A research report has caused Tesla's market value to soar by nearly $80 billion overnight.?
InnovateX
2023-09-19 18:28:22
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On September 11, US Eastern time, Tesla rose more than 10%, the total market value in a day soared $79.6 billion, market sentiment was instantly ignited。The reason behind Tesla's surge is a small research paper.。To make such a big splash in the market, the agency that publishes the research must have some influence。The institution that released the research report is Morgan Stanley, a well-known Wall Street investment bank, which has a considerable say in the market.。The day before Tesla's surge, analysts at Damo revealed a major positive in a research paper that Tesla's self-developed Dojo supercomputer could open up new markets for it, boosting its profitability significantly。What's this Dojo superstar??Dojo is actually a supercomputer developed by Tesla in the process of researching autonomous driving technology. Its functions are:Massive video data can be used to complete data labeling and training without supervision。Tesla has said that Dojo ExaPod will theoretically be the world's fastest AI training supercomputer.。Tesla also plans to invest more than $1 billion in Dojo by the end of 2024, and in the future it will work with Nvidia to form Tesla's computing power system.。As a result, analysts at Damo conducted a careful study of Dojo supercomputing, and they found that Dojo's potential goes far beyond training Tesla's self-driving technology.。They believe that the characteristic of Dojo supercomputing is that it can help the car "see" and "react" with the help of the camera, and this application can be extended to train all devices equipped with cameras.。Therefore, Damo quickly upgraded Tesla's stock rating from "holding and watching" to "overweight," and also listed it as "preferred," raising Tesla's benchmark price target to $400.。Although this Tesla one-time surge of 10%, but in fact than the $400 expected, there is still 46% of the space。
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