美銀:看好5納米工藝
英偉達(NVDA.US)上週預先公佈了第二季度財報預警,稱該季度業績主要受到遊戲收入疲軟的影響。然而,美銀表示,公司的新指引削減可能會出現 "反轉",因爲該公司準備推出5納米系列產品。
分析師Vivek Arya予英偉達"買入"評級,目標價爲200美元,並指出,英偉達的"第二次降價"將有助於在新的Lovelace遊戲芯片以及數據中心產品上市之前爲其 "掃除障礙"。
Arya認爲,第三季度的總銷售額可能在60億至65億美元之間,遠低於共識的70億至75億美元。5納米Lovelace遊戲芯片的推出可能有助於爲Q3/Q4/2023Q1的盈利預期提供上升空間。
該分析師還指出,由於供應鏈的阻力,這一時期的數據中心收入應該是連續持平,甚至可能略有下降。但近期的雲計算支出可能會保持強勁,因爲許多客戶正處於人工智能項目的 "關鍵 "階段,而且關鍵的半導體元件供應仍然緊張。
Arya表示:"在進入2024財年後,預計英偉達5納米工藝的Hopper GPU和Grace CPU將有助於抵消潛在的雲資本支出的減速。英偉達的加速器和網絡需求也受益於英特爾(INTC.US)的藍寶石急流CPU和AMD(AMD.US)Genoa服務器CPU的採用。
上週,Baird表示,由於消費者需求疲軟,英偉達不太可能出現V型反彈,盈利預期可能會進一步下滑。
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