Nvidia (NVDA, Financial) CEO Jensen Huang is set to engage with top Chinese officials during his visit to the International Supply Chain Expo in Beijing, scheduled to start next Wednesday. The company is gearing up to introduce a new AI chip tailored specifically for the Chinese market. This chip is a variant of Nvidia's Blackwell RTX Pro 6000 processor, adjusted to comply with the tightened export regulations implemented during former U.S. President Donald Trump's administration, according to informed sources.
Nvidia recently achieved a significant milestone by becoming the first company to reach a market capitalization of $4 trillion. This strategic move to launch a China-focused AI chip highlights Nvidia's efforts to navigate regulatory challenges while tapping into the growing demand in the Chinese market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 52 analysts, the average target price for NVIDIA Corp (NVDA, Financial) is $178.19 with a high estimate of $372.87 and a low estimate of $100.00. The average target implies an upside of 9.61% from the current price of $162.57. More detailed estimate data can be found on the NVIDIA Corp (NVDA) Forecast page.
Based on the consensus recommendation from 65 brokerage firms, NVIDIA Corp's (NVDA, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for NVIDIA Corp (NVDA, Financial) in one year is $280.31, suggesting a upside of 72.42% from the current price of $162.57. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the NVIDIA Corp (NVDA) Summary page.
