AI News, WDC191011C00064500 (WDC191011C00064500) Stock Price ... artificial intelligence

Nvidia Stock Is Benefiting From the Next Big Artificial Intelligence Trend

Bank of American Merrill Lynch analyst Vivek Arya reaffirmed his Buy rating for Nvidia stock on Tuesday and raised his price target to $250 from $225.

“NVDA’s data center growth is on the cusp of benefiting from the next-big AI landmark—the ability to accurately listen, understand, speak and contextualize human speech, referred to as natural language processing (NLP)/conversational AI,” he wrote.

While Arya is bullish on the company’s long-term opportunity, he admits there are near-term risks, because cloud-computing spending is weak and data-center sales may be mixed later this year.

Air Liquide and Sinopec Sign an MoU to Accelerate the Deployment of Hydrogen Mobility Solutions in China

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