Phillip Securities analyst Yik Ban Chong has maintained their bullish stance on NVDA stock, giving a Buy rating yesterday.
Yik Ban Chong has given his Buy rating due to a combination of factors including Nvidia’s strong performance in key segments and its strategic positioning for future growth. Despite short-term challenges, such as supply constraints impacting the gaming segment, the demand for Nvidia’s RTX 50 series GPUs remains robust, indicating a potential recovery in gaming revenue.
The ramp-up of Blackwell shipments has been successful, contributing significantly to revenue growth without severely impacting gross margins. Additionally, the explosive growth in the automotive segment, driven by autonomous vehicle chips, and the increased CAPEX from hyperscalers are expected to fuel demand in the data center segment. These factors, combined with the resolution of previous packaging issues and the company’s ability to meet AI GPU demand, underpin the positive outlook for Nvidia’s stock.
According to TipRanks, Ban Chong is an analyst with an average return of -8.3% and a 20.00% success rate.
In another report released yesterday, Bernstein also maintained a Buy rating on the stock with a $185.00 price target.