Benchmark Reiterates Buy Rating on NVIDIA (NVDA)

Benchmark analyst Cody Acree reiterated a Buy rating and $220.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst commented, "With one of the AI industry’s latest pay-to-play agreements, Nvidia and OpenAI announced today the signing of a letter of intent forming a further strategic partnership between the two companies, whereby Open AI plans to deploy at least 10 gigawatts of AI data centers using Nvidia systems, including millions of GPUs, its interconnectivity solutions (InfiniBand and Spectrum-X Ethernet), and Nvidia’s software stack (e.g., CUDA, TensorRT-LLM). While no timeline for full deployment was given, the companies expect the first phase to come online in the second half of 2026 using Nvidia's Vera Rubin platform."

For an analyst ratings summary and ratings history on NVIDIA click here. For more ratings news on NVIDIA click here.

Shares of NVIDIA closed at $183.61 yesterday.

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