Latest news with #BlackwellAI
Yahoo
2 days ago
- Business
- Yahoo
Here's What 5 Wall Street Analysts Have to Say About Nvidia's Earnings
Nvidia (NVDA) shares surged Thursday as the chipmaker's quarterly results impressed Wall Street, even as export controls took a bite out of China sales. Nvidia's record-high sales exceeded analysts' estimates compiled by Visible Alpha, though earnings did not, as the company said it absorbed a $4.5 billion charge in the period due to restrictions on the export of its H20 chips to China. The AI darling's stock was up nearly 5% in recent trading above $141, propelling Nvidia to surpass Microsoft (MSFT) as the world's most valuable company by market capitalization. Here's what five analysts had to say about Nvidia's results: Oppenheimer called Nvidia the 'best house on the best block' and said it's the best-positioned company in AI. The firm reiterated its "outperform" rating and $175 price target. Bank of America said server racks of Nvidia's Blackwell AI chips are 'in full production,' with "every large hyperscaler" client now ramping close to 1,000 racks every week. The bank raised its price target to $180 from $160. Morningstar analysts said they were "encouraged by Nvidia's revenue growth despite being blocked from selling H20 products." Blackwell supply and revenue 'expanded faster than we anticipated and should support higher long-term AI revenue," they added, raising their target to $140 from $125. UBS noted the H20 curb was largely offset by Nvidia's gaming segment performing much better than expected, as the company's Blackwell chips are 'catalyzing an [AI PC] upgrade cycle.' UBS kept its "buy" rating and $175 price target. Morgan Stanley analysts echoed the sentiment that Nvidia showed "acceleration of the business other than the China headwinds,' adding, 'everything should get better from here." The analysts raised their target to $170 from $160. Read the original article on Investopedia
Business Insider
3 days ago
- Business
- Business Insider
Nvidia (NVDA) Is Expected to Earn $6.2B in Revenue from China in Q1
Chipmaker Nvidia (NVDA) is expected to bring in $6.2 billion in revenue from China in the first quarter, which would make up more than 14% of its total sales, according to Bloomberg estimates. This figure covers the period ending January 26, before the U.S. banned sales of Nvidia's H20 chips to China in April. Since China is one of Nvidia's most important markets, investors are closely watching to see what the company says about how the ban could impact future sales during its earnings report on Wednesday. Confident Investing Starts Here: While Chinese revenue is expected to grow 150% year over year, revenue from the U.S. is projected to grow by 60% to $21.6 billion, with total revenue estimated at $43.3 billion. Unsurprisingly, CEO Jensen Huang called the U.S. export ban 'deeply painful,' saying that it cost Nvidia $15 billion in lost sales and forced the company to write down $5.5 billion worth of unsellable inventory. That write-down will also lower Nvidia's gross margins for the quarter. Still, investors are hopeful that the company's new Blackwell AI chips and a recent deal with Saudi Arabia can help lift the stock after the earnings report. In addition, analysts from Bank of America and Stifel expect Nvidia to slightly beat earnings expectations for the first quarter, but warn that guidance for the next quarter may be more cautious because of the China ban. Meanwhile, competition from China's Huawei is growing, and Singapore, which is Nvidia's second-largest market, is expected to generate $6.9 billion in revenue this quarter. Interestingly, some of that may be linked to chip smuggling, with DA Davidson estimating that Chinese firms might still make up 20%–40% of Nvidia's total end customers. Is NVDA a Good Stock to Buy? Turning to Wall Street, analysts have a Strong Buy consensus rating on NVDA stock based on 32 Buys, four Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average NVDA price target of $164.21 per share implies 21.3% upside potential.
