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Chip Designer Nvidia Corporation is an advisory investment in Evercore is the cheapest action; The company shared a new note published earlier during the day. Evercore has kept an overweight note and an action lens of $ 190 for Nvidia and stressed that if the company signals a little pace as well as a positive feeling for its latest Blackwell GPUs, then the stock could feel rear winds. Nvidia’s shares are currently negotiating $ 130 and have been laggs for some time, because investors have been on the sidelines and assess demand for its products and the availability of Blackwell.
The objective of the NVIDIA action course is maintained at $ 190 per Evercore as well as the overweight note
The call of NVIDIA’s results for its fourth tax quarter is due Wednesday, analysts expecting the company to show $ 38 billion in revenue and approximately $ 0.84 of profit per share. An updated year, NVIDIA’s shares have lost 5.81%, while the action has been stable since mid-August. However, Evercore always evaluates Nvidia as an outperformance because he believes that actions could benefit from a little rhythm of the fourth quarter and an increase in the first quarter associated with optimism surrounding the availability of Blackwell.
Investors were nervous about Nvidia’s actions before the company’s profits report. The stock lost 3% on Monday in the middle of a negativity wave which included Microsoft reduction reports from its presence as a data center and the depth of China which maintains its AI progress. Nvidia’s shares have lost nearly $ 600 billion in market capitalization in January after investors denounced the stock in the middle of Deepseek concerns eliminating the need to spend billions of dollars to buy advanced GPUs.
In his note, Evercore ISI retains an action target of the $ 190 action on Nvidia as well as an overweight note. The company notes that before nvidia profits investors are concerned with the drop in Deepseek The GPU application, depth of the AI -calculation request to apply specific integrated circuits (ASIC) or Personalized chips and delays with NVIDIA Blackwell GPUs.
An alleged drop in requirements in terms of computing AI demonstrated by Deepseek has suggested to investors that personalized AI fleas could allow companies to reduce their IA development costs. Evercore adds that the market is also concerned about the “ digestion ” in the data center where companies decide to fully use their existing capacity and orders before deciding to obtain additional GPUs.
However, the investment consulting company notes that, as Nvidia’s actions are negotiated their long -term profit at 30 times, the action is the cheapest in its IA coverage world. Consequently, he concludes that all profits beat and increase in future income could generate rear winds for Nvidia’s actions.