Jefferies sees more room for Nvidia gains amid Blackwell ramp
The investment bank believes Nvidia will beat revenue expectations and raise future guidance, driven by the ramping up of its Blackwell processors and continued growth of the Hopper GPU lineup.
Jefferies’s optimism is partly rooted in the strong performance of NVIDIA's Blackwell processors, with revenue for this product expected to be around $4 billion in the third quarter and anticipated to accelerate to $9 billion in the fourth quarter. “While we are very positive on the unit upside, we would highlight that many of these estimates may be baking too aggressive ASPs,” analysts led by Blayne Curtis noted.
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