Evercore ISI calls Nvidia a top play as the earnings season approaches

  • 📰 CNBC
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

The firm maintained its outperform rating and $600 price target, which suggests 36.2% upside for the chipmaker.

Evercore ISI is bullish Nvidia , the best-performing S & P 500 stock this year, as the latest earnings season approaches. The firm called the chipmaker a top play and maintained its outperform rating and $600 price target. That forecast suggests 36.2% upside for the semiconductor company. "NVIDIA remains our top pick overall, positioned well into earnings season based on sustainability of AI spend and beat/raise on the come," analyst Matthew Prisco said in a Thursday note.

mountain NVDA in 2023 According to the Evercore ISI analyst, Nvidia's demand is sustainable through the first half of 2024, with networking and HBM, or high-bandwidth memory, demand inflections to come. He highlighted Nvidia as one of the few semiconductor leaders that screen attractively in earnings power for 2025.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Is Nvidia Abusing its Market Position?It all started with news of an early-morning raid on Nvidia's French offices.
Source: hackernoon - 🏆 532. / 51 Read more »