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BoA: Nvidia to Overcome DeepSeek and Trade War Headwinds; Shrs May Hit New High
Recommend 4 Positive 12 Negative 2 |
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Nvidia (NVDA.US) should be able to weather with headwinds such as the global trade war, and its share price is likely to set an all-time high, said Bank of America. Vivek Arya, an analyst at Bank of America, said Nvidia still seizes a favorable position, although DeepSeek's large language model (LLM) has raised questions about the need for the tech industry to invest enormous amount of money in AI development. Meta (META.US) and Microsoft (MSFT.US) have not withdrawn their capex plans in recent results announcements, suggesting that Nvidia's sales will continue to thrive robustly, he pointed out. Nvidia will announce its fourth-quarter results on February 26. The analyst expected growing demand from the West, including the U.S., for cloud computing, enterprise, OpenAI and Stargate, to offset China's headwinds for Nvidia, given that much of the world's server production has shifted from Beijing to Taiwan, Mexico, and even the U.S. Bank of America reiterated its Buy rating on Nvidia and gave the company a target price of US$190, nearly 63% above Monday's closing price of US$116.66. AAStocks Financial News |
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