Key Takeaways
- Nvidia shares rose Monday as Bank of America analysts called the stock a top pick and UBS indicated that Blackwell delays may be less significant than initially thought.
- UBS analysts said they expect the artificial intelligence chip shipments to be delayed four to six weeks, rather than the three-month delay first reported.
- The analysts said a delay of that length would be “invisible to most, if not all, end customers.”
Nvidia (NVDA) shares rose Monday as Bank of America analysts called the stock a top pick and UBS analysts said a reported delay in Nvidia’s Blackwell artificial intelligence (AI) chip may be less significant than initially thought.
Shares of Nvidia were recently up more than 4% in afternoon trading. The stock is up about 120% this year, though off highs seen earlier this summer.
Reported Delay Could Be ‘Invisible’ to Most Customers
UBS analysts said they expect initial Blackwell shipments to be delayed four to six weeks, based on discussions with Nvidia customers, compared to a three-month delay that was earlier reported. The delay will likely be “invisible to most, if not all, end customers,” they said.
The analysts said they remained bullish on the stock, citing rising AI spending and enterprise demand growth Nvidia. They maintained a “buy” rating and price target of $150.
The comments came as Bank of America analysts called the stock a top pick Monday, referencing the AI chipmaker’s exposure to the data-center market and strength with cloud-computing giants set to raise spending on infrastructure.