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JPMorgan Reaffirms Bullish Outlook on Nvidia Amid Sustained AI Demand
JPMorgan Reaffirms Bullish Outlook on Nvidia Amid Sustained AI Demand
20
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BTCCSquare news:
JPMorgan analyst Harlan Sur maintains a Buy rating on Nvidia (NVDA) with a $215 price target, citing unrelenting demand for the chipmaker's AI-driven data center solutions. The endorsement follows a meeting with Nvidia's investor relations team, underscoring confidence in the company's long-term growth trajectory.
Supply constraints persist despite rapid scaling of the Blackwell Ultra AI chip, which now accounts for half of Blackwell shipments. Lead times remain measured in quarters, not months—a testament to structural demand. Nvidia's next-gen Vera Rubin platform, slated for late 2026, has completed tape-out at TSMC, signaling on-track development for advanced AI workloads.
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