NVDA Stock “Is in a Great Spot,” Tech Researcher Says

Nvidia’s (NVDA) shares “can really start to work again” when tariff levels and export restrictions are finalized by Washington, Ben Reitzes, a Managing Director and Head of Technology Research at Melius Research told CNBC recently.

The Many Positive Catalysts of NVDA Stock

Labeling Nvidia (NVDA) “the AI leader,” Reitzes stated that the chip maker “is doing great.”

More specifically, the researcher is bullish on the company’s new chips.

He also noted that large cloud-infrastructure firms Microsoft (MSFT), Meta (META), and Amazon (AMZN), which buy many of Nvidia’s advanced AI chips, are spending a great deal of money on AI. Additionally, MSFT is investing large sums in its cloud business, according to the researcher.

The Researcher’s Bottom Line on NVDA

“It was a pretty good week for Nvidia, all things considered,” Reitzes said. The stock can start rallying again after the government’s regulations become more certain, he said.

But the researcher added that he doesn’t expect the shares to again deliver the huge gains that they generated in recent years.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires

Disclosure: The author owns shares of AMZN but has no intention of trading them in the next 48 hours. This article is originally published at Insider Monkey.