UBS points out that Nvidia's Blackwellrise exceeded expectations and reiterates a buy rating.

On February 28th, the Golden Ten Data News reported that UBS’s research report pointed out that although there may be some details worthy of criticism in NVIDIA’s (NVDA.O) performance, the bank believes that its performance, guidance, and comments overall are good enough to drive market discussions in a positive direction. The company’s Blackwellrise exceeded expectations, even more optimistic than the bank’s previous forecast of 9 billion USD. The company’s clear guidance on rising operating expenses this year is usually a strong signal of confidence in the rise potential. In addition, the bank also mentioned that NVIDIA’s gross margin guidance is slightly lower than expected, but believes it is due to significant changes in product mix in the first quarter, with Blackwell expected to account for over 60% of revenue. The bank expects NVIDIA to earn between $5 and $5.5 per share this year, reaching at least $6 to $6.5 next year, as demand for AI computing remains strong and shows no signs of slowing down. The bank reiterated its buy rating and target price of $185.