UBS Raises Target on NVIDIA (NVDA) Ahead of Strong Revenue Forecast

Ken Griffin ranks among the list of the richest hedge fund managers in the world. NVIDIA Corporation (NASDAQ:NVDA) is Ken Griffin’s largest holding, accounting for 0.6% ($4.02 billion) of the billionaire’s total portfolio.

On May 14, UBS boosted its price target for NVIDIA Corporation (NASDAQ:NVDA) to $275 from $245, retaining a Buy rating on the company’s stock. The firm forecasts NVIDIA’s first-quarter revenue at about $81 billion, a $3 billion increase over the midrange $78 billion forecast.

According to UBS, Rubin chip and computing board manufacturing is on pace to begin this quarter, although some optimization on rack-level cooling concerns appears to be postponing bulk production for racks into September/October. The firm stated that this shouldn’t pose a problem, given that demand for Blackwell remains high.

The firm also identified capital return, which includes both share repurchases and a possible dividend increase, as a key factor to watch this quarter.

On the same day, Cantor Fitzgerald maintained its Overweight rating on NVIDIA Corporation (NASDAQ:NVDA) and increased its price target to $350 from $300, with the firm citing forecasts for the company’s earnings potential in 2027.

NVIDIA Corporation (NASDAQ:NVDA) is a fabless semiconductor and AI computing company that designs GPUs, AI accelerators, Application Programming Interfaces (APIs), and system-on-a-chip units. Through its CUDA ecosystem, the company enables industries ranging from autonomous vehicles to scientific research by advancing AI, accelerated computing, and data center infrastructure.

While we acknowledge the risk and potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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