The investment bank predicts solid Q3 results from the chipmaker, driven by robust demand for Nvidia's Hopper products, with guidance for the fourth quarter likely to be slightly above consensus expectations.
These include delays in the H20 product in China amid a shift towards domestic AI solutions, a loss of market share to AMD as the primary power management integrated circuit vendor is expected to create supply constraints, limiting the availability of GB200 NVL server racks in the fourth quarter. While this “lack of more meaningful upside” could weigh on Nvidia’s near-term prospects, KeyBanc analysts remain bullish on the company’s risk-reward profile for the long run, primarily due to “outsized GenAI growth.”
The AI darling’s shares surged 183% since the start of the year, making it the world’s most valuable company.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.