Nvidia (NVDA) has largely tread water since its last earnings report, partially due to supply chain noise and concerns around the ramp of Blackwell server racks, UBS tells investors in a research note. The firm, which has a Buy rating and $185 price target on the shares, remains confident that Nvidia will deliver strong Q4 results and Q1 guidance and believes investor concerns around a Blackwell “air pocket” are overblown.
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