Nvidia's Bullish Outlook: UBS Analyst's $245 Target

0:00Here's more DURM news for March 5th, UBS analyst Timothy R. Cury stuck with his by-rating on NVIDIA, setting a $245 price target. That suggests nearly 40 percent upside, from recent share prices. He got even more optimistic after meeting NVIDIA's chief financial officer on a semi-conductor tour. NVIDIA crushed its latest quarter with $68 billion, $100 million in revenue, up 73 percent from last year. This center sales hit $62 billion, $300 million, and gross margin-states strong at 75 percent. First quarter guidance calls for $78 billion, way above Wall Street hopes. Share still dipped 5.5 percent the day after earnings, erasing $260 billion in value. Investors had sky-high expectations. Yet 37 out of 39 analysts rated a buy, with an average target around $273. The networking business stands out as a hidden gem, surging over 263 percent year-over-year.

1:03Products like SpectrumX switches are locking into AI data centers. Sovereign AI deals also tripled to over $30 billion for the year. Keep an eye on NVIDIA's GTC conference starting March 18th. They plan to reveal the Ruben GPU architecture, promising big cuts in AI costs. Many restrictions and rival chips pose risks, but hyperscalers keep ramping up spending. Special thanks to our sponsor for supporting this episode. Some people meditate. I just lay down and press play, S-O-L-I, solelypillow.com.