0NVDA.US Overview

NVIDIA's Financial Performance: BOCOM International reported NVIDIA's revenue for 4QFY26 at USD68.1 billion, exceeding previous guidance and street consensus, with a non-GAAP gross margin of 75.2%.

Future Revenue Guidance: Management indicated potential quarter-over-quarter revenue growth for 2026 but did not specify the growth rate, while the first batch of Vera Rubin products has been sampled to customers.

Revised Revenue Forecasts: The broker raised NVIDIA's revenue forecasts for FY27 and FY28 to USD354.5 billion and USD455.7 billion, respectively, along with increased non-GAAP EPS forecasts to USD8.06 and USD10.52.

Stock Price Target: The target price for NVIDIA's stock was increased to USD260, with the broker considering the stock price to be attractive.

Tencent's Game Release: Tencent's multiplayer adventure game, Honor of Kings: World, is set to launch in April, with pre-registration available on Apple iOS.

Game Features: The game is an open-world RPG that supports ray tracing and Nvidia's DLSS 3 technology, with pioneer testing having started on July 24, 2025.

Nvidia's New Processor: Nvidia plans to launch a new processor aimed at enhancing tools for OpenAI and other clients, focusing on AI model inference rather than training.

Collaboration with Groq: The new system will utilize a chip designed by startup Groq and is expected to be unveiled at the upcoming Nvidia GTC developer conference, with OpenAI reportedly set to purchase it.

NVIDIA's Performance: CICC reported that NVIDIA's 4QFY26 results and 1Q guidance exceeded expectations due to strong cabinet product shipments driven by increased inference demand.

Broker Rating and Target Price: CICC maintained an Outperform rating on NVIDIA and raised the target price by 6% to USD 240.6, highlighting the clear trend of expanding computing power.

US Factory Orders: The US Factory Orders for December showed a month-over-month decline of 0.7%, which was worse than the previous increase of 2.7% and below the forecast of -0.5%.

Market Context: The report indicates a positive outlook for NVIDIA amidst broader economic indicators showing mixed results, particularly in manufacturing.

NVIDIA's Strong Performance: NVIDIA's fourth fiscal quarter results exceeded expectations, with revenue guidance for the first fiscal quarter projected to be approximately USD5 billion higher than market forecasts, and gross margin guidance remaining solid at 74-75%.

Investor Sentiment and Future Growth: JP Morgan highlighted high investor expectations linked to NVIDIA's data center business growth and the potential of generative AI as a new demand driver, leading to an increased target price from USD250 to USD265 and an Overweight rating for the stock.

NVIDIA's Financial Performance: HSBC Global Investment Research reported NVIDIA's sales for 4QFY26 at USD68.1 billion, exceeding management guidance and street consensus, while management expressed confidence in AI without introducing new narratives regarding market expansion.

Target Price Adjustment: The broker reduced NVIDIA's target price from USD310 to USD295, maintaining a Buy rating, but slightly lowered EPS estimates for FY27 and FY28 by 4% each.