Bernstein · Week of
What did Bernstein say about Nvidia?
Bernstein has been one of the more closely followed voices on Nvidia. Around mid-2024, analyst Stacy Rasgon at Bernstein maintained a positive rating on the stock and had a price target in the range of roughly $200 (on a pre-split basis, later adjusted). Bernstein's view centered on Nvidia being the key supplier of the specialized chips that power artificial intelligence systems, with demand from big cloud companies staying very strong.
What does that actually mean?
In plain terms, Bernstein saw Nvidia as the company selling the essential tools for the AI boom, a bit like the one shop selling shovels during a gold rush. They expected that demand to keep growing.
What is worth keeping an eye on?
This week's headlines mention a broad stock sell-off hitting AI names. Nvidia's revenue roughly tripled in its last fiscal year, but the stock has also swung by about a third in both directions over short stretches, so big moves are not unusual for it.
Based on a live scan of their X posts and the news.
