$NVIDIA(NVDA.US): HSBC UPGRADES TO BUY FROM HOLD - PT $320 FROM $200
HSBC analyst Frank Lee upgraded NVIDIA from *Hold* to *Buy* and raised the price target from $200 to $320, citing a much larger GPU market by FY27.* Revenue Outlook: FY27 datacenter revenue forecast lifted to $351 B, 36% above consensus ($258 B).* China Demand: Potential easing of U.S.–China trade tensions could boost Chinese GPU demand.* Earnings Forecast: EPS for FY27 raised to $8.75 vs. consensus of $6.48 — excluding China chip exports.* Production Ramp: CoWoS wafer allocation increased to 700K units (from 480K), signaling strong AI GPU demand.* Bull Case: $390 B in datacenter revenue and EPS of $9.68 if allocation reaches 800K wafers.The copyright of this article belongs to the original author/organization.
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