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Investing.com - Piper Sandler has reiterated an Overweight rating and $225.00 price target on Nvidia (NASDAQ:NVDA) following discussions with the company about current business conditions. This aligns with the strong analyst consensus, as InvestingPro data shows 29 analysts have recently revised their earnings estimates upward, with price targets ranging from $100 to $300.
The research firm reports that Nvidia’s business environment remains robust, with demand continuing to exceed manufacturing capacity and available supply across its product lines. This is reflected in the company’s impressive 71.55% revenue growth over the last twelve months, with an EXCELLENT financial health score according to InvestingPro analysis.
Piper Sandler notes that Nvidia’s funding to customers such as OpenAI and CoreWeave appears insulated from circular financing concerns that have affected other technology companies.
The firm acknowledges that Nvidia’s China business remains constrained due to pressure from the Chinese government on customers, though some licenses have been granted to continue limited operations in the region.
Piper Sandler also points out that while Nvidia’s third-quarter guidance did not include any revenue from its H20 chip, the company appears well-positioned to meet Wall Street’s expectations for the period.
In other recent news, Navitas Semiconductor Corp announced significant advancements in developing 800 VDC voltage GaN and SiC power devices for NVIDIA’s next-generation AI factory computing platforms. This development addresses the power challenges associated with NVIDIA’s new AI factory architecture, which requires a shift from traditional 54V in-rack power distribution systems to 800 VDC power distribution. Meanwhile, Broadcom Limited received a boost as BofA Securities reiterated its Buy rating, citing Broadcom’s $10 billion award for fiscal third quarter 2026, highlighting customer diversification in its AI business. In related developments, NVIDIA announced that Meta and Oracle will adopt its Spectrum-X Ethernet networking switches for their AI data centers. Meta plans to integrate these switches into its Facebook Open Switching System to enhance AI training efficiency. Additionally, Mizuho raised its price target for NVIDIA to $225, maintaining an Outperform rating due to NVIDIA’s strong position in the AI market. These recent developments reflect ongoing momentum and strategic moves within the technology and semiconductor sectors.
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