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On Wednesday, Stifel analysts maintained their Buy rating and $180.00 price target on NVIDIA stock (NASDAQ:NVDA), following the company’s latest technology announcements. With a market capitalization of $2.82 trillion and a perfect Piotroski Score of 9 according to InvestingPro, NVIDIA continues to demonstrate exceptional financial strength. NVIDIA’s GTC Keynote highlighted several next-generation architectures including Blackwell Ultra, Rubin, and Rubin Ultra. Additionally, the company introduced Dynamo, an inferencing software aimed at optimizing reasoning models within data centers, described as the operating system for AI Factories. These innovations come as NVIDIA maintains impressive revenue growth of 114.2% over the last twelve months.
The Keynote also saw NVIDIA’s CEO, Jensen Huang, discuss scale-out networking, unveiling the Quantum-X and Spectrum-X switches equipped with silicon photonics and co-packaged optics. On the enterprise side, NVIDIA announced the launch of the DGX Spark and DGX Station PCs, designed to bring AI capabilities and high performance to desktop computing.
Stifel analysts underscored NVIDIA’s ongoing full-stack infrastructure development, aimed at supporting evolving reasoning models and agentic AI. According to the analysts, this innovation positions NVIDIA favorably within the accelerated computing market. They emphasized that the company’s focus on AI infrastructure is expected to contribute to the significant growth in data center capital expenditures, which, based on Dell (NYSE:DELL)’Oro’s projections, could reach approximately $1 trillion annually by the end of the decade. With a return on assets of 82.2% and trading at a P/E ratio of 39.25, NVIDIA shows strong fundamentals despite its premium valuation. For deeper insights into NVIDIA’s valuation and growth prospects, including 18 additional exclusive ProTips, check out the comprehensive analysis available on InvestingPro.
In other recent news, NVIDIA has drawn attention following several analyst reports and updates from its Global Technology Conference (GTC). At the event, NVIDIA announced its expectation for significant growth in AI compute needs, projecting a 100-fold increase in inference-related compute demand. Deutsche Bank (ETR:DBKGn) maintained a Hold rating with a $145 price target, highlighting NVIDIA’s optimistic outlook on AI growth. Meanwhile, BofA Securities reiterated a Buy rating and set a $200 price target, noting the company’s strong position in the infrastructure and services market, with a total addressable market exceeding $1 trillion.
Further, Wells Fargo (NYSE:WFC) maintained an Overweight rating with a $185 target, emphasizing NVIDIA’s platform innovation and networking advancements. Bernstein also reiterated an Outperform rating with a $185 target, pointing to NVIDIA’s robust product roadmap and its expanding lead over competitors. These developments underscore NVIDIA’s strategic focus on advancing its technological capabilities and expanding its market presence.
In other news, Tesla (NASDAQ:TSLA) received approval in California to start carrying passengers in its vehicles, marking a significant step towards entering the ride-hailing services market. Tesla’s move into this new segment could potentially open up new revenue streams for the company.
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