UBS is getting bullish on Nvidia ahead of the chipmaker’s quarterly results next week. The investment bank has a buy rating on the semiconductor name. It raised its price target on shares to $275 from $245, implying 22% upside from Wednesday’s close. “While investor interest here is always obviously high, we sense a marked apathy on this stock even among most big long-onlies – so the set-up for a good set of numbers and potentially positive news on capital return is a good one,” analyst Timothy Arcuri said Tuesday in a note to clients. UBS forecasts Nvidia’s first-quarter 2027 revenue will come in at roughly $81 billion, or above the roughly $79 billion expected by analysts polled by FactSet. It also expects the company to issue top-line guidance in the range $90 billion to $91 billion. The report is due Wednesday after the bell. The semiconductor firm is likely to notch much of its growth from its data center segment, including its Vera Rubin Platform, Arcuri said. The platform is a next-generation AI supercomputing platform and GPU microarchitecture that is expected to debut in the second half of this year. Nvidia has been on a tear of late, surging more than 29% in the second quarter as momentum in the artificial intelligence trade picked up following the emergence of Anthropic’s Mythos model. Nvidia is also the largest stock in the S & P 500 by market cap at more than $5 trillion UBS’ rating falls in line with consensus on the Street. Of the 61 analysts covering Nvidia, 57 have a buy or strong buy on the stock.
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