Core Viewpoint - Nvidia (NVDA) is positioned as a major beneficiary of the artificial intelligence boom, driven by strong demand for its advanced graphics processing units (GPUs) [1] Market Pressure and Competition - The stock has faced pressure due to concerns over AI valuations and increasing competition from companies like Broadcom (AVGO), Advanced Micro Devices (AMD), and Google's tensor processing units (TPUs) [2] - Nvidia is also dealing with uncertainties regarding chip exports to China amid geopolitical tensions [2] Analyst Sentiment - Despite market pressures, several analysts maintain a bullish outlook on Nvidia, citing its strong execution, innovation, and dominant position in the AI GPU market [3] - TipRanks' AI Analyst has an "outperform" rating on NVDA with a price target of $205 [3] Analyst Insights - **Vivek Arya – Bank of America** - Arya reiterated a buy rating with a price target of $275, emphasizing Nvidia's competitive edge and upcoming Blackwell-backed LLMs expected in early 2026 [4][6] - He noted a $500 billion revenue opportunity for Blackwell, Rubin, and networking for 2025-2026, with recent deals with OpenAI and Anthropic representing potential upside [7][8] - **Stacy Rasgon – Bernstein** - Rasgon also holds a buy rating with a price target of $275, highlighting the potential upside in the $500 billion outlook for Blackwell and networking sales [9][10] - He believes Nvidia is about two years ahead of Google's TPU program and that its programmable platform solutions are superior for cloud AI infrastructure [11][12] - Rasgon mentioned ongoing uncertainty regarding licenses to ship H200 AI chips to China and the implications of a 25% revenue sharing with the U.S. government [13] - **Blayne Curtis – Jefferies** - Curtis reaffirmed a buy rating with a price target of $250, citing Nvidia's technology moat and growth potential amid ASIC adoption [15][16] - He expects significant revenue from the new CPX chip in 2027 and has raised his EPS estimates for 2026 and 2027 to $7.82 and $9.50, respectively [18]