Nvidia

Nvidia (NVDA) is likely to report “a notable but more measured” 3% to 5% or $500 million to $1 billion improvement in both reported Q4 and guided Q1 revenues, BofA Securities said in a Thursday note. The results are due on Feb 21. BofA analysts, including Vivek Arya and Blake Friedman, pointed to incremental supply gains offset by China restrictions and some transition effects prior to B100 accelerator launch planned for the second half for the improvement. “While a 3-5% beat would pale vs. the 10%/22% beat/raise of prior quarters and perhaps disappoint some bulls, the more measured pace will also be seen as creating more fertile ground for continued growth in CY25 and beyond,” the analysts said. BofA reiterated its buy rating on Nvidia while raising its price objective to $800 from $700, saying that valuation is compelling.

BofA analyst Vivek Arya reiterated a Buy rating on Nvidia Corp (NASDAQ:NVDA), boosting the price target to $800 from $700. The chip designer will report its quarterly earnings after closing on February 21. The analyst will seek for a notable but more measured 3% – 5% or $0.5 billion – $1 billion upside to both the reported fourth quarter (consensus $20 billion) and guided first quarter (consensus $21.4 billion) mainly due to incremental supply gains offset by China restrictions and some transition effects before the B100 accelerator launch planned for the second half of 2024. While a 3% – 5% beat would pale versus the 10% and 22% beat and raise of prior quarters and perhaps disappoint some bulls, the more measured pace will also be seen as creating more fertile ground for continued growth in the calendar year 2025 and beyond. Stepping above quarterly EPS noise, Arya will focus on Nvidia’s flagship

By Adam Clark Nvidia shares were heading for new highs on Friday as earnings reports from Meta Platforms and Amazon.com boosted the technology sector. Results from the major tech companies demonstrated their commitment to investment in artificial-intelligence technology, backed by Nvidia’s hardware. Nvidia shares were up 1.4% in premarket trading at $639.23. The stock closed up 2.4% at $630.27 on Thursday, a record closing high. Meta said it expects its full-year 2024 capital expenditure to be in the range of $30 billion to $37 billion. That’s up from prior guidance of $30 billion to $35 billion given three months ago. “Meta’s commitment to AI, which is evident in its recently announced substantial investment plan, includes billions in Nvidia chips to build a strong compute infrastructure for AI development,” said Mayuranki De, a research analyst at exchange-traded fund provider Global X. Amazon wasn’t as specific with its own guidance but it

Nvidia Corp. (NASDAQ:NVDA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 25.41% Cantor Fitzgerald → $775 Reiterates Overweight → Overweight 01/23/2024 25.41% Cantor Fitzgerald → $775 Initiates Coverage On → Overweight 01/19/2024 13.27% Raymond James $600 → $700 Maintains Strong Buy 01/18/2024 27.83% Tigress Financial $560 → $790 Maintains Buy 01/16/2024 19.74% Keybanc $650 → $740 Maintains Overweight 01/03/2024 -33.66% DA Davidson → $410 Initiates Coverage On → Neutral 11/22/2023 5.18% Oppenheimer → $650 Reiterates Outperform → Outperform 11/22/2023 7.61% Stifel $600 → $665 Maintains Buy 11/22/2023 1.13% Susquehanna → $625 Reiterates Positive → Positive 11/22/2023 -6.15% UBS $560 → $580 Maintains Buy 11/22/2023 — Edward Jones Downgrades Buy → Hold 11/22/2023 1.13% Mizuho $590 → $625 Maintains Buy 11/22/2023 1.13% Benchmark → $625 Reiterates Buy → Buy 11/22/2023 5.18% BMO Capital $600 → $650 Maintains Outperform 11/22/2023 -2.91% Wedbush →

Cantor Fitzgerald analyst C J Muse reiterates NVIDIA (NASDAQ:NVDA) with a Overweight and maintains $775 price target.

