Susquehanna analyst Christopher Rolland has reiterated their bullish stance on NVDA stock, giving a Buy rating today.
Christopher Rolland has given his Buy rating due to a combination of factors including Nvidia’s impressive performance and future growth prospects. The company exceeded expectations with its Blackwell sales, which reached $11 billion, significantly surpassing prior estimates and alleviating concerns about a slower transition to new platforms. Additionally, Nvidia’s data center segment outperformed estimates by approximately $2 billion, driven by increased demand for inferencing and training models.
Looking ahead, Nvidia’s management has confirmed that production of the Blackwell platform is in full swing, with new product ramps expected in the coming quarters. Despite some challenges in the gaming segment due to supply constraints, the company anticipates strong growth as these constraints ease. Furthermore, Nvidia’s automotive division continues to achieve record revenues, and its advancements in physical AI with the Cosmos platform are gaining traction. Although there were some concerns regarding operating expenses and gross margin guidance, management has indicated that margins should improve by the end of the year. Overall, the solid performance and strategic initiatives support the positive outlook for Nvidia.
In another report released today, Morgan Stanley also reiterated a Buy rating on the stock with a $162.00 price target.