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On Wednesday, Citi analysts reiterated their Buy rating and $163.00 price target for NVIDIA (NASDAQ:NVDA), expressing optimism ahead of the company’s upcoming GPU Technology Conference (GTC). According to InvestingPro data, NVIDIA currently trades at a P/E ratio of 37.18, with analysts maintaining a strong buy consensus and price targets ranging from $130 to $220. The event, scheduled for next week, will feature a keynote by CEO Jensen Huang on March 18 and a Financial Analyst Q&A session on March 19.
The Citi analysts highlighted that investor attention is likely to center on the specifications and performance of NVIDIA’s Blackwell Ultra and Rubin platforms, particularly in comparison to custom ASIC solutions for inference tasks. The stock’s current valuation metrics deserve attention, with InvestingPro showing impressive revenue growth of 114.2% and a perfect Piotroski Score of 9, indicating strong financial health. Additionally, the analysts pointed out that risks related to NVIDIA’s sales exposure to China and Singapore, which account for roughly 28% of its sales, have been fully mitigated according to their calculations, in light of recent AI diffusion rules.
Despite the positive outlook, Citi acknowledged that investors are awaiting a "clearance event" regarding the impact of AI restrictions and tariffs on NVIDIA’s gross margins. However, they believe that NVIDIA is not currently in a position to provide detailed commentary on these issues.
NVIDIA’s GTC conference is a significant event for the company, where it showcases its latest advancements in graphics processing technology and artificial intelligence. The discussions and revelations at the conference could provide further insights into NVIDIA’s strategic direction and its ability to navigate the current regulatory environment.
In other recent news, NVIDIA Corporation has implemented a new Variable Compensation Plan for Fiscal Year 2026, which ties executive pay to achieving specific revenue targets. This plan is part of NVIDIA’s strategy to align executive interests with those of shareholders, as detailed in a filing with the Securities and Exchange Commission. Meanwhile, Citi analysts have maintained a Buy rating on NVIDIA shares with a target price of $163, despite recent stock price declines and macroeconomic concerns. The analysts highlight potential risks related to AI diffusion rules and tariffs but express confidence in the stock’s long-term potential.
Additionally, Hon Hai (TW:2317) Precision Industry Co., known as Foxconn (SS:601138), reported a 25% revenue increase in early 2025, driven by strong demand for AI computing, benefiting key clients like NVIDIA. This growth follows NVIDIA’s announcement of $11 billion in quarterly revenue from its Blackwell chip, noted as the fastest product ramp in the company’s history. Broadcom (NASDAQ:AVGO)’s optimistic forecast, which includes increased production of AI chips, has also positively impacted NVIDIA’s market performance recently. These developments underscore the ongoing demand and investment in AI technology, influencing NVIDIA’s business landscape.
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