Major Bank Ratings | Wolfe: Reiterates "Outperform" Ratings on Nvidia, Broadcom, and Marvell Technology
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Glonghui, May 14th｜Wolfe Research reiterated its “outperform” rating on NVIDIA, Broadcom, and Marvell Technology, adding that NVIDIA remains its top investment pick and that the recent underperformance of the stock has not changed its view on the company’s fundamentals. Analyst Chris Caso stated that concerns over cloud capital expenditure, which previously weighed on AI computing stocks, have largely dissipated after major tech giants reported strong Q1 results, and spending forecasts by hyperscale cloud service providers continue to be revised upward.
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