Benchmark analyst Cody Acree reiterated a Buy rating and $250.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst commented, "During his keynote at Nvidia’s GTC yesterday, Jensen Huang made several notable announcements, including a doubling of the company’s expected order forecast, new GPU, CPU, and LPU designs and roadmaps, multiple industry, robotics, and autonomous vehicle partnerships, and a new software platform that provides enterprise security to the blockbuster agentic AI assistant platform OpenClaw. While each announcement individually could be impactful for the company, we believe together they represent Nvidia’s recognition and a significant corporate pivot to more completely address the industry’s structural inflection shift toward inferencing and the rise of agentic AI."

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Shares of NVIDIA closed at $183.22 yesterday.