By GuruFocus News
Publication Date: 2026-10-05 15:56:00
On October 05, 2026, BNP Paribas reaffirmed Nvidia (NASDAQ: NVDA) as its premier semiconductor pick, raising the price target from $285 to $345. The upgrade reflects Nvidia’s dominant position in AI hardware, CUDA software, and networking solutions, with expectations of sustained high gross margins despite intensifying competition.
- GF Value™ indicates Nvidia is approximately 41.2% undervalued, with an intrinsic value of $402.64 versus the current price of $236.59.
- GF Score™ of 95/100 highlights Nvidia’s exceptional overall quality, driven by top-tier financial strength, profitability, and growth metrics.
- Insider activity shows significant net selling over the past 12 months, with insiders offloading shares worth over $2.1 billion and no insider purchases reported.
What’s Behind the News?
BNP Paribas’ decision to increase Nvidia’s price target underscores the company’s leadership in the rapidly expanding AI semiconductor market. The firm specifically cites Nvidia’s comprehensive AI ecosystem—including its CUDA software platform and Blackwell architecture GPUs—as key drivers of future growth. With AI inference workloads growing exponentially, Nvidia is expected to maintain gross margins above 70%, a remarkable feat given the rising competition from custom chip manufacturers. This bullish outlook aligns with Nvidia’s continued innovation in data-center-scale systems and networking, which remain critical to cloud providers and AI developers worldwide.
Nvidia…
