UBS lowered the firm’s price target on Nvidia (NVDA) to $180 from $185 and keeps a Buy rating on the shares. The firm cut estimates to reflect the newly issued licensing requirements for the company’s H20 graphics processing units. Only about half of the $5.5B in reserves is associated with inventory, with the remainder related to purchase commitments, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- OpenAI, SoftBank, and Oracle’s $500B Stargate Project Eyes Future UK Investment
- New Export Rules Put Pressure on Intel Stock (INTC)
- U.S. Probes if Nvidia Helped China’s DeepSeek Create Powerful AI Chips
- ‘Stay Calm,’ Says Cowen About Nvidia Stock
- AI Daily: OpenAI said to be working on X-like social network