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Investing.com - JPMorgan has reiterated an Overweight rating and $215.00 price target on Nvidia (NASDAQ:NVDA) following a meeting with the company’s VP of Investor Relations and Strategic Finance. The target aligns with the broader analyst consensus, as InvestingPro data shows analyst targets ranging from $100 to $270, with the stock currently trading at $170.31.
The investment bank highlighted that demand continues to outpace supply for Nvidia’s data center products, with lead times remaining stretched but stable at "quarters, not months" despite the sharp ramp of Blackwell Ultra chips in the fiscal second quarter. This robust demand has contributed to Nvidia’s impressive 71.55% revenue growth over the last twelve months, according to InvestingPro data, which offers over 20 additional insights about NVDA’s financial health and market position.
According to JPMorgan, Blackwell Ultra represented approximately 50% of Nvidia’s Blackwell product mix in the quarter, yet the extended lead times indicate demand is still outstripping supply more than two years into the current AI spending cycle.
Nvidia confirmed to JPMorgan that its upcoming Vera Rubin platform remains on schedule for a second-half 2026 launch, countering recent market speculation about potential delays.
The company also indicated that all six chips comprising the Vera Rubin platform have already taped out at TSMC, and management reaffirmed expectations for continued growth in calendar year 2026.
In other recent news, Nvidia reported second-quarter revenue of $46.74 billion, surpassing analyst expectations of $46.23 billion. Earnings per share were $1.05, exceeding the anticipated $1.01. The company’s gaming segment notably generated $4.3 billion in revenue, which was significantly above market forecasts. Nvidia’s venture capital arm is also investing in quantum computing firm Quantinuum, valuing it at $10 billion as part of a $600 million funding round. Analysts have responded positively to Nvidia’s financial performance, with Craig-Hallum raising its price target to $245 while maintaining a Buy rating. Similarly, Benchmark increased its price target to $220, and Bernstein raised its target to $225, both firms maintaining positive outlooks. UBS reiterated its Buy rating with a $205 price target, despite some mixed quarterly results and guidance. These developments highlight continued interest and confidence in Nvidia’s growth potential.
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