UBS Reiterates Buy Rating on NVIDIA (NVDA)

UBS analyst Timothy Arcuri reiterated a Buy rating and $185.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst commented, "We expect a strong set of results with guidance that is in-line to better than FQ1 (April) investor bogeys of ~$42.5-43B for total revenue and ~ $38.5B-39B for data center. It is important to remember that NVDA recognizes Blackwell revenue when compute boards are shipped (which inflected significantly in FQ4) and does not wait for racks to be shipped from OEM/ODM partners. Ergo, we believe the supply chain is successfully navigating a short-term mismatch between Blackwell compute board shipments (ramping now) and OEM/ ODM Blackwell GB200 rack shipments (ramping starting in March). With the big inflection in Blackwell compute board production in 2H of NVDA's FQ4 (Jan), we also believe many customers have pivoted to Blackwell SKUs that are more immediately available (e.g. B200 on the air-cooled HGX platform) and have avoided waiting for the GB200 rack power issues to be fully resolved, as customers are clamoring to get Blackwell installed even a month or two earlier."

For an analyst ratings summary and ratings history on NVIDIA click here. For more ratings news on NVIDIA click here.

Shares of NVIDIA closed at $139.40 yesterday.

You May Also Be Interested In

• NVIDIA (NVDA) spreader of 10K contracts of July and October 220 calls
• Active options: NVDA TSLA SPCX AAPL AMZN MU INTC NFLX
• GraniteShares 2x Short SpaceX Daily ETF (SNK) call put ratio 2.6 calls to 1 put