DA Davidson keeps a Neutral rating and $135 price goal on Nvidia (NVDA), noting that while the corporate has made several announcement at CES that bode well for its presence in lots of AI categories that transcend its current success in the info center, the firm believes that 2025 can be a peak 12 months as its largest customers moderate spending into 2026. The firm adds that Nvidia shares had reacted poorly to the shortage of fabric update on Blackwell shipments or the following generation of information center products in the corporate’s CES presentation.

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