By Angela Palumbo Marvell Technology stock was rising Friday after a Citi analyst named the chip maker as its No. 1 specialty semiconductor pick. Citi analyst Atif Malik said in a research note Friday that Marvell is now his favorite specialty chip stock, while Nvidia is now No. 2. Malik maintained Buy ratings for both Marvell and Nvidia, with targets of $75 and $575 for their respective stock prices. “We like the stock setup in 2024 on continued AI optics growth, layering of custom ASIC AI project sales, and bottoming out of non-cloud markets like enterprise networking and carrier,” Malik said of Marvell. Marvell stock was up 2.1% to $69.65 in premarket trading Friday . Shares of Nvidia rose 1.6% to $580.10, while futures on the Nasdaq 100 were up 0.6%. Malik’s optimism about Marvell comes even though the company posted fiscal third-quarter earnings and revenue that fell from the

Nvidia Corp. (NASDAQ:NVDA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 21.02% Raymond James $600 → $700 Maintains Strong Buy 01/18/2024 36.58% Tigress Financial $560 → $790 Maintains Buy 01/16/2024 27.94% Keybanc $650 → $740 Maintains Overweight 01/03/2024 -29.12% DA Davidson → $410 Initiates Coverage On → Neutral 11/22/2023 12.38% Oppenheimer → $650 Reiterates Outperform → Outperform 11/22/2023 14.97% Stifel $600 → $665 Maintains Buy 11/22/2023 8.05% Susquehanna → $625 Reiterates Positive → Positive 11/22/2023 0.27% UBS $560 → $580 Maintains Buy 11/22/2023 — Edward Jones Downgrades Buy → Hold 11/22/2023 8.05% Mizuho $590 → $625 Maintains Buy 11/22/2023 8.05% Benchmark → $625 Reiterates Buy → Buy 11/22/2023 12.38% BMO Capital $600 → $650 Maintains Outperform 11/22/2023 3.73% Wedbush → $600 Reiterates Outperform → Outperform 11/22/2023 16.7% Wells Fargo $600 → $675 Maintains Overweight 11/22/2023 4.25% Morgan Stanley $600 → $603

Raymond James analyst Srini Pajjuri maintains NVIDIA (NASDAQ:NVDA) with a Strong Buy and raises the price target from $600 to $700.

Meta is making a significant investment in Nvidia’s AI chips, a move that positions Nvidia as a leading player in AI chip production. These sought-after H100 graphics cards from Nvidia, essential for advanced AI algorithm development and implementation, come with a high price tag. Nvidia’s engagement in AI has led to a remarkable surge in its stock value, with a 235% uptrend in 2023. Meta is investing substantially in Nvidia’s AI chips. This investment positions Nvidia as a leader in AI chip production. Meta aims to integrate 350,000 H100 graphics cards from Nvidia into their systems by the end of 2024. These high-performance graphics cards, sought after by many, carry a hefty price tag of over $30,000 and can exceed $40,000 on platforms like eBay due to their high demand. Yann LeCun, Meta’s Chief Scientist, has highlighted the essential role of GPUs (Graphics Processing Units) in advancing AI. The use

Nvidia looks like a long-term winner with accelerated computing that can grow at 20% CAGR off of 2022 revenue, but in the two weeks since he initiated coverage of the company with a neutral rating, DA Davidson analyst Gil Luria hasn’t heard anything that will shift his view that consensus estimates and expectations for the company’s 2025 and beyond are too high. He believes a meaningful part of Nvidia ownership currently represents portfolio benchmark risk mitigation, and that investors who previously missed out on gains won’t be keen to fight uphill for shares again.

Keybanc analyst John Vinh maintains NVIDIA (NASDAQ:NVDA) with a Overweight and raises the price target from $650 to $740.

Nvidia Corp. (NASDAQ:NVDA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/03/2024 -13.79% DA Davidson → $410 Initiates Coverage On → Neutral 11/22/2023 36.68% Oppenheimer → $650 Reiterates Outperform → Outperform 11/22/2023 39.84% Stifel $600 → $665 Maintains Buy 11/22/2023 31.42% Susquehanna → $625 Reiterates Positive → Positive 11/22/2023 21.96% UBS $560 → $580 Maintains Buy 11/22/2023 — Edward Jones Downgrades Buy → Hold 11/22/2023 31.42% Mizuho $590 → $625 Maintains Buy 11/22/2023 31.42% Benchmark → $625 Reiterates Buy → Buy 11/22/2023 36.68% BMO Capital $600 → $650 Maintains Outperform 11/22/2023 26.17% Wedbush → $600 Reiterates Outperform → Outperform 11/22/2023 41.94% Wells Fargo $600 → $675 Maintains Overweight 11/22/2023 26.8% Morgan Stanley $600 → $603 Maintains Overweight 11/22/2023 26.17% Needham → $600 Reiterates Buy → Buy 11/17/2023 26.17% Stifel → $600 Reiterates Buy → Buy 11/17/2023 30.37% Piper Sandler → $620 Reiterates