UBS: BlackRock Q4 Could Bring in $9bn, Maintains Nvidia (NVDA.US) Target at $185

Intelligible Finance learned that Nvidia's stock (NVDA.US) has been largely flat since its last reported quarter, but investment firm UBS expects the company's latest production line to exceed previous expectations due to optimism about Blackwell production. UBS analyst Timothy Arcuri maintains his $185 price target for Nvidia largely unchanged. Arcuri wrote in a note to clients: "First, we believe the yield of Blackwell chips has risen, and the combination of Q4 (January) and Q1 (April) is rapidly shifting from Hopper to Blackwell. Moreover, any hardware issues Nvidia may face "have significantly improved recently," as the company is delivering B200 and GB200 processors to partners, and rack shipments have begun. Arcuri added: "Therefore, we now see Blackwell revenue in January of ~$9bn (vs. ~$5bn previously, supply chain capacity can support up to $14bn), but we believe Hopper will decline in January. We expect Q4 (January) revenue of $42bn (data center), and still $47bn in Q1 (April)."