Wall Street’s top analysts are doubling down on Nvidia (NVDA) following the company’s Computex keynote, despite a midweek drop in the stock. Goldman Sachs analyst James Schneider reiterated a Buy rating and $285 price target, calling the announcements a “positive catalyst path ahead.” Morgan Stanley kept its Overweight rating at $288, naming Nvidia its top pick in the processor sector.
The flagship reveal was RTX Spark, a premium Windows-based PC platform built with Microsoft and Mediatek, pairing a Blackwell RTX GPU with a 20-core Grace CPU via NVLink. OEMs like ASUS, Dell, HP, Lenovo, and others expect to ship systems this fall, targeting the premium PC and AI workload market. Schneider views this as a direct challenge to Intel, AMD, Qualcomm, and Apple.
On the datacenter side, Nvidia confirmed full-scale production of the Vera Rubin platform is underway. Huang said Rubin delivers up to 1.8x the performance of x86 systems and roughly 10x the agent throughput of Blackwell. Schneider believes the Rubin ramp starting in Q3 could be steeper than Blackwell’s, accelerating revenue recognition. CEO Jensen Huang, speaking at a private Taipei event, defended AI spending as “insanely profitable” and said returns have reset over the last six months.
Nvidia stock slipped around 0.69% on Tuesday and another 3% on Wednesday to near $216, as investors rotated toward other AI infrastructure names. The broader Street consensus sits at $309.94 with 38 Buys, 1 Hold, and 1 Sell. Morgan Stanley also flagged a $20 billion CPU-related revenue opportunity and highlighted Nvidia’s cost leadership in AI factories as a future catalyst.
