The Swiss major bank UBS has reaffirmed its rating of NVIDIA CORP as “Buy” and maintained the price target at 175 US dollars. This decision was significantly influenced by the recent export data from Taiwan for June, which suggests positive implications for the second quarter of the American AI chipmaker.
Positive Signals from Taiwan
Analyst Timothy Arcuri from UBS emphasizes that this export data is a good sign for Nvidia’s business development. More insights will be provided by the upcoming revenue figures from the Taiwanese supplier TSMC, which are also expected to be published in June. These figures could reveal further indications of Nvidia’s performance.
Importance for Investors
For investors in the technology sector, UBS’s assessment is an important signal. It underscores confidence in Nvidia’s long-term growth potential and indicates a consistently high demand for Nvidia products. The set price target of 175 US dollars could thus have a significant impact on future investment decisions, especially in light of the current market dynamics and the substantial role of Taiwan in semiconductor manufacturing.