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