HomeFinance NewsTD Cowen Warns Against Premature Investment in Nvidia Stock

TD Cowen Warns Against Premature Investment in Nvidia Stock

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Semiconductor giant Nvidia recently reported its fiscal Q4 2024 earnings, with the fiscal Q1 2025 earnings report due on May 22. Despite the distant date, TD Cowen’s 5-star analyst, Matthew Ramsay, confidently predicted the good times would continue for Nvidia. Ramsay, a top-ranked stock pro, considers Nvidia his top pick in semiconductors, attributing this to the company’s dominance in the AI chip market.

Ramsay’s optimistic outlook extends well into the future, with predictions of strong revenue growth for Nvidia as it capitalizes on the increasing demand for AI chips. The analyst forecasts Nvidia to produce total revenue of $24.8 billion in fiscal Q1 2025, with a significant portion of it coming from the datacenter division. Looking ahead to Q2, Ramsay anticipates further growth in revenue, highlighting the technological advancements in Nvidia’s new “Blackwell” chips as a key factor in maintaining the company’s momentum in the AI market.

Despite concerns about the sustainability of AI chip demand, Ramsay remains confident in Nvidia’s long-term prospects, foreseeing strong, sustained growth in the coming years. The Street shares his sentiment, with a Strong Buy consensus rating and an average price target suggesting significant upside potential for Nvidia stock. Investors are advised to hold on to this long-term winner, as the company continues to lead the way in AI innovation.

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