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JPMorgan Positive on NVIDIA (NVDA): 'remains on track to ship its next-generation Blackwell GPU platform in high volume production in 4Q'

October 2, 2024 1:54 PM EDT

JPMorgan analyst Harlan Sur reiterated an Overweight rating and $155.00 price target on NVIDIA (NASDAQ: NVDA)

The analyst comments "NVIDIA remains on track to ship its next-generation Blackwell GPU platform in high volume production in 4Q......yields improving as expected and still expecting several billion dollars in Blackwell revenues in 4Q. The team characterized the early product yield issues as behind the team post a mask fix on the B200 GPU chip and the team is on track to ship several billions of dollars of Blackwell GPU platforms in its fiscal 4Q (jan-qtr)... More