CFRA's Angelo Zino expects Nvidia's (NVDA) price to climb almost 50% over the next 12 months. His case relies on "extremely strong" earnings growth that he sees persisting into next year. Angelo also has his eyes on Nvidia's gross margins into Wednesday's report, which he sees being bolstered by the A.I. giant's Blackwell chips. He notes wariness from investors with the "circular A.I." theme through investments and collaborations, but Angelo argues that it's something investors need to get "comfortable" with in A.I.'s later stages.

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Angelo Zino's Case for $270 NVDA, Getting "Comfortable" with Circular A.I.

Schwab Network

Angelo Zino's Case for $270 NVDA, Getting "Comfortable" with Circular A.I.