On May 29, analyst Christopher Rolland from Susquehanna reiterated a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) with a $180.00 price target. The analyst based the rating on NVDA’s strong performance and robust financial outlook following the release of its fiscal Q1 2026 earnings on May 28.
The analyst acknowledged that NVIDIA Corporation is facing challenges from the H20 revenue impact after the imposition of a license requirement for the export of its H20 products into China, resulting in a $4.5 billion charge in fiscal Q1 2026. However, he reasoned that the company delivered results and guidance that exceeded expectations despite this setback. It managed to mitigate the impact by reusing materials, which led to gross margin alignment with previous estimates.
Rolland also stated that NVIDIA Corporation experienced substantial growth in its data center segment, driven by rising demand from key customers, including Meta and Google Cloud, as well as the high adoption of NVLink.
In addition, the company’s gaming segment performed above expectations, with an easing of supply constraints and a solid ramp-up of Blackwell gaming GPUs. The analyst also noted the strong performance of NVDA’s networking division, Spectrum-X, annualizing more than $8 billion in revenue and supporting the optimistic rating.
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