tl;dr
UBS has raised its estimates and price target on Nvidia's (NASDAQ:NVDA) shares to $850 ahead of the chipmaker's fourth quarter results on Feb. 21. The analysts suggest that Nvidia's lead times have increased, indicating a strong demand for AI compute capacity and the potential for significant upside...
UBS has raised its estimates and price target on Nvidia's (NASDAQ:NVDA) shares to $850 ahead of the chipmaker's fourth quarter results on Feb. 21. The analysts suggest that Nvidia's lead times have increased, indicating a strong demand for AI compute capacity and the potential for significant upside to shipments and revenue. They anticipate Nvidia beating on data center revenue by about $2.5B to $3B, with a projected total revenue of $23B versus Street estimates around $20.2B. Despite supply chain challenges, the analysts foresee enough capacity for Nvidia to guide $25B to $26B in total revenue. Additionally, Nvidia briefly surpassed Amazon's market cap, becoming the fourth most valuable U.S. company. Seeking Alpha's Quant Rating system gives Nvidia a Hold rating, while Wall Street analysts' ratings are more positive, with a Strong Buy recommendation.
More about NVIDIA Corporation
NVIDIA Corporation is a leading technology company in the manufacturing and semiconductor industry with a market capitalization of $178.45 billion. The stock is currently trading at $660.04 with a 52-week range of $448.70 to $660.04. The company has a price-to-earnings ratio of 95.19 and a forward price-to-earnings ratio of 18.18, indicating potential overvaluation. The stock has a beta of 0.421, suggesting lower volatility compared to the overall market. NVIDIA Corporation has a current ratio of 7.59 and a quick ratio of 12.74, indicating strong liquidity. The company's return on equity is 2.055, reflecting moderate profitability. Overall, market sentiment towards NVIDIA Corporation is positive, with strong financial metrics and a bullish trend in stock performance. However, potential risks and uncertainties should be considered, as past market behavior is not always a reliable indicator of future performance.
More about Amazon.com Inc
Amazon.com, Inc. is a major player in the U.S. information technology industry, with a market capitalization of $1790164468000 and a stock price of $204.66. The company operates in the retail-catalog and mail-order houses sector, with a current price-to-earnings ratio of 59.43. Amazon's stock has shown a 2.9% dividend yield and a relative strength index (RSI) of 55.78, indicating a neutral market sentiment. The stock's performance has been bullish, with a 0.0529 increase in the Bollinger Bands, suggesting potential upward momentum. However, it's important to note that past performance is not always a reliable indicator of future performance, and there are inherent risks associated with investing in the stock market.
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