DA Davidson maintains a neutral rating and $135 target price on Nvidia (NVDA), noting that while the company has made several announcements at CES that bode well for its presence in many AI categories that go beyond its current success in the data center, the firm believes 2025 will be a peak year as its largest customers moderate spending through 2026. The firm adds that Nvidia shares had underreacted given the lack of material update on Blackwell’s shipments or the next generation of data center products at the company’s CES presentation.
First published in The Fly – The ultimate source of real-time, breaking financial news that moves the market. Try now >>
Check out popular Insiders stocks on TipRanks >>
Read more about NVDA: