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Nvidia Corp (NASDAQ:NVDA) is advancing technology beyond the digital space, pushing the boundaries of spatial artificial intelligence (AI) and robotics to bring the focus back to the physical world.
Nvidia’s Vice President of Omniverse and Simulation Technology, Rev Lebaredian, told CNBC the real revolution lies in how AI interacts with the physical world.
At the core of Nvidia’s efforts is the Omniverse platform, where Lebaredian and his team develop precise digital replicas of real-world environments.
Also Read: Nvidia Expands AI Offerings with New Open-Source Models and Unreal Engine 5 Plugins
Lebaredian told CNBC creating intelligent robots starts by accurately representing the physical world inside a computer.
Nvidia is applying the technology in autonomous driving, visual assistance, and warehouse automation, where robots can simulate real-world scenarios in virtual spaces.
The stock is trading upwards on Thursday after the U.S. enacted reforms to boost the semiconductor sector.
Under a fresh ruling, the U.S. government fast-tracked the progress of particular U.S. Chips Act beneficiaries by exempting them from federal environmental reviews. The legislation followed the U.S. Fed rate cut to spur discretionary spending.
Nvidia chief Jensen Huang debunked Wall Street concerns by acknowledging huge demand for Nvidia’s Blackwell GPU, which is in full production and progressing as planned.
Nvidia stock is up over 173% in the last 12 months despite losing over 6% in the previous five days.
Investors can gain exposure to Nvidia through Invesco Semiconductors ETF (NYSE:PSI) and SPDR S&P Semiconductor ETF (NYSE:XSD).
When trying to assess whether or not NVIDIA will trade higher from current levels, it's a good idea to take a look at analyst forecasts.
Wall Street analysts have an average 12-month price target of $152.69 on NVIDIA. The Street high target is currently at $200.0 and the Street low target is $90.0. Of all the analysts covering NVIDIA, 33 have positive ratings, 2 have neutral ratings and no one has negative ratings.
In the last month, 2 analysts have adjusted price targets. Here's a look at recent price target changes [Analyst Ratings]. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering NVIDIA have performed in recent history.
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. NVIDIA is 155.38% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about NVIDIA, visit here. If you want to go above and beyond, there's no better tool to help you do just that than Benzinga Pro. Start your free trial today.
Price Action: NVDA stock is up 3.54% at $123.07 at the last check Thursday.
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