Wedbush analysts raised the price target on Nvidia (NASDAQ:NVDA) from $850 to $1,000, saying they expect positive news out of the chipmaker’s global artificial intelligence conference (GTC) next week.
The upward revision comes as the newsflow has the potential “to act as a near-term positive catalyst in addition to continued inputs suggesting end demand for NVDA’s AI products remains robust,” the analysts wrote.
Heading into the conference, Wedbush analysts are keen to hear about a number of developments.
They predict the chipmaker’s Blackwell architecture will offer substantial performance improvements over the current Hopper.
“As a reminder, NVDA presented the H100 as delivering up to 9X faster training and 30X faster inference performance vs. the A100,” the analysts wrote.
Given this expected leap in performance, Wedbush is eager to learn about Nvidia's pricing strategies, especially considering that the shift from A100 to H100 resulted in a significant price increase, more than doubling the cost.
“In addition, we will be interested in any incremental color regarding NVDA’s future GPU and AI products beyond the 2025 roadmap NVDA has presented to date,” they said.