The stock price target was reset by the analyst

TheStreet

Arya and his team lifted their Nvidia price target by $180 to $1,500 a share, calling the stock a top pick while maintaining a buy rating.
“With potentially faster Blackwell adoption (increased mainstream AI), we see potential EPS power of $50+ within two years,” the bank added.
Analysts at Evercore ISI, meanwhile, noted that Nvidia’s pending 10-for-1 split could add an extra dimension of volatility to the market’s most-important stock.
The stock is scheduled to start trading post-split on Monday, June 10.
More AI Stocks: Analysts retool C3.ai stock price target after earnings Analysts revamp Salesforce stock price targets after earnings Veteran fund manager issues blunt warning on Nvidia stock Nvidia shares, in fact, have risen nearly 15.5% since the group reported better-than-expected fiscal-first-quarter earnings on May 22, while the S&P 500 has fallen 0.55% and the Nasdaq has slipped 0.4%.
That divergence could suggest Nvidia’s recent market leadership is starting to fade, as it’s been unable to drag broader indexes along with it, Evercore said.
There is “no precedent for a stock of Nvidia’s size having its post-earnings share surge ‘ignored’ by the broader S&P 500,” the investment firm said.
Nvidia shares were marked 3.65% higher in early Monday trading to change hands at $1,134.31 each.

NEGATIVE

as of 12:09 PM EDT.

After CEO Jensen Huang revealed details of a new line of chips and processors that could further solidify Nvidia’s hold on the global AI market, the company’s shares moved sharply higher in early Monday trading, approaching a new record peak.

With a gain of just over $500 million in market value in the last month alone, Nvidia (NVDA) has surged more than 127 percent this year to become the third-largest company in the world and the most significant tech stock.

With eighty percent of the market for graphics chips and central processors, the group has brought massive artificial intelligence datasets from hyperscalers like Meta Platforms (META), Microsoft (MSFT), and Alphabet (GOOG) to Santa Clara, California. generate billions of dollars in new revenue with remarkable profit margins.

During the three months ended in April, data-center sales—which include the group’s primary AI offerings—soared to a record $22.6 billion, more than five times higher than a year earlier, and gross profit margins increased to 78.9 percent.

Nvidia also announced that revenue for the current quarter would increase to about $28 billion, with a 2% error margin. However, the company also disclosed that it would take until the second half of the year for its new Blackwell processor and software system to begin shipping.

According to the tech group, the new Blackwell GPU architecture, named for African American mathematician David Harold Blackwell, uses less energy and offers more customized flexibility than Nvidia’s current Hopper chips, all while performing AI tasks at a speed that is more than twice as fast. It is anticipated to release at some point in the upcoming year.

through Rubin from Blackwell.

During a speech over the weekend at the National Taiwan University in Taipei, Huang revealed details of a new family of chips and processors called Rubin, adding yet another layer of demand potential to Nvidia’s expanding lineup.

The new Rubin systems will be released in 2026 and are named for American astronomer Vera Rubin, who is credited with discovering so-called dark matter, according to Huang.

As Huang put it, “Our company follows a one-year rhythm.”. “Our basic tenet is very straightforward: we push technology to its limits, build the entire data center scale, and disassemble and sell to you parts on a yearly basis. “.

The latest news will “continue to bolster Nvidia’s AI leadership position,” according to BofA Securities analyst Vivek Arya. The announcements essentially accelerate the group’s product cycle from two years to one year. “.”.

Reiterating their buy recommendation, Arya and colleagues increased their target price for Nvidia by $180 to $1,500 per share, deeming the stock a great choice.

The earning power of Nvidia.

The B of A team stated, “We continue to believe Nvidia’s turnkey system design could sustain 80 percent+ market share in AI accelerators and generate sustained growth in networking (Ethernet switch to already ramp to multibillion dollars within a year).”.

“In two years, we see potential EPS power of $50+ with faster Blackwell adoption (increased mainstream AI),” the bank continued.

Meanwhile, Evercore ISI analysts pointed out that Nvidia’s impending 10-for-1 split might give the most significant stock on the market an additional layer of volatility. Beginning on Monday, June 10, the stock is expected to trade following the split.

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While the Nasdaq has dropped 0.4 percent and the SandP 500 has dropped 0.55% since the company’s May 22 announcement of better-than-expected fiscal first-quarter earnings, Nvidia shares have actually increased by almost 15 points.

Since Nvidia hasn’t been able to pull larger indices with it, this divergence may indicate that its recent dominance of the market is beginning to wane, according to Evercore. The investment firm claimed that there is “no precedent for a stock of Nvidia’s size having its post-earnings share surge ‘ignored’ by the broader S&P 500.”.

As of early Monday trading, Nvidia shares were trading at $1,134.31 per share, up 3.65% from their opening price.

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