ZEUS Investments Releases Report: Raising NVIDIA Rating to ‘Outperform’

Seoul, South Korea – June 06, 2024 – (SeaPRwire) – In a significant development for investors, Seoul, South Korea-based investment and wealth management boutique, ZEUS Investments has released a research report, upgrading stock in technology giant, NVIDIA Corporation to ‘Outperform’ from its previous “Hold” rating. The decision comes following the May 22nd release of the company’s standout Q1 fiscal year 2024 earnings, a comprehensive broader market analysis and a reassessment of NVIDIA’s position within its sector.

NVIDIA, a global leader in semiconductor and graphics processing technology, has long been at the forefront of innovation, driving advancements in artificial intelligence, gaming, data centers, and autonomous vehicles. The company’s commitment to research and development, coupled with its strategic acquisitions and partnerships, has positioned it as a key player in shaping the future of computing.

Powering AI

George Zhu, Co-Founder at ZEUS Investments, explained the reasoning for the upgrade in a research note sent to clients earlier stating, “NVIDIA is well-positioned to capitalize on several key trends, including the growing demand for AI and machine learning solutions, the relentless proliferation of gaming and eSports, and the expansion of data centers to support cloud computing and big data analytics.”

Optimistic outlook

The elevation to ‘outperform’ reflects the investment manager’s optimistic outlook for NVIDIA’s growth prospects, its ability to generate value for shareholders and to perform better than the overall market. With the company’s impressive track record for delivering innovative products and maintaining a competitive edge, ZEUS Investments believes that NVIDIA is suitably positioned to sustain its momentum and drive long-term shareholder returns.

Conservative price target

The firm lifted its price target for NVIDIA to $1,100.00, a somewhat conservative number when compared to price objectives issued elsewhere in the marketplace.

The company is currently valued in the region of US$2.5 trillion placing it in the exclusive club of tech giants like Microsoft, Apple and Google’s parent, Alphabet.

About ZEUS Investments

ZEUS Investments is a leading investment management firm dedicated to delivering superior investment results and exceptional client service. With a team of experienced professionals and a disciplined approach to investing, we strive to provide our clients with innovative solutions and opportunities for long-term growth.

For media inquiries

Brand: ZEUS Investments South Korea

Contact: Hyeong Kwang-Sun

Website: https://zeusnus.com

SOURCE: ZEUS Investments South Korea

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