Nvidia Eyes March Rerating After 7.4% Pullback and Brazil AI-RAN Expansion
Fundstrat’s Tom Lee forecasts March as a turnaround month for Nvidia after the stock fell 7.41% over the past five days despite a strong earnings beat and anticipates a consolidation and rerating period. Separately, Nokia will expand its AI-RAN partnership using Nvidia platforms into 14 Brazilian states covering roughly 42% of the population, broadening Nvidia’s market deployment.
1. Analyst Outlook for March
Fundstrat’s Tom Lee called February’s AI market pessimism excessive and predicts March will serve as a turnaround month for Nvidia, forecasting consolidation and a rerating that aligns the stock with its growth fundamentals.
2. Recent Price Performance
Nvidia shares slid 7.41% over the past five trading days despite a robust earnings report, highlighting market skepticism around AI valuations and pushing the stock into a consolidation range.
3. Brazil AI-RAN Partnership Details
Nokia will extend its AI-native radio access network deployment using Nvidia platforms across 14 Brazilian states, covering approximately 42% of the country’s population and enabling AI-driven services that could drive incremental chip demand for Nvidia.