NVDA Stock Can Perform Well in the Long Term, Veteran Investor Says

Nvidia (NVDA)”stock can be strong over the next two years”  if the firm continues to execute well, Dan Flax, Neuberger Berman’s Managing Director told Yahoo Finance recently.

Neuberger Berman is an investment management firm.

Why Flax Is Bullish on NVDA

NVDA is effectively developing its new Blackwell chips, and the demand for them is “ramping,” Flax reported. Further, AI is “revolutionizing” multiple areas, including healthcare and manufacturing, and NVDA “is at the heart” of many of these changes, Flax reported.

And  in the short term, as worries about tariffs decline, investors will be interested in buying the shares of companies “with attractive growth prospects,” the veteran investor said. Flax places NVDA in the latter category.

NVDA’s Challenges and Its Most Important Task

The chip maker will have “challenges in China in the coming months,” Flax warned.

According to the longtime investor, “the most important thing for Nvidia is executing on its products and delivering value to its shareholders.”

The Recent Price Action of NVDA Stock

In the last month, the shares have dropped 1.5%, while they are down 10% in the last three months.

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This article is originally published at Insider Monkey