Evercore analysts recommend buying Nvidia stock before earnings, dismissing concerns over Blackwell delay.

From Investing.com: 2024-08-23 05:53:44

Evercore ISI analysts recommend buying Nvidia stock before earnings report, citing strong demand and dismissing concerns over Blackwell delay. CapEx surge of 20% in Q2 2024 with further growth expected in Q3 and Q4. Potential delay in Blackwell system may cause short-term stock drop, but historical data shows Nvidia’s resilience. Evercore sees Nvidia as top pick in computing, predicting significant EPS growth by 2030. Analysts raise Q3 and 2024 estimates, increasing stock target price to $150.



Read more at Investing.com: Blackwell concerns ‘overdone’, buy Nvidia stock into earnings: Evercore By Investing.com