Blackwell series GPU is about to be launched. Morgan Stanley reiterates its "overweight" rating on NVIDIA
Morgan Stanley reiterated its "overweight" rating on NVIDIA with a target price of $150, citing strong growth in production of the upcoming Blackwell series GPU. Analyst Joseph Moore stated after meeting with NVIDIA management that there have been no major changes to the product roadmap, and the future outlook is optimistic. Despite initial production delays, NVIDIA is confident in the revenue prospects for Blackwell, expecting to reach billions of dollars in the January quarter
According to the Zhitong Finance and Economics APP, Morgan Stanley stated on Thursday that NVIDIA (NVDA.US) is preparing to launch its Blackwell series GPU, and the production growth seems "quite strong".
The firm reiterated its "overweight" rating on NVIDIA with a target price of $150.
Analyst Joseph Moore, after meeting with NVIDIA management including CEO Jensen Huang, stated in a report to clients that the product roadmap seems unchanged, with all signs indicating a "strong" business and bright future.
Moore wrote: "We still believe that by 2025, NVIDIA is likely to gain more market share in the AI processor market, as the largest users of custom chips will see significant growth in NVIDIA solutions next year." "Everything we heard this week reinforces this point."
NVIDIA management provided additional clarification on the initial production delay of Blackwell, which caused a stir in the summer. The first version was functional, but with low production volume, and most issues were discovered after packaging.
As a result, the shortage of wafer substrates and HBM3e exacerbated the problem. However, these issues are now in the past, with NVIDIA stating, "We are confident that in the January quarter, Blackwell's revenue will reach billions of dollars."
Moore noted that the most important thing is that there are no supply issues with HBM3e, as NVIDIA stated that it is "very confident" in qualifying Samsung as its third supplier