Omniverse Could Unlock $100+ Billion in TAM for Nvidia (NVDA) - UBS

January 20, 2022 11:58 AM EST
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UBS analyst Timothy Arcuri reiterated a Buy rating and a $350.00 per share price target on Nvidia (NASDAQ: NVDA) after discussing the Omniverse opportunity with the company’s customers, channel partners and industry experts.

The focus of the discussion was on Omniverse's value proposition & monetization opportunity in the emerging market for 3D/VR/AR content.

“We conclude that Omniverse is in some ways similar to CUDA as a platform to reduce friction and ultimately drive market expansion for NVDA's hardware solutions; for the virtual world, it is in some ways similar to the first browsers from the mid-1990's for a fledgling internet,” Arcuri wrote in a client note.

Although he acknowledged that certain aspects of Omniverse are long-term, the analyst believes that “ultimately Omniverse could potentially open the next ~$100B+ in TAM for the company as the 3D/ virtual work takes shape.”

By Senad Karaahmetovic | [email protected]

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UBS, Senad Karaahmetovic