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Investment firm Oppenheimer has raised NVIDIA's target price from $110 to $150 and given it an "outperform" rating
According to Zhitong Finance, investment firm Oppenheimer has raised its target price for NVIDIA (NVDA.US) from $110 to $150, and has given it an "outperform" rating. Prior to this, the stock of this artificial intelligence giant began trading after a 1:10 stock split on Monday. Analysts led by Rick Schafer pointed out that they are updating their models to reflect the increase in the number of shares traded.
Analysts noted that since delivering a keynote speech at Computex in 2024, NVIDIA's founder and CEO Jensen Huang has been on a "roadshow". In the keynote speech, Huang emphasized NVIDIA's mid-term computing and networking roadmap. The B100 will begin production in the fourth quarter of this year, followed by the B200, as well as the GB200/NVL36/NVL72.
According to the new annual update schedule, the company's Blackwell Ultra SKU is set to be launched in the second half of 2025. Analysts added that the successor product to Blackwell, Ruben, will make its first appearance in 2026 with the R100 family, followed by Ruben Ultra in 2027.
The successor to the Grace CPU, Vera, is planned to be released in 2026 alongside Rubin. Currently, there are 5 million developers using CUDA, which includes over 350 domain-specific libraries. According to analysts, these libraries support Large Language Models (LLM) and Generative Artificial Intelligence (GenAI), which can be extended to most major markets (such as automotive, healthcare, manufacturing, etc.).
Schafer and his team further stated that they believe NVIDIA is in the best position in the field of artificial intelligence, benefiting from their full-stack artificial intelligence hardware, networking, and software solutions