Rosenblatt analyst Hans Mosesmann reiterates Nvidia Corp. (NASDAQ: NVDA) with a buy and price target of $320.
The analyst expects Nvidia to meet or slightly exceed April and July quarter outlook expectations for the Data Center Hopper H100 Ramp, Strong Gaming Trends (Ada Lovelace) and Stable Networks ( NIC, switching and DPU).
He sees Nvidia driving the biggest technological inflection the world has seen in transformational AI everywhere and in everything.
Jensen’s AI vision overtly coincides with what appears to be Intel Corporation (NASDAQ:INTC) secular structural decline, signaling a changing of the guard in Silicon Valley for generational global semiconductor leadership.
The title is up 99% since the start of the year.
Price action: NVDA shares traded down 0.95% to $286.07 when last checked on Thursday.
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Will this Nvidia item exceed Q1 expectations? Analyst Says Probably, Supported by AI and Rise of Gaming GPU Originally appeared on Benzinga.com
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