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Shares of quantum computing and AI companies surged as Nvidia commenced its annual GTC AI conference, sparking investor optimism for new developments. The event will dedicate a day to quantum computing, featuring executives from D-Wave Quantum and Rigetti Computing. Notable stock increases included D-Wave Quantum rising 9.4%, Quantum Corp up 23.1%, and Quantum Computing gaining 15.5%.
Lintasarta, a technology services provider under Indosat Ooredoo Hutchison, has launched the Semesta AI program in partnership with Nvidia Inception to boost Indonesia's AI ecosystem. As the sole Nvidia Cloud Partner in the country, Lintasarta offers startups access to AI technology, technical guidance, and GPU vouchers worth up to US$15,000 for top projects.Since its November 2024 launch, over 150 participants have applied, with the top 10 advancing to the Black Belt stage. Selected startups will work with Lintasarta on AI solutions across various sectors, supporting Indonesia’s Sustainable Development Goal 9 on industry, innovation, and infrastructure.
Nvidia CEO Jensen Huang highlighted Huawei's significant advancements in AI, noting its emergence as a formidable competitor despite U.S. trade restrictions. He emphasized that Huawei's resilience and strategic partnerships have allowed it to thrive across various markets, with plans to ramp up production of AI chips this year. The company is also testing domestic EUV chipmaking equipment, aiming for mass production soon.
Micron Technology shares dropped 8% after the company forecasted a lower-than-expected adjusted gross margin of 36.5% for Q3, below analysts' estimates. This decline was attributed to oversupply and falling prices in consumer memory chips, despite strong demand for AI-related semiconductors, particularly high-bandwidth memory for GPU manufacturers like Nvidia. Year-to-date, Micron shares are still up over 13%, reflecting investor optimism about market recovery and the company's position in the AI supply chain.
Nvidia's upcoming GTC 2025 event is poised to significantly impact the AI stock market, potentially marking a turning point for certain companies. Investors are closely monitoring developments, as the outcomes could lead to substantial shifts in stock valuations and market dynamics.
Nvidia-backed CoreWeave is aiming for a valuation of up to $32 billion as it prepares for a potential IPO focused on artificial intelligence. The company is navigating the complexities of the market while ensuring transparency and ethical standards in its reporting and operations.
Goldman Sachs highlights stocks poised to benefit from AI advancements, including retail favorites like Spotify and Palantir, which have shown resilience amid market corrections. While some companies, such as Nvidia, face challenges, the potential for AI monetization remains strong, attracting investor interest.Quantum computing firms, reliant on Nvidia's technology, are navigating a tough landscape, with executives acknowledging the critical role of AI in their development. Despite setbacks, Nvidia's partnerships and innovations continue to shape the future of both AI and quantum computing.
UBS analyst Timothy Arcuri has reaffirmed a Buy rating on NVIDIA, setting a price target of $185, reflecting confidence in the company's growth potential in AI infrastructure. This follows the Global Technology Conference, where sovereign AI initiatives were highlighted as key drivers for demand. While most analysts remain optimistic, DA Davidson has adopted a more cautious stance, lowering its price target to $125 amid concerns about future performance.
UBS analyst Timothy Arcuri has reiterated a Buy rating for NVIDIA, setting a price target of $185, reflecting confidence in the company's growth potential in AI infrastructure. This comes after the Global Technology Conference, where discussions highlighted the rise of sovereign AI initiatives globally, indicating increased demand for customized AI solutions. While most analysts remain optimistic, DA Davidson has adopted a more cautious stance, lowering its price target to $125 amid concerns about future performance challenges.
UBS analyst Timothy Arcuri has reaffirmed a Buy rating for NVIDIA (NASDAQ: NVDA) with a price target of $185.00. The analyst's comments highlight confidence in the company's performance and potential growth in the market.
NVIDIA Corporation
Companies
| Symbol | NVDA |
| Name | NVIDIA Corporation |
| Currency | USD |
| Sector | Information Technology |
| IndustryGroup | Semiconductors & Semiconductor Equipment |
| Industry | Semiconductors & Semiconductor Equipment |
| Market | NASDAQ Global Select |
| Country | United States |
| State | CA |
| City | Santa Clara |
| Zipcode | 95051 |
| Website | http://www.nvidia.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
quantum computing and ai stocks surge as nvidia conference begins
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United States Dollar
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USA
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18:43 21.03.2025
ubs maintains buy rating on nvidia with price target of 185 dollars
15:49 21.03.2025
ubs maintains buy rating for nvidia with price target of 185 dollars
15:49 21.03.2025
ubs maintains buy rating and price target for nvidia
15:01 21.03.2025
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