Group 1 - Barclays analysts raised Nvidia's target price to $200, indicating a potential upside of 38% and a market capitalization of approximately $4.9 trillion, driven by the deployment progress of the new Blackwell AI platform and optimistic future profitability [2] - Nvidia is considered to have the "greatest upside potential in the second half of the year" among the companies covered by Barclays, with healthy utilization rates for the Blackwell platform and positive supply-demand dynamics anticipated for the second half of 2025 [2] - Analysts expect Nvidia's data center revenue to grow by a mid-teens percentage on a quarter-over-quarter basis in October and January, while sales to China and the previous generation Hopper chips are expected to be "essentially zero" [2] Group 2 - The development of the next-generation Blackwell Ultra chip is progressing as planned, with a "small" number expected to enter the supply chain by the end of the current quarter and mass production anticipated in the third quarter [3] - The large shipment of Blackwell and the launch of the Ultra chip are expected to help Nvidia improve its gross margin in the second half of the year, despite a decline in adjusted gross margin from 78.9% last year to 61% in the latest quarter [3] - Analysts believe that Nvidia, as the leading supplier of AI accelerators in the data center sector, has the potential to recover its gross margin from the current low 70% range back to the mid-70% target range [3]