Nvidia Corporation is upgraded to Strong Buy, driven by muted multiple expansion, strong earnings revisions, the stock buyback, and favorable technical indicators. The forward P/E remains around 24x for NVDA stock, at a similar level to four months ago, despite strong earnings beats in Q2 and a 70% revenue growth outlook for FY2028. Despite gross margin pressure in H2 FY2027, improving operating efficiency can support resilient earnings growth.
Read on seekingalpha.com