NVIDIA Earnings: Analysts Weigh In on Chipmaker's Revenue and Profits

The article discusses analysts’ reactions to NVIDIA’s latest earnings report. According to Wedbush analyst Matt Bryson, NVIDIA’s data center revenue of $3.62 billion exceeded expectations, driven by strong demand for AI chips. However, gaming revenue declined due to weakness in the consumer market. Bryson raised his price target for NVIDIA to $290, citing the company’s leadership in AI and data center computing. Blackwell analyst Ruben Roy also praised NVIDIA’s AI and data center performance but expressed concerns about the gaming segment’s weakness. Roy maintained a “neutral” rating on the stock with a $230 price target. Overall, analysts highlighted NVIDIA’s strength in AI and data center markets as key drivers for future growth, despite challenges in the gaming segment.

Source: https://www.businessinsider.com/nvidia-earnings-analyst-comment-revenue-profits-blackwell-chips-wedbush-2024-11