BUY NVDA 9.16.2020
Nvidia's 40 Billion dollar acquisition of arm could mean the new generation for machine learning and AI. The new Nvidia GeForce 30 series graphics cards announced earlier this month will be finally released on September 17 and 24th for the two higher end cards, and in the beginning of October for the budget card. Since the beginning of the pandemic, many people have turned to gaming as a form of entertainment, and PC gaming has become significantly more popular. The new Nvidia Graphics cards are an insane step in gaming, which is one of the factors that I believe will lead to the stock price going up. The new cards are also a massive jump in machine learning technology, something I specialize in. Nvidia has the best libraries and hardware for machine learning and these new cards have an insane amount of VRAM, CUDA cores, and specific architecture built for machine learning, aswell as the massive amounts of libraries and GPU support for many common machine learning libraries. I believe that within the first few weeks of people receiving their new cards and testing them, benchmarks and reports will be published on their gaming and machine learning performance and the world will be amazed. With the acquisition of arm, it seems that Nvidia is making an aggressive push towards a monopoly on machine learning technology (even though they are currently at the top with google right now). This is why I believe that in the long term (1-3 years) the stock price could very well get to $900, but more realistically I would set it at a target price of $2,000 in 2 years from now. This target price and date is partly based on Moore's Law, and the rate of development of current machine learning technology.
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