Evercore ISI reiterated its buy rating on Nvidia. The firm says the stock has underperformed the S&P 500 recently and names three concerns behind the lag. Its channel checks dispute all three.
Evercore ISI is sticking with Nvidia. The firm reiterated its buy rating on the stock in a note highlighted among Friday's analyst calls on Wall Street. According to Evercore ISI: "We are buyers of NVDA."
Evercore points to three concerns behind the lag
The firm says Nvidia has underperformed the SPX recently, referring to the S&P 500 benchmark. Evercore attributes that gap to three concerns.
First, DeepSeek lowers AI demand. Second, DeepSeek shifts AI compute-cycles away from Nvidia. Third, Blackwell faces delays.
Channel checks push back
However, Evercore does not accept those worries. The firm says its channel checks dispute the concerns.
Source: CNBC
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