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Another week, another round of bullish sentiment surrounding Wall Street darling Nvidia (NVDA).
This time, it comes from Wedbush analyst Dan Ives, who sat down with Yahoo Finance Executive Editor Brian Sozzi for his Opening Bid podcast.
Recent headlines might have set some bears and interested fans of the company on edge — specifically, news out of Beijing that Nvidia is the subject of an antitrust probe. If the company is found guilty, it could be subjected to a reported $1 billion fine. Its stock has shed 12% from its record high in early November, including a 5% drop in the past week.
Regarding possible woes and fines, Ives takes a more bullish and practical stance. “I’m more focused on the cappuccino, making sure it’s hot in the morning,” he told Sozzi (see video above; listen below). “The bears, they wake up, they’re focused on anything.”
Ives, who’s credited for nicknaming Nvidia CEO Jensen Huang “the godfather of AI,” recently returned from a trip to Asia. The stats are looking favorable, according to Ives. “Fifteen-to-one demand to supply,” he said of Nvidia’s products. “Do you think this [antitrust probe] is stopping it?”
In one analogy, Ives compared what’s happening at Nvidia to an all-night party. The past, he explained, was 9:00 p.m., but the party itself goes to 4:00 a.m. “There’s many points where the DJ stops the music,” he said. “People hear a siren every once in a while and think the cops are coming.”
“You’re going to have these nervous moments,” he added. “But our view is this is just the beginning — year two of a 10-year build-out.”
Nvidia stock has experienced an enormous surge this year, climbing over the summer to the position of the top-valued company in the world. The incoming Trump administration’s cryptocurrency enthusiasm also put Nvidia on the map since miners use its servers for their work.
Nvidia has been on the minds of many recent guests on Opening Bid. Bank of America analyst Vivek Arya told Sozzi its Blackwell and forthcoming Rubin GPUs, which are set to hit the market in the third quarter of 2025, prove it has “room to soar.”
In a note dated Nov. 20, Arya reiterated a Buy rating and $190 price target. Praising the company for its products, for being a fast-growing megacap, and for its solid free cash flow generation, he added, “expect to see the stock to churn near-term as investors digest lack of ‘sizzle’ but we continue to like the stock on its substance.”
However, potential outside competitors are looking to join Nvidia and get in on the wave.
“They’re the only game in town,” Ives said of Nvidia. “We assume there will be others that benefit here, but there’s only one selling these chips and it’s Nvidia.”
Ives forecast the coming demand could put Nvidia’s market capitalization as high as a $5 trillion before long. “More and more the foundation starts with Nvidia,” he said. “That’s not changing.”
Three times each week, Yahoo Finance Executive Editor Brian Sozzi fields insight-filled conversations and chats with the biggest names in business and markets on Opening Bid. You can find more episodes on our video hub or watch on your preferred streaming service.
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