Overview
- Bank of America and Bernstein reiterated buy ratings with $275 targets, Jefferies kept $250, Truist raised to $275, and Tigress lifted to $350 citing Nvidia’s data‑center leadership and product roadmap.
- Following investor meetings, analysts said Nvidia expects Blackwell‑trained large language models in early 2026 and argues it remains a full generation ahead on training and inference efficiency.
- Nvidia and covering analysts cited visibility into at least $500 billion of 2025–26 opportunity across Blackwell, Rubin and networking, with recent OpenAI and Anthropic agreements viewed as incremental upside.
- Nvidia made the RTX PRO 5000 72GB Blackwell GPU generally available on Dec. 18 and released Nemotron 3 Nano, with larger Nemotron 3 models expected in the first half of 2026.
- Coverage also flags risks from rising custom silicon and rival GPUs, ongoing export‑license uncertainty for China including pending H200 approvals, and valuation concerns, while Reuters reported Nvidia resolved Valeo’s trade‑secrets lawsuit.