$NVDA Nvidia’s upgrade to $150 by UBS today was really important.
Last week, New Street Research was the only firm on the street to actually raise questions about Nvidia’s demand NOT matching expectations for earnings.
UBS today: “Our recent supply chain checks confirm our prior suspicions that demand momentum for Blackwell rack-scale systems remains exceedingly robust.”
If UBS thinks Blackwell is going to contribute to an earnings beat (Jensen did say Blackwell revenue will show up this year) then $NVDA likely is ahead of estimates…
After taking a breather, Nvidia is coming back..
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