From Yahoo Finance: 2025-06-03 10:30:00

Jefferies analysts have added Nvidia to their list of “Franchise Picks,” citing the chipmaker as the dominant supplier of AI accelerators to data centers. Despite expected losses in China sales due to U.S. export controls, Nvidia’s revenue projections remain strong, impressing Jefferies analysts.

Nvidia’s revenue optimism is fueled by increased AI commitments from Saudi Arabia and the UAE, where the company recently agreed to supply chips to a Saudi AI startup and the U.S. reached a deal allowing the UAE to import American-made AI chips. This supports Jefferies’ positive outlook on Nvidia’s financial performance.

Nvidia is currently competing with Microsoft for the title of the world’s most valuable company, with a market capitalization exceeding $3.4 trillion. The stock traded 2% higher after opening bell on Tuesday and has seen a 5% increase in value so far in 2025, solidifying its position as a leader in the tech industry.

Read more: Nvidia Added to Jefferies ‘Franchise Picks’