Nvidia Corporation (NVDA) Rated as ‘Overweight’ at KeyBanc amid Booming Business

Group 1 - Nvidia Corporation is recognized as a high-growth semiconductor stock with profitability expected in 2025, receiving an 'Overweight' rating from KeyBanc with a price target of $250, reflecting confidence in the company's prospects due to strong hyperscaler demand [1][2] - KeyBanc anticipates Nvidia will benefit from increasing demand for GB200/300 products, projecting revenue of $56.3 billion and earnings per share of $1.28 for the upcoming results on November 19, surpassing consensus estimates of $54.5 billion and $1.24 [2] - The company is expected to ship 30,000 racks in 2023, with 10,500 in Q3 and 14,000 in Q4, and financial results are likely to improve due to renewed shipments of RTX6000D products to Chinese customers [3] Group 2 - Nvidia is a semiconductor giant specializing in accelerated computing products and platforms, primarily GPUs, serving key sectors such as data centers, gaming, professional visualization, and autonomous vehicles, and is a major provider of hardware and the CUDA software ecosystem that supports AI development [4]