Nvidia (NVDA.US)'s management revealed during its 1Q earnings call that Blackwell racked in full production, and development is back on track, BofA Securities issued a research report saying. The risk in the Chinese market also decreased now, while the Company is confident that its gross profit margin can recover to approx. 75% later this year.

BofA Securities reiterated rating at Buy on Nvidia as its top pick. Based on faster EPS growth estimations, the broker raised its FY2026-FY2028 adjusted EPS forecasts by 6%/ 2%/ 12% to US$4.21/ US$5.87/ US$7.23 each, and elevated its target price from US$160 to US$180, corresponding to a projected PE ratio hike from 28x to 30x.
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AASTOCKS Financial News
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SG Top Picks
Stock & Type	Code	Strike(Call Level)	Last	Effective Gearing
Nvidia (C)	10537	165 (-)	0.035	11.3 X
Nvidia (C)	10573	150 (-)	0.204	5.0 X
Nvidia (C)	10615	135 (-)	0.345	3.9 X
Nvidia (P)	10538	116 (-)	0.053	7.5 X
Nvidia (P)	10581	95 (-)	0.058	4.3 X