Battered big technology stocks like Nvidia can be havens, says this fund manager
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 11 2025
0mins
Should l Buy NVDA?
Source: MarketWatch
Technology Sector Performance: Major technology companies have faced challenges in 2025, despite a strong performance over the previous two years.
Investment Perspective: Raghavendran Sivaraman suggests that these tech giants may still offer safe investment opportunities during turbulent times, as reflected in his Columbia Integrated Large Cap Growth Fund's holdings.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVDA is 264.97 USD with a low forecast of 200.00 USD and a high forecast of 352.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 190.040
Low
200.00
Averages
264.97
High
352.00
Current: 190.040
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Massive Capital Expenditure: Alphabet and Meta are planning to invest $305 billion in 2026 to expand AI bandwidth, significantly higher than last year's spending, indicating strong market demand for AI infrastructure that directly boosts Nvidia's market share and revenue growth.
- Market Dominance: Nvidia holds approximately 90% market share in the data center chip market, leveraging its Hopper, Blackwell, and upcoming Ruben architectures along with CUDA software to enhance its competitive edge in AI application development, ensuring sustained revenue growth.
- Strong Financial Performance: For the third quarter of fiscal 2026, Nvidia reported a 62% increase in revenue and a 65% rise in net income year-over-year, showcasing its robust performance in the AI sector, attracting investor interest and boosting market confidence.
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- TSMC Sales Surge: Taiwan Semiconductor reported a nearly 37% year-over-year increase in January sales, surpassing historical averages and driving its stock to all-time highs, indicating strong market demand that could positively impact Nvidia's chip sales.
- Export Recovery in Taiwan: Taiwan's Ministry of Finance revealed an 8% month-over-month increase in January exports of automatic data processing equipment, excluding laptops, breaking the typical trend of declines in January, suggesting a rebound in market demand beneficial for Nvidia's performance.
- Data Center Growth Outlook: While UBS projects only an 18% quarterly growth for Nvidia's crucial data center division, the overall positive market signals suggest that Nvidia may achieve strong results in its upcoming earnings report, potentially boosting its stock price.
- Attractive Valuation: Nvidia's stock has risen nearly 42% over the past year, yet it currently trades at less than 25 times forward earnings, significantly below its five-year historical average of around 35 times, indicating an appealing opportunity for long-term investors to consider buying in.
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- Significant Sales Growth: Taiwan Semiconductor's January sales surged nearly 37% year-over-year, exceeding the company's historical average and pushing its stock to all-time highs, indicating strong market demand for chips that could positively impact Nvidia's performance.
- Demand Expectations: As the primary manufacturer of Nvidia chips, Taiwan Semiconductor's robust sales suggest a potential increase in demand for Nvidia's products, which is encouraging news for shareholders, especially ahead of the upcoming earnings report.
- Supportive Macro Data: Analysts at UBS noted that Taiwan's Ministry of Finance reported an 8% increase in exports of automatic data-processing equipment excluding laptops in January, which is typically a positive market signal and may indicate growth potential for Nvidia's data center division.
- Attractive Valuation: Despite Nvidia's stock rising nearly 42% over the past year, its current price-to-earnings ratio is below 25 times, significantly lower than the five-year historical average of 35 times, suggesting a favorable buying opportunity for long-term investors ahead of the earnings report.
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