Nvidia's New Blackwell GPUs Expected To Boost Future Revenues, Analyst Forecasts
Portfolio Pulse from Anusuya Lahiri
KeyBanc analyst John Vinh maintains an Overweight rating on Nvidia Corp (NASDAQ: NVDA) with a price target of $1,200, citing the upcoming Blackwell GPUs and strong demand for existing products. Vinh expects Nvidia's fiscal first-quarter results and second-quarter guidance to exceed expectations, driven by improved supply and strong demand from China. He projects significant revenue contributions from new GPU models and data center solutions, estimating over $200 billion in data center revenue by 2025.
May 15, 2024 | 7:00 pm
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KeyBanc analyst John Vinh maintains an Overweight rating on Nvidia with a $1,200 price target. Vinh expects Nvidia's fiscal first-quarter results and second-quarter guidance to exceed expectations, driven by improved supply and strong demand from China. He projects significant revenue contributions from new GPU models and data center solutions, estimating over $200 billion in data center revenue by 2025.
The analyst's positive outlook and high price target, combined with strong demand and new product launches, are likely to boost investor confidence and drive NVDA's stock price higher in the short term.
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