Wedbush has reaffirmed its 'outperform' rating on Nvidia, with its price target raised from $1,000 to $1,200, 'seeing no reason to temper its enthusiasm' for the stock, in the wake of the chipmaker's quarterly publication.
'This publication is a pure masterpiece that deserves to be exhibited in the Louvre', reacts the broker, who believes that this performance shows that 'the artificial intelligence revolution has only just begun'.
With demand for H100 still outstripping supply, H200 gaining momentum and Blackwell coming to market faster than previously expected, there doesn't seem to be any room for a gap in demand or deliveries', it adds.
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NVIDIA Corporation is the world leader in the design, development, and marketing of programmable graphics processors. The group also develops associated software. Net sales break down by family of products as follows:
- computing and networking solutions (55.9%): data center platforms and infrastructure, Ethernet interconnect solutions, high-performance computing solutions, platforms and solutions for autonomous and intelligent vehicles, solutions for enterprise artificial intelligence infrastructure, crypto-currency mining processors, embedded computer boards for robotics, teaching, learning and artificial intelligence development, etc.;
- graphics processors (44.1%): for PCs, game consoles, video game streaming platforms, workstations, etc. (GeForce, NVIDIA RTX, Quadro brands, etc.). The group also offers laptops, desktops, gaming computers, computer peripherals (monitors, mice, joysticks, remote controls, etc.), software for visual and virtual computing, platforms for automotive infotainment systems and cloud collaboration platforms.
Net sales break down by industry between data storage (55.6%), gaming (33.6%), professional visualization (5.7%), automotive (3.4%) and other (1.7%).
Net sales are distributed geographically as follows: the United States (30.7%), Taiwan (25.9%), China (21.5%) and other (21.9%).
NVIDIA CORPORATION 
