- Mizuho analyst Vijay Rakesh reiterated a Buy on Nvidia Corp (NASDAQ:NVDA) with a $205 price target.
- Recent events have significantly impacted the global AI technology roadmap, from elevated geopolitical tensions resulting from technology export restrictions to essential industry product updates.
- Rakesh writes NVDA reigns supreme, with its DGX H100 (Hopper) potentially continuing to dominate the market.
- He expected competition abounds as AI startups seek to disrupt the industry, including Cerebras, Tesla Inc (NASDAQ:TSLA), and Sambanova, among others.
- Rakesh estimates U.S. Department of Commerce restrictions on AI chips could start to close the door for even domestic China suppliers to be given technology, support, and supply chain restrictions.
- Rakesh continues to see NVDA as the best AI and ML play, pushing the tip of the spear in AI training performance.
- The valuations are attractive, reflecting macro PC and gaming softness and significant US-China restrictions impact, offsetting tailwinds from recent Meta Platforms Inc (NASDAQ:META) capex ramps for C23E in AI.
- Price Action: NVDA shares traded lower by 1.74% at $135.93 on the last check Monday.
- Photo via Wikimedia Commons
AMC Is Overpriced, Says Analyst Calling For 48% Price Drop From Here
Analysts at Wedbush are not romanticizing the relationship between AMC Entertainment Inc (NYSE: AMC), and its retail shareholders. In fact, Wedbush believes that the steadfast retail crowd will continue to prop up shares of AMC.
