Nvidia price target lowered to $185 from $195 at HSBC

HSBC analyst Frank Lee lowered the firm’s price target on Nvidia (NVDA) to $185 from $195 and keeps a Buy rating on the shares. The firm says the GB200 supply chain ramp-up overhang in the first half of fiscal 2026 implies limited room for “beat and raise upside for Nvidia. HSBC now believes ongoing GB200 supply chain issues could remain an overhang going into the first half of fiscal 2026, resulting in downside risk to GB200 revenue forecasts.