Nvidia

Nvidia Corp. (NASDAQ:NVDA) remains a “top pick” ahead of the release of its fiscal Q4 results on Wednesday, BofA Securities said in a note Thursday. But the firm said that “a notable but brief pullback after the recent parabolic run-up in the stock” wouldn’t be surprising, with options indicating an implied move of about 11% following earnings. BofA also said that stock volatility would likely be temporary as investors look ahead to Nvidia’s GPU Tech Conference on March 18 to 21 that will feature important pipeline, partner and artificial intelligence updates. On AI total addressable market, the firm said it could be taken to the $250 billion to $500 billion range by cloud competition, sovereign AI, enterprise on-premises spending and pricing. BofA maintained Nvidia’s buy rating with a price objective of $800.

Nvidia Corp. (NASDAQ:NVDA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/16/2024 14.08% Wells Fargo $675 → $840 Maintains Overweight 02/16/2024 15.44% Oppenheimer $650 → $850 Maintains Outperform 02/16/2024 8.65% Wedbush $600 → $800 Maintains Outperform 02/16/2024 62.97% Loop Capital → $1200 Initiates Coverage On → Buy 02/14/2024 15.44% Susquehanna $625 → $850 Maintains Positive 02/13/2024 12.04% Mizuho $625 → $825 Maintains Buy 02/12/2024 5.25% Cantor Fitzgerald → $775 Reiterates Overweight → Overweight 02/07/2024 1.86% Morgan Stanley $603 → $750 Maintains Overweight 02/05/2024 8.65% Goldman Sachs $625 → $800 Maintains Buy 01/29/2024 5.25% Cantor Fitzgerald → $775 Reiterates Overweight → Overweight 01/23/2024 5.25% Cantor Fitzgerald → $775 Initiates Coverage On → Overweight 01/19/2024 -4.94% Raymond James $600 → $700 Maintains Strong Buy 01/18/2024 7.29% Tigress Financial $560 → $790 Maintains Buy 01/16/2024 0.5% Keybanc $650 → $740 Maintains Overweight 01/03/2024 -44.32% DA

Nvidia reports fourth-quarter fiscal-2024 earnings. This is perhaps the most consequential earnings release for the stock market so far this year, as much of the gains in the S&P 500 over the past year have been powered by artificial-intelligence hype and hope. Shares of Nvidia, the poster child of the AI boom, have already rallied 47% this year after jumping 239% in 2023. Consensus estimates are for Nvidia to earn $4.59 a share on $20.4 billion in revenue for the quarter.

Nvidia Corp. (NASDAQ:NVDA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/05/2024 18.36% Goldman Sachs $625 → $800 Maintains Buy 01/29/2024 14.66% Cantor Fitzgerald → $775 Reiterates Overweight → Overweight 01/23/2024 14.66% Cantor Fitzgerald → $775 Initiates Coverage On → Overweight 01/19/2024 3.57% Raymond James $600 → $700 Maintains Strong Buy 01/18/2024 16.88% Tigress Financial $560 → $790 Maintains Buy 01/16/2024 9.49% Keybanc $650 → $740 Maintains Overweight 01/03/2024 -39.34% DA Davidson → $410 Initiates Coverage On → Neutral 11/22/2023 -3.83% Oppenheimer → $650 Reiterates Outperform → Outperform 11/22/2023 -1.61% Stifel $600 → $665 Maintains Buy 11/22/2023 -7.53% Susquehanna → $625 Reiterates Positive → Positive 11/22/2023 -14.19% UBS $560 → $580 Maintains Buy 11/22/2023 — Edward Jones Downgrades Buy → Hold 11/22/2023 -7.53% Mizuho $590 → $625 Maintains Buy 11/22/2023 -7.53% Benchmark → $625 Reiterates Buy → Buy 11/22/2023 -3.83% BMO Capital

Goldman Sachs raised NVIDIA Corp.’s (NASDAQ:NVDA) 12-month price forecast to $800. The move signals a 21% potential leap from its current levels. It also underscores the bullish approach analysts are taking regarding the company’s pioneering role in the rapidly evolving field of accelerated computing. What Happened: Goldman Sachs analysts Toshiya Hari and Anmol Makkar highlighted “various data points from the broader ecosystem that point to sustained strength in demand for accelerated computing.” A pivotal element of their bullish stance is NVIDIA’s successful foray into AI monetization, particularly its contributions to Microsoft Corp. (NYSE:MSFT)’s Azure and Meta Platforms Inc. (NASDAQ:META) revenue streams. Analysts spotlight the optimistic outlook on AI-related capital investments, with Meta’s capex guidance adjustment from $30-35 billion before $30-37 billion being a case in point. This not only reflects a growing commitment to AI but also boosts NVIDIA’s growth narrative. “We believe Nvidia will remain as the industry gold standard for the foreseeable future given its robust hardware

Nvidia (NVDA) is likely to report “a notable but more measured” 3% to 5% or $500 million to $1 billion improvement in both reported Q4 and guided Q1 revenues, BofA Securities said in a Thursday note. The results are due on Feb 21. BofA analysts, including Vivek Arya and Blake Friedman, pointed to incremental supply gains offset by China restrictions and some transition effects prior to B100 accelerator launch planned for the second half for the improvement. “While a 3-5% beat would pale vs. the 10%/22% beat/raise of prior quarters and perhaps disappoint some bulls, the more measured pace will also be seen as creating more fertile ground for continued growth in CY25 and beyond,” the analysts said. BofA reiterated its buy rating on Nvidia while raising its price objective to $800 from $700, saying that valuation is compelling.