Yahoo
3 days ago
- Business
- Yahoo
Why AI Stock CoreWeave Surged 21% Higher Today
Several news items drove the stock to a double-digit win on the first trading day of the shortened week. With those, investors shrugged off a recommendation downgrade from an analyst. 10 stocks we like better than CoreWeave › Two pieces of encouraging news obscured a negative development with CoreWeave (NASDAQ: CRWV) stock on Tuesday. Ultimately, investors decided to latch on to the affirmative, as they drove the stock nearly 21% higher in price. That absolutely crushed the S&P 500 index's (SNPINDEX: ^GSPC) otherwise impressive 2%-plus rise. CoreWeave is a cloud infrastructure company that focuses on the market for high-end artificial intelligence (AI) capabilities. As such, it is a business partner of next-generation chipmaker Nvidia, which also owns a substantial stake in the company. On Tuesday, the Financial Times reported that a clutch of Nvidia suppliers had surmounted technical challenges that had delayed shipments of Nvidia's AI data center racks. This had negatively affected the company's production of its Blackwell AI servers; CoreWeave hosts such servers via its cloud platform. Another positive development for CoreWeave was its Tuesday announcement of a new hire. The company tapped Carl Holshouser as its vice president of government affairs. Prior to his hiring, Holshouser served in a variety of managerial positions concerning public policy, most recently as head of federal policy and government relations at tech executive association TechNet. Investors rightfully cheered the addition of a manager steeped in experience with government entities. With these developments, the market shrugged off a recommendation downgrade from an analyst. Barclays' Raimo Lenschow changed his view on CoreWeave stock to equal weight (hold, in other words) from his previous overweight (buy). He knocked his price target down to $70 per share -- from the previous $100 -- in the process. According to reports, while Lenschow expects robust growth from the company, he feels it is too richly valued at the moment. Lenschow certainly has a point, but CoreWeave's business is red-hot these days, and likely to get hotter. Yes, it's expensive, but as we all know, quality stocks can be pricey. I wouldn't be afraid of this one's level just yet. Before you buy stock in CoreWeave, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and CoreWeave wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool recommends Barclays Plc. The Motley Fool has a disclosure policy. Why AI Stock CoreWeave Surged 21% Higher Today was originally published by The Motley Fool
CNBC
4 days ago
- Business
- CNBC
Nvidia to develop cheaper Blackwell chip for China
Arjun Kharpal talks to Karen Tso and Julianna Tatelbaum on reports Nvidia will manufacture cheaper Blackwell AI chips aimed at bypassing U.S. chip export restrictions
The Hindu
4 days ago
- Business
- The Hindu
Nvidia to launch cheaper Blackwell AI chip in China; Putin says Microsoft, Zoom should be ‘throttled' in Russia; Rest of the world hopes to lure U.S. scientific talent
Nvidia to launch cheaper Blackwell AI chip in China Nvidia plans to launch a new cheaper Blackwell AI chipset for China at a much lower price in comparison with the H20 chip with production set to begin by June. The GPU is expected to be priced between $6,500 and $8,000 less than the $10,000 and $12,000 range that the H20 was sold at. This could indicate that the chipset will have weaker specifications and simpler manufacturing requirements. The AI chip will be based on Nvidia's RTX Pro 6000D, a server-class graphics processor and will implement the traditional GDDR7 memory instead of more advanced high bandwidth memory. China accounted for 13% of Nvidia's sales in the past financial year. Nvidia's market share in China has sunk from 95% before 2022 to 50% presently, CEO Jensen Huang said. Putin says Microsoft, Zoom should be 'throttled' in Russia Russian President Vladimir Putin has signalled in a speech that foreign service providers like Microsoft and Zoom should be 'throttled' in Russia. He said that Russia had offered a favourable environment for these U.S.-based companies and not limited their operations in the country. However, he said that they were trying to 'throttle' Russia and now it was their turn to respond in kind. He also said that other companies which had chosen to exit Russia wouldn't receive a warm reception if they chose to return. Putin also called for the strengthening homegrown tech solutions to tackle competition from the U.S. A host of companies have chosen to suspend business or reduce it in Russia post their invasion of Ukraine. Rest of the world hopes to lure U.S. scientific talent The spending cuts imposed by Trump on scientific research has led to thousands of scientists losing their jobs or grants, a gap that the rest of the world is looking to cash in on. Programs from countries like Canada, France and Australia are all looking to woo U.S. talent for areas like medical research. Trump has made massive cuts at the National Academy of Sciences, the National Institutes of Health, NASA and other agencies while also slashing funding for private universities. These recruiters are all offering U.S. one thing to make the job appealing - academic freedom. The 'Safe Place for Science' program at Aix-Marseille University in France has reportedly received interest from U.S. scientists including AI researchers and astrophysicists.
