NVIDIA stock should be climbing higher but has only gained about 3.5 percent this year. The company wrote off all potential sales from China after new US rules blocked their special H20 computer chips there. NVIDIA decided to treat any leftover China sales as bonus money instead of counting them in their forecasts. Most problems that could hurt the stock have disappeared or become much weaker.
UBS research shows NVIDIA can see $1.5 trillion worth of data center business coming their way. The company told investors during earnings calls that they have visibility into massive AI infrastructure projects. UBS analysts did some math and found these projects could bring NVIDIA around $400 billion per year just from their data center business. These deals should happen over the next two to three years.
Mizuho analyst Jordan Klein talked to investment clients recently and came away more excited about NVIDIA stock. Boston hedge funds love NVIDIA and wonder why the stock has not broken out despite all the good news. Klein thinks some fund managers are waiting for NVIDIA to beat expectations and raise guidance in August. He believes this will force these cautious investors to start buying the stock.
UBS research shows NVIDIA can see $1.5 trillion worth of data center business coming their way. The company told investors during earnings calls that they have visibility into massive AI infrastructure projects. UBS analysts did some math and found these projects could bring NVIDIA around $400 billion per year just from their data center business. These deals should happen over the next two to three years.
Mizuho analyst Jordan Klein talked to investment clients recently and came away more excited about NVIDIA stock. Boston hedge funds love NVIDIA and wonder why the stock has not broken out despite all the good news. Klein thinks some fund managers are waiting for NVIDIA to beat expectations and raise guidance in August. He believes this will force these cautious investors to start buying the stock.
