Nvidia partners Hon Hai, Quanta see strong AI demand into 2025 [Yahoo! Finance Canada]
NVIDIA Corporation (NVDA)
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Source: Yahoo! Finance Canada
(Bloomberg) — Nvidia Corp.'s ( NVDA ) Taiwan hardware partners Hon Hai Precision Industry Co. ( HNHPF ) and Quanta Computer Inc. ( 2382.TW ) are forecasting a boom in AI server demand to continue into next year. Most Read from Bloomberg Key iPhone assembler Hon Hai, also know as Foxconn, and MacBook assembler Quanta reported earnings ahead of expectations on Thursday, thanks to a global rollout in AI-supporting data centers. NVIDIA Corporation (NVDA) Hon Hai and Quanta, two of the world's biggest assemblers of servers that house Nvidia's AI accelerators, sought to tamp down concerns that data center spending may soon decelerate. Dutch chip tool maker ASML Holding NV echoed the bullish sentiment, reaffirming its long-term revenue outlook for AI chip demand. Hon Hai expects AI server sales to make up 50% of its total server business in 2025. Cloud products, aided by the AI server boom, would become a pillar of growth for the company next year and match its mobile phones in sa
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News
- NVIDIA Corporation (NVDA) and Softbank Team Up to Power AI Revolution in Japan [Yahoo! Finance]Yahoo! Finance
- NVIDIA Co. (NASDAQ: NVDA) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $160.00 price target on the stock, up previously from $138.00.MarketBeat
- NVIDIA Co. (NASDAQ: NVDA) had its price target raised by analysts at Raymond James from $140.00 to $170.00. They now have a "strong-buy" rating on the stock.MarketBeat
- NVIDIA Co. (NASDAQ: NVDA) had its price target raised by analysts at Oppenheimer Holdings Inc. from $150.00 to $175.00. They now have an "outperform" rating on the stock.MarketBeat
- NVIDIA Co. (NASDAQ: NVDA) had its price target raised by analysts at HSBC Holdings plc from $145.00 to $200.00. They now have a "buy" rating on the stock.MarketBeat
NVDA
Earnings
- 2/21/24 - Beat
NVDA
Sec Filings
- 11/14/24 - Form 13F-HR
- 11/12/24 - Form SC
- 11/7/24 - Form 8-K
- NVDA's page on the SEC website