TD Cowen Investment Bank: NVIDIA technology stack implementation scenario far exceeds market awareness
TD Cowen Investment Bank stated that the actual application scenarios of Nvidia's technology system are far broader than the current market understanding, and it has extremely high allocation value and is worthy of investors' inclusion in their portfolios. The bank gave the computing power giant Ratings, which ranks it as a top recommendation with a price target of $275, representing 35% upside potential from Wednesday's closing price. Analyst Joshua Buchart pointed out to clients in a research report on Wednesday: "Nvidia is sending a clear signal to the market - the supply of computing power is still in short supply; the market's interpretation of its complete technology stack and potential business opportunities is too narrow." The analyst mentioned that current AI applications are gradually moving from general-purpose large language models to Vertical industry-specific models and domain-specific intelligent solutions Iteration, and NVIDIA has sufficient capabilities to adapt to this development trend. He added that about 20% of NVIDIA's business revenue comes from providing computing power support for cutting-edge large model companies such as OpenAI and Anthropic; TD Cowen estimates that revenue from enterprise-level AI applications in various industries currently accounts for 10%-15% of NVIDIA's total revenue.