TD Cowen analyst Joshua Buchalter has reiterated their bullish stance on NVDA stock, giving a Buy rating on February 25.
Joshua Buchalter has given his Buy rating due to a combination of factors that highlight Nvidia’s strong market position and future potential. Despite concerns surrounding the Blackwell ramp and recent market reactions, Nvidia’s performance has been robust, with impressive revenue figures and guidance that exceeded expectations. The demand for Blackwell products is expected to remain strong, which should alleviate some of the market’s concerns.
Furthermore, Nvidia’s advancements in AI infrastructure, particularly with model innovations and optimizations, have positioned the company well for future growth. The flexibility of Blackwell systems to serve both training and inference needs, along with Nvidia’s comprehensive software ecosystem, reinforces its competitive advantage. These elements contribute to Buchalter’s confidence in Nvidia’s continued success, justifying the Buy rating.
Buchalter covers the Technology sector, focusing on stocks such as STMicroelectronics, Advanced Micro Devices, and Lattice Semiconductor. According to TipRanks, Buchalter has an average return of -6.7% and a 37.96% success rate on recommended stocks.