Nvidia Launches AI-Powered Weather Forecasting Tools
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5h ago
0mins
Source: Benzinga
- Launch of AI Weather Tools: Nvidia unveiled the Earth-2 family of open models at the American Meteorological Society's Annual Meeting, aiming to enable organizations to build faster and cheaper weather prediction systems, marking the world's first fully open, accelerated weather AI software stack.
- Enhanced Forecasting Capabilities: The Earth-2 Medium Range predicts weather up to 15 days ahead across over 70 variables, while Earth-2 Nowcasting uses generative AI to deliver zero-to-six-hour storm forecasts in minutes, significantly improving timeliness and accuracy of predictions.
- Wide Industry Adoption: Developers and agencies, including the Israel Meteorological Service, Taiwan's Central Weather Administration, and the U.S. National Weather Service, are already testing Earth-2 tools, indicating strong potential for applications in energy and finance sectors.
- Evolving Competitive Landscape: With Palantir's partnership with Tomorrow.io expanding AI weather forecasting, Nvidia's launch intensifies market competition, prompting more companies to explore AI applications in meteorology.
Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVDA is 264.97 USD with a low forecast of 200.00 USD and a high forecast of 352.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 187.670
Low
200.00
Averages
264.97
High
352.00
Current: 187.670
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
