HSBC raised the firm’s price target on Nvidia to $1,350 from $1,050 and keeps a Buy rating on the shares. The firm believes Nvidia will continue to demonstrate its strong pricing power via its NVL36/NVL72 server rack system and GB200 platform, which it contends “will once again surprise the market on the upside in FY26.” The firm is “even more bullish” that Nvidia now has the potential to see FY26 revenue of $196B based on its NVL36/NVL72 server rack average selling price of $1.8M/$3M and a total server rack unit assumption of 35,000.
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