tech
Buy Nvidia ahead of its pivotal AI conference, analysts say
Analysts across Wall Street reiterated their bullish stances on Nvidia heading into the chipmaker's flagship conference next week.
TL;DR
- Nvidia's GTC conference is expected to provide insights into future supply, demand, market growth, and its AI portfolio.
- Analysts from UBS, Mizuho, Truist Securities, Bank of America, and Melius Research have reiterated 'buy' ratings on Nvidia.
- Price targets from these analysts suggest potential stock rallies ranging from 34% to 108%.
- Key areas of focus include updates on AI roadmap, product pipelines (Feynman GPUs, Rubin), optical networking, and AI inference solutions.
- Despite recent tech stock declines, Nvidia shares have seen a 73% surge over the past 12 months.