Nvidia and AMD Shares Will Gain From Respective Pascal, Polaris GPUs, Reports MKM
According to Ian Ing, the MKM Partners analyst, both Nvidia and AMD shares will gain from their respective new GPUs. The analyst stressed that the launch of next generation GPUs is a good thing for both GPU makers and that it will prove fruitful in the long term. Nvidia launched their Pascal based range of GPUs and AMD on the other hand is gearing up for the release of their Polaris based GPU, the RX 480.
The analyst says that the companies will benefit from core gaming as well as the VR applications that have emerged. This in turn will take these companies to new heights. The analyst reviewed Nvidia and AMD shares and raised his target from $4 to $5 for AMD and from $43 to $52 for Nvidia. According to him, it is too soon to decide the success of the Nvidia products but the signs seem to be in the company’s best interest.
The analyst estimates a year ending January 2018 revenue to be $5.76 Billion for Nvidia and $4.12 revenue for AMD. This is all possible due to the new range of GPUs as well as the emerging VR segment that these two GPU makers are catering to. We can already see the change starting right now as more and more people turn to these companies for their VR gaming solutions.
With AMDs inexpensive VR solution we should see plenty of people getting into VR gaming which will in turn help both Nvidia and AMD shares down the line. There is no surprise here with such low cost and performance GPUs coming out both companies would get off the chart sales. You do not need to be an analyst to figure that out.
As of today, Nvidia shares are up by half a percent and AMD shares are up by 1.4%. These are the standings today and the rest is still to come.