Evercore ISI reiterates Nvidia outperform rating, citing SpaceX partnership strength

1 min read
Evercore ISI reiterates Nvidia outperform rating, citing SpaceX partnership strength
PrimeXBT Editorial Team
Reviewed by PrimeXBT

Topics in article

Evercore ISI reiterated its outperform rating on Nvidia on Friday, pointing to the chipmaker's partnership with SpaceX as a reason for confidence. The firm said Nvidia's own earnings call backed up its view of SpaceX's early position in an upcoming customer group.

Evercore ISI reiterated its outperform rating on Nvidia on Friday, telling clients it remains bullish on the partnership between Nvidia and SpaceX.

The firm also kept its outperform rating on SpaceX, tying the two ratings together in the same note.

According to the analysts, Nvidia's earnings call reinforced SpaceX AI's position in the earliest Vera customer cohort. Evercore added: "4Q27 orbital timing adds an earlier validation point ahead of our FY29 capacity assumption."

Friday's roundup of big analyst calls also included reiterated buy ratings from Bank of America on Tesla and Marvell, and a fresh upgrade for Moderna from Argus.

Source: CNBC

Trading involves risk.

Most traded markets

XAU / USD
-0.81% 4,564.35
BRENT
-0.42% 90.452
BTC / USD
-1.15% 79,376.3
EUR / USD
-0.39% 1.16068
USTEC
+0.25% 29,637.90
NVDA
-0.27% 225.27
View all markets

Author

PrimeXBT
Our Editorial Team consists of leading experts with a proven record in the fields of trading, cryptocurrencies, blockchain and finance. We thoroughly research the sources of information in order to provide readers with quality content that serves edu...
Read author’s articles
Alert Triangle Risk Disclaimer
Disclaimer: Some past publications may be outdated. We recommend following our news to stay up to date with the latest information. For any questions, feel free to contact our support team via the chat below.
The content provided here is for informational purposes only. It is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results.
The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.

Today in markets

Browse Stock News

Register Now

Trading involves risk

Get started in minutes

Our clients love how fast and simple our sign-up is. It takes just a few minutes to get started!

Get Started Get Started
Get started in minutes

Need Help?

Risk Warning:
Trading in leveraged products carries a high level of risk and may not be suitable for all investors.