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Benzinga
Benzinga
Business
Shanthi Rexaline

Is Nvidia A Software Play? What This Analyst Sees As 'Software-Only Monetization Opportunities'

Nvidia Aaron Rakers GTC Nasdaq NVDA NVIDIA Corporation

Nvidia Corporation (NASDAQ:NVDA) held its GTC 2022 earlier this month, where it announced a slew of products and services. An analyst at Wells Fargo Securities singled out the company's pivot to software as a key takeaway.

The Nvidia Analyst: Aaron Rakers has an Overweight rating and a $370 price target for Nvidia shares, suggesting a roughly 33.6% upside from current levels.

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