Nvidia: Jefferies still buying with GTC

(CercleFinance.com) - Jefferies maintains its 'buy' rating on Nvidia shares, along with its $185 TP, noting that the pace of innovation on all fronts continues to impress and suggests a growing gap with peers.


Regarding the AI chip specialist's GTC conference, the broker believes that, given its updated roadmap, Rubin will only mark an incremental upgrade in 2026, with Rubin Ultra expected to be the most significant leap forward in 2027.

We had hoped for more evidence of TAM expansion and TCO benefits, but what is clear is the breadth and strength of Nvidia's offerings across hardware/software and verticals, Jefferies summarises.


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