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<Research>JPM Reiterates NVIDIA (NVDA.US) Overweight Rating with TP of USD265
NVIDIA (NVDA.US) disclosed during an analyst meeting that its procurement orders and demand for Blackwell and Vera Rubin until 2027 surpass USD1 trillion, JP Morgan said in its res...
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<Research>JPM Reiterates NVIDIA (NVDA.US) Overweight Rating with TP of USD265
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NVIDIA (NVDA.US)      disclosed during an analyst meeting that its procurement orders and demand for Blackwell and Vera Rubin until 2027 surpass USD1 trillion, JP Morgan said in its research report.

However, this figure is only a lower bound, as it does not include Groq LPU racks, standalone Vera CPUs, storage systems, and Rubin Ultra, all of which represent additional revenue sources.

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NVIDIA is targeting capital returns of about 50% of FCF via share buybacks and dividends, an expansion from about 42% in 2026, implying a combined total of over USD200 billion for 2026 and 2027.

The broker believed that several incremental revenue sources for NVIDIA, which were not considered a year ago, provide substantial upside to current market expectations, and the company's competitiveness is continuously expanding.

JP Morgan reiterated Overweight on NVIDIA, with a target price of USD265.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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