UBS Group AG: Blackwell's fourth quarter may generate revenue of $9 billion, maintains NVIDIA Corporation's (NVDA.US) target price at $185.
UBS analyst Timothy Arcuri maintains Nvidia's target price at $185, essentially unchanged.
NVIDIA Corporation's stock (NVDA.US) has remained relatively flat since its last quarterly earnings report, but UBS Group AG predicts that the company's revenue from its latest production line will exceed previous expectations due to optimistic sentiment around the Blackwell chip. UBS Group AG analyst Timothy Arcuri has maintained a target price of $185 for NVIDIA Corporation.
In a report to clients, Arcuri wrote, "First, we believe that the yield on the Blackwell chip has improved, and the combination of the fourth quarter (January) and the first quarter (April) is rapidly shifting from Hopper to Blackwell." Additionally, based on Foxconn's latest performance, any hardware issues that NVIDIA Corporation may face have recently seen significant improvement as the company is delivering B200 and GB200 processors to partners, with rack deliveries already underway.
Arcuri added, "Therefore, we now see revenue from Blackwell in January at around $9 billion (compared to previous expectations of around $5 billion, with supply chain capacity supporting up to $14 billion), but we expect a decline in Hopper in January. We forecast revenue of $42 billion (data center) for the fourth quarter (January) and still $47 billion for the first quarter (April)."
Related Articles
HK Stock Market Move | CNOOC (00857) rises more than 3%, with a net profit attributable to the parent company in the first three quarters reaching 126.294 billion yuan. Free cash flow will still maintain resilience.
HK Stock Market Move | YUM CHINA (09987) rises more than 3%, third quarter performance disclosure imminent, Nomura expects company's business to continue to remain strong and resilient.
HK Stock Market Move | Jiangxi Copper (00358) is currently down over 4% as a result of a decline in copper concentrate processing fees dragging down gross profit. Institutions predict that the overall impact is manageable.
HK Stock Market Move | CNOOC (00857) rises more than 3%, with a net profit attributable to the parent company in the first three quarters reaching 126.294 billion yuan. Free cash flow will still maintain resilience.
HK Stock Market Move | YUM CHINA (09987) rises more than 3%, third quarter performance disclosure imminent, Nomura expects company's business to continue to remain strong and resilient.
HK Stock Market Move | Jiangxi Copper (00358) is currently down over 4% as a result of a decline in copper concentrate processing fees dragging down gross profit. Institutions predict that the overall impact is manageable.
