Bernstein has maintained an “Outperform” rating on NVIDIA ($NVDA), with a price target of $185. The analyst, Stacy Rasgon, believes that while there wasn’t anything completely surprising given all the speculation before the event, the overall outlook still looks positive.
Rasgon highlighted that NVIDIA’s strategy and future plans look very strong. The company continues to build a significant lead over its competitors in almost every area of its business.
In particular, NVIDIA is optimistic about the growth of the data center sector, predicting that over $1 trillion will be invested in data center infrastructure by 2028. The company expects to capture an increasing share of that investment. Overall, Rasgon believes that NVIDIA is in a dominant position, and it is unlikely to lose its edge in the market.
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