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Key findings
- Nvidia shares rose on Monday after Bank of America analysts called the stock a top pick and UBS suggested that Blackwell’s delays may be less severe than initially thought.
- Analysts at UBS assume that the delivery of the AI chips will not be delayed by three months as initially reported, but probably by four to six weeks.
- Analysts said a delay of this length would be “invisible to most, if not all, end users.”
Nvidia (NVDA) shares rose on Monday after Bank of America analysts called the stock a top pick and UBS analysts said a reported delay in Nvidia’s Blackwell artificial intelligence (AI) chip may be less severe than first thought.
Nvidia shares recently rose more than 4% in afternoon trading. The stock is up about 120% this year, though off the highs seen earlier this summer.
The reported delay could be “invisible” to most customers
Based on discussions with Nvidia customers, UBS analysts expect the first Blackwell shipments to be delayed by four to six weeks, up from a previous estimate of three months. The delay will likely be “invisible to most, if not all, end customers,” they said.
The analysts said they remained bullish on the stock, citing rising AI spending and growing enterprise demand for Nvidia. They maintained their buy rating and $150 price target.
Those comments came after Bank of America analysts called the stock a top pick on Monday, citing the AI chipmaker’s exposure to the data center market and its strength as cloud computing giants ramp up spending on infrastructure.
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