A prominent Wall Street analyst says Nvidia’s (NVDA) rise is far from finished, noting the company is the central force powering today’s artificial intelligence boom.
In a new Bloomberg Television interview, Wedbush’s Dan Ives says recent market anxiety on NVDA that has pushed the stock to a recent low of $169.55 has not changed the underlying trend.
He highlights that Nvidia remains the most essential player in AI infrastructure and sees the company capturing value for years. Ives also comments on why he thinks Nvidia recently congratulated Google on its TPUs.
“At the end of the day, there’s one Godfather of AI, and that’s Jensen… It’s a recognition that they’re transparent. In other words, Nvidia is not trying to hide anything. They’re ultimately saying like, ‘Hey, we are out there front and center.’
And it just comes down to demand and supply is 12 to 1 for their chips. I mean, I saw that being in Asia for the last three weeks. So them congratulating Google, AMD and others, [they] are going to be successful. It continues to be Nvidia’s world, and everyone else is paying rent.”
As for his NVDA prediction, Ives believes that those who buy the dip will ultimately get rewarded over time.
“And I believe Nvidia ultimately is starting to go as much higher here, $225, $250… Every time this sells off, because it’s my view, it’s $5 trillion, and ultimately it’s $6 trillion. Because look, there’s only one godfather, and that’s Jensen. And there’s one ship in the world fueling the AI revolution. And that continues to be Nvidia. There will be others. There’s a DeepSeek moment; you’ll have Google’s TPU. There’s gonna be other things that happen… What I view is really this Rocky Balboa of the AI revolution, which is Jensen and Nvidia.”
As of Wednesday’s close, Nvidia is trading at $180.
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