UBS raised the firm’s price target on Nvidia to $1,000 from $800 and keeps a Buy rating on the shares. Following the Blackwell launch, UBS believes Nvidia sits on the cusp of a new wave of demand from global enterprises and sovereigns, with each sovereign potentially as big as a large U.S. cloud customer, the analyst tells investors in a research note. The firm sees another solid year of growth in calendar 2025, with revenue approaching $150B, and would view any near-term weakness as an attractive buying opportunity.
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