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 surrounding Nvidia’s potential market expansion and strategic positioning. The recent approval by the Trump administration for Nvidia to sell its H200 GPUs to China marks a significant opportunity, as it opens up a substantial market that was previously restricted. This move is expected to drive potential revenue growth for Nvidia, given China’s large market for GPUs.
Moreover, the sale of H200 chips not only promises incremental revenue but also enhances the adoption of Nvidia’s CUDA software stack in China. This is particularly important as it strengthens Nvidia’s market presence and mitigates the risk of competition from domestic Chinese alternatives. With a significant portion of AI research occurring in China, the integration of Nvidia’s technology could solidify its foothold in the region, justifying the Buy rating.
In another report released today, Citi also maintained a Buy rating on the stock with a $270.00 price target.
Based on the recent corporate insider activity of 128 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.