Company Interview / Is Nvidia still a buy?

Angelo Zino of CFRA Research shares his views on Nvidia's (NASDAQ: NVDA) third-quarter performance. Despite surpassing revenue expectations with $35 billion, shares dipped post-trade due to lower future guidance. The data centre segment is crucial, growing 112%, largely driven by Hopper GPUs.

Angelo mentions Nvidia's forecast for Q4 revenue at $37.5 billion, slightly below some market expectations. The introduction of their next-gen AI processor, Blackwell, is set to boost growth, although it remains supply constrained. Strong demand signals positive long-term prospects for Nvidia.

Concerns around a design flaw in Blackwell chips are noted, but Angelo expects issues to resolve by mid-next year, with revenue still anticipated. CFRA maintains a 'buy' rating on Nvidia, projecting growth for the next 1-3 years with a target price of $160.