Why Nvidia is a generational investment

Nvidia’s stock is once again having a monster run, up about 13% in October alone. The advance has taken the year to date appreciation for the market darling to an astounding 180%. Underneath the surface, excitement continues to build on Wall Street about Nvidia’s new AI chip dubbed Blackwell. Sector analysts are chattering about a big positive fourth quarter surprise amid the initial rush of Blackwell demand. The chorus is growing that the fourth quarter will be the start of another impressive twelve month period for Nvidia as Blackwell production ramps. With new large language models being developed at a rapid clip, the bullishness on Nvidia makes a lot of sense. One of the more upbeat analysts on the Street is Bank of America’s Vivek Arya. Fresh off a notable price target hike on the stock, Arya joins Yahoo Finance executive editor Brian Sozzi to break down his analysis. Arya thinks Nvidia’s stock remains undervalued, laying out a compelling bull case to Sozzi.

Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens.

Find this episode's transcripts and more episodes of Opening Bid at https://finance.yahoo.com/videos/series/opening-bid/.

Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.

00:00-Vivek Arya joins Opening Bid

02:45-Generational computing investment

06:20-Nvidia earnings growth prediction

13:15-Innovations roadmap

18:30-Disagreement with Intel's approach

Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Rachael Lewis-Krisky.

Vivek Arya is a Wall Street analyst for BofA Securities, focused on technology, semiconductors, and AI.

Learn more about your ad choices. Visit megaphone.fm/adchoices