‘This New Technology Ups the Game,’ Says Kevin Cassidy About Nvidia Stock

Nvidia (NASDAQ:NVDA) has been at the center of the tech world’s attention for the past couple of years, so it’s only fitting that it takes the spotlight at the world’s biggest computing tech show.

That would be Computex 2025, which is taking place in Taipei this week. Donning his trademark leather jacket, Nvidia CEO Jensen Huang opened the event with a keynote filled with new product announcements and advancements aimed at driving the Age of AI forward.

Among the key unveilings was NVLink Fusion, a new technology that enables seamless integration of chips from multiple vendors. With this, customers can combine Nvidia’s Blackwell GPUs with third-party CPUs, or pair Nvidia’s Grace CPUs with custom AI chips from other makers, all connected through the NVLink system. Initial partners include Fujitsu and Qualcomm on the CPU side, while AI chip developers like AIchip Technologies, Astera Labs, Marvell, and MediaTek are also on board.

Huang’s presentation also ventured into robotics, revealing the Isaac GR00T N1.5 and GR00T-Dreams platforms, new tools aimed at accelerating humanoid robot development. GR00T-Dreams, powered by the Cosmos platform, enables robots to master tasks using synthetic motion data and customizable AI models. The initiative is already attracting major names such as Boston Dynamics and Agility Robotics.

On the hardware front, Nvidia introduced high-performance servers built for AI factories, powered by the new RTX PRO 6000 Blackwell GPUs. These systems support up to eight GPUs and include next-gen networking via BlueField-3 DPUs and ConnectX-8 SuperNICs. A new Enterprise AI Factory reference design will help customers deploy these capabilities quickly, with firms like Cadence, Foxconn, and Lilly already planning to build AI factories around them.

Moreover, Nvidia has plans to build an AI factory supercomputer with Foxconn and the Taiwan government. It will use 10,000 Blackwell GPUs to boost AI computing power and support R&D. Foxconn will use it to speed up automation in smart cities, EVs, and manufacturing.

All in all, it was a showcase packed with developments, and analysts were paying close attention. One of them is Rosenblatt’s Kevin Cassidy, a 5-star analyst ranked in the top 3% of Wall Street stock pro, who saw one announcement in particular as a standout moment.

“We view the announcement of the NVLink Fusion for custom silicon the most important,” said Cassidy. “This new technology will allow semiconductor providers taking part in custom silicon road maps to combine with NVIDIA chips via the NVLink computing fabric. We view this technology as a strategic move by NVIDIA to take part in upcoming custom silicon road maps from customers, including hyperscalers.”

Reflecting his conviction, Cassidy rates NVDA shares a Buy, while setting a $178 price target. If met, the figure could yield returns of ~32% over the one-year timeframe. (To watch Cassidy’s track record, click here)

He’s in good company. 33 other analysts also rate NVDA a Buy, with just 5 Holds and 1 Sell, resulting in a Strong Buy consensus rating. The average price target of $164.51 implies a 12-month gain of ~24% from current levels. (See NVDA stock forecast)

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Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.