Nvidia Becoming ‘Wintel For Artificial Intelligence | Artificial intelligence

Just as the combination of Microsoft‘s (MSFT) Windows operating system and Intel (INTC) processors dominated the PC market with the “Wintel” platform, (NVDA) could come to dominate the market for and machine learning systems, a Wall Street analyst said Friday.


“Nvidia is fast becoming the Wintel for artificial intelligence,” Needham analyst Rajvindra Gill said in a note to clients. “We see striking parallels between Nvidia’s dominance in AI/machine learning and the ‘Wintel’ platform during the era of PC computing.”

Set To Capitalize On Next Wave Of Computing

Nvidia’s CUDA computing platform, combined with its proprietary interconnect and artificial intelligence software that handles inferencing and training, make it “uniquely positioned to capitalize on this next wave of computing,” he said.

Gill reiterated his buy rating on Nvidia stock and raised his price target to 350 from 325.

Nvidia stock jumped 1.9% to 276.43 on the stock market today. It reclaimed a 269.30 flat-base buy point on Thursday, and remained in the buy zone Friday. Nvidia is just below its all-time high of 285.22, reached on Sept. 4.

While the broader semiconductor sector struggles, some companies in niche markets are continuing to outperform. They include Nvidia and rival Advanced Micro Devices (AMD). Both companies play in the hot data center and graphics processing unit, or GPU, markets.

Major server makers, enterprise software firms and cloud computing service providers are adopting GPU accelerators, Gill said. They are using accelerators “to process the explosion of heterogeneous workloads including: voice queries, images and videos, natural language processing, and recommender systems,” he said.

AMD Gets Pair Of Bullish Reports

Elsewhere on Wall Street, Argus analyst Jim Kelleher raised his price target on AMD to 40 from 23, while maintaining a buy rating.

AMD stock soared 7.4% to 32.72 on Friday. It notched a 12-year high of 34.14 on Thursday.

On Thursday, FBN Securities analyst Shebly Seyrafi initiated coverage on AMD with an outperform rating a price target of 40.


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