Tigress Financial sets a new price target for Nvidia Corporation (NASDAQ:NVDA) at $350, indicating a potential growth of approximately 99.87%.Google's initiative could challenge Nvidia's software advantage in the semiconductor industry, potentially impacting its market position.Nvidia's dominance in the AI hardware market is threatened by Google's TPU strategy, which could limit Nvidia's future share in the AI sector.Nvidia Corporation (NASDAQ:NVDA) is a leading player in the semiconductor industry, known f ...

Core Insights - Nvidia is a leader in the AI revolution, providing essential GPUs and the CUDA software ecosystem, while Broadcom focuses on networking chips and AI accelerators [1] - Broadcom's stock has increased by 53% year-to-date, outperforming Nvidia's 38% gain and the Nasdaq Composite Index's 20% increase [2] Company Performance - Broadcom has reported record results, with a total revenue of $15.9 billion in Q3, representing a 22% year-over-year increase, marking its fourth consecutive record quarter [5] - The semiconductor revenue reached $9.2 billion, a 26% year-over-year rise, primarily driven by AI sales, with AI semiconductor revenue increasing by 63% to $5.2 billion [5] Business Segments - The Semiconductor Solutions segment is the backbone of Broadcom's business, while the Infrastructure Software segment has started to grow significantly following the VMware acquisition in 2023 [4] - Broadcom's XPU business, which provides custom AI accelerators, accounted for 65% of its AI revenue in Q3, driven by demand from hyperscale customers [6] Strategic Developments - Broadcom secured a $10 billion order for AI racks from a significant customer, speculated to be OpenAI, indicating strong demand for its AI solutions [6]

Group 1 - Nvidia Corporation is recognized as a high-growth semiconductor stock with profitability expected in 2025, receiving an 'Overweight' rating from KeyBanc with a price target of $250, reflecting confidence in the company's prospects due to strong hyperscaler demand [1][2] - KeyBanc anticipates Nvidia will benefit from increasing demand for GB200/300 products, projecting revenue of $56.3 billion and earnings per share of $1.28 for the upcoming results on November 19, surpassing consensus estimates of $54.5 billion and $1.24 [2] - The company is expected to ship 30,000 racks in 2023, with 10,500 in Q3 and 14,000 in Q4, and financial results are likely to improve due to renewed shipments of RTX6000D products to Chinese customers [3] Group 2 - Nvidia is a semiconductor giant specializing in accelerated computing products and platforms, primarily GPUs, serving key sectors such as data centers, gaming, professional visualization, and autonomous vehicles, and is a major provider of hardware and the CUDA software ecosystem that supports AI development [4]