UBS Bullish on Nvidia Amid AI-Driven Market Surge
Nvidia's stock has surged 43% year-to-date, fueled by relentless demand for AI infrastructure and dominance in data-center hardware. Despite export restrictions and tech sector volatility, the chipmaker's growth trajectory remains unshaken—underpinned by robust earnings, customer loyalty, and strategic partnerships.
Wall Street braces for Nvidia's FQ3 earnings report on November 19, with UBS analyst Timothy Arcuri forecasting revenue of $56 billion, exceeding guidance. Arcuri, ranked among the top 5% of Wall Street analysts, projects a $63–64 billion FQ4 revenue target, citing favorable tailwinds and potential upside from inventory headroom.