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 recent developments in the Chinese market. The company’s announcement to resume sales of its H20 chips in China, following high-level discussions between Nvidia’s CEO and U.S. and Chinese officials, is a significant factor. This move comes after a previous export ban led to a substantial writedown and a forecast of zero revenue from China, signaling a potential turnaround.
Investors are optimistic as Nvidia’s re-entry into the $50 billion Chinese market for AI chips could contribute significantly to its earnings, with projections of additional EPS in fiscal 2026. The potential for increased revenues, alongside the possibility of improved gross margins due to sales of previously written-off inventory, supports a positive outlook. However, while the opportunity is promising, there remains a risk of future regulatory changes that could impact this revenue stream.
In another report released today, Oppenheimer also maintained a Buy rating on the stock with a $200.00 price target.
Based on the recent corporate insider activity of 109 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.