Vivek Arya, an analyst from Bank of America Securities, maintained the Buy rating on Nvidia (NVDA – Research Report). The associated price target remains the same with $200.00.
Vivek Arya’s rating is based on Nvidia’s strategic advancements and robust product roadmap, which were highlighted during the recent GTC conference. Nvidia’s innovations, such as the Blackwell Ultra and Rubin platforms, are set to significantly enhance AI performance and efficiency, positioning the company as a leader in the AI infrastructure market. The introduction of new networking solutions like Spectrum-X and Quantum-X further strengthens Nvidia’s competitive edge by enabling large-scale GPU clusters.
Additionally, Nvidia’s expansion into new markets, including robotics and autonomous vehicles, broadens its total addressable market. Discussions with Nvidia’s CFO also indicate a positive outlook for gross margin recovery in the latter half of the year, driven by the ramp-up of Blackwell. Overall, Nvidia’s comprehensive approach, encompassing hardware, software, and services, solidifies its dominance in the AI value chain, justifying the Buy rating and a price objective of $200.
In another report released today, Bernstein also maintained a Buy rating on the stock with a $185.00 price target.
NVDA’s price has also changed slightly for the past six months – from $113.370 to $115.430, which is a 1.82% increase.
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