Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Matthew Prisco"


2 mentions found


Evercore ISI is bullish Nvidia , the best-performing S & P 500 stock this year, as the latest earnings season approaches. "NVIDIA remains our top pick overall, positioned well into earnings season based on sustainability of AI spend and beat/raise on the come," analyst Matthew Prisco said in a Thursday note. The corporate earnings season kicks off next week, with big banks JPMorgan Chase, Wells Fargo and Citigroup slated to report. He highlighted Nvidia as one of the few semiconductor leaders that screen attractively in earnings power for 2025. "Simply put, it is too early to get off the AI train—NVDA remains our favorite play here."
Persons: Matthew Prisco, Wells, Prisco, Michael Bloom Organizations: ISI, Nvidia, NVIDIA, JPMorgan Chase, Citigroup Locations: Wells Fargo
Shares of Nvidia were under pressure as investors weighed the effect of potential new restrictions on exports of artificial intelligence chips to China, but Wall Street is still upbeat on the stock. Several analysts are projecting China could be between 10% and 15% of Nvidia's data center revenue this year. Evercore ISI maintained its outperform rating on the stock and called the news "a little speed bump on the AI highway." In the near term, Nvidia should be able to ship the current backlog, Prisco said in the Tuesday note. NVDA YTD mountain Nvidia year-to-date Citi analysts also said they believe AI demand will exceed supply this year and that Nvidia "can move its chips around."
Persons: Biden, Goldman Sachs, Toshiya Hari, Evercore, Matthew Prisco, Prisco, CNBC's Michael Bloom Organizations: Nvidia, Wall Street Journal, Bank of America, ISI, Citi, " Bank of America Locations: China, Hong Kong, NVDA
Total: 2