NVDA
Beat first, wobble later
Nvidia did the thing it basically lives to do: beat expectations on revenue and EPS, then hand investors a fresh round of chart-induced anxiety anyway. The stock traded down about 1.2% even after the company posted a strong first-quarter result and upbeat guidance, which is a very Nvidia-flavored outcome at this point.
The analyst choir stays loud
If you were hoping the bulls would suddenly get shy, nope. Bank of America’s Vivek Arya raised his price target to $350 and told investors to basically ignore the post-earnings static. Wedbush’s Dan Ives kept his Outperform rating and called Nvidia the “king of the AI castle,” which is the kind of phrase that tells you this stock still has serious cult energy.
Other firms piled on too:
- Rosenblatt kept a Buy rating and pointed to record revenue, income, and free cash flow
- Needham lifted its target to $270, citing the Blackwell and Rubin runway
- JPMorgan raised its target to $280 and said data center demand is still doing the heavy lifting
Why investors care
The market may be nitpicking the day-to-day move, but the bigger story is that Nvidia still looks like the main character in AI infrastructure. The company’s guidance, Blackwell ramp, and fresh shareholder return plans — including an $80 billion buyback and a dividend bump — give bulls more ammo while skeptics keep waiting for the growth story to crack.
Big picture: Nvidia is still expensive, still volatile, and still the stock everyone argues about at dinner. But if the AI buildout keeps running hot, the dip buyers probably won’t be short of excuses.