Nvidia: Jefferies confirms Buy rating

(CercleFinance.com) - Jefferies is maintaining its buy rating on Nvidia shares with an unchanged target price of $150.


The analyst reports that demand has been strong for Hopper products (the graphics processor microarchitecture developed by Nvidia), while results have not met the market's high expectations.

Although the delay of the 'Blackwell' series of chips has been a source of concern, the situation is now under control with a timely launch expected, which should generate several billion dollars in revenues as early as the fourth quarter, Jeffries says.

The broker says that expectations for Q3 are "positive", although "slightly below investor expectations".


Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.