Buy Nvidia stocks now

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GPUs like the Nvidia RTX 3080 are coming soon, and AMD’s Big Navi isn’t far behind.

There’s potentially bad news as well, however. While the RTX 2080 Ti and 2080 Super are becoming less common, RTX 2070 Super and lower are still reasonably available. My thought right now is that the RTX 30-series Ampere GPUs will start at the extreme end of the performance and pricing spectrum, which could mean prices of $1,000 or more at launch.

Hopefully I’m wrong. Hopefully we’ll see RTX 3070 for $500 and RTX 380 for $700—possibly less if you like to dream, since dreams are free. Whatever the price, there are plenty of indications that Ampere will land in September, maybe even late August.

Strong growth in several massive markets will help drive NVIDIA‘s (NASDAQ:NVDA) share price to $500.

So says Rosenblatt Securities analyst Hans Mosesmann. On Friday, Mosesmann reiterated his buy rating on NVIDIA’s stock and boosted his target price from $400 to $500. His new price forecast represents potential gains for investors of roughly 20%, based on the chipmaker’s current price near $418.

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