29-05-2025
Nvidia upgraded to Buy from Hold at Summit Insights
Summit Insights upgraded Nvidia (NVDA) to Buy from Hold after its Q1 results and guidance. The risk of double-ordering on its Hopper generation AI GPU and the risk of China export controls are now priced into the stock, the analyst tells investors in a research note. Summit also believes that the data center capex spending for the training market will remain robust and benefit Nvidia AI GP and data center networking businesses, the firm added.
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