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Oppenheimer reiterated its Outperform rating on Nvidia as the company heads toward its next earnings release later this quarter.
Oppenheimer projects Nvidia's Blackwell and Rubin architectures could generate $1 trillion revenue from 2025-2027.
KEY POINTS
- Oppenheimer identifies 'physical AI' in robotics and vehicles as Nvidia's next major growth driver.
- Nvidia's 20-day SMA remains below its 50-day SMA, signaling a short-term bearish crossover.
- Nvidia trades at a P/E of 40.5x, indicating high valuation and a reduced margin for error.
- Nvidia's average analyst price target is $281.04, with recent targets as high as $325.
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