William Blair analyst Sebastien Naji has maintained their bullish stance on NVDA stock, giving a Buy rating today.
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Sebastien Naji has given his Buy rating due to a combination of factors that highlight Nvidia’s strong performance and future potential. Despite facing challenges such as the H20 export restriction, Nvidia reported impressive first-quarter results, with a significant year-over-year revenue increase. The company’s ability to maintain strong non-GAAP gross margins, even with substantial write-off charges, underscores its resilience and operational efficiency.
Naji’s optimism is further supported by Nvidia’s leadership in AI technology and the robust demand for its data center products, particularly the Blackwell systems. The company’s gaming segment also showed surprising growth, driven by high demand for the RTX 50 Series. Although second-quarter guidance was slightly below expectations due to omitted China revenue, Nvidia’s management remains confident in achieving higher margins later in the year. This confidence is bolstered by factors such as increased reasoning demand and the growing adoption of AI in enterprise applications.
In another report released today, UBS also maintained a Buy rating on the stock with a $175.00 price target.
Based on the recent corporate insider activity of 121 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NVDA in relation to earlier this year.