Nvidia Stock Nears Inflection Point Ahead of GTC Event

Nvidia is nearing its GTC event, with GF Securities lifting its price target to $295. Analyst Jeff Pu expects a moderate beat-and-raise quarter, with revenue of $67.4 billion, ahead of the $66.2 billion consensus. Demand trends remain favorable, with strength in Blackwell, resilient H200 demand, and a smaller contribution from Rubin. Pu recommends staying long, citing strong near-term quarters, intact progress on Rubin and VR200, and an improving financial outlook for non-tier-1 cloud service providers.