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大行評級|瑞銀:重申英偉達“買入”評級 Blackwell增長超預期
格隆匯 02-28 13:20

瑞銀髮表研究報告指,儘管英偉達的業績可能有一些細節值得挑剔,但該行認爲其業績、指引和評論整體表現良好,足以推動市場討論朝正向發展。公司Blackwell增長超預期,甚至比該行之前90億美元的預測更樂觀。而公司對今年經營開支增長的明確指引,通常是對增長潛力有信心的強烈信號。

另外,該行亦提到英偉達毛利率指引略低於預期,但認爲是由於產品組合於第一財季發生重大變化,其中Blackwell料將佔逾60%的收入。英偉達對第一財季收入指引爲430億美元,瑞銀的供應鏈研究顯示有關指引留有相當大的上行空間。該行預計英偉達今年每股盈利介乎5至5.5美元,明年至少達到6至6.5美元,因爲對AI計算需求仍然強勁,而且並無減速跡象。

該行重申對其“買入”評級和目標價185美元。

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