FINWIRES · TerminalLIVE
FINWIRES

Nvidia's Full-Stack AI Portfolio Uniquely Positioned in Expanding AI Market, BofA Says

By

Nvidia's (NVDA) full-stack AI portfolio is uniquely positioned to benefit from rapid growth in the AI market, which could expand to a $3 trillion to $4 trillion total addressable market by 2030, BofA Securities said.

The brokerage said in a Wednesday research report that it raised its fiscal 2027 and 2028 EPS guidance by 9% and 15%, respectively, to $9.09 and $13.27. It cited the company's full-stack positioning, higher gross margins, free cash flow and emerging leadership in agentic CPU of a $200 billion total addressable market.

The investment firm said it likes the company's diversification of growth engines across hyperscale and AI cloud. Furthermore, growth outlook remains supported by purchase commitments of $145 billion, according to the note.

BofA reiterated its buy rating on the stock and raised its price objective to $350 per share from $320.

Shares of Nvidia were down more than 2% in Thursday trading.

Price: $218.71, Change: $-4.76, Percent Change: -2.13%

Related Articles

Wire

Update: EnerSys Fiscal Q4 Adjusted Earnings, Revenue Rise; Shares Gain After Hours

(Updates with dividend in the penultimate paragraph and stock movement in the last.)EnerSys (ENS) reported fiscal Q4 adjusted earnings late Wednesday of $3.19 per diluted share, up from $2.97 a year earlier.Analysts polled by FactSet expected $2.99.Revenue in the three months ended March 31 rose to $988 million from $974.8 million a year earlier.Analysts surveyed by FactSet expected $973.8 million.EnerSys expects Q1 revenue of $915 million to $955 million.Analysts polled by FactSet expect $914.6 million.The company maintained its quarterly dividend at $0.2625 a share, payable July 2 to stockholders of record June 19.EnerSys shares rose 6.7% in after-hours trading.

$ENS
Wire

E.l.f. Beauty Fiscal Q4 Adjusted Earnings Fall, Revenue Rises; Issues Fiscal 2027 Guidance

E.l.f. Beauty (ELF) reported fiscal Q4 adjusted net income late Wednesday of $0.32 per diluted share, down from $0.78 a year earlier.Analysts polled by FactSet expected $0.29.Revenue for the quarter ended March 31 rose to $449.3 million from $332.6 million a year earlier.Analysts polled by FactSet expected $423.1 million.For fiscal 2027, the company expects adjusted EPS of $3.27 to $3.32 on revenue of $1.84 billion to $1.87 billion. Analysts expect $3.61 and $1.86 billion, respectively.Shares of the company rose 6% in after-hours activity.

$ELF
Wire

GUIDANCE: (INTU) Intuit Expects Fiscal 2026 Revenue Range $21.341B-$21.374B, vs. FactSet Est of $21.24B

GUIDANCE: (INTU) Intuit Expects Fiscal 2026 Revenue Range $21.341B-$21.374B, vs. FactSet Est of $21.24B

$INTU