Itau BBA sets bullish price target on NVIDIA shares, cites CEO’s keynote By Investing.com

On Monday, Itau BBA maintained its optimistic stance on NVIDIA Corporation (NASDAQ:) shares, reiterating an Outperform rating alongside a $1,000.00 price target.

The reaffirmation follows NVIDIA CEO Jensen Huang’s keynote at Computex, a prominent global computer and technology fair held annually in Taiwan.

During Sunday’s event, Huang unveiled a series of advancements and underscored the burgeoning role of artificial intelligence (AI) as a long-term growth sector.

He highlighted the rapid pace of innovation in AI, noting significant developments since the GTC keynote just three months prior. These include the creation of digital twins of the Earth and the development of digital humans.

NVIDIA is positioned at the forefront of this expansion, with its CUDA platform playing a pivotal role in connecting developers and end-users. CUDA’s importance was emphasized as a key factor in the company’s central position within the AI industry.

The analyst from Itau BBA pointed out that the AI sector’s growth presents numerous opportunities not just for NVIDIA, but for a wide array of companies, including tech giants like Microsoft (NASDAQ:) and Amazon (NASDAQ:) Web Services, as well as industrial firms like Siemens and Kuka.

The reiterated price target and rating reflect a confidence in NVIDIA’s capacity to capitalize on the AI-driven market trends and maintain its leadership in the technology sector.

The company’s recent disclosures at Computex serve to reinforce its strategic position in the rapidly evolving landscape of AI and related technologies.

InvestingPro Insights

In light of Itau BBA’s optimistic outlook on NVIDIA Corporation (NASDAQ:NVDA), real-time data from InvestingPro further enriches our understanding of the company’s financial health and market position. NVIDIA’s market capitalization stands at an impressive $2690.0B, reflecting its significant presence in the tech industry. Its trailing twelve months as of Q1 2025 P/E ratio is at 63.66, indicating high investor expectations for future earnings growth, which is supported by a staggering revenue growth of 208.27% in the same period.

InvestingPro Tips highlight NVIDIA’s perfect Piotroski Score of 9, suggesting strong financial health, and analysts’ anticipation of continued sales growth in the current year. Additionally, the company is noted for its prominent role in the Semiconductors & Semiconductor Equipment industry and for maintaining dividend payments for 13 consecutive years. With a total of 22 additional tips listed on InvestingPro, investors could gain deeper insights into NVIDIA’s performance and prospects.

For those looking to explore these insights further, using the coupon code PRONEWS24 will provide an additional 10% off a yearly or biyearly Pro and Pro+ subscription. NVIDIA’s strategic initiatives in AI, as discussed at Computex, along with its robust financial metrics, suggest a strong foundation for future growth, aligning with the positive sentiments expressed by Itau BBA’s analyst.

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