NVIDIA Corporation (NASDAQ: NVDA) has faced turbulence since its third-quarter guidance failed to match the market’s lofty expectations. Despite the initial disappointment, analysts at Jefferies remain optimistic, highlighting strong demand for NVIDIA’s chips as a key driver of long-term growth.
In its Q3 earnings report on November 20, NVIDIA exceeded both revenue and earnings expectations but offered slightly above-consensus Q4 guidance, which left some investors underwhelmed. However, Jefferies believes the market is underestimating NVIDIA’s robust demand pipeline, positioning the stock favourably for significant growth through 2025 and beyond.
Key catalysts include the anticipated release of NVIDIA’s Blackwell chips, which are expected to see demand far outpacing supply for several quarters post-launch. Additionally, the Hopper architecture remains in strong demand and is likely to drive sales well into the first half of 2025. At the recent SC24 SuperCompute conference, Jefferies noted that only select lead customers and ODMs could secure NVIDIA’s products, underscoring the limited supply amidst red-hot demand.
With ongoing tailwinds from AI-driven computing needs and data centre expansion, NVIDIA remains a leader in the semiconductor space. Investors may consider near-term price fluctuations as opportunities, as the company’s long-term growth narrative appears solidly intact.
NVDA/USD 15-Minute Chart
This chart displays the 15-minute candlestick performance of NVIDIA Corporation (NVDA) stock. The chart reveals a period of mixed volatility with an overall consolidation pattern near the $141–$142 price range. The price opened near $141.59 and showed minor upward momentum with a daily gain of 0.20%.
NVDA seems to be consolidating, with neither buyers nor sellers taking strong control. A breakout above $142 could signal bullish momentum, while a breakdown below $140.70 could trigger further downside. Traders should monitor volume and technical indicators for clearer signals.
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