NVIDIA shares bounced back after trade war fears eased between America and China. The Biden rules might change to let countries negotiate chip deals directly. Analyst C.J. Muse from Cantor Fitzgerald sees NVIDIA stock hitting $200 and keeps his positive rating. He expects the May 28 earnings call to clear away investor worries despite high hopes after recent tech events.
Muse predicts $46 billion revenue guidance for next quarter, slightly below what others expect. This number accounts for about $5 billion lost from licensing rules affecting China's sales of H20 chips. The company should ship around 25,000 rack systems with GB300 chips late this year. Data center sales could reach $200 billion by 2025, beating current estimates of $175 billion.
The stock trades at reasonable future earnings ratios despite recent price gains. NVIDIA CEO Jensen Huang criticized the current rules as wrong, claiming China matches US AI progress. He warned that limiting China's access helps their local companies against Western firms.
Muse predicts $46 billion revenue guidance for next quarter, slightly below what others expect. This number accounts for about $5 billion lost from licensing rules affecting China's sales of H20 chips. The company should ship around 25,000 rack systems with GB300 chips late this year. Data center sales could reach $200 billion by 2025, beating current estimates of $175 billion.
The stock trades at reasonable future earnings ratios despite recent price gains. NVIDIA CEO Jensen Huang criticized the current rules as wrong, claiming China matches US AI progress. He warned that limiting China's access helps their local companies against Western firms.
