Recently, some institutions on Wall Street have raised the target price of Yingweida one after another, so that NVIDIA Corp, who has not had news for a long time, has attracted some attention.

Compared with AMD highlight performance this year, NVIDIA Corp is more insipid, RTX Super series graphics cards have not yet launched other important new products. AMD notebook Navi graphics card will be released in the near future, although there are many rumors about NVIDIA Corp Ampere 7nm, it is a product in 2020 after all.

There are rumors in the market that before the debut of Ampere, there will be a GTX 1660S to fill the gap in the product. For Huang Renxun, who is skillful with knives, it does not seem impossible.

Throughout the stock prices of NVIDIA Corp, AMD and Intel this year, due to the counterattack of products and the improvement of business, AMD has gained a cumulative increase this year. Intel performance is the worst, the capacity of 14nm at the beginning of the year is tight to the second half of the 10nm climbing pressure, the market position of Big Blue has been challenged. NVIDIA Corp's share price is also considered to be in order, and its cumulative increase this year is the same as that of this year.$iShares ASUS Philadelphia Exchange Semiconductor ETF (SOXX.US) $Close. (Nvidia occupies 8.29% of the position in Semiconductor ETF on the Philadelphia Stock Exchange)

However, it is worth noting that since the release of NVIDIA Corp Q2 financial results (after August 15), NVIDIA Corp has accumulated an increase of 19.26%, while Intel has risen 8.81% over the same period, while AMD has fallen 4.85%. There is a serious differentiation in the performance of the three.

Wall Street raised its target prices one after another.

• EvercoreISI, a US investment bank, released an investment research report, maintaining NVIDIA Corp's "outperform" rating and raising its target share price from $185to225 dollars.

• RBC Capital, a Canadian investment bank, also raised NVIDIA Corp's target share price from $190 to217 dollarsTo maintain the "outperform" rating.

• SunTrust RH raised NVIDIA Corp's target price from US $210to217 dollarsTo maintain a "buy" rating

• Goldman Sachs Group raised NVIDIA Corp's target price from US $179to192 dollars, give a "buy" rating, a "neutral" rating to AMD and a "sell" rating to Intel.

The reason is very simple, that is, the game business is recovering.

The reason for these institutions to raise the target price of Yingweida is optimistic about NVIDIA Corp's game business. In previous research papers, we have expressed a similar view:It is believed that NVIDIA Corp's game business will burst in the second half of the year.

Specifically,NVIDIA Corp game this business Q2 is the fastest growing in the game department.Under the background of the decline in global PC growth, games have become a new growth point of PC.NVIDIA Corp Max-Q technology achieves a good balance between performance and frivolity. At the same time, we insist on the light chasing technology, Yingwei bet light chasing the decision in line with the current market demand.

The latest Steam September hardware statistics further prove that ray tracing technology is becoming more and more accepted in the market. Just chasing the entry graphics card RTX 2060 squeezed into the top 10 for the first time, and the share increased 0.27pct from the previous month, perhaps due to the recent price reduction.

In addition, another important part of the gaming business is Nintendo's Switch. The new product Switch Lite has just been on sale recently, and 180000 sets have been sold in Japan in three days. NVIDIA Corp's Q3 performance may benefit.According to NVIDIA Corp's Q2 financial report conference call, the pulling effect of Tegra on the game business will be concentrated in the Q3 financial report.

It is worth noting that as China is one of NVIDIA Corp's main markets, trade tensions may cause stock prices to fluctuate sharply in the short term. And Mellanox, which NVIDIA Corp spent a lot of money to acquire, still needs China's antitrust approval.