Nvidia Stock Rises As Analysts See Growth Ahead Despite Macro Concerns

• Nvidia stock rose 4.1% as Raymond James raised its price target to $1,100 per share and dismissed concerns about a spending slowdown.

• Demand for Nvidia's inferencing products continues to exceed supply according to discussions with the head of investor relations.

• New product introductions like the H200, B100, and B200 are expected to drive significant revenue growth.

• Nvidia is gaining market share in Asia and positioned to capture more data center capital expenditures.

• Mellanox revenue is estimated to reach $13 billion in 2025, up from $1-2 billion in 2020, thanks to new products and sovereign demand.