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Deutsche Bank maintains hold rating on NVIDIA amid strong AI growth prospects
Deutsche Bank has maintained a Hold rating on NVIDIA shares with a price target of $145, following the company's optimistic outlook on AI compute growth. NVIDIA anticipates a 100-fold increase in inference-related compute needs and expects data center capital expenditure to reach $1 trillion by 2028, driven by advancements in AI technologies. Other analysts, including Wells Fargo and Bernstein, have set higher targets of $185 and $170, respectively, reflecting confidence in NVIDIA's strong product roadmap and market position.
Deutsche Bank maintains hold rating and price target for NVIDIA
Deutsche Bank analyst Ross Seymore has maintained a Hold rating on NVIDIA (NASDAQ: NVDA) with a price target of $145.00. The reiteration comes as part of the bank's ongoing assessment of the tech giant's market position.
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