conference next week between Monday to Thursday. Finally, Nvidia decided that it was better to call off the deal. However, from the beginning, the acquisition was facing challenges in the UK. The deal, which was structured as a mix of cash and stock would have made Nvidia the market leader in mobile chips. Last month Nvidia called off its deal with SoftBank to acquire Arm Holdings. The stock has created significant investor wealth over the last decade as it has grown its business multi-fold over the period, snatching away the market share from peers. Nvidia was among the best performing S&P 500 stocks in 20. What’s the forecast for NVDA stock and is it a good buy now? However, the stock is still down almost 25% from its 52-week highs and is in a bear market territory. Nvidia (NVDA) stock is up almost 6% today and has now bridged its YTD losses to around 16%. The content on this page is for information purposes only. Please note that we are not authorised to provide any investment advice.

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