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D.A. Davidson Analyst Upgrades Nvidia to Buy on AI Compute Demand Growth
D.A. Davidson Analyst Upgrades Nvidia to Buy on AI Compute Demand Growth
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BTCCSquare news:
D.A. Davidson analyst Gil Luria has shifted stance on Nvidia, upgrading the stock from Neutral to Buy with a raised price target of $210. The revision reflects growing confidence in sustained demand for AI compute capabilities, outweighing previous reservations about the semiconductor giant's trajectory.
Nvidia's dominance in AI chips has propelled its market valuation, but some analysts remained cautious until now. Luria's reassessment signals broader institutional recognition of AI's transformative potential across industries. The new target implies an 18.5% upside potential for the stock.
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