Nvidia (NVDA – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Atif Malik from Citi maintained a Buy rating on the stock and has a $150.00 price target.
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Atif Malik has given his Buy rating due to a combination of factors surrounding Nvidia’s strategic initiatives and market positioning. The company’s CEO, Jensen Huang, emphasized Nvidia’s commitment to advancing Generative AI through GPU-powered data centers, which was highlighted during a keynote at Computex in Taipei. Key announcements included the NVLink Fusion, developments in physical AI with the NVIDIA Isaac GR00T N1.5 foundation model, and the launch of enterprise-focused RTX PRO 6000 Blackwell servers.
These initiatives demonstrate Nvidia’s efforts to expand its Total Addressable Market (TAM) by entering burgeoning markets like Physical AI and capturing a share of the accelerating AI infrastructure sector. The introduction of the NVLink chiplet silicon (NVLink Fusion) marks Nvidia’s strategic entry into the emerging ASIC AI Infrastructure ecosystem, positioning it to benefit from the growth in this area. Partnerships with key ASIC and AI networking companies further bolster Nvidia’s prospects, making it a compelling investment opportunity according to Malik.
In another report released yesterday, Raymond James also reiterated a Buy rating on the stock with a $150.00 price target.