Tigress Financial analyst Ivan Feinseth upgraded Nvidia (NVDA) to Strong Buy from Buy with a price target of $220, up from $170. The firm views yesterday’s selloff as a “major buying opportunity.” The shares sank to their lowest level since early October following yesterday’s news that Chinese startup DeepSeek announced its R1 artificial intelligence model with reasoning capabilities similar to OpenAI at a lower development and operating cost, the analyst tells investors in a research note. Tigress believes the actual capabilities of DeepSeek’s R1 AI model are unknown, and says there are “tremendous concerns about security.” AI and the data centers they run on will be a multiyear ongoing investment in buildout and development, and Nvidia will be a key beneficiary as it continues to be the number one supplier of AI-driving graphics processing units, contends the firm.
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