HSBC lowered the firm’s price target on Nvidia (NVDA) to $310 from $320 and keeps a Buy rating on the shares ahead of earnings due on February 25. The firm expects Nvidia to report Q4 revenue of $68.0B, 5% and 3% higher than management guidance and Visible Alpha consensus, respectively. As the GB300 continues to ramp into FY27, the firm expects Q1 revenue of $74.0B, or 3% above VA consensus, the analyst added in an earnings preview in which it also noted that it does not include any China revenue in its estimates.
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