JPMorgan keeps an Overweight rating on Nvidia with a $155 price target after hosting an investor meeting with investor relations, which focused on the company’s data center business ahead of the production shipment ramp of its next-generation Blackwell platform. Nvidia remains on track to ship its next-generation Blackwell graphic processing unit platform in high volume production in Q4, the analyst tells investors in a research note. The firm says the company is still expecting several billion dollars in Blackwell revenues in Q4. On the recent sell-side noise on rackscale portfolio changes, the Nvidia team cautioned investors on paying too much attention to the noise, adds JPMorgan.
