TECH - Nvidia Expected To Thrive Amid Challenges: Analyst Predicts Solid Results High Demand For AI GPUs | Benzinga
KeyBanc analyst John Vinh reiterated an Overweight rating on Nvidia Corp (NASDAQ: NVDA) with a price target of $650.
Despite updated export restrictions to China and tight supply, the analyst expects Nvidia to report solid results and guidance above consensus expectations, driven by strong ramps for L40S GPUs, non-CoWoS based (est. $2.5 billion - $3 billion in the second half), incremental CoWoS capacity from Amkor, and Taiwan Semiconductor Manufacturing Co (NASDAQ: TSM), to a lesser extent and mix shift to higher ASP H100 GPUs vs. A100.
Vinh expects minimal near-term impact from the updated China export restrictions, as NVDA should be able to ...