Nvidia Unveils Three Open-Source AI Models for Weather Forecasting
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
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Source: Newsfilter
- Open-Source AI Models: Nvidia announced three open-source AI models at the American Meteorological Society's annual meeting, aiming to replace costly and time-consuming conventional weather simulations with AI-driven forecasts that enhance accuracy and reduce operational costs.
- Business Application Potential: The new models will benefit the insurance industry by providing better insights into extreme weather events like floods and hurricanes, thereby optimizing risk assessment and claims processes.
- Efficiency Gains: Once trained, Nvidia's AI models operate 1,000 times faster than traditional methods, enabling insurance companies to run ensembles with up to 10,000 members, significantly improving the ability to predict extreme weather events.
- Diverse Forecasting Capabilities: The newly launched
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.








