Nvidia Corporation is an American technology company based in Santa Clara, California. It designs graphics processing units for the gaming and professional markets .

One Wall Street analyst predicts Nvidia will beat expectations later this week.



For the July quarter earnings "we ... see upside to estimates in gaming and data center. We think core PC Gaming will benefit from increased demand for Nintendo's Switch and mining GPUs for cryptocurrency," Jefferies semiconductor analyst Mark Lipacis wrote in a note to clients Wednesday.



Lipacis reiterated his buy rating and his $180 price target for Nvidia, representing 6 percent upside to Tuesday's close.





Lipacis wrote:

"Both INTC and AMD reported ASP [average selling price] related upside in client computing during 2Q17, we believe NVDA will report similar ASP benefits in its July quarter results,"



Lipacis said :

"We expect NVDA to begin shipping its next-gen Volta GPU architecture optimized for neural network training [artificial intelligence] in 3Q17," he wrote. "Our field work indicates that the tensor cores (matrix multiplication) NVDA has put into Volta extends NVDA's lead over competitive merchant neural networking processors.

Current Stock Price: $171.03 (by the time i am writing this post)

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