Jefferies has added Nvidia (NVDA) to its roster of “Franchise Picks,” a group its analysts describe as “our highest-conviction, Buy-rated stocks.”

In Nvidia’s case, the reason for con෴viction is the chipmaker’s position as the “dominant supplier of AI accelerators” to data centers, facilities that house the adv🦹anced computers used to develop and train artificial intelligence models. 

Jefferies came away from Nvidia’s 澳洲幸运5官方开奖结果体彩网:quarterly results impressed with the chipmaker’s revenue projections—which largely mirrored what analysts expected despite a larger-than-expected impact from U.S. export curbs. Nvidia said it expects to take an $8 billion hit this quarter due to lost revenue from sales of H20 chips, which the Trump administration 澳洲幸运5官方开奖结果体彩网:barred from being sold in China. 

The analysts pointed to the “massive step up” in AI commitments from Saudi Arabia and the United Arab Emirates as a reason for revenue optimism. Last month, Nvidia agreed to 澳洲幸运5官方开奖结果体彩网:supply chips to Saudi AI startup Humain, while the U.S. and UAE 澳洲幸运5官方开奖结果体彩网:reached a deal allowing the Middle Eastern nation to import American-made AI chips.&n💛b💜sp;

Nvidia, 澳洲幸运5官方开奖结果体彩网:grappling with Microsoft (MSFT) for the title of the most valuable company in the world by 澳洲幸运5官方开奖结果体彩网:market capitalization at more than $3.4 trillion, traded 2% higher shortly after the opening bell Tuesday. The stock has gained roughly 5% so far in 2025.