At Computex Taipei, CEO Jensen Huang emphasized that AI isn't just a nice-to-have but a necessity for every company—an assertion Citi analyst Atif Malik echoes in a note raising Nvidia's (NVDA, Financial) imperative role in global tech.
Malik, who maintains a Buy rating and $150 price target, highlighted Huang's praise for ChatGPT as a prime example of AI transforming information access.
He also noted that ending the AI Diffusion Rule under President Trump shows how well-intentioned export curbs can backfire, and he applauded Nvidia's new NVLink Fusion tech for answering customer demand for faster, more scalable interconnects.
Looking ahead to the May 28 fiscal Q1 report, Malik expects revenue of $44.5 billion—just shy of the $46 billion Street view—citing lost H20 sales in China and softer Hopper demand.
Loop Capital's Ananda Baruah and team also reiterated a Buy on NVDA, lifting their price target to $175 ahead of the same earnings release. They argue that Nvidia's Q1 print and July guidance “can be good enough” to support shares into a materially stronger second half of 2025.
Their work suggests calendar-year 2026 GPU demand could exceed 8 million units—up from 6 million this year—and they're confident the stock can “look through” any guidance hiccups.
This matters because Nvidia's ability to translate Computex hype into sustainable revenue hinges on execution across hardware, software and supply‐chain strategy, especially as geopolitical shifts reshape chip flows.
Investors will want to watch Nvidia's May 28 Q1 results and management commentary for confirmation that AI momentum and new interconnect innovations can offset near-term demand headwinds and support lofty price targets.
