Artificial intelligence remains the key theme in technology companies’ earnings. Those on the prowl for attractive AI plays should look to Nvidia and Cisco ahead of their respective earnings, according to analysts at Melius Research.
Nvidia investors shouldn’t worry, according to Melius analyst Ben Reitzes. He argues Nvidia will find other buyers for its chips and expects the company to be able to give details about potential redistribution of products meant for China to the Middle East and other regions when it delivers earnings on Nov. 21.
Reitzes has a Buy rating and two-year target price of $730 on Nvidia, based on a price-to-earnings multiple of 35 times the company’s forecast 2026 earnings.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม: