Analysts from Bank of America and Melius Research have reiterated their "buy" ratings for Nvidia, with expectations of significant updates that could drive the stock higher. The focus will be on Nvidia's partnerships, particularly with GM, demand in China, and competition with other chipmakers. Despite recent market volatility, experts remain optimistic about Nvidia's growth prospects, drawing parallels to Apple's past trajectory. The conference is seen as a potential catalyst for Nvidia's stock, with expectations of a 10% quarter-over-quarter growth and positive long-term gains.
Key takeaways:
- Nvidia's GTC conference is expected to provide key updates on the Blackwell GPU and other projects, potentially boosting the stock after a recent 20% sell-off.
- Investors and analysts are optimistic about Nvidia's advancements in quantum computing and AI, with expectations for significant announcements during the conference.
- Bank of America and Melius Research have reiterated their "buy" ratings for Nvidia, anticipating positive developments from the conference and potential stock growth.
- Concerns about competition from Chinese startups and tariff-induced volatility have impacted Nvidia's stock, but analysts remain bullish on its long-term prospects.