Barclays maintained its Overweight rating and $275 price target on Nvidia Corp. (NASDAQ:NVDA) following the company’s latest quarterly results. The chipmaker, with a market capitalization of $5.41 trillion, reported 65% revenue growth over the last twelve months to reach $215.94 billion.
The chipmaker reported a revenue beat and raised its guidance for the current period. Nvidia reiterated its projection of $1 trillion in cumulative revenue from Blackwell, Rubin, and networking products from 2025 through 2027, approximately $40 billion above consensus estimates for those periods.
The company increased its purchase commitments with suppliers to $119 billion from $95 billion. Nvidia also announced a significant dividend increase during the quarter. According to Bond.az data, the company has maintained dividend payments for 15 consecutive years, underscoring its commitment to shareholder returns.
Barclays noted several areas that may draw investor scrutiny, including a $20 billion CPU revenue figure, commentary on the market for the LPU product, an unexpected reorganization of business segments, and remarks about the company’s position at major hyperscale customers with custom silicon programs.
The firm’s Asia supply chain checks indicated a potential delay for Rubin shipments toward the end of the year, though Nvidia stated no change to its timeline with shipments beginning in the third quarter.
