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On Wednesday, Benchmark analyst Cody Acree maintained a Buy rating on NVIDIA (NASDAQ:NVDA) shares with a price target of $190.00. The semiconductor giant, currently valued at $2.89 trillion, boasts a perfect Piotroski Score of 9 according to InvestingPro data, indicating exceptional financial strength. The endorsement follows a Financial Analyst Q&A event at the GPU Technology Conference (GTC), where NVIDIA’s CEO, Jensen Huang, and CFO, Colette Kress, discussed the company’s market position and outlook.
During the event, Huang expressed strong confidence in the growing demand for computing power and NVIDIA’s increasing leadership in various technology sectors. He emphasized that NVIDIA is becoming the industry’s standard choice for software, architecture, GPUs, CPUs, networking, and systems. This confidence is supported by the company’s impressive 114.2% revenue growth over the last twelve months and robust gross profit margin of 75%. Huang also noted that NVIDIA is gaining market share against ASICs within a rapidly expanding total addressable market (TAM), which is expected to grow further as it begins to include some of the industry’s largest capital expenditure projects.
Huang highlighted the burgeoning interest in NVIDIA’s Blackwell technology and outlined an aggressive roadmap for the company’s future. He also touched upon the potential for NVIDIA to improve its margins and the company’s plans to shift manufacturing onshore. This would involve both internal production in Arizona and leveraging its flexible supply chain.
Acree’s reiteration of the Buy rating and price target reflects increased confidence in NVIDIA’s leadership position within the industry and the anticipated acceleration of AI spending. The $190 price target suggests a positive outlook on NVIDIA’s stock performance in the market. With analyst targets ranging from $125 to $220 and a strong consensus recommendation of 1.34 (where 1 is Strong Buy), NVIDIA continues to attract bullish sentiment. For deeper insights into NVIDIA’s valuation and growth prospects, including 20 additional ProTips and comprehensive financial analysis, visit InvestingPro.
In other recent news, NVIDIA has been the subject of multiple analyst ratings and strategic developments. Truist Securities has maintained a Buy rating for NVIDIA, setting a price target of $205. This decision comes after NVIDIA’s GTC 2025 event, where the company showcased a promising growth outlook, despite not providing specific financial forecasts. Meanwhile, JPMorgan reiterated an Overweight rating with a $170 price target, emphasizing NVIDIA’s strong ecosystem and potential to capture a significant portion of data center spending, which could include substantial AI factory projects.
In another development, NVIDIA’s CEO, Jensen Huang, clarified that the company is not involved in any consortium to acquire a stake in Intel (NASDAQ:INTC), dispelling recent speculation. Additionally, CoreWeave, an AI startup backed by NVIDIA, is preparing for an IPO with shares expected to price between $47 and $55. This IPO marks an important step for CoreWeave, highlighting NVIDIA’s influence in the AI sector.
Furthermore, Stereotaxis (NYSE:STXS), a company involved in robotic magnetic navigation, has joined the NVIDIA Connect program. This partnership aims to enhance Stereotaxis’ technology by integrating NVIDIA’s AI and robotics capabilities, as highlighted during NVIDIA’s GPU Technology Conference. These recent developments underscore NVIDIA’s strategic positioning and influence across various sectors.
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