《大行》交銀國際升英偉達(NVDA.US)目標價至175美元續籲買入
交銀國際研究報告指,英偉達(NVDA.US)將出口限制造成的資產減值預測下調至45億美元,早前預測為55億美元,並指引對2026財年首季及次季收入的影響分別為25億美元及80億美元。該行認為出口限制對於收入的影響將於26財年次季前發生。公司又預測Blackwell將貢獻近七成的資料中心計算收入;基於GB300的Blackwell Ultra系統本月開始測試,該行料或在次季開始出貨。
該行指,雖然市場在業績後對於中國市場預期較低,但認為超預期的可能性較大;分別上調2025及26年收入預測至2,102億美元及2,674億美元,非公認會計準則每股盈利預測上調至4.65美元及6.31美元。基於32倍2025/26年平均市盈率,上調目標價至175美元,維持「買入」評級。
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