UBS lowered the firm’s price target on Nvidia (NVDA) to $175 from $180 and keeps a Buy rating on the shares. The firm expects Q1 revenue to be slightly ahead of $43B guidance, amid the recent H20 ban, the analyst tells investors in a research note. The firm expects growth to reaccelerate in the second half as GB300 racks start to ship in late Q3 and Nvidia is potentially allowed to resume shipments of data center GPUs to China with a modified Blackwell-based SKU.
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