Source: PR Newswire

RBC Capital Markets$NVIDIA (NVDA.US)$The target price has been raised from $1180 to $1275 by RBC Capital Markets, as the company's soon-to-be-released Blackwell GPU platform is expected to be successful, and the company is also set to split their stocks.

Analyst Vijay Rakesh stated that Nvidia still has strong AI-related opportunities with the Hopper platform and the forthcoming Blackwell B100, set to launch from the third quarter of this year to the first quarter of next year.

With the release of the B200 nnv36/72 full rack, Nvidia should also see a "strong traction", expected to be launched in the first half of next year, with expected prices between $1.5 million and $3 million, which could "significantly" increase revenue expectations.

Rakesh added that the 10:1 stock split on June 7th may also create more demand from retail investors, becoming another driving force for the stock.

Editor / jayden