Overview
- Nvidia’s fiscal Q4 revenue rose about 73% to roughly $68 billion, with Q1 guidance set at a $78 billion midpoint that excludes assumed China sales and points to margins near 74.9%.
- Shares fell more than 9% over two sessions following the report, even as the stock remains up strongly over the past year, highlighting a disconnect between results and price action.
- Morgan Stanley reinstated Nvidia as its top semiconductor pick with a $260 target and an Overweight rating, citing a favorable entry point and confidence in sustained AI spending.
- UBS kept a Buy rating with a $245 target and flagged demand visibility with customer build plans extending into 2027 following discussions with CFO Colette Kress.
- Street sentiment remains broadly positive with a StrongBuy consensus, multiple targets raised to $300 by major brokerages, and an average 12‑month target near $271 as attention turns to the March 16–19 GTC conference.