HSBC Head of Technology Frank Lee wrote in a note that he had concerns over Nvidia's declining data center revenue through the last two quarters as well as its rising inventories. But he believes the pricing of A.I. chips counteracts those headwinds and changes the revenue model for Nvidia.
"In particular, we’re shocked by Nvidia’s pricing power on AI chips that we see driving earnings upside, higher valuation," Lee wrote.
This should be a shock to no one but extreme Nvidia bears. Nvidia is leap years beyond its competitors like AMD, Intel, and Micron. Their previous investments in generative AI are paying off massively now and in the near future.
If Frank Lee is shocked by Nvidia's PP, I don't think he was paying enough attention.
[link] [comments] https://www.reddit.com/r/stocks/comments/12rbhs8/nvidia_stock_pops_on_hsbc_upgrade_were_shocked_by/
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