The new Metaverse Angle should boost investor interest in NVDA Stock

There are a lot of things going on Nvidia (NASDAQ:NVDA) today. First of all, the industry is intertwined with Siemens (OTCMKTS:SIEGY) to develop real -world applications for the metaverse. Second, Nvidia’s chips are capable of using voice applications and artificial intelligence (AI). Above all, a Wall Street analyst has recently issued a significant price target for the NVDA stock.

Nvidia is not going to stop shooting the envelope in the future when it comes to developing new technology. You may see the company as a pioneer of graphics cards, but Nvidia is not afraid to spread it elsewhere.

Of course, you never know what Nvidia will have in common with the future in its quest for power in the technology market. In this context, while Nvidia’s competitive moat is growing significantly, the bull case is even stronger for industry investors.

What is wrong with NVDA Stock?

The NVDA stock is declining by 2022 to date, but that can be said for a number of different technologies. The tide is receding, more and more boats are going down, and so on on Wall Street. Nvidia isn’t necessarily to blame, and the weaknesses of the current pricing can be viewed as a pre -season.

Even with Nvidia’s pricing under pressure, KeyBanc analyst John Vinh can be seen from his point of view. Looking at the continued growth of the foot market in May driven by the processes, Vinh maintained its “heavy” rating at Nvidia (similar to its “sales” rating).

With that in mind, the KeyBanc analyst issued a $ 250 price tag on the NVDA stock. It didn’t take long for the price to sell at around $ 160. Maybe there’s a lot of potential? The answer lies in Nvidia’s ability to stay ahead of its competitors in advancing new ideas and products – and we can trust Nvidia in that regard.

A New Frontier to the Metaverse

Nowadays, two examples of Nvidia’s remake journey have come to the fore. The first is a blog post that explains The sensory’s the use of hybrid data, which uses the same resources both in the world and in the home. Hybrid digital technology can help Sensory bring communication across all types of electronics that can be used for voice, from those that can be used to refrigerators and microwave ovens.

Of course, it can’t be accomplished without the right hardware, and Nvidia is happy to offer. To that end, some of the newly introduced voice and AI intelligence applications “rely on NVIDIA NeMo – a tool that builds AI communication features – and Triton Inference Server for its Sensory Cloud hybrid computing unit. “

Now, Nvidia is a strong partner at Siemens as the two companies seek to build a precise, real -life metaverse. We can call it the business metaverse, where physics -related digital twins can help engineering teams solve complex business problems.

According to the release, “the two companies plan to integrate Siemens Xcelerator, the open source digital platform, and NVIDIA Omniverse… In this way, Nvidia will be able to combine its real -time AI with digital features related to the physics -based Siemens, and then combines the best of both worlds – physical and digital.

You can do it now

Clearly, there is a business metaverse in the first place. It’s interesting to think how Nvidia and Siemens will develop this advanced AI technology.

Nvidia also offers its components to help improve audio and video applications with major applications in the business and at home. As you can see, Nvidia continues its quest to push the limits of what is possible with technology.

With this in mind, it’s not hard to justify a $ 250 price target – and a longer term, if you want to take one – with the NVDA stock.

As of the date of publication, Louis Navellier and a member of the InvestorPlace Research Staff have no responsibility for this article which holds (whether or not) any position in the securities described in this article. .

On the day of the announcement, Louis Navellier had a long -term position at NVDA. Louis Navellier has no other position (either right or wrong) in the protections mentioned in this article.

A member of the InvestorPlace Research Staff assumes no responsibility for this article (whether directly or indirectly) any position within the securities described in this article.

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