Nvidia stock still has 50% upside, according to Rosenblatt analyst Hans Mosesmann.
That's according to Rosenblatt semiconductor analyst Hans Mosesmann, who increased his Nvidia price target to a street-high $200 per share on Tuesday.
But going forward, the real profit story for Nvidia isn't in its hardware-focused GPU business, but rather in its software business, which is spearheaded by Nvidia's popular CUDA platform.
Right now, Nvidia's hardware business is going through an unprecedented boom period.
Mosesmann's bullishness on Nvidia's software platform was echoed by I/O Fund Tech analyst Beth Kindig last month.
Persons:
Rosenblatt, Hans Mosesmann, Mosesmann, —, Hopper, Blackwell, Rubin, Beth Kindig, Kindig
Organizations:
Nvidia, Service, Rosenblatt, Nvidia isn't, O Fund Tech