Via a couple of items from UBS on Nvidia (NVDA):
- added to its Global Top List
- the slide in AI stocks on fears over the structural demand has presented a buying opportunity
- while near-term results may be uneven (e.g., new product cycles, supply chain), UBS thinks that the demand for AI compute power remains structurally intact
- AI industry’s fundamentals are intact
- see improving risk-reward across quality AI semiconductors like NVIDIA, Broadcom, TSMC, and ASML
- reaffirmed their Buy rating
- $185.00 price target
NVIDIA founder and CEO Jensen Huang
