Nvidia: Blackwell Platform, Higher Capex Should Drive Growth; Raising Fair Value by 25% to $910

Nvidia’s GTC conference keynote address introduced the company’s latest artificial intelligence graphics processor, or AI GPU, Blackwell, along with its associated platform and GPU clusters to enable AI workloads. Just as important, GTC showcased the efforts of the company’s wide range of partners in areas such as robotics and automotive, among many others. We don’t foresee these partners slowing their investments anytime soon, which supports our healthy growth estimates for Nvidia in the years ahead.