KeyBanc raised the firm’s price target on Nvidia (NVDA) to $190 from $180 and keeps an Overweight rating on the shares. The firm says that despite prior concerns regarding constraints associated with the ramp of GB200 NVL servers, it expects Nvidia to report strong Q4 results. The company will “solidly” beat estimates and guide Q1 “conservatively and moderately higher” than consensus, the analyst tells investors in a research note. Manufacturing constraints are limiting shipments of GB200 NVL server racks, but this will be more than offset by customers pushing out orders of GB200 and backfill with HGX-based B200 servers with x86 head nodes, DeepSeek, and limited supply of Huawei’s Ascend, contends KeyBanc.
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