Key Takeaways:
- Huawei to begin large-scale deliveries of Ascend 910C AI chips, amidst U.S. restrictions on Nvidia's H20 chips.
- Nvidia (NVDA, Financial) is projected to have a significant potential upside, according to Wall Street analysts.
- GuruFocus estimates indicate a substantial upside based on the GF Value metric.
Huawei Technologies is gearing up to start large-scale distributions of its sophisticated Ascend 910C AI chip to customers in China next month. This strategic move coincides with fresh U.S. regulations mandating Nvidia (NVDA) to obtain a license to export its H20 chips to China, a development that could potentially affect Nvidia's revenues by as much as $5.5 billion.
Wall Street Analysts Forecast
Analyst expectations for Nvidia Corp (NVDA, Financial) reveal a promising outlook. Based on the one-year price targets provided by 50 analysts, the average target price is estimated to be $166.73, with projections stretching to a high of $235.92 and a low of $115.00. This average target suggests a potential upside of 64.28% from the recent price at $101.49. For more comprehensive estimate data, consult the NVIDIA Corp (NVDA) Forecast page.
Additionally, the consensus recommendation by 63 brokerage firms positions NVIDIA Corp (NVDA, Financial) at an average brokerage recommendation of 1.8. This rating places it under the "Outperform" category, according to a scale ranging from 1 (Strong Buy) to 5 (Sell).
GF Value Analysis
According to estimates from GuruFocus, the GF Value for NVIDIA Corp (NVDA, Financial) stands at $263.09 one year from now. This suggests a dramatic upside of 159.23% compared to the current price of $101.49. The GF Value is a pivotal metric from GuruFocus, evaluating the fair value at which the stock should trade, based on historical trading multiples, past business growth, and future business performance forecasts. More detailed insights can be accessed on the NVIDIA Corp (NVDA) Summary page.
