The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Robert Lakin did not have (either directly or indirectly) any positions in the securities mentioned in this article. Data center sales were up 79% from last year to $2.05 billion. At Truist, analyst William Stein has raised his price target to $910 and has a “buy” rating on NVDA shares.Įarlier this year, Nvidia said revenue from chips used for gaming, which make up about half of its overall total, rose 106% from last year to $2.76 billion, while sales of its CMP product line, the choice of crypto miners, came in at $155 million. Rick Schafer, an Oppenheimer analyst has a price target of $925 with an “outperform” rating. The analyst believes that the gaming demand will remain robust and will drive sales. KeyBanc analyst John Vinh has an “overweight” rating with a price target of $950. Wall Street continue to see only green for Nvidia, as 26 out of 27 analysts rate it a “buy,” according to Tipranks. In April, Nvidia unveiled its first central processing unit (CPU), called Grace, which uses Arm’s chip designs for high-end computing and AI applications. In September, Nvidia unveiled new GeForce gaming graphics processing units (GPUs). It also will become a major player as a provider for the chip industry and will rule the world of artificial intelligence (AI). Once this deal closes, Nvidia will enjoy a competitive advantage in the industry. This means the odds of closing by the March 2022 deadline are falling by the day. The European Commission needs until September to gather information before it can accept a formal application. The tech maker is pushing ahead with its $40 billion acquisition of UK-based chipmaker Arm, despite reports last month that the deal could go south. NVDA is the largest holding in the exchange-traded fund’s 32-stock portfolio, at a 9.24% weight. By comparison, the iShares Semiconductor ETF (NASDAQ: SOXX) has increased 12.8%.

The split comes as the shares have gained about 43% this year, fueled by demand for data-center chips and its technology that’s favored by gamers and cryptocurrency miners.

What is nvda split