BofA analyst Vivek Arya reiterated a Buy rating on Nvidia Corp (NASDAQ:NVDA), boosting the price target to $800 from $700. The chip designer will report its quarterly earnings after closing on February 21. The analyst will seek for a notable but more measured 3% – 5% or $0.5 billion – $1 billion upside to both the reported fourth quarter (consensus $20 billion) and guided first quarter (consensus $21.4 billion) mainly due to incremental supply gains offset by China restrictions and some transition effects before the B100 accelerator launch planned for the second half of 2024. While a 3% – 5% beat would pale versus the 10% and 22% beat and raise of prior quarters and perhaps disappoint some bulls, the more measured pace will also be seen as creating more fertile ground for continued growth in the calendar year 2025 and beyond. Stepping above quarterly EPS noise, Arya will focus on Nvidia’s flagship

By Adam Clark Nvidia shares were heading for new highs on Friday as earnings reports from Meta Platforms and Amazon.com boosted the technology sector. Results from the major tech companies demonstrated their commitment to investment in artificial-intelligence technology, backed by Nvidia’s hardware. Nvidia shares were up 1.4% in premarket trading at $639.23. The stock closed up 2.4% at $630.27 on Thursday, a record closing high. Meta said it expects its full-year 2024 capital expenditure to be in the range of $30 billion to $37 billion. That’s up from prior guidance of $30 billion to $35 billion given three months ago. “Meta’s commitment to AI, which is evident in its recently announced substantial investment plan, includes billions in Nvidia chips to build a strong compute infrastructure for AI development,” said Mayuranki De, a research analyst at exchange-traded fund provider Global X. Amazon wasn’t as specific with its own guidance but it

Nvidia Corp. (NASDAQ:NVDA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 25.41% Cantor Fitzgerald → $775 Reiterates Overweight → Overweight 01/23/2024 25.41% Cantor Fitzgerald → $775 Initiates Coverage On → Overweight 01/19/2024 13.27% Raymond James $600 → $700 Maintains Strong Buy 01/18/2024 27.83% Tigress Financial $560 → $790 Maintains Buy 01/16/2024 19.74% Keybanc $650 → $740 Maintains Overweight 01/03/2024 -33.66% DA Davidson → $410 Initiates Coverage On → Neutral 11/22/2023 5.18% Oppenheimer → $650 Reiterates Outperform → Outperform 11/22/2023 7.61% Stifel $600 → $665 Maintains Buy 11/22/2023 1.13% Susquehanna → $625 Reiterates Positive → Positive 11/22/2023 -6.15% UBS $560 → $580 Maintains Buy 11/22/2023 — Edward Jones Downgrades Buy → Hold 11/22/2023 1.13% Mizuho $590 → $625 Maintains Buy 11/22/2023 1.13% Benchmark → $625 Reiterates Buy → Buy 11/22/2023 5.18% BMO Capital $600 → $650 Maintains Outperform 11/22/2023 -2.91% Wedbush →

Cantor Fitzgerald analyst C J Muse reiterates NVIDIA (NASDAQ:NVDA) with a Overweight and maintains $775 price target.

By Angela Palumbo Marvell Technology stock was rising Friday after a Citi analyst named the chip maker as its No. 1 specialty semiconductor pick. Citi analyst Atif Malik said in a research note Friday that Marvell is now his favorite specialty chip stock, while Nvidia is now No. 2. Malik maintained Buy ratings for both Marvell and Nvidia, with targets of $75 and $575 for their respective stock prices. “We like the stock setup in 2024 on continued AI optics growth, layering of custom ASIC AI project sales, and bottoming out of non-cloud markets like enterprise networking and carrier,” Malik said of Marvell. Marvell stock was up 2.1% to $69.65 in premarket trading Friday . Shares of Nvidia rose 1.6% to $580.10, while futures on the Nasdaq 100 were up 0.6%. Malik’s optimism about Marvell comes even though the company posted fiscal third-quarter earnings and revenue that fell from the

Nvidia Corp. (NASDAQ:NVDA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/19/2024 21.02% Raymond James $600 → $700 Maintains Strong Buy 01/18/2024 36.58% Tigress Financial $560 → $790 Maintains Buy 01/16/2024 27.94% Keybanc $650 → $740 Maintains Overweight 01/03/2024 -29.12% DA Davidson → $410 Initiates Coverage On → Neutral 11/22/2023 12.38% Oppenheimer → $650 Reiterates Outperform → Outperform 11/22/2023 14.97% Stifel $600 → $665 Maintains Buy 11/22/2023 8.05% Susquehanna → $625 Reiterates Positive → Positive 11/22/2023 0.27% UBS $560 → $580 Maintains Buy 11/22/2023 — Edward Jones Downgrades Buy → Hold 11/22/2023 8.05% Mizuho $590 → $625 Maintains Buy 11/22/2023 8.05% Benchmark → $625 Reiterates Buy → Buy 11/22/2023 12.38% BMO Capital $600 → $650 Maintains Outperform 11/22/2023 3.73% Wedbush → $600 Reiterates Outperform → Outperform 11/22/2023 16.7% Wells Fargo $600 → $675 Maintains Overweight 11/22/2023 4.25% Morgan Stanley $600 → $603