Evercore ISI reiterated its outperform rating on Nvidia on Friday, pointing to the chipmaker's partnership with SpaceX as a reason for confidence. The firm said Nvidia's own earnings call backed up its view of SpaceX's early position in an upcoming customer group.
Evercore ISI reiterated its outperform rating on Nvidia on Friday, telling clients it remains bullish on the partnership between Nvidia and SpaceX.
The firm also kept its outperform rating on SpaceX, tying the two ratings together in the same note.
According to the analysts, Nvidia's earnings call reinforced SpaceX AI's position in the earliest Vera customer cohort. Evercore added: "4Q27 orbital timing adds an earlier validation point ahead of our FY29 capacity assumption."
Friday's roundup of big analyst calls also included reiterated buy ratings from Bank of America on Tesla and Marvell, and a fresh upgrade for Moderna from Argus.
Source: CNBC
Trading involves risk.