Jefferies has added Nvidia (NVDA) to its roster of “Franchise Picks,” a group its analysts describe as “our highest-conviction, Buy-rated stocks.”

In Nvidia’s case, the reason for conviction is the chipmaker’s position as the “dominant supplier of AI accelerators” to ꦅdata centers, facilities that house the advanced computers used to develop and train ar🍰tificial intelligence models. 

Jefferies came away from Nvidia’s 澳洲幸运5开奖号码历史查询:quarterly results impressed with the chipmaker’s revenue projections—which largely mirrored what analysts expected despite a larger-than-expected impact from U.S. export curbs. Nvidia said it expects to take an $8 billion hit this quarter due to lost revenue from sales of H20 chips, which the Trump administration 澳洲幸运5开奖号码历史查询:barred from being sold in China. 

The analysts pointed to the “massive step up” in AI commitments from Saudi Arabia and the United Arab Emirates as a reason for revenue optimism. Last month, Nvidia agreed to 澳洲幸运5开奖号码历史查询:supply chips to Saudi AI startup Humain, while the U.S. and UAE 澳洲幸运5开奖号码历史查询:reached a deal allowing the Middle Eastern nation to import America𒐪n-made AI chips. 

Nvidia, 澳洲幸运5开奖号码历史查询:grappling with Microsoft (MSFT) for the title of the most valuable company in the world by 澳洲幸运5开奖号码历史查询:market capitalization at more than $3.4 trillion, traded 2% higher shortly after the opening bell Tuesday. The stock has gained roughly 5% so far in 2025.