DBS analyst Fang Boon Foo has maintained their bullish stance on NVDA stock, giving a Buy rating today.
Fang Boon Foo’s rating is based on Nvidia’s strategic initiatives and market position, which are expected to drive significant growth. Nvidia plans to produce a substantial amount of AI goods in the US, enhancing its supply chain resilience and aligning with governmental policies. This initiative is crucial as upcoming semiconductor tariff policies could impact the sector, but Nvidia’s reshoring strategy positions it well to potentially benefit from these changes.
Nvidia’s dominance in the AI-chip market, particularly with its cutting-edge GPUs for data centers, supports its growth trajectory. The company’s commitment to upgrading its AI accelerators annually, as demonstrated by the upcoming Blackwell chips, further solidifies its market leadership. Additionally, Nvidia’s strong financial fundamentals, including high margins and diverse revenue streams, underpin its potential for continued success, despite a slight reduction in target price due to valuation adjustments.
In another report released today, UBS also maintained a Buy rating on the stock with a $185.00 price target.
NVDA’s price has also changed moderately for the past six months – from $131.600 to $112.200, which is a -14.74% drop .