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On Friday, Oppenheimer raised his price target on NVIDIA Corporation (NASDAQ:) stock from $650 to $850 while maintaining an Outperform rating.
The company’s analysts wrote in a note:We (and most others) see F4Q (January)/F1Q (April) print/outlook to be DC-led up as CSPs/enterprises invest in high-speed computing. ”
The analyst said investors are looking forward to updates on NVIDIA’s business in China, which has historically accounted for 20% to 25% of the company’s data center revenue, especially in light of recent U.S. government regulations. I pointed it out. Also of interest is the launch of new “workaround” accelerators such as H20, L20, L2, and 4090D.
Relaxation of packaging constraints, particularly Chip-on-Wafer-on-Substrate (CoWoS) technology, is expected throughout the year. NVIDIA’s comprehensive hardware and software platform includes core GPUs, DPUs, CPUs, InfiniBand/Ethernet switches, SuperPOD server clusters, and integrated software libraries, making it a key driver to support a broad AI ecosystem. It is considered power.
The analyst noted that shipments of NVIDIA L40S GPUs to enterprise customers represent new growth opportunities. Additionally, the upcoming Grace CPUs are seen as a greenfield opportunity that could further enhance NVIDIA’s market position.
Gross margin growth is also expected to increase by 50 basis points to 75.5% in the fourth quarter. The affirmative Outperform rating and new $850 price target reflect analysts’ confidence in NVIDIA’s growth trajectory and market opportunity.
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Furthermore, NVIDIA’s gross profit margin is at a healthy level of 69.85%, suggesting that the company is not only growing its revenue but also maintaining its cost of goods sold efficiency. This is in line with analysts’ expectations for gross profit growth, reinforcing the positive outlook for NVIDIA’s profitability.
InvestingPro’s real-time data and expert insights will be valuable to those tracking NVIDIA stock, especially in the context of Oppenheimer’s recent price target hike and the company’s strategic initiatives in a rapidly evolving technology environment. Provide perspective.
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