Intel stock extends gains after report of possible U.S. government stake
On Wednesday, Bernstein analysts maintained their Outperform rating on NVIDIA Corporation (NASDAQ:NVDA) shares, with a price target of $185.00, well above the current trading price of $115.43. The firm’s analysts highlighted the strength of NVIDIA’s product roadmap and its expanding lead over competitors. With a perfect Piotroski Score of 9 and an overall "GREAT" financial health rating according to InvestingPro, NVIDIA’s fundamental position appears solid. They noted that despite anticipations ahead of the company’s recent event, the details presented confirmed NVIDIA’s strong position in the industry.
The analysts emphasized the solid nature of NVIDIA’s roadmap and the widening capability gap between NVIDIA and its competitors across the company’s extensive product stack. This competitive advantage is reflected in the company’s impressive 114.2% revenue growth over the last twelve months, reaching $130.5 billion. NVIDIA’s growth prospects, particularly in the datacenter sector, were also a point of positive commentary. The company has projected over $1 trillion in datacenter capital expenditures by 2028, with expectations to capture an increasing share of this market. For deeper insights into NVIDIA’s growth metrics and 18 additional exclusive ProTips, consider exploring InvestingPro.
NVIDIA’s positive outlook on datacenter growth was also underscored by Bernstein analysts, who see the company as well-positioned to benefit from the industry’s expansion. The analysts expressed confidence in NVIDIA’s ability to maintain its lead, stating, "It is still NVIDIA’s game to lose, and they don’t appear to be losing."
The technology giant continues to demonstrate its competitive edge, with Bernstein’s analysis suggesting that NVIDIA remains a dominant force in the industry. The firm’s analysts appear to be confident in NVIDIA’s strategy and its potential to sustain growth and market share in the coming years.
NVIDIA’s stock price target of $185.00 by Bernstein reflects the firm’s belief in the company’s ongoing success and the anticipated growth in the datacenter space. Trading at a P/E ratio of 39.25, the stock appears to be slightly undervalued according to InvestingPro’s Fair Value analysis. The analysts’ reiteration of the Outperform rating underscores their view that NVIDIA stock is likely to perform well relative to the market. Access NVIDIA’s comprehensive Pro Research Report, along with reports for 1,400+ other top stocks, exclusively on InvestingPro.
In other recent news, NVIDIA has been at the center of several noteworthy developments. Raymond (NSE:RYMD) James reaffirmed its Strong Buy rating on NVIDIA, maintaining a price target of $170. The firm’s analyst cited the CEO’s optimistic outlook on future data center capital expenditures and the robust demand for NVIDIA’s Blackwell product among major cloud service providers. Meanwhile, OpenAI’s $100 billion Stargate project is set to house up to 400,000 NVIDIA AI chips, marking a significant investment in AI infrastructure. This project aims to create one of the largest AI computing power clusters, with completion expected by mid-2026.
NVIDIA has also partnered with Oracle (NYSE:ORCL) to enhance the development of agentic AI applications, integrating NVIDIA’s computing and inference software with Oracle’s AI services. This collaboration will provide over 160 AI tools through Oracle Cloud Infrastructure, facilitating enterprise AI adoption. Additionally, NVIDIA and Alphabet (NASDAQ:GOOGL) have expanded their collaboration to advance AI applications across industries, including healthcare and manufacturing. They announced several joint initiatives, such as embedding digital watermarks in AI-generated content to improve content transparency.
Furthermore, NVIDIA unveiled its Omniverse Blueprint for Earth-2, designed to enhance weather forecasting and aid in disaster preparedness. This blueprint incorporates NVIDIA’s GPU acceleration libraries and AI models, with companies like G42 and Spire (NYSE:SR) Global leveraging it for advanced forecasting solutions. These developments underscore NVIDIA’s ongoing efforts to drive innovation and collaboration in the AI sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.