Nvidia shares up 12% on earnings and bullish outlook on A.I.
Summary
Analysts responded positively both to Nvidias results and to growth in its data-center business, with a slew of reiterated or upgraded ratings coming after the report. Nvidias report on the same day Intel slashed its dividend by two-thirds highlights a "multi-generational shift we have never witnessed," Mosesmann continued, reiterating a Buy rating and setting a $320 price target. Credit Suisses Chris Case offered a similarly optimistic note, calling Nvidia a stock "difficult not to own" and maintaining it as a sector top pick. That assessment, Case wrote, was driven by "a combination of derisked gaming estimates coupled with what we believe is the strongest growth potential in semis from AI/datacenter." "In hindsight, we acknowledge that our decision to remain on the sidelines in anticipation of a pullback in the companys fundamentals was wrong," Hari wrote in a Wednesday morning note, citing Nvidias "disciplined expense management" and accelerating A.I.
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