Wedbush: Nvidia has 30-40% upside ahead

Nvidia (NASDAQ:NVDA) is sitting astatine $177.39, down astir 5% twelvemonth to date, and Wedbush's Dan Ives conscionable called it a "table pounder" with 30 to 40% upside from existent levels.

Ives was asked astir opportunities successful a beaten-down semiconductor and tech sector, including whether the Iran struggle and imaginable helium shortages could disrupt semiconductor manufacturing. He dismissed near-term shortage concerns unless the struggle extends different 4 to 5 weeks. His bigger point: the macro sound is creating a forest-for-the-trees infinitesimal wherever semipermanent investors spot accidental portion others spot panic.

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In Q4 FY26, Nvidia posted gross of $68.13 billion, up astir 73% twelvemonth implicit year, with Data Center gross of $62.31 billion, up 75%. Networking gross unsocial roseate 263% twelvemonth implicit twelvemonth to $10.98 billion. Full-year gross came successful astatine $215.94 billion, up astir 66%.

Q1 FY27 guidance is astir $78 billion, adjacent aft excluding China information halfway compute gross pursuing export restrictions. The expert statement terms people sits astatine astir $268, with 60 bargain ratings and conscionable 1 sell. Ives's 30 to 40% upside telephone is really much blimpish than wherever Wall Street's statement already lands.

On the capex question, Ives does not judge we are astatine highest AI capex spending. His transmission checks for Q1 are strong, and woody enactment is really accelerating contempt the macro volatility. That tracks with what Jensen Huang said connected the net call: "Computing request is increasing exponentially — the agentic AI inflection constituent has arrived."