NVIDIA (Nasdaq: NVDA)) The recent decrease in shares is not a source of concern, This is an opportunity to buy, according to Wells Fargo, which considers the next GTC conference as a potential catalyst for the flea manufacturer.
Analyst Aaron Rakers, who has an overweight note and a price target of $ 185 on NVIDIA, stressed that in the past five years, NVIDIA shares have always surpassed the philadelphia semiconductor index around GTC, with an average yield of more than 6% during the event week and more than 4% in the following two weeks.
A major objective for investors is the optics of co-football (CPO), although Rakers do not expect Nvidia to the Introduction at the GPU level. However, he thinks that the integration of the CPO could make its debut in the NVIDIA Infiniband Quantum Infiniband networking portfolio in the GTC.
The other highlights expected include Blackwell Ultra (GB300), which will focus on the inference and progress of Nvidia Nvlink and Spectrum Ultra X800. Investors will also monitor updates on the monetization of AI software in Nvidia and the expansion of project figures.
This article appeared for the first time on Gurufocus.