Barclays raised its price target on Nvidia (NVDA) to $200 from $170 and kept an overweight rating on the stock. Jenny Horne notes the firm also raised its compute estimates for the chipmaker and talks about the FOMO Nvidia continues to generate.
Shares of NVIDIA Corp. (NASDAQ:NVDA) gained 1.35% over the last five trading sessions, continuing the recent rally that has seen the stock jump by nearly 7% over the past month.
AI's explosive growth has reshaped the stock market, with Nvidia leading the charge and cloud giants investing heavily in AI infrastructure. Credo Technology Group, specializing in AI networking, is a lesser-known but significant beneficiary of the AI investment surge. With strong margins, serious growth potential, and trading at a reasonable price, we rate the stock a 'Strong Buy'.
Key Points NVIDIA pays a paltry dividend, even by Big Tech standards.
Investors look to gauge the size of the chip maker's opportunity in artificial intelligence. One Wall Street analyst argues it is still underestimated.
Barclays has raised its price target for Nvidia (NASDAQ: NVDA) to $200 from $170, citing strong Blackwell chip production momentum.
U.S. chip giant Nvidia will attend a major supply-chain expo in July in Beijing, according to a report from China state broadcaster CCTV on Tuesday.
Nvidia Corporation faces a significant revenue hit from new US export restrictions on H20 chips to China, but dependency on China is steadily declining. We expect Nvidia to mitigate much of the lost China revenue by launching a compliant, lower-priced GPU and leveraging its strong CUDA software ecosystem. Strong demand from U.S. cloud providers and new international projects (Saudi Arabia, UAE) will drive robust growth, with Blackwell GPUs sold out for 12 months.
A quick glance at the news cycle reveals catalysts that will drive NVIDIA's NASDAQ: NVDA stock price higher. A move higher in mid-June is significant because putting this market at an all-time high won't take much.
Recent US-China trade truce talks have left unresolved the critical issue of export restrictions on specialized rare earth materials essential for American military hardware, according to a Reuters report. Beijing is yet to commit to exporting certain rare earth magnets needed by US suppliers for fighter jets and missile systems, sources told the publication.
Zacks.com users have recently been watching Nvidia (NVDA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Nvidia could have a $1.5 trillion market in 'sovereign AI' according to one analyst.