Bond.az - JPMorgan raised its price target on Nvidia Corp. stock to $280 from $265 while maintaining an Overweight rating. The stock currently trades at $223.47, giving the semiconductor giant a market capitalization of $5.41 trillion.
The firm said management affirmed expectations of sequential growth continuing through 2026 and into 2027, supported by hyperscaler data center capital expenditure growth exceeding 70%. The $1 trillion-plus Blackwell and Rubin revenue framework provides strong visibility into 2027.
Management struck a cautious tone on the Vera Rubin ramp compared to the Blackwell Ultra ramp, which the company described as the fastest product ramp in its history. Supply chain checks point to a strong Vera Rubin ramp into late 2026 and early 2027.
The board approved an $80 billion incremental buyback authorization, bringing the total available to $118.5 billion, and increased the quarterly dividend 25 times from $0.01 to $0.25. The company has maintained dividend payments for 15 consecutive years.
