JPMorgan said Nvidia's new gaming products were set to be strong demand catalysts into 2023.

The bank added that it also expects Nvidia's data center segment to grow strongly, and noted the strength of the firm's automotive and enterprise businesses. 'While is typically seasonally weaker than 2H, we expect solid demand in PC gaming to be a strong revenue driver for the company, offsetting PC, which is in secular decline,' said JPMorgan in a Sept. Nvidia's data center business, which sells chips used in AI, has also boomed in recent years. That's after the firm unveiled new flagship gaming chips that use artificial intelligence to enhance graphics. Citi and JPMorgan both said last week that solid demand in PC gaming, as well as cloud adoption in data centers, were set to be tailwinds for Nvidia. In addition to AMD, its competitors include Intel, Qualcomm and AI-accelerator companies such as Graphcore.Analysts are once again starting to get bullish on Nvidia, after the semiconductor giant lost favor amid geopolitical tensions and a slowdown in the chip sector. More recently, it has moved into the mobile computing market, where it produces Tegra mobile processors for smartphones and tablets as well as vehicle navigation and entertainment systems. They are deployed in supercomputing sites around the world. In addition to GPU manufacturing, Nvidia provides an API called CUDA that allows the creation of massively parallel programs which utilize GPUs. Its professional line of GPUs are used in workstations for applications in such fields as architecture, engineering and construction, media and entertainment, automotive, scientific research, and manufacturing design. Nvidia is a global leader in artificial intelligence hardware and software. It is a software and fabless company which designs graphics processing units, application programming interface for data science and high-performance computing as well as system on a chip units for the mobile computing and automotive market. NVIDIA Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California.

Why nvda stock price is falling