(News Bulletin 247) – UBS reaffirms its ‘buy’ recommendation on Nvidia while raising its price target from $475 to $540, a new target that implies a potential upside of 24% for the title of the manufacturer of processors, boards and graphics chips.

With the approach of its second accounting quarter publication – scheduled for August 23 – which it expects to be ‘very vigorous’, the broker indicates that it anticipates the announcement of a solid revenue forecast of around 14.5 billion euros. dollars for the third quarter.

In the summary of its research note, UBS adds to significantly increase its estimates for Nvidia, ‘in conjunction with a new CoWoS analysis’ (chip-on-wafer-on-substrate).

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