Nvidia Corp.'s stock has seen a rebound, climbing 3.5% on Monday, following a recommendation from Evercore ISI analysts who added the chipmaker to their tactical outperform list ahead of its first-quarter 2025 earnings on February 26, 2025. The analysts have set a price target of $190 per share, suggesting a potential upside of nearly 45% from current levels. This comes after Nvidia experienced significant declines last week due to concerns over the impact of DeepSeek, a Chinese AI startup. Evercore ISI analysts noted that the cost improvements from DeepSeek are seen as evolutionary rather than revolutionary, and they expect that lower computing costs could lead to increased demand for more advanced AI models. Despite growing competition in the AI industry, the analysts believe that Nvidia will continue to dominate external workloads for companies like Amazon Web Services, citing Nvidia's strong software ecosystem and developer community as key advantages. Nvidia's stock had underperformed the S&P 500 by 9% over the past month as of February 7, making the upcoming earnings report a critical opportunity for the company to further recover from the recent sell-off triggered by DeepSeek.