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 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 and increased its price target to $350 from $300, with the firm citing forecasts for the company’s earnings potential in 2027.

NVIDIA Corporation 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.

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