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On Thursday, Cantor Fitzgerald reaffirmed a positive stance on NVIDIA Corporation (NASDAQ:NVDA), maintaining an Overweight rating and a $200.00 price target. The firm’s analyst highlighted NVIDIA’s encouraging outlook for the July quarter, with projected revenues of $45 billion, surpassing the lower end of market expectations, which hovered around $43 billion. This forecast stands in contrast to the firm’s earlier prediction of $46 billion, with a belief that $48-50 billion is achievable in the full context. According to InvestingPro data, NVIDIA has demonstrated remarkable financial strength with a perfect Piotroski Score of 9 and impressive revenue growth of 114.2% over the last twelve months, reaching $130.5 billion.
NVIDIA’s management expressed optimism, particularly about Blackwell, which is currently the fastest GPU ramp in the company’s history, already at an annualized run-rate of 3.7 million GPUs. This figure exceeds earlier expectations of approximately 5 million units for the entire calendar year 2025. The company is also seeing a significant increase in orders since the GTC event in March, with further announcements expected as management visits France, the UK, and Belgium next week. This growth trajectory aligns with InvestingPro’s analysis, which shows NVIDIA maintaining strong financial health with an overall score of "GREAT" and robust cash flows that easily cover its moderate debt levels. For detailed insights into NVIDIA’s growth metrics and 18 additional ProTips, consider exploring the comprehensive Pro Research Report.
The analyst noted that the demand for AI-related technologies like inference reasoning, Agentic AI, and Industrial AI is on the rise, which supports a robust end demand scenario that has improved notably in just two months. Data Center revenue is anticipated to grow by at least 50% half over half, and the firm supports an earnings power projection of $5.00 per share in calendar year 2025, higher than the consensus of $4.26.
The broader AI market is expanding more rapidly than any previous platform shift, including the internet, mobile, and cloud. NVIDIA, with its Blackwell GPUs and next-generation solutions, is expected to be the preferred platform for AI development. The analyst projects that NVIDIA will significantly exceed consensus estimates, with a potential earnings per share (EPS) of approximately $6.50-7.00 in calendar year 2026, compared to a consensus of $5.52.
While acknowledging no immediate concerns, the analyst agreed with NVIDIA CEO Jensen Huang that the complete embargo on AI GPU sales to China could be counterproductive, potentially leading to the rise of a local competitor. Despite this, with NVIDIA shares trading at 20 times the midpoint of the expected earnings for calendar year 2026, the firm considers the stock a top pick and believes there is a 40% upside potential from its after-market pricing, based on the $200 price target, which equates to 28.5 times the stretch goal of $7 EPS in calendar year 2026. Current InvestingPro data shows NVIDIA trading at a P/E ratio of 46.09, with a market capitalization of $3.29 trillion, reflecting its position as a prominent player in the semiconductor industry. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading near its fair value, making it crucial for investors to monitor valuation metrics closely.
In other recent news, NVIDIA Corporation has faced significant developments affecting its business landscape. The company reported strong earnings for the April quarter, although it missed out on approximately $2.5 billion in revenue due to the U.S. ban on H20 shipments to China. Despite this challenge, NVIDIA’s underlying demand remained robust, with analysts from Loop Capital maintaining a Buy rating and a $175 price target, citing confidence in the company’s market position. Similarly, Baird analysts upheld an Outperform rating with a $195 target, anticipating a nearly 70% year-over-year revenue increase in NVIDIA’s data center segment.
Rosenblatt Securities raised NVIDIA’s price target to $200, maintaining a Buy rating, and highlighted the company’s strong demand for Blackwell GPUs, which helped offset the impact of U.S. restrictions. Meanwhile, Needham reiterated a Buy rating with a $160 target, noting NVIDIA’s strong first-quarter performance, though acknowledging the impact of unfulfilled H20 orders. Additionally, NVIDIA is under scrutiny from U.S. lawmakers over its planned facility in Shanghai, raising national security concerns about its ties with China.
These recent developments underscore the challenges and opportunities NVIDIA faces as it navigates regulatory landscapes and capitalizes on product demand. The company’s strategic positioning and innovative offerings continue to draw positive outlooks from analysts, reflecting confidence in its growth trajectory. However, the ongoing scrutiny from U.S. lawmakers may present additional hurdles as NVIDIA balances its operations between the U.S. and China.
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