In a report released yesterday, Mark Lipacis from Evercore ISI maintained a Buy rating on Nvidia (NVDA – Research Report), with a price target of $190.00.
Mark Lipacis has given his Buy rating due to a combination of factors that highlight Nvidia’s strategic positioning in the AI ecosystem. Nvidia’s CEO, during the GTC conference, emphasized the company’s unparalleled investment in developing a comprehensive chip, hardware, networking, and software ecosystem tailored for AI computing. This positions Nvidia as a leader, with industry insiders suggesting the company has a significant lead over competitors.
Nvidia’s advancements, such as the introduction of the Dynamo Operating System and a robust roadmap through 2027, including the Rubin Ultra NVL576, are seen as pivotal. These developments, alongside partnerships with major firms like T-Mobile and GM, and innovations in AI models and technologies, underscore Nvidia’s potential to capture a substantial share of the AI market. The recent stock weakness is viewed as an opportune moment for investment, with increased EPS projections reinforcing the Buy rating.
In another report released today, Bernstein also maintained a Buy rating on the stock with a $185.00 price target.
Based on the recent corporate insider activity of 127 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NVDA in relation to earlier this year.
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